Seller's Agent in 2024
Jay Phillips
Holiday Real Estate
(410) 726-8631
20 in this area
132 Total Sales
507A Edgewater Ave Ocean City, MD 21842
Estimated Value: $1,346,000 - $1,711,000
3
Beds
5
Baths
2,916
Sq Ft
$534/Sq Ft
Est. Value
Highlights
- 50 Feet of Waterfront
- Primary bedroom faces the bay
- Fishing Allowed
- Ocean City Elementary School Rated A
- 2 Dock Slips
- 5-minute walk to 3rd Street Playground
About This Home
As of December 2024Experience the ultimate in luxury coastal living with this exceptional bayfront home, better than new and boasting breathtaking sunsets over the bay from every level. Enjoy expansive decks overlooking the serene bay, offering an ideal setting for relaxation and entertainment. Every inch of this home exudes elegance, featuring designer coastal finishes and top-quality furnishings. It shows with natural light through floor-to-ceiling windows and doors, adding an airy, open feel throughout. The gourmet chef's kitchen is equipped with a built-in gas stove, double wall oven, granite countertops and backsplash, center island, and custom cabinetry—perfect for the culinary enthusiast. With efficient geothermal heating and air conditioning, the home combines comfort with eco-friendly living. Boating enthusiasts will love the two deep-water slips, with one equipped with a new, remote-controlled 10,000 lb. boat lift, providing direct easy access to both the Bay and Ocean. The low-maintenance exterior is designed for coastal living, with a sleek metal roof adding to the home’s modern coastal appeal. This home is ideal for families or entertaining, the handcrafted bar and recreation room on the first deck level open directly to the dock, making indoor-outdoor living seamless. For fishing enthusiasts, the convenience of fishing right from your deck is pretty cool. In addition, its just a short stroll to the beach and boardwalk, yet tucked away, this home offers the perfect blend of convenience and tranquility. Combined with NO HOA fees, this is one of the premier coastal properties available, offering an exclusive opportunity to enjoy waterfront living at its finest.
Last Agent to Sell the Property
(410) 524-7700 jmilko@holidayoc.com Holiday Real Estate Listed on: 10/15/2024
Last Buyer's Agent
(410) 723-3600 blawrence.rma@gmail.com RE/MAX Advantage Realty License #RS-0019287
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $9,150
Year Built
- Built in 2013
Lot Details
- 2,276 Sq Ft Lot
- 50 Feet of Waterfront
- Home fronts navigable water
- Property Fronts a Bay or Harbor
Parking
- 2 Car Attached Garage
- 2 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
Home Design
- Semi-Detached or Twin Home
- Coastal Architecture
- Slab Foundation
- Metal Roof
- Stick Built Home
Interior Spaces
- 2,916 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Furnished
- Built-In Features
- Bar
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Family Room Off Kitchen
- Bay Views
Kitchen
- Gourmet Kitchen
- Double Oven
- Six Burner Stove
- Built-In Range
- Range Hood
- Built-In Microwave
- Ice Maker
- Dishwasher
- Wine Rack
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary bedroom faces the bay
- Walk-In Closet
Laundry
- Electric Dryer
- Washer
Outdoor Features
- Water Access
- Property near a bay
- Bulkhead
- Electric Hoist or Boat Lift
- Physical Dock Slip Conveys
- 2 Dock Slips
- Powered Boats Permitted
Utilities
- Heat Pump System
- Geothermal Heating and Cooling
- Water Dispenser
- Electric Water Heater
Additional Features
- Doors are 32 inches wide or more
- Flood Risk
Listing and Financial Details
- Tax Lot 11A
- Assessor Parcel Number 2410032962
Community Details
Overview
- No Home Owners Association
Recreation
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2024
Closed on
Dec 2, 2024
Sold by
Rowe Robert A and Rowe Karri N
Bought by
Rubino Family Revocable Trust and Rubino
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Chris Jett
RE/MAX Advantage Realty
List Price
$1,800,000
Sold Price
$1,800,000
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$243,391
Avg. Annual Appreciation
-10.27%
Original Mortgage
$900,000
Outstanding Balance
$892,826
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$663,783
Purchase Details
Listed on
Jul 7, 2021
Closed on
Sep 2, 2021
Sold by
Braun Melvin A and Braun Susan E
Bought by
Rowe Robert A and Rowe Karri N
Seller's Agent
Kevin Decker
Coastal Life Realty Group LLC
Buyer's Agent
Jay Phillips
Holiday Real Estate
List Price
$1,650,000
Sold Price
$1,390,000
Premium/Discount to List
-$260,000
-15.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%
Purchase Details
Closed on
Jun 7, 2013
Sold by
Braun Melvin and Braun Susan
Bought by
Olszewski Kevin T and Olszewski Victoria L
Purchase Details
Closed on
Sep 20, 2011
Sold by
Jones Russell B and Mumford Sharon
Bought by
Braun Melvin and Braun Susan
Purchase Details
Closed on
Sep 9, 2011
Sold by
Jones Russell B and Mumford Sharon
Bought by
Braun Melvin and Braun Susan
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rubino Family Revocable Trust | $1,800,000 | Ocean Investments Title | |
| Rowe Robert A | $1,390,000 | Ocean Investments Title Corp | |
| Olszewski Kevin T | $219,219 | None Available | |
| Braun Melvin | $400,000 | -- | |
| Braun Melvin | $400,000 | None Available | |
| Braun Melvin | $400,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rubino Family Revocable Trust | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2024 12/05/24 | Sold | $1,800,000 | 0.0% | $617 / Sq Ft | |
| 10/22/2024 10/22/24 | Pending | -- | -- | -- | |
| 10/15/2024 10/15/24 | For Sale | $1,800,000 | +29.5% | $617 / Sq Ft | |
| 09/03/2021 09/03/21 | Sold | $1,390,000 | -6.7% | $477 / Sq Ft | View Prior Sale |
| 08/10/2021 08/10/21 | Pending | -- | -- | -- | |
| 07/23/2021 07/23/21 | Price Changed | $1,490,000 | -9.7% | $511 / Sq Ft | |
| 07/07/2021 07/07/21 | For Sale | $1,650,000 | -- | $566 / 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 | $10,072 | $737,567 | $0 | $0 |
| 2024 | $9,122 | $653,733 | $0 | $0 |
| 2023 | $8,009 | $569,900 | $375,000 | $194,900 |
| 2022 | $7,970 | $567,100 | $0 | $0 |
| 2021 | $7,974 | $564,300 | $0 | $0 |
| 2020 | $7,654 | $561,500 | $375,000 | $186,500 |
| 2019 | $7,654 | $539,600 | $0 | $0 |
| 2018 | $7,291 | $517,700 | $0 | $0 |
| 2017 | $7,039 | $495,800 | $0 | $0 |
| 2016 | -- | $495,800 | $0 | $0 |
| 2015 | $2,380 | $495,800 | $0 | $0 |
| 2014 | $2,380 | $535,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Phillips
-
Chris Jett
Buyer's Agent in 2024
Chris Jett
RE/MAX
(443) 523-2360
129 in this area
175 Total Sales
-
Kevin Decker
Seller's Agent in 2021
Kevin Decker
Coastal Life Realty Group LLC
(443) 235-6552
114 in this area
290 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2026180
APN: 10-032962
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