NOT LISTED FOR SALE

509 Penguin Dr Unit 1030C Ocean City, MD 21842

Estimated Value: $348,000 - $443,000

2 Beds
2 Baths
1,080 Sq Ft
$225/mo HOA Fee

Last Sold February 22, 2019

Last sale price $232,500 $215 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,590/month

Highlights

  • Primary bedroom faces the bay
  • Home fronts navigable water
  • Bay View
  • Ocean City Elementary School Rated A
  • Water Access
  • Open Floorplan

About This Home

As of February 2019

You can have it all, price, view, location, size & amenities! Over 1k square feet, 2 bed 2 bath condo with updated kitchen and flooring. Huge balcony overlooks wide canal and has access from both living and master bedroom. First floor condo & even has storage unit for beach toys. Pool, tennis courts, insurance, exterior maintenance & huge parking lot all covered with low condo fee. Quiet mid town location, yet so close to everything! Make your appointment today! This unit does not have a deeded slip.

Last Agent to Sell the Property

Katie Quinn

(443) 880-5022 katiesellsoc@gmail.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #656189 Listed on: 09/05/2018

Berkshire Hathaway HomeServices PenFed Realty-WOC

Co-Listed By

Linda Moran

(443) 614-2261 linda.moran@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #52961

Last Buyer's Agent

Tony Prochazka

(443) 856-5007 tony@shore4home.com Shore 4U Real Estate License #647894

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,547

Year Built

  • Built in 1973 | Remodeled in 2018

HOA Fees

  • $225 Monthly HOA Fees

Property Views

  • Bay
  • Canal

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home
  • Asphalt

Interior Spaces

  • 1,080 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the bay
  • 2 Full Bathrooms

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Water Access
  • Property is near a canal
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • 120/240V
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Tax Lot 4469
  • Assessor Parcel Number 10-062470

Community Details

Overview

  • Association fees include trash, pool(s), reserve funds, common area maintenance, exterior building maintenance, insurance, lawn maintenance, management
  • Low-Rise Condominium
  • Sandy Lane Estates Community
  • Property Manager

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,547

Year Built

Built in 1973 | Remodeled in 2018

Lot Details

0

HOA Fees

$225 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: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Year Renovated: 2018
  • Remarks Public: You can have it all, price, view, location, size & amenities! Over 1k square feet, 2 bed 2 bath condo with updated kitchen and flooring. Huge balcony overlooks wide canal and has access from both living and master bedroom. First floor condo & even has storage unit for beach toys. Pool, tennis courts, insurance, exterior maintenance & huge parking lot all covered with low condo fee. Quiet mid town location, yet so close to everything! Make your appointment today! This unit does not have a deeded slip.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Microwave, Disposal, Icemaker, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Laminated, Partially Carpeted
  • Interior Amenities: Entry Level Bedroom, Floor Plan - Open, Primary Bedroom - Bay Front, Window Treatments, Ceiling Fan(s)
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Storm
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1080
  • Living Area Sq Ft: 1080
  • Price Per Sq Ft: 212.87
  • Above Grade Finished Sq Ft: 1080
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 509

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asphalt, Frame, Stick Built, Vinyl Siding
  • Exterior Features: Exterior Lighting, Tennis Court(s), Secure Storage
  • Roof: Shingle, Asphalt
  • View: Canal, Bay
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Paved Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2700.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Trash, Pool(s), Reserve Funds, Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • 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
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2017
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5402275
  • Tax Annual Amount: 2547.00
  • Assessor Parcel Number: 10-062470
  • Tax Lot: 4469
  • Tax Total Finished Sq Ft: 1080
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 02/22/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Feb 22, 2019
Sold by
Bloodsworth Kimberly J
Bought by
Tomasic Thomas M and Tomasic Abby L
Seller's Agent
Katie Quinn
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Tony Prochazka
Shore 4U Real Estate
List Price
$235,000
Sold Price
$232,500
Premium/Discount to List
-$2,500
-1.06%
Current Estimated Value
$390,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,810
Avg. Annual Appreciation
8.13%
Original Mortgage
$209,250
Outstanding Balance
$183,593
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$206,717

Purchase Details

Closed on
Mar 30, 2017
Sold by
Neukum Pamela Carol and Neukum Henry J
Bought by
Bloodsworth Kimberly Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,850
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 7, 2003
Sold by
Daniel James G and Daniel Dorothy M
Bought by
Barry Burgan Elwood and Burgan Anne M

Purchase Details

Closed on
Sep 28, 1989
Sold by
Baker Kenneth B
Bought by
Daniel James G and Daniel Dorothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
10.03%
Source: Public Records

Range of Values:

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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
Tomasic Thomas M $232,500 Dba Real Estate Title & Escr
Bloodsworth Kimberly Jean $223,000 Capitol Title Ins Agency Inc
Barry Burgan Elwood $235,000 --
Daniel James G $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tomasic Thomas M $209,250
Previous Owner Bloodsworth Kimberly Jean $211,850
Previous Owner Daniel James G $72,000
Closed Barry Burgan Elwood --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2019 02/22/19 Sold $232,500 +1.1% $215 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
10/19/2018 10/19/18 Price Changed $229,900 -2.2% $213 / Sq Ft
09/05/2018 09/05/18 For Sale $235,000 -- $218 / 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 $3,541 $291,600 $0 $0
2024 $3,541 $253,800 $0 $0
2023 $3,036 $216,000 $108,000 $108,000
2022 $3,036 $216,000 $108,000 $108,000
2021 $3,052 $216,000 $108,000 $108,000
2020 $3,052 $216,000 $108,000 $108,000
2019 $2,627 $204,100 $0 $0
2018 $2,627 $192,200 $0 $0
2017 $2,560 $180,300 $0 $0
2016 -- $180,300 $0 $0
2015 -- $180,300 $0 $0
2014 $2,696 $194,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katie Quinn

    Seller's Agent in 2019

    Katie Quinn

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 880-5022

    89 in this area

    124 Total Sales

    Katie Quinn
    Section Image
  • Linda Moran

    Seller Co-Listing Agent in 2019

    Linda Moran

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 614-2261

    31 in this area

    70 Total Sales

    Linda Moran
    Section Image
  • Tony Prochazka

    Buyer's Agent in 2019

    Tony Prochazka

    Shore 4U Real Estate

    (443) 856-5007

    3 in this area

    6 Total Sales

    Tony Prochazka
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002143166

Bright MLS

APN: 10-062470

Maryland Worcester County Ocean City 21842

509 Penguin Dr Unit 1030C, Ocean City, MD

This home is located at 509 Penguin Dr Unit 1030C, Ocean City, MD 21842 since 05 September 2018 and is currently estimated at $390,310, approximately $361 per square foot. This property was built in 1973. 509 Penguin Dr Unit 1030C is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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