NOT LISTED FOR SALE

5605 Atlantic Ave Unit 103 Ocean City, MD 21842

Estimated Value: $394,511 - $441,000

1 Bed
1.5 Baths
931 Sq Ft
$370/mo HOA Fee

Last Sold July 12, 2019

Last sale price $240,000 $258 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,880/month

353 Days on Market

Highlights

  • Ocean Front
  • Access to Tidal Water
  • Fishing Allowed
  • Ocean City Elementary School Rated A
  • Sandy Beach
  • Open Floorplan

About This Home

As of July 2019

DIRECT OCEANFRONT NON RENTAL AND AVAILABLE FOR YOU TO USE FOR THE SUMMER OF 2019! ! IF YOU WANT TO WATCH THE SUNRISE EVERY MORNING AND BE ABLE TO WALK RIGHT OUT TO THE BEACH EVERYDAY YOU CAN DO BOTH AT 103 OCEAN ONE! This is one of the largest direct oceanfront one bedroom condos in Ocean City! The large, open living/dining and kitchen area is direct oceanfront! Enjoy the large, private oceanfront balcony and ocean views! Interior features include whirl pool tub, ceramic tile, carpet, new paint and a wood burning fireplace. The unit is sprinkled and features storm shutters on the oceanfront and bayside. The HVAC system and dishwasher were new in 2016! There is a private storage closet just outside your door! This condo has 1 assigned covered parking space near the elevator. Additional unassigned parking is available . You have easy access to the beach using the convenient 1st floor stairs or the elevator just outside your door. Or you you can spend the day relaxing around the outdoor pool! Ocean One is a popular mid rise building located in the mid town area of Ocean City close to restaurants, shopping and amusements. If you are looking for that true Ocean City experience this is a "Must See Property"

Last Agent to Sell the Property

Katy Durham

(410) 726-2398 kdurham@cbmove.com Coldwell Banker Realty Listed on: 06/19/2018

Coldwell Banker Realty

Co-Listed By

Katy Durham and Rick Meehan

(410) 726-2398 rmeehan@cbmove.com Coldwell Banker Realty

Last Buyer's Agent

Kelley Bjorkland

(443) 880-1032 bjorklandmove@gmail.com Coldwell Banker Realty License #RS-0023307

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,707

Year Built

  • Built in 1989

Lot Details

  • Ocean Front
  • Sandy Beach
  • Public Beach
  • Two or More Common Walls
  • West Facing Home
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $370 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Built-Up Roof
  • Piling Construction
  • Dryvit Stucco

Interior Spaces

  • 931 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Country Kitchen
  • Electric Oven or Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Parking

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

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Balcony

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Additional Features

  • Doors swing in
  • Flood Risk

Listing and Financial Details

  • Tax Lot 7941
  • Assessor Parcel Number 10-321654

Community Details

Overview

  • Association fees include common area maintenance, insurance, management, pool(s), water
  • 24 Units
  • Mid-Rise Condominium
  • Ocean One Community
  • Property Manager

Amenities

  • 1 Elevator

Recreation

  • Community Pool
  • Fishing Allowed

Security

  • Storm Doors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,707

Year Built

Built in 1989

Lot Details

0

HOA Fees

$370 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Doors - Swing In
  • Ownership: Condominium
  • Exclusions: Living Room: TV and DVD player, shell lamps, round wood top with metal base table, two/metal wicker chairs, telephoneBedroom: large wicker lamp and phoneAll items in drawers and closets including kitchen abd baths.
  • Federal Flood Insurance: Yes
  • Historic: No
  • Home Warranty: No
  • Inclusions: Furnished with exclusions
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1989
  • 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, Stove, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Country, Primary Bath(s), Sprinkler System, Window Treatments, Flat, Pantry
  • Window Features: Double Pane, Insulated, Screens
  • Fireplace Features: Wood, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Door Features: Storm
  • Elevators Count: 1
  • Wall Ceiling Types: Dry Wall, Masonry
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 931
  • Living Area Sq Ft: 931
  • Price Per Sq Ft: 284.53
  • Above Grade Finished Sq Ft: 931
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Dryvit
  • Exterior Features: Outside Shower, Street Lights
  • Road Surface Type: Black Top
  • Roof: Built-Up
  • Spa: No
  • View: Ocean
  • Water Access Features: Fishing Allowed, Public Access, Public Beach, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Under Home Parking
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4440.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management, Pool(s), Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • 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

  • Horses: No
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5424497
  • Tax Annual Amount: 3707.00
  • Assessor Parcel Number: 10-321654
  • Tax Lot: 7941
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2018
Closed on
Jul 26, 2019
Sold by
Cannella Kimos Peter George and Cannella Kimos Nancy
Bought by
Zeiders Sean M and Zeiders Sheila A
Seller's Agent
Katy Durham
Coldwell Banker Realty
Buyer's Agent
Kelley Bjorkland
Coldwell Banker Realty
List Price
$274,900
Sold Price
$240,000
Premium/Discount to List
-$34,900
-12.7%
Current Estimated Value
$417,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,628
Avg. Annual Appreciation
9.03%
Original Mortgage
$192,000
Outstanding Balance
$127,051
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$290,577

Purchase Details

Closed on
May 26, 1989
Sold by
Landmark Group Inc
Bought by
Kimos Peter George and Nancy Cannella
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zeiders Sean M $240,000 Real Estate Title & Escrow
Kimos Peter George $128,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeiders Sean M $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2019 07/12/19 Sold $240,000 -9.4% $258 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
05/07/2019 05/07/19 Price Changed $264,900 -3.6% $285 / Sq Ft
11/30/2018 11/30/18 For Sale $274,900 +14.5% $295 / Sq Ft
10/15/2018 10/15/18 Off Market $240,000 -- --
09/04/2018 09/04/18 Price Changed $274,900 -4.9% $295 / Sq Ft
06/19/2018 06/19/18 For Sale $289,000 -- $310 / 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 $3,750 $274,600 $0 $0
2024 $3,507 $251,300 $0 $0
2023 $3,204 $228,000 $159,600 $68,400
2022 $3,204 $228,000 $159,600 $68,400
2021 $3,222 $228,000 $159,600 $68,400
2020 $3,682 $260,600 $182,400 $78,200
2019 $3,707 $260,600 $182,400 $78,200
2018 $3,670 $260,600 $182,400 $78,200
2017 $3,701 $279,300 $0 $0
2016 -- $260,667 $0 $0
2015 $3,329 $242,033 $0 $0
2014 $3,329 $223,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katy Durham

    Seller's Agent in 2019

    Katy Durham

    Coldwell Banker Realty

    (410) 726-2398

    54 in this area

    65 Total Sales

    Katy Durham
    Section Image
  • Katy Durham and Rick Meehan

    Seller Co-Listing Agent in 2019

    Katy Durham and Rick Meehan

    Coldwell Banker Realty

    (410) 726-2398

    29 in this area

    35 Total Sales

    Katy Durham and Rick Meehan
    Section Image
  • Kelley Bjorkland

    Buyer's Agent in 2019

    Kelley Bjorkland

    Coldwell Banker Realty

    (443) 880-1032

    26 in this area

    95 Total Sales

    Kelley Bjorkland
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001900092

Bright MLS

APN: 10-321654

Maryland Worcester County Ocean City 21842

5605 Atlantic Ave Unit 103, Ocean City, MD

Not Listed for Sale

Condos

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