NOT LISTED FOR SALE

Sunset Bay 5405 Coastal Hwy Unit 515 Ocean City, MD 21842

Estimated Value: $410,000 - $438,000

2 Beds
2 Baths
1,023 Sq Ft
$363/mo HOA Fee

Last Sold December 18, 2020

Last sale price $270,000 $264 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,929/month

Highlights

  • Ocean View
  • Pier or Dock
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Fitness Center

About This Home

As of December 2020

Beautiful & well maintained 2BR, 2BA mid town condo with tile floors, fully furnished, new heat pump(2020), outdoor roof top pool, fitness center, community fishing/crabbing pier, assigned parking & elevator. Make this your next stop in Ocean City.

Last Agent to Sell the Property

Mickey Lobb

Berkshire Hathaway HomeServices PenFed Realty - OP License #575024 Listed on: 10/16/2020

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Eka Suryadi Poling

Keller Williams Realty Delmarva License #RS-0037015

Keller Williams Realty Delmarva

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,021

Year Built

  • Built in 2005

Lot Details

  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $363 Monthly HOA Fees

Property Views

  • Limited

Home Design

  • Entry on the 5th floor
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 1,023 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Non-Functioning Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Sliding Windows
  • Window Screens
  • Dining Area

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Water Access
  • Property near a bay

Location

  • Flood Risk
  • Bayside

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 515
  • Assessor Parcel Number 10-428203

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, pool(s)
  • Mid-Rise Condominium
  • Sunset Bay Community
  • Property Manager

Recreation

  • Pier or Dock
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,021

Year Built

Built in 2005

Lot Details

0

HOA Fees

$363 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Gas FP conveys in As IS condition. TV in MBR.
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-10-16
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Beautiful & well maintained 2BR, 2BA mid town condo with tile floors, fully furnished, new heat pump(2020), outdoor roof top pool, fitness center, community fishing/crabbing pier, assigned parking & elevator. Make this your next stop in Ocean City.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s), Crown Moldings, Dining Area, Sprinkler System, Stall Shower, Tub Shower, Window Treatments
  • Window Features: Insulated, Screens, Sliding
  • Fireplace Features: Gas/Propane, Non-Functioning
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1023
  • Living Area Sq Ft: 1023
  • Price Per Sq Ft: 263.44
  • Above Grade Finished Sq Ft: 1023
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5405

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: Stucco, Concrete
  • Roof: Flat
  • View: Bay, Ocean, Limited
  • Water Access: Yes
  • Water Body Name: Cape Isle of Wight
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 363.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Fitness Center, Pier/Dock, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Pool(s)
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • 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
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5431998
  • Tax Annual Amount: 3021.00
  • Assessor Parcel Number: 10-428203
  • Tax Lot: 515
  • Tax Total Finished Sq Ft: 1023
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/18/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Dec 18, 2020
Sold by
Garg Krishan Lal and Garg Aruna
Bought by
Feldman Matthew C
Seller's Agent
Mickey Lobb
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Eka Suryadi Poling
Keller Williams Realty Delmarva
List Price
$269,500
Sold Price
$270,000
Premium/Discount to List
$500
0.19%
Current Estimated Value
$421,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,918
Avg. Annual Appreciation
10.64%
Original Mortgage
$243,000
Outstanding Balance
$217,374
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$219,032

Purchase Details

Closed on
Mar 31, 2015
Sold by
Funk Marguerite Rc
Bought by
Garg Krishan Lal and Garg Aruna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 7, 2007
Sold by
Gmeinwieser Michael A
Bought by
Rc Funk Marguerite

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2006
Sold by
Gmeinwieser Michael A
Bought by
Rc Funk Marguerite

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Feldman Matthew C $270,000 Dba Real Estate T&E
Garg Krishan Lal $225,000 First American Title
Rc Funk Marguerite $330,000 --
Rc Funk Marguerite $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feldman Matthew C $76,000
Open Feldman Matthew C $243,000
Previous Owner Garg Krishan Lal $90,000
Previous Owner Rc Funk Marguerite $264,000
Previous Owner Rc Funk Marguerite $264,000
Previous Owner Gmeinwieser Michael $295,920
Previous Owner Gmeinwieser Michael $73,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $270,000 +0.2% $264 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $269,500 -- $263 / 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 $3,821 $333,800 $0 $0
2024 $3,821 $273,800 $0 $0
2023 $3,005 $213,800 $106,900 $106,900
2022 $3,005 $213,800 $106,900 $106,900
2021 $3,021 $213,800 $106,900 $106,900
2020 $3,021 $213,800 $106,900 $106,900
2019 $3,042 $213,800 $106,900 $106,900
2018 $3,011 $213,800 $106,900 $106,900
2017 $3,209 $226,000 $0 $0
2016 -- $226,000 $0 $0
2015 $3,560 $226,000 $0 $0
2014 $3,560 $231,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mickey Lobb

    Seller's Agent in 2020

    Mickey Lobb

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 880-2064

    10 in this area

    43 Total Sales

    Mickey Lobb
    Section Image
  • Eka Suryadi Poling

    Buyer's Agent in 2020

    Eka Suryadi Poling

    Keller Williams Realty Delmarva

    (443) 735-6032

    47 in this area

    106 Total Sales

    Eka Suryadi Poling
    Section Image
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About Sunset Bay

Map

Source: Bright MLS

MLS Number: MDWO117642

Bright MLS

APN: 10-428203

Maryland Worcester County Ocean City 21842

5405 Coastal Hwy Unit 515, Ocean City, MD

This home is located at 5405 Coastal Hwy Unit 515, Ocean City, MD 21842 since 16 October 2020 and is currently estimated at $421,918, approximately $412 per square foot. This property was built in 2005. 5405 Coastal Hwy Unit 515 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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