NOT LISTED FOR SALE

508 Lark Ln Ocean City, MD 21842

Estimated Value: $333,866 - $437,000

3 Beds
2 Baths
1,100 Sq Ft
479 Sq Ft Lot Lot

Sale Details

Date Sold: December 7, 2020

Last sale price $315,000 $286 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,509 / mo

5 Days on Market

Highlights

  • Penthouse
  • Water Oriented
  • Main Floor Bedroom
  • Ocean City Elementary School Rated A
  • Bay View
  • Upgraded Countertops

About This Home

As of December 2020

Completely renovated property inside & out! Beautiful unobstructed views of the bay with incredible sunsets. Four decks from both the lower and upper levels. This is a 3 bedroom, 2 full bath townhouse with a full size kitchen and sleeping for 8 to 10 people. Can't wait for you to see this one!! Beautiful décor. 2 parking spaces in lot and all new furniture from Macy's!! Close walking distance to the beach, and restaurants! Highly sought out 5 star rental on VRBO.

Last Agent to Sell the Property

Dale Hevesy

(410) 803-0714 dhevesy@garceaurealty.com Garceau Realty Listed on: 10/29/2020

Garceau Realty

Last Buyer's Agent

Michele & Stuart Schmidt

(410) 729-7700 mrphippen@gmail.com Keller Williams Flagship License #641324

Keller Williams Flagship

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,549

Year Built

  • Built in 1986 | Remodeled in 2018

Lot Details

  • Property is in excellent condition

HOA Fees

  • $225 Monthly HOA Fees

Home Design

  • Penthouse
  • Entry on the 3rd floor

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Fireplace
  • Living Room
  • Dining Room
  • Carpet
  • Bay Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Water Oriented
  • Property near a bay
  • Multiple Balconies

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 305
  • Assessor Parcel Number 10-300266

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, snow removal
  • Low-Rise Community
  • Breezy Point Condo Assoc Condos, Phone Number (443) 783-2441
  • Breezy Point Community

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,549

Year Built

Built in 1986 | Remodeled in 2018

Lot Details

479 Sq Ft Lot

HOA Fees

$225 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Inclusions: All Furniture and accessories included.
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-10-29
  • Federal Flood Zone: No
  • Year Built: 1986
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 3
  • Flooring Type: Carpet
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Upgraded Countertops
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: No
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Price Per Sq Ft: 300.00
  • Above Grade Finished Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Spa: No
  • View: Bay
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 225.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Breezy Point Condo Assoc
  • Condo Co-Op Phone: 443-783-2441
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Snow Removal
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Excellent
  • Zoning: R-2
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5422598
  • Tax Annual Amount: 2549.00
  • Assessor Parcel Number: 10-300266
  • Tax Lot: 305
  • 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

Closed on
Mar 3, 2021
Sold by
Hash Matthew S and Charlton Jason M
Bought by
508 Lark Lane 305 Llc
Current Estimated Value
$386,467

Purchase Details

Listed on
Oct 29, 2020
Closed on
Dec 8, 2020
Sold by
Rr Projects & Design Llc
Bought by
Hash Matthew S and Charlton Jason M
Seller's Agent
Dale Hevesy
Garceau Realty
Buyer's Agent
Michele & Stuart Schmidt
Keller Williams Flagship
List Price
$330,000
Sold Price
$315,000
Premium/Discount to List
-$15,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%
Original Mortgage
$283,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2017
Sold by
Bogdan Matthew C and Bogdan Michael J
Bought by
Rr Projects & Design Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2004
Sold by
Generations Resort
Bought by
Bogdan Matthew C and Bogdan Michael J

Purchase Details

Closed on
Dec 21, 2004
Sold by
Generations Resort
Bought by
Bogdan Matthew C and Bogdan Michael J

Purchase Details

Closed on
Jan 22, 2002
Sold by
Barzal Walter J and Barzal Brenda F
Bought by
Generations Resort and Properties Inc

Purchase Details

Closed on
Nov 25, 1986
Sold by
Eagle's Landing Development
Bought by
Barzal Walter J and Barzal Brenda F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Interest Rate
9.64%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
508 Lark Lane 305 Llc -- None Available
Hash Matthew S $315,000 Lakeside Title Company
Rr Projects & Design Llc $177,000 Residential Title & Escrow
Bogdan Matthew C $218,000 --
Bogdan Matthew C $218,000 --
Generations Resort $132,500 --
Barzal Walter J $83,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hash Matthew S $283,500
Previous Owner Rr Projects & Design Llc $136,500
Previous Owner Barzal Walter J $75,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $315,000 -4.5% $286 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $330,000 -- $300 / 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 $2,824 $206,800 $0 $0
2024 $2,701 $193,600 $0 $0
2023 $2,543 $180,400 $90,200 $90,200
2022 $2,535 $180,400 $90,200 $90,200
2021 $2,549 $180,400 $90,200 $90,200
2020 $2,566 $180,400 $90,200 $90,200
2019 $2,566 $180,400 $90,200 $90,200
2018 $2,541 $180,400 $90,200 $90,200
2017 $2,462 $180,400 $0 $0
2016 -- $173,433 $0 $0
2015 $2,323 $166,467 $0 $0
2014 $2,323 $159,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO118064

Bright MLS

APN: 10-300266

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