NOT LISTED FOR SALE

5605 Atlantic Ave Unit 206 Ocean City, MD 21842

Estimated Value: $604,646 - $640,000

3 Beds
2 Baths
1,410 Sq Ft
$493/mo HOA Fee

Last Sold October 16, 2020

Last sale price $400,000 $284 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,245/month

53 Days on Market

Highlights

  • Sandy Beach
  • Water Oriented
  • Main Floor Bedroom
  • Ocean City Elementary School Rated A
  • Waterfront
  • Furnished

About This Home

As of October 2020

Get ready to live the high life in one of OC s hidden low-rise gems: the Ocean One! Tucked away on the oceanfront at 56th Street, the Ocean One condominium building s mid-town location keeps you close to everything you d need without the noise and congestion of other locations. Unit 206 is conveniently located on the 2nd floor, right down the walkway from the pool! This unique floor plan features three spacious bedrooms, with the huge master suite located on the opposite side of the condo from the 2nd and 3rd bedrooms, separated by the galley kitchen. The living room and master bedroom both step out to the balcony, which features awesome beach and ocean views. And while we don t want to wish away the summer just yet, just imagine opening the slider doors at night and letting in that crisp autumn air while cozing-up to the fireplace! So many amazing memories are just waiting to be made here.

Last Agent to Sell the Property

Grant Fritschle

(410) 430-5880 grant@markf.com Keller Williams Realty Delmarva License #RA0020779 Listed on: 07/30/2020

Keller Williams Realty Delmarva

Last Buyer's Agent

Karen Oass

(443) 880-5727 karen.oass@longandfoster.com Long & Foster Real Estate, Inc. License #504976

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,379

Year Built

  • Built in 1989

Lot Details

  • Waterfront
  • Sandy Beach

HOA Fees

  • $493 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Masonry

Interior Spaces

  • 1,410 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Carpet
  • Galley Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Parking

  • Assigned parking located at #206
  • Off-Street Parking
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed
  • Doors swing in
  • No Interior Steps
  • Level Entry For Accessibility

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 206
  • Assessor Parcel Number 10-321859

Community Details

Overview

  • Association fees include exterior building maintenance, common area maintenance, management, pool(s), reserve funds, trash
  • Mid-Rise Condominium
  • Mann Properties Condos, Phone Number (410) 289-6156
  • Ocean One Community

Amenities

  • Common Area
  • 1 Elevator
  • Community Storage Space

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,379

Year Built

Built in 1989

Lot Details

0

HOA Fees

$493 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: Doors - Swing In, Elevator, Level Entry - Main, No Stairs
  • Ownership: Condominium
  • Exclusions: See Disclosures
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1989
  • Assigned Parking Space Numbers: 206
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Interior Amenities: Carpet, Combination Dining/Living, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Galley, Primary Bath(s), Tub Shower
  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1410
  • Living Area Sq Ft: 1410
  • Price Per Sq Ft: 310.64
  • Above Grade Finished Sq Ft: 1410
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Masonry
  • Water Access: No
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1480.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Mann Properties
  • Condo Co-Op Phone: (410) 289-6156
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Extra Storage, Pool - Outdoor, Reserved/Assigned Parking, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Common Area Maintenance, Management, Pool(s), Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Above Ground, Fenced

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5424516
  • Tax Annual Amount: 5379.00
  • Assessor Parcel Number: 10-321859
  • Tax Lot: 206
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2020
Closed on
Oct 16, 2020
Sold by
Childs Edmund P and Childs Marian P
Bought by
Jackson 5605 Atlantic Avenue Llc
Seller's Agent
Grant Fritschle
Keller Williams Realty Delmarva
Buyer's Agent
Karen Oass
Long & Foster Real Estate, Inc.
List Price
$438,000
Sold Price
$400,000
Premium/Discount to List
-$38,000
-8.68%
Current Estimated Value
$627,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,906
Avg. Annual Appreciation
9.02%

Purchase Details

Closed on
Jul 27, 2012
Sold by
Frederick Henry F and Frederick Charlie M
Bought by
Childs Edmund P and Childs Marian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 1990
Sold by
Landmark Group Inc
Bought by
Frederick Henry F and Frederick Charline M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jackson 5605 Atlantic Avenue Llc $400,000 Real Estate Title & Escrow
Childs Edmund P $325,000 Chesapeake Title Company Llc
Frederick Henry F $172,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Childs Edmund P $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $400,000 -8.7% $284 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $438,000 -- $311 / 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 $5,391 $394,800 $0 $0
2024 $5,115 $366,600 $0 $0
2023 $4,756 $338,400 $236,800 $101,600
2022 $4,756 $338,400 $236,800 $101,600
2021 $4,782 $338,400 $236,800 $101,600
2020 $5,379 $380,700 $266,400 $114,300
2019 $5,409 $380,200 $0 $0
2018 $5,348 $379,700 $0 $0
2017 $5,023 $379,200 $0 $0
2016 -- $353,833 $0 $0
2015 $4,535 $328,467 $0 $0
2014 $4,535 $303,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Grant Fritschle

    Seller's Agent in 2020

    Grant Fritschle

    Keller Williams Realty Delmarva

    (410) 430-5880

    226 in this area

    334 Total Sales

    Grant Fritschle
    Section Image
  • Karen Oass

    Buyer's Agent in 2020

    Karen Oass

    Long & Foster

    (443) 880-5727

    79 in this area

    123 Total Sales

    Karen Oass
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO115614

Bright MLS

APN: 10-321859

Maryland Worcester County Ocean City 21842

5605 Atlantic Ave Unit 206, Ocean City, MD

Not Listed for Sale

Condos

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