NOT LISTED FOR SALE

5701 Atlantic Ave Unit 3M Ocean City, MD 21842

Estimated Value: $523,000 - $735,746

2 Beds
2 Baths
1,086 Sq Ft
$317/mo HOA Fee

Last Sold May 10, 2021

Last sale price $575,000 $529 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,315/month

1 Day on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Open Floorplan
  • Ocean City Elementary School Rated A
  • Water Access
  • Coastal Architecture

About This Home

As of May 2021

Beautiful Ocean -Front condominium shows like a model! This turn-key, fully furnished home allows you to soak-in the warmth of the beach year-round. Enjoy panoramic Atlantic Ocean views from your balcony! This home is tastefully appointed with a sophisticated coastal vibe throughout showcasing new family room furnishings and a lovely dining table with a nautical compass design & sea-shell fabric chairs to enhance the crisp beachy feel. The kitchen is complete with white cabinetry, recessed lighting, a decorative coastal themed backsplash and striking countertops. At the end of the day, retreat to the primary bedroom with an updated en-suite bath, a wall of windows and sliding doors giving balcony access. It doesn’t get any better than this! A second bedroom, updated hall bath, separate laundry room and storage closet complete this layout. This property has been meticulously cared for and it shows. New storm shutters have been installed. Don’t miss this opportunity to own a piece of paradise.

Last Agent to Sell the Property

Shannon Smith

(302) 539-2900 shannonsmith@northroprealty.com Northrop Realty License #RA0020415 Listed on: 04/01/2021

Northrop Realty

Co-Listed By

Christine Lombardi

(302) 236-2257 christinelombardi@northroprealty.com Northrop Realty License #RS-0024502

Last Buyer's Agent

Maia Miculinic

(443) 880-1055 maiaocmd@gmail.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #600483

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,313

Year Built

  • Built in 1972

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Property is in excellent condition

HOA Fees

  • $317 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 3rd floor
  • Flat Roof Shape
  • Plaster Walls

Interior Spaces

  • 1,086 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Window Screens
  • Sliding Doors
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Freezer
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

Parking

  • Assigned parking located at #3M
  • On-Street Parking
  • Parking Lot
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 3M
  • Assessor Parcel Number 10-074681

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, reserve funds
  • 1 Elevator
  • Mid-Rise Condominium
  • Mariner II Community

Security

  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,313

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, Coastal
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-04-02
  • Federal Flood Zone: No
  • Year Built: 1972
  • Assigned Parking Space Numbers: 3M
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Exhaust Fan, Freezer, Icemaker, Oven - Single, Oven/Range - Electric, Refrigerator
  • Entry Floor: 3
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Stall Shower
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Sliding Glass, Storm
  • Elevators Count: 1
  • Wall Ceiling Types: Plaster Walls
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Laundry
  • Basement: No
  • Laundry Type: Has Laundry, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1086
  • Living Area Sq Ft: 1086
  • Price Per Sq Ft: 506.45
  • Above Grade Finished Sq Ft: 1086
  • 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
  • Roof: Flat
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: On Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 317.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Reserve Funds
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5403248
  • Tax Annual Amount: 5313.00
  • Assessor Parcel Number: 10-074681
  • Tax Lot: 3M
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 10, 2021
Sold by
Wagner Thomas
Bought by
Boden Sandra
Seller's Agent
Shannon Smith
Northrop Realty
Buyer's Agent
Maia Miculinic
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$550,000
Sold Price
$575,000
Premium/Discount to List
$25,000
4.55%
Current Estimated Value
$657,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,187
Avg. Annual Appreciation
2.96%
Original Mortgage
$460,000
Outstanding Balance
$416,223
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$240,964

Purchase Details

Closed on
Oct 9, 2019
Sold by
Wagner Thomas and Wagner Steven
Bought by
Wagner Thomas

Purchase Details

Closed on
May 23, 1995
Sold by
Johnson Robert A and Johnson Kay L
Bought by
Wagner Dan W and Wagner Emma M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Boden Sandra $575,000 Capitol Title Group
Wagner Thomas -- None Available
Wagner Thomas -- None Available
Wagner Dan W $142,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boden Sandra $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $575,000 +4.5% $529 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $550,000 -- $506 / 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 $6,489 $475,200 $0 $0
2024 $5,939 $425,600 $0 $0
2023 $5,284 $376,000 $263,200 $112,800
2022 $5,284 $376,000 $263,200 $112,800
2021 $5,313 $376,000 $263,200 $112,800
2020 $5,313 $376,000 $263,200 $112,800
2019 $5,317 $373,733 $0 $0
2018 $5,232 $371,467 $0 $0
2017 $5,242 $369,200 $0 $0
2016 $5,712 $369,200 $0 $0
2015 $5,712 $369,200 $0 $0
2014 $5,712 $369,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shannon Smith

    Seller's Agent in 2021

    Shannon Smith

    Creig Northrop Team of Long & Foster

    (302) 539-2900

    11 in this area

    164 Total Sales

    Shannon Smith
    Section Image
  • Christine Lombardi

    Seller Co-Listing Agent in 2021

    Christine Lombardi

    Creig Northrop Team of Long & Foster

    (302) 236-2257

    5 in this area

    73 Total Sales

    Christine Lombardi
    Section Image
  • Maia Miculinic

    Buyer's Agent in 2021

    Maia Miculinic

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 880-1055

    23 in this area

    28 Total Sales

    Maia Miculinic
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO121228

Bright MLS

APN: 10-074681

Maryland Worcester County Ocean City 21842

5701 Atlantic Ave Unit 3M, Ocean City, MD

Not Listed for Sale

Condos

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