NOT LISTED FOR SALE

5701 Atlantic Ave Unit 1S Ocean City, MD 21842

Estimated Value: $538,000 - $669,000

2 Beds
2 Baths
1,136 Sq Ft
$317/mo HOA Fee

Last Sold March 31, 2021

Last sale price $450,000 $396 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,959/month

38 Days on Market

Highlights

  • Doors with lever handles
  • Ocean City Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of March 2021

Come live the GOOD LIFE at the beach with endless fun in the sun. You have Direct Ocean Front access to the beach! The BEACH is right there waiting for you. The living room area features a large patio to access the beach directly. Turn Key property with Fresh paint, NEW water proof flooring and Gorgeous NEW furnishings through out. Kitchen includes Granite Counter-tops, and a new stove! Bathrooms have granite counter tops. Enjoy the spacious bedrooms, brand new bedding sets, and plenty of closet space! This sought out end unit with additional window, is very bright and cheerful. So let the sun shine in! Kitchen is equipped with a breakfast bar for convenience. Open floor plan allows for good conversation and enjoyment. Patio has hurricaine shutters. This GEM is conveniently located in central Ocean City. Great Rental Potential, or just keep it for yourself! Bring your beach gear, and start living your coastal dream right now! This is the ONE!

Last Agent to Sell the Property

Karen Oass

(443) 880-5727 karen.oass@longandfoster.com Long & Foster Real Estate, Inc. License #504976 Listed on: 01/18/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Mitchell David

(443) 614-7048 mitchelldavid06@gmail.com Sheppard Realty Inc License #636139

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,863

Year Built

  • Built in 1972

HOA Fees

  • $317 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,136 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Doors with lever handles
  • Flood Risk

Community Details

  • Mid-Rise Condominium
  • Mariner II Community

Listing and Financial Details

  • Tax Lot 1S
  • Assessor Parcel Number 10-074835

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,863

Year Built

Built in 1972

Lot Details

0

HOA Fees

$317 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 - Lever Handle(s)
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-01-27
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1136
  • Living Area Sq Ft: 1136
  • Price Per Sq Ft: 396.13
  • Above Grade Finished Sq Ft: 1136
  • Above Grade Finished Area Units: Square Feet

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: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 950.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5403260
  • Tax Annual Amount: 4863.00
  • Assessor Parcel Number: 10-074835
  • Tax Lot: 1S
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Mar 31, 2021
Sold by
Phillips Lynn Elizabeth and Goldstein Marc Allan
Bought by
Loewe Gary F and Loewe Mary Lisa
Seller's Agent
Karen Oass
Long & Foster Real Estate, Inc.
Buyer's Agent
Mitchell David
Sheppard Realty Inc
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$603,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,255
Avg. Annual Appreciation
6.45%
Original Mortgage
$360,000
Outstanding Balance
$324,512
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$278,743

Purchase Details

Closed on
Apr 21, 2015
Sold by
Goldstein Lewis A
Bought by
Goldstein Lewis A and Phillips Lynn Elizabeth

Purchase Details

Closed on
Sep 25, 2013
Sold by
Goldstein Lewis A
Bought by
Goldstein Lewis A

Purchase Details

Closed on
Aug 10, 1999
Sold by
Clark William R and Clark Mary E
Bought by
Goldstein Lewis A and Goldstein Marie

Purchase Details

Closed on
Jan 18, 1989
Sold by
Pheasant Max L
Bought by
Clark William R and Clark 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
$95,400
Interest Rate
10.81%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Loewe Gary F $450,000 Ocean Investments Title Corp
Goldstein Lewis A -- None Available
Goldstein Lewis A -- None Available
Goldstein Lewis A $130,000 --
Clark William R $132,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loewe Gary F $360,000
Previous Owner Clark William R $95,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $450,000 0.0% $396 / Sq Ft
01/18/2021 01/18/21 For Sale $450,000 -- $396 / 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 $5,631 $412,333 $0 $0
2024 $5,278 $378,267 $0 $0
2023 $4,837 $344,200 $240,900 $103,300
2022 $4,837 $344,200 $240,900 $103,300
2021 $4,864 $344,200 $240,900 $103,300
2020 $3,744 $344,200 $240,900 $103,300
2019 $3,669 $311,133 $0 $0
2018 $3,459 $278,067 $0 $0
2017 $3,478 $245,000 $0 $0
2016 -- $245,000 $0 $0
2015 $5,112 $245,000 $0 $0
2014 $5,112 $340,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Oass

    Seller's Agent in 2021

    Karen Oass

    Long & Foster

    (443) 880-5727

    79 in this area

    123 Total Sales

    Karen Oass
    Section Image
  • Mitchell David

    Buyer's Agent in 2021

    Mitchell David

    Sheppard Realty Inc

    (443) 614-7048

    110 in this area

    145 Total Sales

    Mitchell David
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO119348

Bright MLS

APN: 10-074835

Maryland Worcester County Ocean City 21842

5701 Atlantic Ave Unit 1S, Ocean City, MD

Not Listed for Sale

Condos

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