NOT LISTED FOR SALE

501 Edgewater Ave Unit 201 Ocean City, MD 21842

Ocean City Area

Estimated Value: $859,087 - $980,000

3 Beds
3.5 Baths
2,148 Sq Ft
5,314 Sq Ft Lot

Sale Details

Date Sold: November 8, 2021

Last sale price $825,000 $384 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,294 / mo

138 Days on Market

Highlights

  • 2,148 Feet of Waterfront
  • Primary bedroom faces the bay
  • Access to Tidal Water
  • Ocean City Elementary School Rated A
  • Private Dock Site
  • 4-minute walk to 3rd Street Playground

About This Home

As of November 2021

This is a MUST SEE property as one of Ocean City's premier Bay front properties with one of the largest wraparound Southern exposure balconies. Enjoy the gorgeous sunsets while relaxing in the four person hot tub or at the four person pub table. Cozy up to one of the two natural gas fireplaces during the cooler temperatures. Feel secure using the private entrance off the elevator directly to the entrance of the unit. The three large bedrooms each with their own full baths will accommodate a large family or entertainment of guests. The main bedroom is Bayfront with a walk in closet, whirlpool hot tub and it's own fireplace. This property has a private deep water deeded slip which will accommodate a large power or sail boat. The property is fully furnished in a tropical motif including a wall mounted, lighted cascading water fall on a slate facing and a large wall mirror accented with beautifully carved tropical plants. Your kitchen area has all stainless steel appliances and an extra large two level serving and dining island, spacious enough to allow 4 persons in their tropical swivel seats. The East facing bedroom is fully accessible with a roll-in shower in it's own private bath. A truly tropical feeling of paradise will make your time at the beach one of the most relaxing of your stay in Ocean City.

Last Agent to Sell the Property

Rosa Tyre

(410) 237-7099 rosa52g@comcast.net WRBR, LLC License #616954 Listed on: 05/13/2021

Co-Listed By

Bruce Ruark

(410) 742-0300 bruceruark@comcast.net Kelark Real Estate

Last Buyer's Agent

Jennifer Ciorrocco

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #676479

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,526

Year Built

  • Built in 2005

Lot Details

  • 2,148 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Picket Fence
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $633 Monthly HOA Fees

Parking

  • 1 Assigned Parking Garage Space

Property Views

  • Bay
  • Panoramic

Home Design

  • Entry on the 2nd floor
  • Metal Roof
  • Dryvit Stucco

Interior Spaces

  • 2,148 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Corner Fireplace
  • Heatilator
  • Fireplace With Glass Doors
  • Marble Fireplace
  • Stone Fireplace
  • Double Hung Windows
  • Sliding Windows
  • Window Screens
  • Six Panel Doors
  • Combination Kitchen and Dining Room
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary bedroom faces the bay
  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Electric Front Loading Dryer
  • Front Loading Washer

Home Security

Accessible Home Design

  • Accessible Elevator Installed
  • Roll-in Shower
  • Roll-under Vanity
  • Grab Bars
  • Halls are 48 inches wide or more
  • Low Closet Rods
  • Mobility Improvements
  • Modifications for wheelchair accessibility
  • Doors with lever handles
  • No Interior Steps
  • Level Entry For Accessibility

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Private Water Access
  • Property near a bay
  • Rip-Rap
  • Private Dock Site
  • Powered Boats Permitted
  • Balcony
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Location

  • Flood Risk

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Vented Exhaust Fan
  • 220 Volts
  • High-Efficiency Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 201
  • Assessor Parcel Number 10-439884

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, lawn maintenance, management, pier/dock maintenance, reserve funds, taxes, trash
  • South Bay Condos
  • South Bay I Community
  • Property Manager

