NOT LISTED FOR SALE

4401 Atlantic Ave Unit 5 Ocean City, MD 21842

Estimated Value: $794,000 - $1,074,000

4 Beds
3.5 Baths
1,920 Sq Ft
$488/Sq Ft Est. Value

Last Sold March 29, 2018

Last sale price $850,000 $443 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,124/month

Highlights

  • Ocean View
  • Primary bedroom faces the ocean
  • Deck
  • Ocean City Elementary School Rated A
  • Waterfront
  • Furnished

About This Home

As of March 2018

Exceptional oceanfront 4-level townhome accented with east and west balconies on every level. Low density mid-island beach. Significant updates to the entire building as well as unit: ceramic tile flooring, shiplap walls, new electric ocean side storm shutters, new sliding glass doors, fresh interior paint, new home furnishings, new siding, outdoor shower and so much more. 1920 sq ft of resort relaxing. Big space, huge value! Top producing rental.Seller may partake in a 1031 exchange at no expense to the buyer.Seller is a licensed real estate broker.

Last Agent to Sell the Property

Barbara Busch

(410) 524-0295 ocbarbarabusch@gmail.com Resort Real Estate Inc Listed on: 09/20/2017

Last Buyer's Agent

JOSEPH MAGGIO

joe@maggiorealty.cominactive JOE MAGGIO REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,980

Year Built

  • Built in 1988

Lot Details

  • Waterfront
  • Cleared Lot

HOA Fees

  • $375 Monthly HOA Fees

Parking

  • Attached Carport

Home Design

  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,920 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Ocean Views
  • Storage In Attic

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom faces the ocean

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 066549

Community Details

Overview

  • Pilot House Community

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,980

Year Built

Built in 1988

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Federal Flood Zone: Yes
  • Year Built: 1988
  • Remarks Public: Exceptional oceanfront 4-level townhome accented with east and west balconies on every level. Low density mid-island beach. Significant updates to the entire building as well as unit: ceramic tile flooring, shiplap walls, new electric ocean side storm shutters, new sliding glass doors, fresh interior paint, new home furnishings, new siding, outdoor shower and so much more. 1920 sq ft of resort relaxing. Big space, huge value! Top producing rental.Seller may partake in a 1031 exchange at no expense to the buyer.Seller is a licensed real estate broker.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Primary Bedroom - Ocean Front, Window Treatments
  • Window Features: Insulated, Screens, Storm
  • Foundation Details: Pilings
  • Living Area Units: Square Feet
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 463.49
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4401

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Water Frontage Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4500.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5402584
  • Assessor Parcel Number: 066549
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Close Date: 03/29/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2019
Sold by
4401 Atlantic Ave 5 Llc
Bought by
Gross Steven B
Current Estimated Value
$937,535

Purchase Details

Listed on
Sep 20, 2017
Closed on
Mar 29, 2018
Sold by
Stakem James J and Stakem Alice C
Bought by
4401 Atlantic Ave 5 Llc and Single Member Llc
Seller's Agent
Barbara Busch
Resort Real Estate Inc
Buyer's Agent
JOSEPH MAGGIO
JOE MAGGIO REALTY
List Price
$889,900
Sold Price
$850,000
Premium/Discount to List
-$39,900
-4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%

Purchase Details

Closed on
Jan 13, 2017
Sold by
Sonley L Timothy and Falla Pamela V
Bought by
Stakem James J and Stakem Alice C

Purchase Details

Closed on
Sep 15, 2011
Sold by
Stansbury Heather E
Bought by
Pilot House Condominium Association

Purchase Details

Closed on
Jun 30, 2005
Sold by
Conroy Mary A
Bought by
Falla Sonley L Timothy and Falla Pamela V

Purchase Details

Closed on
May 20, 2005
Sold by
Conroy Mary A
Bought by
Falla Sonley L Timothy and Falla Pamela V

Purchase Details

Closed on
Jan 31, 2001
Sold by
Conroy Mary A
Bought by
Conroy Mary A and Trustee
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gross Steven B -- Dba Real Estate T&E
4401 Atlantic Ave 5 Llc $850,000 Capitol Title Ins Agency Inc
Stakem James J $555,000 None Available
Pilot House Condominium Association $500 None Available
Falla Sonley L Timothy $950,000 --
Falla Sonley L Timothy $950,000 --
Conroy Mary A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2018 03/29/18 Sold $850,000 -4.5% $443 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $889,900 -- $463 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,980 $730,867 $0 $0
2024 $9,412 $674,533 $0 $0
2023 $8,688 $618,200 $432,700 $185,500
2022 $8,688 $618,200 $432,700 $185,500
2021 $8,736 $618,200 $432,700 $185,500
2020 $8,735 $618,200 $432,700 $185,500
2019 $8,439 $593,233 $0 $0
2018 $8,004 $568,267 $0 $0
2017 $7,713 $543,300 $0 $0
2016 -- $543,300 $0 $0
2015 $7,435 $543,300 $0 $0
2014 $7,435 $619,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Barbara Busch

    Resort Real Estate Inc

    (410) 524-0295

    7 in this area

    14 Total Sales

    Barbara Busch
    Section Image

  • J

    Buyer's Agent in 2018

    JOSEPH MAGGIO

    JOE MAGGIO REALTY

See All Agents

Map

Source: Bright MLS

MLS Number: 1000519904

Bright MLS

APN: 10-066549

Maryland Worcester County Ocean City 21842

4401 Atlantic Ave Unit 5, Ocean City, MD

This home is located at 4401 Atlantic Ave Unit 5, Ocean City, MD 21842 since 20 September 2017 and is currently estimated at $937,535, approximately $488 per square foot. This property was built in 1988. 4401 Atlantic Ave Unit 5 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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