NOT LISTED FOR SALE

53 Island Edge Dr Unit LUS-F Ocean City, MD 21842

Estimated Value: $1,200,000 - $1,231,000

5 Beds
4.5 Baths
3,244 Sq Ft
$375/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $1,000,000 $308 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,826/month

Highlights

  • Pier or Dock
  • Fitness Center
  • Gourmet Kitchen
  • Ocean City Elementary School Rated A
  • Bay View
  • Open Floorplan

About This Home

As of December 2021

This opportunity is unique! Why, you ask? There are just 6 NV single family homes built on the canal. This means three things....1. You're just a stones throw away from the Clubhouse, Pools, Gym, and Beaches! 2. The Canal provides additional privacy as the homes rear is southerly exposed, meaning from the rear loft porch you have views of Seacrets fireworks every two weeks in the summertime. 3. There are available boat slips right behind your garage. Easy access to early morning fishing, jet skiing, dinner cruises, all right out your back door. The home itself is well appointed, three front porches for easy living and cool coastal breezes. The home boasts 4 full baths, all well situated including one on the entry level. Of course off the huge kitchen area there is a powder room. Did we mention the fireplace yet? Nope, but yes the great room has a fireplace with tasteful built-ins around it. The kitchen has a double oven, microwave, and cooktop, of course a dishwasher as well. At this time a future owner can choose to use home all to themselves or this home in the summer season will gross well north of $70,000 in rent! Schedule your visit ASAP, but not over Thanksgiving, as it will be in use from 11/22 to 11/29! Call for more details!

Last Agent to Sell the Property

Terry Riley

(443) 880-0512 terry@sunsetisland.net Shore 4U Real Estate License #598416 Listed on: 11/20/2021

Shore 4U Real Estate

Co-Listed By

Chris Jett

(443) 523-2360 chris@shore4u.com RE/MAX Advantage Realty License #RS-0019287

Last Buyer's Agent

Elizabeth Kapp

(302) 569-0012 liz.kapp@lnf.com Long & Foster Real Estate, Inc. License #238682

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,179

Year Built

  • Built in 2004

Lot Details

  • 2,226 Sq Ft Lot
  • Cleared Lot
  • Property is zoned BMUD

HOA Fees

  • $264 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Assigned Parking

Property Views

  • Bay
  • Canal

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Metal Roof
  • Concrete Perimeter Foundation
  • HardiePlank Type

Interior Spaces

  • 3,244 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Screens
  • Dining Area

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Double Oven
  • Cooktop
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire Sprinkler System

Outdoor Features

  • Outdoor Shower
  • Multiple Balconies
  • Water Fountains
  • Exterior Lighting
  • Storage Shed
  • Porch

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Central Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot F53
  • Assessor Parcel Number 10-412897
  • $575 Front Foot Fee per year

Community Details

Overview

  • Association fees include lawn maintenance, insurance, trash
  • Cas HOA
  • Sunset Island Subdivision

Amenities

  • Clubhouse
  • Convenience Store

Recreation

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

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,179

Year Built

Built in 2004

Lot Details

0

HOA Fees

$264 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Coastal
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 2021-11-20
  • Federal Flood Zone: Yes
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Remarks Public: This opportunity is unique! Why, you ask? There are just 6 NV single family homes built on the canal. This means three things....1. You're just a stones throw away from the Clubhouse, Pools, Gym, and Beaches! 2. The Canal provides additional privacy as the homes rear is southerly exposed, meaning from the rear loft porch you have views of Seacrets fireworks every two weeks in the summertime. 3. There are available boat slips right behind your garage. Easy access to early morning fishing, jet skiing, dinner cruises, all right out your back door. The home itself is well appointed, three front porches for easy living and cool coastal breezes. The home boasts 4 full baths, all well situated including one on the entry level. Of course off the huge kitchen area there is a powder room. Did we mention the fireplace yet? Nope, but yes the great room has a fireplace with tasteful built-ins around it. The kitchen has a double oven, microwave, and cooktop, of course a dishwasher as well. At this time a future owner can choose to use home all to themselves or this home in the summer season will gross well north of $70,000 in rent! Schedule your visit ASAP, but not over Thanksgiving, as it will be in use from 11/22 to 11/29! Call for more details!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Oven - Double, Refrigerator, Washer, Icemaker, Stainless Steel Appliances
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Dining Area, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Soaking Tub, Stall Shower, Upgraded Countertops, Walk-In Closet(s)
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Concrete Perimeter
  • Floors In Unit Count: 4
  • Levels Count: 4
  • Basement: No
  • Total Sq Ft: 3244
  • Living Area Sq Ft: 3244
  • Price Per Sq Ft: 305.15
  • Above Grade Finished Sq Ft: 3244
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 53