Recreation

  • Fishing Allowed

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Fire Escape

Amenities

  • 1 Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,526

Year Built

Built in 2005

Lot Details

5,314 Sq Ft Lot

HOA Fees

$633 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Accessibility Features: 48"+ Halls, Doors - Lever Handle(s), Elevator, Grab Bars Mod, Level Entry - Main, Low Closet Rods, Mobility Improvements, No Stairs, Roll-In Shower, Roll-Under Vanity, Wheelchair Mod
  • Ownership: Condominium
  • Exclusions: all personal effects and painted bookcase in laundry room
  • Historic: No
  • Home Warranty: No
  • Inclusions: all furniture (bedroom sets, dining room set, living room set)
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Exhaust Fan, Icemaker, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Water Heater - High-Efficiency, Cooktop
  • Entry Floor: 2
  • Flooring Type: Ceramic Tile
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Crown Moldings, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Pantry, Primary Bedroom - Bay Front, Primary Bath(s), Recessed Lighting, Sprinkler System, Stall Shower, Walk-In Closet(s), Wet/Dry Bar, Whirlpool/Hottub, Window Treatments, Breakfast Area
  • Window Features: Screens, Sliding, Double Hung
  • Fireplace Features: Corner, Fireplace - Glass Doors, Heatilator, Marble, Stone, Other
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Six Panel
  • Elevators Count: 1
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2148
  • Living Area Sq Ft: 2148
  • Price Per Sq Ft: 407.31
  • Above Grade Finished Sq Ft: 2148
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Dryvit
  • Exterior Features: Exterior Lighting, Fire Escape, Gutter System, Hot Tub, Outside Shower, Secure Storage, Street Lights
  • Roof: Metal
  • View: Bay, Panoramic
  • Water Access Features: Boat - Powered, Fishing Allowed, Private Access
  • Water Access: Yes
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 2148

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Previous Twelve Months Electric Expense: 696.00
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Fire Detection System, Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Previous Twelve Months: 852.00
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1900.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: South Bay
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pier/Dock Maintenance, Reserve Funds, Taxes, Trash
  • HOA: No
  • Senior Community: 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
  • Fencing: Picket
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL CONDOMINIUM
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5432463
  • Tax Annual Amount: 6526.00
  • Assessor Parcel Number: 10-439884
  • Tax Lot: 201
  • Tax Page Number: 00442
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Nov 8, 2021
Sold by
Bought by
Seller's Agent
Rosa Tyre
WRBR, LLC
Buyer's Agent
Jennifer Ciorrocco
Coastal Life Realty Group LLC
List Price
$849,900
Sold Price
$825,000
Premium/Discount to List
-$24,900
-2.93%
Current Estimated Value
$929,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,272
Avg. Annual Appreciation
2.54%

Purchase Details

Closed on
Jun 4, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.01%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean City, MD

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$825,000 Real Estate Title & Escrow
$726,600 --
-- --
$865,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $130,700
Previous Owner $525,000
Previous Owner $400,000
Previous Owner $300,000
Previous Owner $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/08/2021 11/08/21 Sold $825,000 -5.7% $384 / Sq Ft
09/21/2021 09/21/21 Price Changed $874,900 +2.9% $407 / Sq Ft
09/20/2021 09/20/21 For Sale $849,900 +3.0% $396 / Sq Ft
09/17/2021 09/17/21 Off Market $825,000 -- --
07/30/2021 07/30/21 Price Changed $849,900 -5.1% $396 / Sq Ft
05/13/2021 05/13/21 For Sale $895,900 -- $417 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,643 $640,800 $0 $0
2024 $6,612 $551,300 $0 $0
2023 $6,490 $461,800 $230,900 $230,900
2022 $6,490 $461,800 $230,900 $230,900
2021 $6,526 $461,800 $230,900 $230,900
2020 $6,763 $483,300 $241,600 $241,700
2019 $6,763 $475,400 $0 $0
2018 $6,538 $467,500 $0 $0
2017 $6,434 $459,600 $0 $0
2016 $9,747 $453,167 $0 $0
2015 $6,599 $446,733 $0 $0
2014 $6,599 $440,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO122378

Bright MLS

APN: 10-439884

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