NOT LISTED FOR SALE

505B Edgewater Ave Ocean City, MD 21842

Estimated Value: $831,624 - $1,176,000

4 Beds
3.5 Baths
1,932 Sq Ft
$531/Sq Ft Est. Value

Sale Details

Date Sold: July 9, 2021

Last sale price $860,000 $445 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,150 / mo

2 Days on Market

Highlights

  • Primary bedroom faces the bay
  • Home fronts navigable water
  • Private Beach
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • 5-minute walk to 3rd Street Playground

About This Home

As of July 2021

NO CONDO FEES, Here’s a unique opportunity to own an awesome townhome directly on the Bayfront on Edgewater Ave. Located between 5th and 6th streets this gem won’t last long. This 4 bed 3 ½ bath unit is indeed a rare find. It features a gas fireplace for those chilly evenings cozying up on the Bayfront. It also has a one car garage with ample private parking for two more vehicles. Pride of ownership shows in this home; it shows like new. Don’t miss this one.

Last Agent to Sell the Property

Troy Doyle

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC Listed on: 06/07/2021

Last Buyer's Agent

Katie Quinn

(410) 520-2600 ocwest@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #656189

Berkshire Hathaway HomeServices PenFed Realty-WOC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,042

Year Built

  • Built in 2011

Lot Details

  • 3,250 Sq Ft Lot
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Private Beach
  • Landscaped

Parking

  • 1 Car Direct Access Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Property Views

  • Bay
  • Panoramic

Home Design

  • Semi-Detached or Twin Home
  • Coastal Architecture
  • Entry on the 1st floor
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,932 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • 2 Fireplaces
  • Fireplace With Glass Doors
  • Electric Fireplace
  • Gas Fireplace
  • Combination Kitchen and Dining Room
  • Motion Detectors

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Bathroom

Laundry

  • Front Loading Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Powered Boats Permitted
  • Multiple Balconies
  • Exterior Lighting

Location

  • Flood Risk

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • 60+ Gallon Tank
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 10-768558

Community Details

Recreation

  • Fishing Allowed

Additional Features

  • No Home Owners Association
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,042

Year Built

Built in 2011

Lot Details

3,250 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • Exclusions: High Top Table w/3 Stools, Chest In Hallway, Personal Items
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-06-23
  • Federal Flood Zone: Yes
  • Year Built: 2011
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Front Loading, Oven/Range - Gas, Stainless Steel Appliances, Washer
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Kitchen - Eat-In, Primary Bedroom - Bay Front, Primary Bath(s)
  • Fireplace Features: Gas/Propane, Electric, Fireplace - Glass Doors
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1932
  • Living Area Sq Ft: 1932
  • Price Per Sq Ft: 439.91
  • Above Grade Finished Sq Ft: 1932
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting, Outside Shower, Private Beach, Street Lights
  • Roof: Shingle
  • View: Bay, Panoramic, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access
  • Water Access: Yes
  • Water Body Name: Assawoman
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Inside Access, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Heat Pump(s)
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: Motion Detectors, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaping
  • Lot Size Acres: 0.07
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3250.00
  • Outdoor Living Structures: Balconies- Multiple
  • Zoning: R-2
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 8373511
  • Tax Annual Amount: 7042.00
  • Assessor Parcel Number: 10-768558
  • 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
Jun 7, 2021
Closed on
Jul 9, 2021
Sold by
Harenza James A and Harenza Jill B
Bought by
Morris Robert W and Morris Stephanie J
Seller's Agent
Troy Doyle
Coastal Life Realty Group LLC
Buyer's Agent
Katie Quinn
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$849,900
Sold Price
$860,000
Premium/Discount to List
$10,100
1.19%
Current Estimated Value
$1,026,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,406
Avg. Annual Appreciation
3.77%
Original Mortgage
$688,000
Outstanding Balance
$624,825
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$401,581

Purchase Details

Closed on
Apr 16, 2015
Sold by
505 B Edgewater Avenue Llc
Bought by
Harenza James A and Harenza Jill B

Purchase Details

Closed on
Jul 5, 2014
Sold by
B Edgewater Avenue Llc
Bought by
Wyatt David Mitchell and Wyatt Tiffanyb

Purchase Details

Closed on
Oct 29, 2013
Sold by
Seaflare Llc
Bought by
Wyatt David Mitchell and Wyatt Tiffany B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morris Robert W $860,000 Capitol Title Group
Harenza James A $535,000 None Available
Wyatt David Mitchell -- None Available
Wyatt David Mitchell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Robert W $688,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2021 07/09/21 Sold $860,000 +1.2% $445 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $849,900 -- $440 / 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 $8,499 $622,400 $0 $0
2024 $7,871 $564,100 $0 $0
2023 $7,108 $505,800 $365,600 $140,200
2022 $7,074 $503,333 $0 $0
2021 $6,557 $500,867 $0 $0
2020 $6,316 $498,400 $365,600 $132,800
2019 $6,316 $474,300 $0 $0
2018 $6,017 $450,200 $0 $0
2017 $6,049 $426,100 $0 $0
2016 -- $426,100 $0 $0
2015 -- $426,100 $0 $0
2014 -- $457,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Troy Doyle

    Seller's Agent in 2021

    Troy Doyle

    Coastal Life Realty Group LLC

    (410) 726-9391

    20 in this area

    32 Total Sales

    Troy Doyle
    Section Image
  • Katie Quinn

    Buyer's Agent in 2021

    Katie Quinn

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 880-5022

    71 in this area

    107 Total Sales

    Katie Quinn
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO122960

Bright MLS

APN: 10-768558

Maryland Worcester County Ocean City 21842

505B Edgewater Ave, Ocean City, MD

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