NOT LISTED FOR SALE

502 142nd St Ocean City, MD 21842

Estimated Value: $220,000 - $253,000

1 Bed
1 Bath
672 Sq Ft
$175/mo HOA Fee

Last Sold November 28, 2018

Last sale price $113,000 $168 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $1,560/month

Highlights

  • Community Pool
  • Level Entry For Accessibility
  • Property is in very good condition
  • Ocean City Elementary School Rated A
  • East Facing Home
  • Carpet

About This Home

As of November 2018

Motivated Seller!! Adorable 1 bedroom, 1 bath condo in North Ocean City! Hialeah Park is located in the Caine Woods neighborhood and features an outdoor pool and storage shed! New carpet, paint, subway tile backsplash and Core-Tec flooring make this property ready to go! Close to movies, shopping, restaurants and a short walk to the beach! If you're looking for an affordable place at the beach this is the one!

Last Agent to Sell the Property

DAVE LEIDERMAN

(443) 235-3828 ocledo@gmail.com Keller Williams Realty Listed on: 07/11/2018

Keller Williams Realty

Last Buyer's Agent

Steve Mastbrook

(302) 604-2694 steve.mastbrook@longandfoster.com Long & Foster Real Estate, Inc. License #RS0021087

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,575

Year Built

  • Built in 1986

Lot Details

  • 1 Common Wall
  • East Facing Home
  • Property is in very good condition

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 672 Sq Ft Home
  • Property has 1 Level
  • Carpet

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Level Entry For Accessibility

Schools

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

Utilities

  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7261A
  • Assessor Parcel Number 10-297974

Community Details

Overview

  • Association fees include exterior building maintenance, management, pool(s), reserve funds, trash
  • Low-Rise Condominium
  • Hialeah Park Condo Association Condos
  • Hialeah Park Community
  • Caine Woods Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,575

Year Built

Built in 1986

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • Federal Flood Insurance: Unknown
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2018-07-11
  • Federal Flood Zone: No
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Flooring Type: Carpet
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 672
  • Living Area Sq Ft: 672
  • Price Per Sq Ft: 177.08
  • Above Grade Finished Sq Ft: 672
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Roof: Pitched
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2100.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Hialeah Park Condo Association
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Management, Pool(s), Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Fee Information

  • Loss Mitigation 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Units: Square Feet
  • Property Condition: Very Good
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5422393
  • Tax Annual Amount: 1575.00
  • Assessor Parcel Number: 10-297974
  • Tax Lot: 7261A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2018
Closed on
Nov 28, 2018
Sold by
Paulpat Llc
Bought by
Mcdonald Lynda G and Mcdonald Daniel Wayne
Seller's Agent
DAVE LEIDERMAN
Keller Williams Realty
Buyer's Agent
Steve Mastbrook
Long & Foster Real Estate, Inc.
List Price
$119,000
Sold Price
$113,000
Premium/Discount to List
-$6,000
-5.04%
Current Estimated Value
$233,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,401
Avg. Annual Appreciation
11.05%
Original Mortgage
$90,400
Outstanding Balance
$79,644
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$153,757

Purchase Details

Closed on
Jan 17, 2015
Sold by
Krawczyk James Paul and Krawczyk Patricia Ann
Bought by
Paulpat Llc

Purchase Details

Closed on
Jan 10, 2006
Sold by
Runk R M and Runk Y M
Bought by
Krawczyk James P and Krawczyk Patricia A

Purchase Details

Closed on
Dec 29, 2005
Sold by
Runk R M and Runk Y M
Bought by
Krawczyk James P and Krawczyk Patricia A

Purchase Details

Closed on
Sep 28, 2005
Sold by
Denhardt Eugene C and Denhardt Jacqueline
Bought by
Runk Runk Randy M Randy M and Runk Eve T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2002
Sold by
Goldberg Morton H and Goldberg Elaine B
Bought by
Denhardt Eugene C and Denhardt Jacqueline
Source: Public Records

Range of Values:

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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
Mcdonald Lynda G $113,000 Sage Title Group Llc
Paulpat Llc -- None Available
Krawczyk James P $199,900 --
Krawczyk James P $199,900 --
Runk Runk Randy M Randy M $189,900 --
Denhardt Eugene C $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonald Lynda G $90,400
Previous Owner Runk Runk Randy M Randy M $151,900
Closed Denhardt Eugene C --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2018 11/28/18 Sold $113,000 -5.0% $168 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $119,000 -- $177 / 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 $1,957 $143,333 $0 $0
2024 $1,797 $128,767 $0 $0
2023 $1,605 $114,200 $57,100 $57,100
2022 $1,605 $114,200 $57,100 $57,100
2021 $1,614 $114,200 $57,100 $57,100
2020 $1,614 $114,200 $57,100 $57,100
2019 $1,612 $113,300 $0 $0
2018 $1,583 $112,400 $0 $0
2017 $1,583 $111,500 $0 $0
2016 -- $111,500 $0 $0
2015 $1,774 $111,500 $0 $0
2014 $1,774 $119,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002014850

Bright MLS

APN: 10-297974