Beds/Baths

  • Bedrooms: 5
  • 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
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Combination, Concrete, Hardiplank Type
  • Exterior Features: Outside Shower, Exterior Lighting, Water Fountains
  • Roof: Metal
  • View: Bay, Canal, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

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: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 3168.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Convenience Store, Fitness Center, Jog/Walk Path, Pier/Dock, Pool - Indoor, Pool - Outdoor, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Insurance, Trash
  • HOA Name: CAS
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: BERLIN INTERMEDIATE SCHOOL
  • High School: STEPHEN DECATUR
  • Elementary 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: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Improvement Assessed Value: 384900.00
  • Land Assessed Value: 387300.00
  • Lot Features: Cleared
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2226.00
  • Outdoor Living Structures: Balconies- Multiple, Porch(es)
  • Year Assessed: 2015
  • Zoning: BMUD
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9178.74
  • Assessor Parcel Number: 10-412897
  • Tax Lot: F53
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 12/29/2021

Multi Family

  • Front Foot Fee: 575.00

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2021
Closed on
Dec 28, 2021
Sold by
Clark Thomas A and Clark Deborah
Bought by
Richter Jason Adam and Richter Alesia Beth
Seller's Agent
Terry Riley
Shore 4U Real Estate
Buyer's Agent
Elizabeth Kapp
Long & Foster Real Estate, Inc.
List Price
$989,900
Sold Price
$1,000,000
Premium/Discount to List
$10,100
1.02%
Current Estimated Value
$1,215,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,586
Avg. Annual Appreciation
5.31%
Original Mortgage
$800,000
Outstanding Balance
$737,396
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$478,190

Purchase Details

Closed on
Jul 14, 2016
Sold by
Raymond Michael G and Raymond Heather E
Bought by
Clark Thomas A and Clark Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,200
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2012
Sold by
Pirko Brian J and Cohen David
Bought by
Raymond Michael G and Raymond Heather E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2004
Sold by
Labbe Richard L
Bought by
Labbe Richard L

Purchase Details

Closed on
Sep 20, 2004
Sold by
Labbe Richard L
Bought by
Labbe Richard L

Purchase Details

Closed on
Mar 18, 2004
Sold by
Nvr Inc
Bought by
Labbe Richard L and Labbe Ann

Purchase Details

Closed on
Oct 21, 2003
Sold by
Sunset Island Llc
Bought by
Nvr Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Richter Jason Adam $1,000,000 Capitol Title Group
Clark Thomas A $754,000 Key Title Inc
Clark Thomas A $754,000 Key Title Inc
Raymond Michael G $730,000 None Available
Labbe Richard L -- --
Labbe Richard L -- --
Labbe Richard L $837,657 --
Nvr Inc $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richter Jason Adam $800,000
Previous Owner Clark Thomas A $603,200
Previous Owner Raymond Michael G $511,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $1,000,000 +1.0% $308 / Sq Ft
11/20/2021 11/20/21 For Sale $989,900 -- $305 / 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 $13,643 $1,003,400 $0 $0
2024 $13,643 $977,700 $0 $0
2023 $13,379 $952,000 $521,300 $430,700
2022 $12,452 $886,000 $0 $0
2021 $11,587 $820,000 $0 $0
2020 $10,695 $754,000 $521,300 $232,700
2019 $10,726 $754,000 $521,300 $232,700
2018 $10,620 $754,000 $521,300 $232,700
2017 $10,520 $772,200 $0 $0
2016 -- $741,033 $0 $0
2015 $7,800 $709,867 $0 $0
2014 $7,800 $678,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Terry Riley

    Shore 4U Real Estate

    (443) 880-0512

    159 in this area

    200 Total Sales

    Terry Riley
    Section Image
  • Chris Jett

    Seller Co-Listing Agent in 2021

    Chris Jett

    RE/MAX

    (443) 523-2360

    161 in this area

    208 Total Sales

    Chris Jett
    Section Image
  • Elizabeth Kapp

    Buyer's Agent in 2021

    Elizabeth Kapp

    Long & Foster

    (302) 569-0012

    61 in this area

    172 Total Sales

    Elizabeth Kapp
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2003504

Bright MLS

APN: 10-412897

Maryland Worcester County Ocean City 21842

53 Island Edge Dr Unit LUS-F, Ocean City, MD

This home is located at 53 Island Edge Dr Unit LUS-F, Ocean City, MD 21842 since 20 November 2021 and is currently estimated at $1,215,586, approximately $374 per square foot. This property was built in 2004. 53 Island Edge Dr Unit LUS-F is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes