NOT LISTED FOR SALE

5707 Atlantic Ave Unit 4 Ocean City, MD 21842

Estimated Value: $1,022,000 - $1,309,000

5 Beds
4 Baths
1,620 Sq Ft
$722/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $773,000 $477 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,325/month

4 Days on Market

Highlights

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

About This Home

As of May 2020

HARD TO FIND DIRECT OCEANFRONT 5BR 4BA TOWNHOUSE! You can enjoy 3 oceanfront decks with great ocean views! You can also walk right out to a private sandy beach area! The 1st floor features a bedroom/living area with a full bath and direct access to the beach! The second level features the living room , kitchen and dinning area and a bay side bedroom and full bath. The large deck off the living room is a fantastic family gathering area with ocean views and stairs directly down to the beach! You can relax and sun bath during the day and look out over the ocean under the stars at night! The 3rd floor features an oceanfront master with another spectacular oceanfront deck and a 4th bedroom on the bay side! The 4th floor adds that 5th bedroom on the oceanfront , a full bath and another Oceanfront deck with panoramic views up and down the beach! This oceanfront townhouse is perfect for a large family looking to create ocean memories that last forever! It has also been a fantastic rental $50,000 in gross rental income in 2019! This is a unique opportunity and a "Must See Porperty"!

Last Agent to Sell the Property

Katy Durham

(410) 726-2398 kdurham@cbmove.com Coldwell Banker Realty Listed on: 04/09/2020

Coldwell Banker Realty

Co-Listed By

Katy Durham and Rick Meehan

(410) 726-2398 rmeehan@cbmove.com 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

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,334

Year Built

  • Built in 1966

Lot Details

  • Ocean Front
  • Private Beach
  • Property is in good condition

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Built-Up Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 1,620 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Sliding Windows
  • Window Screens
  • Combination Kitchen and Dining Room
  • Ocean Views

Kitchen

  • Galley Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • Private Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • Association fees include common area maintenance, insurance
  • Beach Colony Community

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 4
  • Assessor Parcel Number 10-074762

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,334

Year Built

Built in 1966

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Exclusions: Personal items, items in owners closets, wall hangings
  • Historic: No
  • Home Warranty: No
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Dryer, Exhaust Fan, Microwave, Refrigerator, Stove, Washer, Water Heater
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley, Primary Bath(s), Primary Bedroom - Ocean Front, Tub Shower, Window Treatments, Wood Floors
  • Window Features: Screens, Sliding
  • Fireplace: No
  • Foundation Details: Pilings
  • Levels Count: 3+
  • Basement: No
  • Laundry Type: Dryer In Unit, Lower Floor, Washer In Unit
  • Total Sq Ft: 1620
  • Living Area Sq Ft: 1620
  • Price Per Sq Ft: 493.77
  • Above Grade Finished Sq Ft: 1620
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Private Beach
  • Roof: Built-Up
  • Spa: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • 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: 3000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s), Balcony
  • Property Condition: Good
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5403253
  • Tax Annual Amount: 9334.00
  • Assessor Parcel Number: 10-074762
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
Jun 17, 2020
Sold by
Bayne Rodger Alan and Morgan Dawn
Bought by
Bayne Rodger Alan and Morgan Dawn
Seller's Agent
Katy Durham
Coldwell Banker Realty
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$799,900
Sold Price
$773,000
Premium/Discount to List
-$26,900
-3.36%
Current Estimated Value
$1,169,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,190
Avg. Annual Appreciation
7.67%
Original Mortgage
$508,400
Outstanding Balance
$450,513
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$718,677

Purchase Details

Listed on
Apr 9, 2020
Closed on
May 15, 2020
Sold by
Bayne Rodger Alan
Bought by
Bayne Rodger Alan and Morgan Dawn
Seller's Agent
Katy Durham
Coldwell Banker Realty
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$799,900
Sold Price
$773,000
Premium/Discount to List
-$26,900
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,400
Outstanding Balance
$450,513
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$718,677
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
Bayne Rodger Alan -- None Available
Bayne Rodger Alan -- None Available
Bayne Rodger Alan $773,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bayne Rodger Alan $508,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $773,000 -3.4% $477 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $799,900 -- $494 / 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 $11,098 $812,700 $0 $0
2024 $10,248 $734,400 $0 $0
2023 $9,221 $656,100 $459,200 $196,900
2022 $9,221 $656,100 $459,200 $196,900
2021 $9,271 $656,100 $459,200 $196,900
2020 $9,270 $656,100 $459,200 $196,900
2019 $9,334 $656,100 $459,200 $196,900
2018 $9,241 $656,100 $459,200 $196,900
2017 $9,061 $656,100 $0 $0
2016 -- $638,267 $0 $0
2015 $8,029 $620,433 $0 $0
2014 $8,029 $602,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katy Durham

    Seller's Agent in 2020

    Katy Durham

    Coldwell Banker Realty

    (410) 726-2398

    54 in this area

    65 Total Sales

    Katy Durham
    Section Image
  • Katy Durham and Rick Meehan

    Seller Co-Listing Agent in 2020

    Katy Durham and Rick Meehan

    Coldwell Banker Realty

    (410) 726-2398

    29 in this area

    35 Total Sales

    Katy Durham and Rick Meehan
    Section Image
  • Carol Proctor

    Buyer's Agent in 2020

    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: MDWO113196

Bright MLS

APN: 10-074762

Maryland Worcester County Ocean City 21842

5707 Atlantic Ave Unit 4, Ocean City, MD

Not Listed for Sale

Townhouses

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