NOT LISTED FOR SALE

5701 Atlantic Ave Unit 4N Ocean City, MD 21842

Estimated Value: $556,000 - $651,000

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

Last Sold September 06, 2019

Last sale price $365,000 $321 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,135/month

11 Days on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Sandy Beach
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Open Floorplan

About This Home

As of September 2019

Absolute Direct Oceanfront Living Area Views with an Oceanfront Master! The ocean views are spectacular from this 4th Floor End Condo with private balcony. Fresh paint and trim just added inside+Home Warranty for Buyer. Original owners, this condo is currently in the CB Vacations Rental Program for 2019. Make your appt to see it until the rentals start on July 7th!Don't wait-see it/buy it now!

Last Agent to Sell the Property

Kimii Leizure

(443) 614-6641 kimii.leizure@cbmove.com Coldwell Banker Realty Listed on: 06/24/2019

Coldwell Banker Realty

Last Buyer's Agent

Carol Proctor

(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,349

Year Built

  • Built in 1972

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Property is in very good condition

HOA Fees

  • $317 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Dryvit Stucco
  • Masonry

Interior Spaces

  • 1,136 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • ENERGY STAR Qualified Windows with Low Emissivity
  • Vinyl Clad Windows
  • Insulated Windows
  • Window Treatments
  • Sliding Windows
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Parking Lot
  • 2 Assigned Parking Spaces

Outdoor Features

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

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Property is used as a vacation rental
  • Tax Lot 7943
  • Assessor Parcel Number 10-074584

Community Details

Overview

  • Association fees include common area maintenance, insurance, lawn maintenance, management, reserve funds, trash, water, cable TV, exterior building maintenance, high speed internet
  • 15 Units
  • Mid-Rise Condominium
  • Mariner II Condominium Association Condos
  • Mariner II Community

Amenities

  • Common Area
  • 1 Elevator

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,349

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
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-06-24
  • Federal Flood Zone: No
  • Year Built: 1972
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Heater, Oven/Range - Electric
  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Crown Moldings, Combination Dining/Living, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Ocean Front, Window Treatments
  • Window Features: Vinyl Clad, Storm, Sliding, Insulated, Energy Star Qualified, Low-E
  • Elevators Count: 1
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1136
  • Living Area Sq Ft: 1136
  • Price Per Sq Ft: 316.02
  • 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: Dryvit, Masonry, Concrete
  • Exterior Features: Outside Shower
  • Roof: Flat
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3800.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Mariner II Condominium Association
  • HOA Condo Co-Op Amenities: Elevator, Cable, Common Grounds, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Maintenance, Management, Reserve Funds, Trash, Water, Cable Tv, Ext Bldg Maint, High Speed Internet
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: 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: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5403240
  • Tax Annual Amount: 5349.00
  • Assessor Parcel Number: 10-074584
  • Tax Lot: 7943
  • 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

Closed on
Sep 8, 2022
Sold by
Adkins Jon S and Adkins January A
Bought by
Jon S Adkins And January A Adkins Revocable T and Adkins
Current Estimated Value
$623,097

Purchase Details

Listed on
Jun 24, 2019
Closed on
Sep 5, 2019
Sold by
Chun Susan Ferris and Chun Stephen S
Bought by
Adkins January A and Adkins Jon S
Seller's Agent
Kimii Leizure
Coldwell Banker Realty
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$359,000
Sold Price
$365,000
Premium/Discount to List
$6,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$273,825
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2014
Sold by
Ferris Elizabeth M
Bought by
Ferris Elizabeth M and Smuck John C
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
Jon S Adkins And January A Adkins Revocable T -- None Listed On Document
Adkins January A $365,100 Certified Title Corporation
Ferris Elizabeth M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adkins January A $273,825
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2019 09/06/19 Sold $365,000 +1.7% $321 / Sq Ft
07/06/2019 07/06/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $359,000 -- $316 / 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 -- $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

  • Kimii Leizure

    Seller's Agent in 2019

    Kimii Leizure

    Coldwell Banker Realty

    (443) 614-6641

    1 in this area

    2 Total Sales

    Kimii Leizure
    Section Image
  • Carol Proctor

    Buyer's Agent in 2019

    Carol Proctor

    BHHS PenFed (actual)

    (443) 567-0650

    370 in this area

    515 Total Sales

    Carol Proctor
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO107148

Bright MLS

APN: 10-074584

Maryland Worcester County Ocean City 21842

5701 Atlantic Ave Unit 4N, Ocean City, MD

Not Listed for Sale

Condos

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