NOT LISTED FOR SALE

5 76th St Unit 501 Ocean City, MD 21842

Estimated Value: $506,000 - $588,000

2 Beds
2 Baths
1,071 Sq Ft
1978 Built

Sale Details

Date Sold: January 8, 2018

Last sale price $322,000 $301 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,547 / mo

2 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Deck
  • Ocean City Elementary School Rated A
  • Water Access
  • Contemporary Architecture

About This Home

As of January 2018

Perhaps the Best location in the Building, Top 5th floor, South corner condo. Original Owner, ready for a refreshing updating. Intimate 20-unit Complex now completing pre-paid exterior upgrades: windows, doors, facade resurfacing, railings, walkways. 12' x 8' private balcony, 40 parking spaces w/ owner passes, Bay view at West walkway. Signature Purnell over-sized low Master Bedroom window + direct balcony access, bonus extra South Living/Dining area window for longer interior year-round beach & ocean view, Central elevator, quieter masonry construction. Walk-In full-sized Laundry/Utility Room for storage. As a rental expect $1,600+ prime, Pre-Inspected + 1-year Warranty. RE Taxes @ $385/m, Condo Fee @ $234/m paid quarterly, Self-Managed Building. As-Is Condition Estate Sale.

Last Agent to Sell the Property

Joy Isenberg Snyder

(410) 723-3600 blawrence.rma@gmail.com RE/MAX Advantage Realty Listed on: 11/30/2017

RE/MAX Advantage Realty

Last Buyer's Agent

Dave Whittington

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #520693

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1978

Lot Details

  • Home fronts navigable water
  • East Facing Home
  • Cleared Lot

HOA Fees

  • $233 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Block Foundation
  • Slab Foundation
  • Built-Up Roof
  • Stick Built Home
  • Masonry
  • Stucco

Interior Spaces

  • 1,071 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Crown Molding
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • 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

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 501
  • Assessor Parcel Number 086345

Community Details

Overview

  • 20 Units
  • 1 Elevator
  • Mid-Rise Community
  • Even Keel Community

Security

  • Storm Doors

Property Details

Home Type

Condominium

Year Built

Built in 1978

Lot Details

0 Sq Ft Lot

HOA Fees

$233 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat, Contemporary
  • Ownership: Condominium
  • Exclusions: NONE NOTED: Itemized Inventory Provided in Documents.
  • Federal Flood Insurance: Yes
  • Historic: No
  • Home Warranty: Yes
  • Inclusions: Exhaust Fan(s)
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
  • Entry Floor: 5
  • Interior Amenities: Entry Level Bedroom, Crown Moldings, Window Treatments
  • Window Features: Insulated, Screens
  • Door Features: Storm
  • Elevators Count: 1
  • Foundation Details: Block, Slab
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Laundry
  • Living Area Units: Square Feet
  • Total Sq Ft: 1071
  • Living Area Sq Ft: 1071
  • Price Per Sq Ft: 317.46
  • Above Grade Finished Sq Ft: 1071
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete, Stucco, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • 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
  • Parking Features: Off Street
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 360.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2800.00
  • 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, Corner
  • Lot Size Units: Square Feet
  • 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: 5404186
  • Assessor Parcel Number: 086345
  • Tax Lot: 501
  • County Tax Payment Frequency: Annually

Multi Family

  • Federal Flood Zone: X

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2017
Closed on
Jan 8, 2018
Sold by
Sullivan Anne Pollins
Bought by
Fedorkowicz Joseph John and Fedorkowicz Anna Nguyen
Seller's Agent
Joy Isenberg Snyder
RE/MAX Advantage Realty
Buyer's Agent
Dave Whittington
Coastal Life Realty Group LLC
List Price
$340,000
Sold Price
$322,000
Premium/Discount to List
-$18,000
-5.29%
Current Estimated Value
$550,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,510
Avg. Annual Appreciation
6.69%
Original Mortgage
$125,000
Outstanding Balance
$70,188
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$480,322

Purchase Details

Closed on
Oct 29, 1999
Sold by
Elizabeth Pollins
Bought by
Pollins Elizabeth M and Pollins Trustee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fedorkowicz Joseph John $322,000 Ocean Investments Title Corp
Pollins Elizabeth M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fedorkowicz Joseph John $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2018 01/08/18 Sold $322,000 -5.3% $301 / Sq Ft
12/03/2017 12/03/17 Pending -- -- --
11/30/2017 11/30/17 For Sale $340,000 -- $317 / Sq Ft
Source: Bright MLS

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 $4,698 $409,400 $0 $0
2024 $4,676 $368,000 $0 $0
2023 $4,590 $326,600 $228,600 $98,000
2022 $4,590 $326,600 $228,600 $98,000
2021 $4,615 $326,600 $228,600 $98,000
2020 $4,615 $326,600 $228,600 $98,000
2019 $4,646 $326,600 $228,600 $98,000
2018 $4,600 $326,600 $228,600 $98,000
2017 $4,614 $326,600 $0 $0
2016 -- $319,467 $0 $0
2015 $4,370 $312,333 $0 $0
2014 $4,370 $305,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joy Isenberg Snyder

    RE/MAX

    Section Image
  • Dave Whittington

    Buyer's Agent in 2018

    Dave Whittington

    Coastal Life Realty Group LLC

    (410) 430-5283

    127 in this area

    158 Total Sales

    Dave Whittington
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000518808

Bright MLS

APN: 10-086345

Maryland Worcester County Ocean City 21842

5 76th St Unit 501, Ocean City, MD

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