NOT LISTED FOR SALE

5 70th St Unit 22 Ocean City, MD 21842

Estimated Value: $559,654 - $649,000

3 Beds
2.5 Baths
1,200 Sq Ft
$500/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $315,000 $262 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,930/month

Highlights

  • Ocean View
  • Furnished
  • Outdoor Shower
  • Ocean City Elementary School Rated A
  • Balcony
  • Attached Carport

About This Home

As of April 2018

Well maintained townhome in an excellent mid-town location. Make this your new home or vacation getaway. Ocean view from the deck and a stone's throw from the beach. Established rental history. Over 21k in gross rentals for 2017. Protected car port parking. Central air. Buyer must honor existing rentals. Home warranty included at no cost to buyer.

Last Agent to Sell the Property

Ted Smith

(410) 289-8888 tsmith@holidayoc.com Holiday Real Estate License #510438 Listed on: 11/05/2017

Last Buyer's Agent

Melanie Shoff

(443) 373-8399 melsellsthebeaches@gmail.com Coastal Life Realty Group LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,817

Year Built

  • Built in 1965

Lot Details

  • Cleared Lot

HOA Fees

  • $307 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Attached Carport
  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Outdoor Shower
  • Balcony

Schools

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

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • Beach Place Community

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 22
  • Assessor Parcel Number 082145

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,817

Year Built

Built in 1965

Lot Details

0

HOA Fees

$307 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Condominium
  • Exclusions: Personal items
  • Federal Flood Insurance: Unknown
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Foundation Details: Pilings
  • Levels Count: 3+
  • Living Area Units: Square Feet
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 274.17
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Off Street, Under Home Parking, Assigned
  • Type Of Parking: Attached Carport, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3680.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5403829
  • Assessor Parcel Number: 082145
  • Tax Lot: 22
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2017
Closed on
Apr 9, 2018
Sold by
Rellas Fay M and Relllas Peter J
Bought by
Shellahamer Allison M and Shellahamer Adam L
Seller's Agent
Ted Smith
Holiday Real Estate
Buyer's Agent
Melanie Shoff
Coastal Life Realty Group LLC
List Price
$329,000
Sold Price
$315,000
Premium/Discount to List
-$14,000
-4.26%
Current Estimated Value
$599,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,414
Avg. Annual Appreciation
8.88%
Original Mortgage
$283,500
Outstanding Balance
$243,749
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$355,665

Purchase Details

Closed on
Dec 5, 2001
Sold by
Rellas John P and Rellas Fay M
Bought by
Rellas John P and Rellas Fay M
Source: Public Records

Range of Values:

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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
Shellahamer Allison M $315,000 None Available
Rellas John P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shellahamer Allison M $283,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2018 04/09/18 Sold $315,000 -4.3% $263 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
11/05/2017 11/05/17 For Sale $329,000 -- $274 / 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 $5,817 $426,000 $0 $0
2024 $5,023 $360,000 $0 $0
2023 $4,132 $294,000 $147,000 $147,000
2022 $4,132 $294,000 $147,000 $147,000
2021 $4,155 $294,000 $147,000 $147,000
2020 $4,154 $294,000 $147,000 $147,000
2019 $4,182 $294,000 $147,000 $147,000
2018 $4,141 $294,000 $147,000 $147,000
2017 $4,367 $355,200 $0 $0
2016 -- $307,600 $0 $0
2015 $3,398 $260,000 $0 $0
2014 $3,398 $212,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ted Smith

    Seller's Agent in 2018

    Ted Smith

    Holiday Real Estate

    (410) 289-8888

    24 in this area

    28 Total Sales

    Ted Smith
    Section Image
  • Melanie Shoff

    Buyer's Agent in 2018

    Melanie Shoff

    Coastal Life Realty Group LLC

    (443) 373-8399

    124 in this area

    229 Total Sales

    Melanie Shoff
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000520124

Bright MLS

APN: 10-082145

Maryland Worcester County Ocean City 21842

5 70th St Unit 22, Ocean City, MD

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