NOT LISTED FOR SALE

5 80th St Unit 3 Ocean City, MD 21842

Estimated Value: $420,438 - $460,000

2 Beds
2 Baths
672 Sq Ft
$275/mo HOA Fee

Last Sold June 15, 2024

Last sale price $425,000 $632 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,954/month

83 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Ocean View
  • Beach
  • Ocean City Elementary School Rated A
  • Primary bedroom faces the ocean
  • Public Water Access

About This Home

As of June 2024

Rare Opportunity! Are you looking for an investment property with some rentals already on the books? Look no further. El Marlyn 3 is Cute as can be, completely renovated 2 bedroom 2 bath ocean front condo sits with 180 degree views of the Atlantic Ocean, it has its own little private beach area, ( perfect for kids to play in), before you go over the dune to the water. The unit has an oceanfront living room and bedroom, a galley kitchen ( no dishwasher ), and full bath off the hallway, then the back bedroom has access to a second bath that has a sink and toilet, and then that bathroom opens up to a laundry room that has a shower. That laundry room can be accessed from the hall, or from the bedroom/ half bath. Located in a great area with restaurants and shops close by, the condo will be fully furnished and is being sold exactly like it is. Don't let this Ocean City Dream rental property slip away.

Last Agent to Sell the Property

Deja Hagaman

Resort Real Estate Inc Listed on: 02/14/2024

Last Buyer's Agent

Deja Hagaman

Resort Real Estate Inc Listed on: 02/14/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,055

Year Built

  • Built in 1964

Lot Details

  • 100 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Public Beach
  • South Facing Home
  • Property is in very good condition

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Built-Up Roof
  • Rubber Roof
  • Aluminum Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 672 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Sliding Doors
  • Family Room Off Kitchen
  • Dining Area
  • Ocean Views

Kitchen

  • Galley Kitchen
  • Stove
  • <<microwave>>

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Paved Parking
  • Parking Lot
  • Surface Parking
  • Assigned Parking

Outdoor Features

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

Location

  • Flood Risk

Schools

  • Stephen Decatur High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 3
  • Assessor Parcel Number 2410205417

Community Details

Overview

  • Association fees include insurance, exterior building maintenance, sewer, trash, water
  • 6 Units
  • Low-Rise Condominium
  • El Marlyn Community

Amenities

  • Community Storage Space

Recreation

  • Beach

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,055

Year Built

Built in 1964

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Unit/Flat
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Rare Opportunity! Are you looking for an investment property with some rentals already on the books? Look no further. El Marlyn 3 is Cute as can be, completely renovated 2 bedroom 2 bath ocean front condo sits with 180 degree views of the Atlantic Ocean, it has its own little private beach area, ( perfect for kids to play in), before you go over the dune to the water. The unit has an oceanfront living room and bedroom, a galley kitchen ( no dishwasher ), and full bath off the hallway, then the back bedroom has access to a second bath that has a sink and toilet, and then that bathroom opens up to a laundry room that has a shower. That laundry room can be accessed from the hall, or from the bedroom/ half bath. Located in a great area with restaurants and shops close by, the condo will be fully furnished and is being sold exactly like it is. Don't let this Ocean City Dream rental property slip away.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Stove, Microwave
  • Entry Floor: 1
  • Flooring Type: Vinyl, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Galley, Primary Bedroom - Ocean Front
  • Fireplace: No
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pilings
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 672
  • Living Area Sq Ft: 672
  • Price Per Sq Ft: 677.08
  • Above Grade Finished Sq Ft: 672
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

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: Aluminum Siding, Stick Built
  • Exterior Features: Outside Shower
  • Road Surface Type: Black Top
  • Roof: Built-Up, Rubber
  • Spa: No
  • View: Ocean, Water
  • Water Access Features: Public Access, Public Beach
  • Water Access: Yes
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No
  • Parking Features: Limited Common Elements, Paved Parking, Surface
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 275.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Beach, Reserved/Assigned Parking, Storage Bin
  • HOA Condo Co-Op Fee Includes: Insurance, Ext Bldg Maint, Sewer, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: Yes

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • High School: STEPHEN DECATUR
  • High School Source: 3rd Party
  • School District Key: 121138066543
  • School District Source: 3rd Party
  • High School: STEPHEN DECATUR

Lot Info

  • Horses: No
  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony, Deck(s), Roof
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis, Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 2055.00
  • Assessor Parcel Number: 2410205417
  • Tax Lot: 3
  • Tax Total Finished Sq Ft: 672
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/15/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Jun 28, 2024
Sold by
Hoffman Robert J and Hoffman Sherry
Bought by
Brogan Craig
Seller's Agent
Deja Hagaman
Resort Real Estate Inc
Buyer's Agent
Deja Hagaman
Resort Real Estate Inc
List Price
$455,000
Sold Price
$425,000
Premium/Discount to List
-$30,000
-6.59%
Views
230
Current Estimated Value
$443,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,360
Avg. Annual Appreciation
3.92%
Original Mortgage
$340,000
Outstanding Balance
$337,442
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$105,918

Purchase Details

Closed on
Nov 13, 1986
Sold by
Peebles Richard M and Peebles Joyce M
Bought by
Hoffman Robert J and Hoffman Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
9.83%

Purchase Details

Closed on
Oct 15, 1981
Sold by
Sapperstein Gilbert
Bought by
Peebles Richard M and Peebles Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Interest Rate
18.63%
Source: Public Records

Range of Values:

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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
Brogan Craig $425,000 None Listed On Document
Hoffman Robert J $86,500 --
Peebles Richard M $58,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brogan Craig $340,000
Previous Owner Hoffman Robert J $299,000
Previous Owner Hoffman Robert J $46,000
Previous Owner Peebles Richard M $46,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2024 06/15/24 Sold $425,000 -6.6% $632 / Sq Ft
05/27/2024 05/27/24 For Sale $455,000 0.0% $677 / Sq Ft
05/08/2024 05/08/24 Off Market $455,000 -- --
05/07/2024 05/07/24 For Sale $455,000 0.0% $677 / Sq Ft
04/21/2024 04/21/24 Price Changed $455,000 -3.2% $677 / Sq Ft
02/14/2024 02/14/24 For Sale $470,000 -- $699 / 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
2024 $2,685 $192,400 $0 $0
2023 $2,055 $145,800 $102,000 $43,800
2022 $2,049 $145,800 $102,000 $43,800
2021 $2,060 $145,800 $102,000 $43,800
2020 $2,060 $145,800 $102,000 $43,800
2019 $2,074 $145,800 $102,000 $43,800
2018 $2,053 $145,800 $102,000 $43,800
2017 $2,060 $145,800 $0 $0
2016 -- $145,800 $0 $0
2015 $2,524 $145,800 $0 $0
2014 $2,524 $171,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2018934

Bright MLS

APN: 10-205417