NOT LISTED FOR SALE

5605 Atlantic Ave Unit 302 Ocean City, MD 21842

Estimated Value: $721,000 - $880,105

3 Beds
2 Baths
1,444 Sq Ft
$652/mo HOA Fee

Last Sold August 16, 2023

Last sale price $770,000 $533 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,653/month

28 Days on Market

Highlights

  • Ocean Front
  • Coastal Architecture
  • Community Pool
  • Ocean City Elementary School Rated A
  • Furnished
  • Elevator

About This Home

As of August 2023

Just what you have been looking for....Gorgeous unobstructed Ocean Views from this Direct Oceanfront masonry 3 Bedroom, 2 Bath luxury condo with over 1.400 sq ft of living space plus large covered oceanfront balcony. 3rd Floor location is the premium building location with views of the beach , ocean and sky from every level in the unit. Ocean One offers resort style living, directly on the beach, mid-town at 57th street, outdoor pool, ground level outdoor shower, elevator, 2 parking spaces and secure storage room. New HVAC system, storm shutters, upgraded bathrooms, direct Ocean front Master bedroom with access to balcony. Fantastic location with a short distance to restaurants, entertainment and amusement. Excellent rental . This condo is a Must See .

Last Agent to Sell the Property

Jay Phillips

(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate Listed on: 06/22/2023

Last Buyer's Agent

Jennifer Ciorrocco

(302) 236-8131 jennifer@coastallifeoc.com Coastal Life Realty Group LLC License #676479

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,327

Year Built

  • Built in 1989

Lot Details

  • Ocean Front
  • Property is in very good condition

HOA Fees

  • $652 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Parking Lot

Home Design

  • Coastal Architecture
  • Entry on the 3rd floor
  • Masonry

Interior Spaces

  • 1,444 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Built-In Range
  • Built-In Microwave
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • ENERGY STAR Qualified Washer

Utilities

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

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Listing and Financial Details

  • Tax Lot 302
  • Assessor Parcel Number 2410321743

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, pest control, pool(s), reserve funds, trash
  • Mid-Rise Condominium
  • Ocean One Community
  • Property Manager

Amenities

  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,327

Year Built

Built in 1989

Lot Details

0

HOA Fees

$652 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Few personal items
  • Inclusions: Fully Furnished Washer and Dryer
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1989
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Energy Star Clothes Washer, Energy Star Refrigerator, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 3
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1444
  • Living Area Sq Ft: 1444
  • Price Per Sq Ft: 553.95
  • Above Grade Finished Sq Ft: 1444
  • 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
  • View: Ocean
  • 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
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage, Parking Lot
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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: 1956.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Elevator, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pest Control, Pool(s), Reserve Funds, Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 7327.00
  • Assessor Parcel Number: 2410321743
  • Tax Lot: 302
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Aug 16, 2023
Sold by
Mary E Delgado Revocable Deed Of Trust
Bought by
Frock Paul
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Jennifer Ciorrocco
Coastal Life Realty Group LLC
List Price
$799,900
Sold Price
$770,000
Premium/Discount to List
-$29,900
-3.74%
Views
366
Current Estimated Value
$804,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,776
Avg. Annual Appreciation
1.93%

Purchase Details

Closed on
Apr 16, 2002
Sold by
Delgado Mary G
Bought by
Delgado Mary E

Purchase Details

Closed on
Oct 9, 2001
Sold by
Delgado Gregorio and Delgado Mary E
Bought by
Delgado Mary G

Purchase Details

Closed on
Jun 21, 1989
Sold by
Landmark Group Inc
Bought by
Delgado Gregorio and Delgado Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,900
Interest Rate
10.04%
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
Frock Paul $770,000 Community Title Network
Delgado Mary E -- --
Delgado Mary G -- --
Delgado Gregorio $227,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delgado Gregorio $167,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2023 08/16/23 Sold $770,000 -3.7% $533 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $799,900 -- $554 / 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 $9,201 $673,800 $0 $0
2024 $8,328 $596,800 $0 $0
2023 $7,305 $519,800 $363,800 $156,000
2022 $7,305 $519,800 $363,800 $156,000
2021 $7,345 $519,800 $363,800 $156,000
2020 $8,263 $584,800 $409,300 $175,500
2019 $8,216 $577,567 $0 $0
2018 $8,033 $570,333 $0 $0
2017 $7,954 $563,100 $0 $0
2016 -- $527,967 $0 $0
2015 $6,758 $492,833 $0 $0
2014 $6,758 $457,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jay Phillips

    Seller's Agent in 2023

    Jay Phillips

    Holiday Real Estate

    (410) 726-8631

    24 in this area

    138 Total Sales

    Jay Phillips
    Section Image
  • Jennifer Ciorrocco

    Buyer's Agent in 2023

    Jennifer Ciorrocco

    Coastal Life Realty Group LLC

    (302) 236-8131

    31 in this area

    52 Total Sales

    Jennifer Ciorrocco
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2014718

Bright MLS

APN: 10-321743

Maryland Worcester County Ocean City 21842

5605 Atlantic Ave Unit 302, Ocean City, MD

Not Listed for Sale

Condos

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