NOT LISTED FOR SALE

5001 Atlantic Ave Unit 403 Ocean City, MD 21842

Estimated Value: $546,000 - $657,000

2 Beds
2 Baths
1,136 Sq Ft
$333/mo HOA Fee

Last Sold April 26, 2024

Last sale price $650,000 $572 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,055/month

74 Days on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Sandy Beach
  • Ocean City Elementary School Rated A
  • Beach
  • Public Water Access

About This Home

As of April 2024

Get ready to be swept away by the breathtaking views of the Atlantic! If you're a fan of sunrises over the ocean, you're going to fall head over heels for this unit. This beautifully renovated, 2-bedroom, 2-full bath condo is a gem in the heart of mid-town Ocean City, Maryland. The desirable Mooring Condo Building provides a perfect blend of oceanfront living and easy access to the town's vibrant amenities.
As you enter, you'll be greeted by a flawlessly maintained living space. The open-concept living room and dining area provide oceanfront views from every angle. A sliding door gives access to a balcony where you can immerse yourself to the sound of the crashing waves. The oceanfront primary bedroom has breathtaking views, a private bath, and balcony access. The second bedroom, spacious enough for two queen-size beds, offers bay views, creating an ideal retreat for guests or family. Adjacent to the 2nd bedroom is where you will find the updated hall bath. The well appointed kitchen features modern cabinets, newer appliances, a quartz countertop and a generously sized pantry. You have the convenience of in-unit laundry and additional storage. This immaculate unit is mere steps from the beach.
Enjoy your morning coffee on the oceanfront balcony as you take in the beautiful sunrise over the water. In the evening, unwind on the other side of the building and witness stunning sunsets with bay views – a truly magical experience. Don't miss the chance to own this fully furnished oceanfront oasis. Schedule your private tour today and make beach life a reality!
Upgrades to this absolutely spotless unit include the replacement of both sliding doors and bayside window, appliances, water heater (2016), HVAC (2016), storm door (2022). Building exterior to include balcony railings (2017), building roof (2019). The current owners have never rented this unit.
Seize the sunshine vibes! Buy this oceanfront condo now and get ready to soak up the summer fun!

Last Agent to Sell the Property

Vickie Fellner

(410) 218-2645 fellner.realtor@gmail.com Berkshire Hathaway HomeServices Homesale Realty License #674230 Listed on: 01/11/2024

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Chase Humphrey

(443) 783-4817 chase@humphreysheppard.com Sheppard Realty Inc License #671053

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,291

Year Built

  • Built in 1974

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • Property is in excellent condition

HOA Fees

  • $333 Monthly HOA Fees

Property Views

  • Ocean
  • Bay
  • Panoramic

Home Design

  • Coastal Architecture
  • Entry on the 4th floor
  • Masonry

Interior Spaces

  • 1,136 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed
  • Ramp on the main level

Outdoor Features

  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 403
  • Assessor Parcel Number 2410071429

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, trash
  • Mid-Rise Condominium
  • Mooring Community
  • Property has 5 Levels

Amenities

  • 1 Elevator

Recreation

  • Beach

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,291

Year Built

Built in 1974

Lot Details

0

HOA Fees

$333 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal, Unit/Flat
  • Accessibility Features: Elevator, Ramp - Main Level
  • Ownership: Condominium
  • Exclusions: Personal items. Some of the wall decor.
  • Inclusions: Condo is sold furnished with the exception of any personal items and some of the wall decor.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-01-11
  • Federal Flood Zone: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 4
  • Flooring Type: Ceramic Tile, Carpet
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Floor Plan - Open, Kitchen - Island, Pantry, Primary Bedroom - Ocean Front, Tub Shower, Upgraded Countertops, Primary Bath(s)
  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 5
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit, Has Laundry
  • Total Sq Ft: 1136
  • Living Area Sq Ft: 1136
  • Price Per Sq Ft: 572.18
  • Above Grade Finished Sq Ft: 1136
  • 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: Masonry, Block
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • View: Ocean, Water, Bay, Panoramic
  • Water Access Features: Swimming Allowed, Public Beach, Public Access
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 1

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • 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: 1000.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Beach, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4291.00
  • Assessor Parcel Number: 2410071429
  • Tax Lot: 403
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Apr 26, 2024
Sold by
Dodge Jeffrey and Dodge Deborah
Bought by
Mcgovern Lauren M and Mcgovern Scott C
Seller's Agent
Vickie Fellner
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Chase Humphrey
Sheppard Realty Inc
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%
Views
124
Current Estimated Value
$615,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,396
Avg. Annual Appreciation
-3.24%
Original Mortgage
$520,000
Outstanding Balance
$512,512
Interest Rate
6.74%
Mortgage Type
Construction
Estimated Equity
$103,092

Purchase Details

Closed on
Mar 4, 2016
Sold by
Citibank Na
Bought by
Dodge Jeffrey and Dodge Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2014
Sold by
Wiskman Lonnie
Bought by
Citibank Na

Purchase Details

Closed on
Dec 29, 2005
Sold by
Salmon James F
Bought by
Lonnie Wiskman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.84%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 15, 2003
Sold by
Breakiron Chanda D
Bought by
Salmon James F and Salmon Lucinda A

Purchase Details

Closed on
Sep 6, 2001
Sold by
Siegel Sheldon M
Bought by
Breakiron Chanda D
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
Mcgovern Lauren M $650,000 Resort Land Title
Dodge Jeffrey $300,000 None Available
Citibank Na $346,500 None Available
Lonnie Wiskman $540,000 --
Salmon James F $375,000 --
Breakiron Chanda D $243,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgovern Lauren M $520,000
Previous Owner Dodge Jeffrey $240,000
Previous Owner Lonnie Wiskman $54,000
Closed Breakiron Chanda D --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2024 04/26/24 Sold $650,000 0.0% $572 / Sq Ft
02/12/2024 02/12/24 Price Changed $650,000 -3.7% $572 / Sq Ft
01/11/2024 01/11/24 For Sale $675,000 -- $594 / 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 $5,843 $427,867 $0 $0
2024 $5,109 $366,133 $0 $0
2023 $4,278 $304,400 $213,000 $91,400
2022 $4,278 $304,400 $213,000 $91,400
2021 $4,301 $304,400 $213,000 $91,400
2020 $4,301 $304,400 $213,000 $91,400
2019 $4,330 $304,400 $213,000 $91,400
2018 $4,287 $304,400 $213,000 $91,400
2017 $4,573 $323,700 $0 $0
2016 -- $323,700 $0 $0
2015 $4,853 $323,700 $0 $0
2014 $4,853 $323,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2018048

Bright MLS

APN: 10-071429