NOT LISTED FOR SALE

52 Island Edge Dr Unit 52N Ocean City, MD 21842

Estimated Value: $864,000 - $912,000

5 Beds
4.5 Baths
2,378 Sq Ft
$369/Sq Ft Est. Value

Last Sold August 10, 2019

Last sale price $532,500 $224 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,905/month

Highlights

  • Beach
  • Pier or Dock
  • Gourmet Kitchen
  • Ocean City Elementary School Rated A
  • Fitness Center
  • Gated Community

About This Home

As of August 2019

Come & experience the easy pace of a Sunset Island vacation! 52 Island Edge Dr. Is a well-appointed, 5-BR, 4.5-BA town home in one of Ocean City's finest resorts. Located just a 1/2-block from the Pools, Cafe, Clubhouse & Private Bayfront Beach, this property is not only convenient, but also very comfortable. Spacious open floor plan features Gourmet Kitchen, Dining Area & Living Room that lead out to Balconies on either end - perfect for entertaining & relaxing together. Additional luxuries include , high-end appliances, soaking tub in Master Bath, Washer/Dryer, and 4 graceful Balconies with partial views of the Bay. Would make a great investment property or second beach home! Must honor existing rentals.

Last Agent to Sell the Property

Terry Riley

(443) 880-0512 terry@sunsetisland.net RE/MAX Advantage Realty Listed on: 05/24/2019

RE/MAX Advantage Realty

Last Buyer's Agent

Joe Preston

(301) 613-5084 wjoepjr@gmail.com RE/MAX Town Center License #631409

RE/MAX Town Center

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,460

Year Built

  • Built in 2004

HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage

Home Design

  • Coastal Architecture
  • Aluminum Siding

Interior Spaces

  • 2,378 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Window Treatments
  • Combination Kitchen and Dining Room

Kitchen

  • Gourmet Kitchen
  • Double Oven
  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Fountains
  • Exterior Lighting

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 6684
  • Assessor Parcel Number 10-425670

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, pier/dock maintenance, pool(s), security gate, snow removal
  • Sunset Island Subdivision

Amenities

  • Clubhouse
  • Convenience Store

Recreation

  • Pier or Dock
  • Beach
  • Fitness Center
  • Community Indoor Pool
  • Jogging Path

Security

  • Security Service
  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,460

Year Built

Built in 2004

Lot Details

0

HOA Fees

$563 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2004
  • Remarks Public: Come & experience the easy pace of a Sunset Island vacation! 52 Island Edge Dr. Is a well-appointed, 5-BR, 4.5-BA town home in one of Ocean City's finest resorts. Located just a 1/2-block from the Pools, Cafe, Clubhouse & Private Bayfront Beach, this property is not only convenient, but also very comfortable. Spacious open floor plan features Gourmet Kitchen, Dining Area & Living Room that lead out to Balconies on either end - perfect for entertaining & relaxing together. Additional luxuries include , high-end appliances, soaking tub in Master Bath, Washer/Dryer, and 4 graceful Balconies with partial views of the Bay. Would make a great investment property or second beach home! Must honor existing rentals.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Oven - Double, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Crown Moldings, Dining Area, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Upgraded Countertops, Window Treatments
  • Fireplace: No
  • Levels Count: 3+
  • Basement: No
  • Total Sq Ft: 2378
  • Living Area Sq Ft: 2378
  • Price Per Sq Ft: 235.45
  • Above Grade Finished Sq Ft: 2378
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 52

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Exterior Lighting, Street Lights, Water Fountains
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Monthly Water Average: 77
  • Water Previous Twelve Months: 924.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 3150.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3600.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach, Club House, Convenience Store, Fitness Center, Gated Community, Jog/Walk Path, Pier/Dock, Pool - Indoor, Pool - Outdoor, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Pier/Dock Maintenance, Pool(s), Security Gate, Snow Removal
  • HOA: Yes
  • Senior Community: 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

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5431836
  • Tax Annual Amount: 7460.00
  • Assessor Parcel Number: 10-425670
  • Tax Lot: 6684
  • Tax Total Finished Sq Ft: 2378
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 08/10/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Aug 10, 2019
Sold by
Wong Michael C and Zorzi Mary Elizabeth
Bought by
Lee Chung Hee
Seller's Agent
Terry Riley
RE/MAX Advantage Realty
Buyer's Agent
Joe Preston
RE/MAX Town Center
List Price
$559,900
Sold Price
$532,500
Premium/Discount to List
-$27,400
-4.89%
Current Estimated Value
$877,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,902
Avg. Annual Appreciation
8.39%

Purchase Details

Closed on
May 16, 2011
Sold by
Douglas Duncan A
Bought by
Wong Michael C and Zorzi Mary Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2011
Sold by
Douglas Duncan A
Bought by
Wong Michael C and Zorzi Mary Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2004
Sold by
Nvr Inc
Bought by
Douglas Duncan A
Source: Public Records

Range of Values:

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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
Lee Chung Hee $532,500 Core Title Group Llc
Wong Michael C $515,000 --
Wong Michael C $515,000 Brennan Title Company
Wong Michael C $515,000 --
Douglas Duncan A $597,480 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Michael C $386,250
Previous Owner Wong Michael C $386,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2019 08/10/19 Sold $532,500 -4.9% $224 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $559,900 -- $235 / 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 $8,445 $686,067 $0 $0
2024 $8,445 $605,233 $0 $0
2023 $7,370 $524,400 $262,200 $262,200
2022 $7,370 $524,400 $262,200 $262,200
2021 $7,410 $524,400 $262,200 $262,200
2020 $7,409 $524,400 $262,200 $262,200
2019 $7,460 $524,400 $262,200 $262,200
2018 $7,386 $524,400 $262,200 $262,200
2017 $7,163 $529,100 $0 $0
2016 -- $504,533 $0 $0
2015 $5,693 $479,967 $0 $0
2014 $5,693 $455,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Terry Riley

    RE/MAX

    (443) 880-0512

    159 in this area

    200 Total Sales

    Terry Riley
    Section Image
  • Joe Preston

    Buyer's Agent in 2019

    Joe Preston

    RE/MAX

    (301) 613-5084

    9 in this area

    55 Total Sales

    Joe Preston
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO106544

Bright MLS

APN: 10-425670

Maryland Worcester County Ocean City 21842

52 Island Edge Dr Unit 52N, Ocean City, MD

This home is located at 52 Island Edge Dr Unit 52N, Ocean City, MD 21842 since 24 May 2019 and is currently estimated at $877,402, approximately $368 per square foot. This property was built in 2004. 52 Island Edge Dr Unit 52N 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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