NOT LISTED FOR SALE

504 Lark Ln Unit 8 Ocean City, MD 21842

Estimated Value: $257,623 - $309,000

2 Beds
1 Bath
672 Sq Ft
348 Sq Ft Lot

Sale Details

Date Sold: May 21, 2021

Last sale price $250,000 $372 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,933 / mo

8 Days on Market

Highlights

  • No Units Above
  • Coastal Architecture
  • Community Pool
  • Ocean City Elementary School Rated A
  • Furnished
  • Shuffleboard Court

About This Home

As of May 2021

This is a fully furnished 2 bedroom 1 bath condo thats sits behind Jolly rogers

Last Agent to Sell the Property

Bernice Flax

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #613711 Listed on: 04/08/2021

Last Buyer's Agent

Dawn Stewart

(410) 515-5300 belair@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,708

Year Built

  • Built in 1971 | Remodeled in 2018

Lot Details

  • No Units Above
  • 1 Common Wall
  • South Facing Home
  • Cleared Lot
  • Property is in excellent condition

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Entry on the 2nd floor
  • Frame Construction
  • Built-Up Roof

Interior Spaces

  • 672 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Combination Kitchen and Dining Room
  • Laminate Flooring
  • Stacked Washer and Dryer

Kitchen

  • Stove
  • Built-In Microwave
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 8
  • Assessor Parcel Number 10-058465

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, pool(s)
  • 8 Units
  • Low-Rise Community
  • Future I Condos
  • Future I Community

Recreation

  • Shuffleboard Court
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,708

Year Built

Built in 1971 | Remodeled in 2018

Lot Details

348 Sq Ft Lot

HOA Fees

$200 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
  • Exclusions: Items in Owners Closet
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Year Renovated: 2018
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Disposal, Stainless Steel Appliances, Washer/Dryer Stacked, Stove, Refrigerator
  • Entry Floor: 2
  • Flooring Type: Laminated
  • Interior Amenities: Combination Kitchen/Dining
  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 672
  • Living Area Sq Ft: 672
  • Price Per Sq Ft: 372.02
  • Above Grade Finished Sq Ft: 672
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Frame
  • Roof: Built-Up
  • 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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2400.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Future I
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Shuffleboard
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Pool(s)
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation 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

  • Horses: No
  • Lot Features: Cleared
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Total Actual Rent: 22000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5401954
  • Tax Annual Amount: 1708.00
  • Assessor Parcel Number: 10-058465
  • Tax Lot: 8
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 21, 2021
Sold by
Furbay Donald L and Furbay Ashley A
Bought by
Kerby Shelley A
Seller's Agent
Bernice Flax
Coastal Life Realty Group LLC
Buyer's Agent
Dawn Stewart
Berkshire Hathaway HomeServices PenFed Realty
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$281,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,656
Avg. Annual Appreciation
2.46%
Original Mortgage
$260,000
Outstanding Balance
$234,884
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$46,772

Purchase Details

Listed on
Jul 31, 2017
Closed on
Nov 1, 2017
Sold by
Costin Cecelia B
Bought by
Furbay Donald L and Furbay Ashley A
Seller's Agent
Scott Murrell
Coldwell Banker Realty
Buyer's Agent
Nancy Reither
Coldwell Banker Realty
List Price
$119,000
Sold Price
$105,000
Premium/Discount to List
-$14,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.68%
Original Mortgage
$84,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2003
Sold by
Vaughn John L
Bought by
Costin James F and Costin Cecelia

Purchase Details

Closed on
Dec 6, 2001
Sold by
Pearce Ralph C and Pearce Anna K
Bought by
Vaughn John L Sr

Purchase Details

Closed on
May 29, 1996
Sold by
Deck John C
Bought by
Pearce Ralph C and Pearce Anna K
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
Kerby Shelley A $250,000 Broadview Title
Furbay Donald L $105,000 None Available
Costin James F -- --
Vaughn John L Sr $46,000 --
Pearce Ralph C $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerby Shelley A $260,000
Previous Owner Furbay Donald L $84,000
Closed Pearce Ralph C --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2024 10/28/24 Off Market $1,650 -- --
09/25/2024 09/25/24 For Rent $1,650 0.0% --
05/21/2021 05/21/21 Sold $250,000 0.0% $372 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $250,000 +138.1% $372 / Sq Ft
11/01/2017 11/01/17 Sold $105,000 -11.8% $156 / Sq Ft View Prior Sale
10/04/2017 10/04/17 Pending -- -- --
07/30/2017 07/30/17 For Sale $119,000 -- $177 / 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 $2,752 $201,567 $0 $0
2024 $2,250 $161,233 $0 $0
2023 $1,699 $120,900 $60,400 $60,500
2022 $1,699 $120,900 $60,400 $60,500
2021 $1,708 $120,900 $60,400 $60,500
2020 $1,708 $120,900 $60,400 $60,500
2019 $1,666 $117,100 $0 $0
2018 $1,596 $113,300 $0 $0
2017 $1,555 $109,500 $0 $0
2016 $1,718 $109,500 $0 $0
2015 $1,718 $109,500 $0 $0
2014 $1,718 $117,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO121554

Bright MLS

APN: 10-058465

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