NOT LISTED FOR SALE

5 71st St Unit 202 Ocean City, MD 21842

Estimated Value: $466,994 - $484,000

2 Beds
2 Baths
1,098 Sq Ft
$208/mo HOA Fee

Last Sold December 17, 2018

Last sale price $300,000 $273 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,118/month

18 Days on Market

Highlights

  • Ocean View
  • Primary bedroom faces the ocean
  • Waterfront
  • Ocean City Elementary School Rated A
  • Eat-In Gourmet Kitchen
  • Wood Flooring

About This Home

As of December 2018

Amazing ocean views from this turn key ready 2 bed, 2 bath unit on 71st street. Watch the waves crash on the beach and the dolphins jump out of the water from your new unit in the "Wave Watcher" Very nice furnishings with upgraded appliances this could be your new beach home in Ocean City, Maryland! Incredibly low condo fees of only $2,500!! Go see it for yourself TODAY!!

Last Agent to Sell the Property

Chase Church

(443) 944-2553 chasechurch11@yahoo.com Coldwell Banker Bud Church Realty,Inc. License #671240 Listed on: 10/22/2018

Coldwell Banker Bud Church Realty,Inc.

Last Buyer's Agent

Terry Riley

(443) 880-0512 terry@sunsetisland.net RE/MAX Advantage Realty

RE/MAX Advantage Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,598

Year Built

  • Built in 1983

Lot Details

  • Waterfront
  • Property is in very good condition

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Built-Up Roof
  • Stick Built Home
  • Masonry

Interior Spaces

  • 1,098 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Family Room Off Kitchen
  • Dining Area
  • Ocean Views

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Parking Lot
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

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

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Municipal Trash

Community Details

  • Low-Rise Condominium
  • Wave Watcher Community
  • Property Manager

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 8782
  • Assessor Parcel Number 10-241251

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,598

Year Built

Built in 1983

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Fee Simple
  • Exclusions: Personal Items (Pictures on the walls)
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2018-10-24
  • Federal Flood Zone: Yes
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Washer, Stove, Refrigerator, Microwave
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Flat, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Island, Kitchen - Gourmet, Primary Bedroom - Ocean Front, Pantry
  • Fireplace: No
  • Levels Count: 3+
  • Basement: No
  • Total Sq Ft: 1098
  • Living Area Sq Ft: 1098
  • Price Per Sq Ft: 286.79
  • Above Grade Finished Sq Ft: 1098
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Concrete, Masonry, Stick Built
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • Spa: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 2500.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5417347
  • Tax Annual Amount: 3598.00
  • Assessor Parcel Number: 10-241251
  • Tax Lot: 8782
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Dec 17, 2018
Sold by
Wood Michael J and Wood Kimberly L
Bought by
Wink Mary M and Wink John L
Seller's Agent
Chase Church
Coldwell Banker Bud Church Realty,Inc.
Buyer's Agent
Terry Riley
RE/MAX Advantage Realty
List Price
$314,900
Sold Price
$300,000
Premium/Discount to List
-$14,900
-4.73%
Current Estimated Value
$477,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,999
Avg. Annual Appreciation
6.82%

Purchase Details

Closed on
May 18, 2004
Sold by
Rosenthal Debra J
Bought by
Collison Christopher J and Collison Corinne K

Purchase Details

Closed on
Mar 31, 1999
Sold by
Rosenthal Debra J
Bought by
Rosenthal Debra J

Purchase Details

Closed on
Feb 11, 1998
Sold by
Lambros Michael J and Lambros Sylvia
Bought by
Rosenthal Debra J and Platt Robyn J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wink Mary M $300,000 Brennan Title Co
Collison Christopher J $370,000 --
Rosenthal Debra J $18,000 --
Rosenthal Debra J $114,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rosenthal Debra J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2018 12/17/18 Sold $300,000 -4.7% $273 / Sq Ft
11/12/2018 11/12/18 Pending -- -- --
10/24/2018 10/24/18 For Sale $314,900 -- $287 / 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 $4,927 $360,833 $0 $0
2024 $4,325 $309,967 $0 $0
2023 $3,641 $259,100 $129,500 $129,600
2022 $3,641 $259,100 $129,500 $129,600
2021 $3,661 $259,100 $129,500 $129,600
2020 $3,661 $259,100 $129,500 $129,600
2019 $3,623 $254,700 $0 $0
2018 $3,525 $250,300 $0 $0
2017 $3,491 $245,900 $0 $0
2016 -- $245,900 $0 $0
2015 $3,716 $245,900 $0 $0
2014 $3,716 $263,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009964818

Bright MLS

APN: 10-241251