NOT LISTED FOR SALE

5 138th St Unit 3E Ocean City, MD 21842

Estimated Value: $395,000 - $459,000

3 Beds
2 Baths
1,090 Sq Ft
$150/mo HOA Fee

Last Sold June 10, 2019

Last sale price $209,000 $192 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,660/month

Highlights

  • Ocean View
  • Deck
  • Furnished
  • Ocean City Elementary School Rated A
  • Wood Flooring
  • Balcony

About This Home

As of June 2019

Enjoy ocean views and incredible sunrises as you sip your coffee from your own private top floor balcony! This uptown oceanblock 3 bed/2 bath condo offers the quiet of being in North OC w/less crowded beaches, while still being close to great restaurants, mini-golf, movies and other entertainment! Also close proximity to Fenwick Island amenities! Small, self-managed three season building. New living room and outdoor furniture. Building got a new roof in 2018! Currently in a rental program and would be a great beach home or investment property! Easy to show!

Last Agent to Sell the Property

Kevin Decker

(443) 235-6552 kevin@kevindeckeroc.com Coastal Life Realty Group LLC License #532548 Listed on: 05/10/2019

Last Buyer's Agent

Katy Durham

(410) 726-2398 kdurham@cbmove.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,448

Year Built

  • Built in 1972

Lot Details

  • Cleared Lot
  • Property is in very good condition

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Built-Up Roof
  • Wood Siding
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,090 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Dining Area
  • Ocean Views

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 8466A
  • Assessor Parcel Number 10-168651

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management
  • Low-Rise Condominium
  • Windward Community

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,448

Year Built

Built in 1972

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Chest in Back Bedroom Closet. Pictures on the East Wall of Family Room
  • Historic: No
  • Home Warranty: No
  • Inclusions: Furniture, contents of Storage Locker
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1972
  • Remarks Public: Enjoy ocean views and incredible sunrises as you sip your coffee from your own private top floor balcony! This uptown oceanblock 3 bed/2 bath condo offers the quiet of being in North OC w/less crowded beaches, while still being close to great restaurants, mini-golf, movies and other entertainment! Also close proximity to Fenwick Island amenities! Small, self-managed three season building. New living room and outdoor furniture. Building got a new roof in 2018! Currently in a rental program and would be a great beach home or investment property! Easy to show!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven - Single, Refrigerator, Stove, Washer, Water Heater
  • Flooring Type: Carpet, Tile/Brick, Wood
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1090
  • Living Area Sq Ft: 1090
  • Price Per Sq Ft: 200.92
  • Above Grade Finished Sq Ft: 1090
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built, Vinyl Siding, Wood Siding
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1800.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: 012
  • Lot Features: Cleared
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5411167
  • Tax Annual Amount: 2448.00
  • Assessor Parcel Number: 10-168651
  • Tax Lot: 8466A
  • Tax Total Finished Sq Ft: 1090
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 06/10/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2019
Closed on
Jun 10, 2019
Sold by
Gormsen Donald R and Gormsen Heather E
Bought by
Lynch Julia Ann and Llewellyn William James
Seller's Agent
Kevin Decker
Coastal Life Realty Group LLC
Buyer's Agent
Katy Durham
Coldwell Banker Realty
List Price
$219,000
Sold Price
$209,000
Premium/Discount to List
-$10,000
-4.57%
Current Estimated Value
$426,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,788
Avg. Annual Appreciation
11.90%

Purchase Details

Closed on
Apr 20, 2017
Sold by
Jeremiah James B and Jeremiah Deeann
Bought by
Gorsen Donald R and Gorsen Heather E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,600
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2007
Sold by
Jeremiah James W
Bought by
Jeremiah James B and Jeremiah Deeann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 11, 2007
Sold by
Jeremiah James W
Bought by
Jeremiah James B and Jeremiah Deeann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 2, 2003
Sold by
Caldwell Ronald
Bought by
Jeremiah James W and Jeremiah James

Purchase Details

Closed on
Apr 6, 1999
Sold by
Seiler Lewis P
Bought by
Caldwell Ronald
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
Lynch Julia Ann $209,000 Mid Atlantic Setmnt Svcs Llc
Gorsen Donald R $182,000 Resort Lan Title & Escrow Ll
Jeremiah James B -- --
Jeremiah James B -- --
Jeremiah James W $205,000 --
Caldwell Ronald $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorsen Donald R $145,600
Previous Owner Jeremiah James B $170,000
Previous Owner Jeremiah James B $170,000
Closed Caldwell Ronald --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2019 06/10/19 Sold $209,000 -4.6% $192 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $219,000 -- $201 / 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 $2,981 $253,967 $0 $0
2024 $2,981 $213,633 $0 $0
2023 $2,443 $173,300 $86,600 $86,700
2022 $2,436 $173,300 $86,600 $86,700
2021 $2,449 $173,300 $86,600 $86,700
2020 $2,449 $173,300 $86,600 $86,700
2019 $2,465 $173,300 $86,600 $86,700
2018 $2,441 $173,300 $86,600 $86,700
2017 $2,682 $213,600 $0 $0
2016 -- $188,900 $0 $0
2015 $2,145 $164,200 $0 $0
2014 $2,145 $139,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO106108

Bright MLS

APN: 10-168651