Seller's Agent in 2022
Candi Noyes
Coldwell Banker Realty
(410) 524-1203
80 in this area
101 Total Sales
6 7th St Unit 203 Ocean City, MD 21842
Estimated Value: $984,000 - $1,158,000
3
Beds
3
Baths
1,710
Sq Ft
$969/mo
HOA Fee
Highlights
- 200 Feet of Waterfront
- Beach
- Fitness Center
- Ocean City Elementary School Rated A
- Public Beach
- Fishing Allowed
About This Home
As of March 2022An Oceanfront luxury building located in the heart of Ocean City - A rare rental investment opportunity you don't want to miss! Over $89,000 gross rental income in 2021, with built in repeat family-based clientele established going back to 2007. This property has the highest tier of weekly rental rates in Ocean City. DIRECT oceanfront high-end 3 bedroom 3 bath condominium with a HUGE oceanfront balcony overlooking Ocean City's famous boardwalk and beach - truly among the largest private balconies on the boardwalk in all of Ocean City. The Master bedroom and living room are direct boardwalk ocean front with direct access to private balcony. Magnificent views of the ocean, boardwalk and pier. Watch fireworks, air show and all the magic of Ocean City that happens right outside your doorstep. The building is located in a great downtown location, and the condo is a prime location in the building. All high-end conveniences such as gas fireplace, central air and heat pump with weather shield coils, top of the line cabinetry, gourmet kitchen, granite kitchen counter tops, stainless steel appliances, washer, dryer, and dishwasher. Meticulously maintained with many upgrades including a new smart TV (2021), new commercial hot water heater (2020), new stove (2021), new ceiling fans (2018-19) and all new bedding (2018, 2021). Two deeded, assigned private parking spaces in secure, restricted access, covered garage directly adjacent to unit on the same floor. Literally just a few steps from your car to your front door without ever having to use the elevator. A large deeded storage locker(6'x8') for any and all beach gear; large enough to fit big items like surfboards, beach tents, bikes, etc. Two elevators in building. Building has exceptional amenities that go the extra mile for your summer retreat, including large heated indoor pool with panoramic Ocean and Bay views open April through October, rooftop outdoor pool and sundeck open seasonally, also with unforgettable ocean and bay , outdoor locked showers available on ground floor when coming from the beach, and fitness center on the top floor of building with great views and television. Secure and limited access to building, elevators and all facilities. Be sure to click on the video icon for birds eye view and tour! Personalized video tours upon request. The combination of huge balcony, same floor parking in secure garage, indoor and outdoor pools, great location directly on boardwalk, and exceptional rental history make this a truly unique and unmatched property. Come visit this slice of paradise; for your personal enjoyment and the easiest and most profitable rental investment you'll ever make!
Last Agent to Sell the Property
(410) 524-1203 candi@candinoyes.com Coldwell Banker Realty Listed on: 08/14/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,326
Year Built
- Built in 2006
Lot Details
- 200 Feet of Waterfront
- Home fronts navigable water
- Public Beach
HOA Fees
- $969 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Side Facing Garage
- Garage Door Opener
- Assigned Parking
Home Design
- Coastal Architecture
- Entry on the 2nd floor
- Dryvit Stucco
- Masonry
Interior Spaces
- 1,710 Sq Ft Home
- Property has 1 Level
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 3 Full Bathrooms
Accessible Home Design
- Accessible Elevator Installed
- Halls are 36 inches wide or more
- Doors swing in
- Level Entry For Accessibility
Outdoor Features
- Canoe or Kayak Water Access
- Public Water Access
- Property is near an ocean
- Personal Watercraft
- Waterski or Wakeboard
- Sail
- Swimming Allowed
- Powered Boats Permitted
Location
- Flood Risk
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Public Septic
- Phone Available
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 203
- Assessor Parcel Number 10-749654
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, health club, insurance, management, pool(s), recreation facility, reserve funds, sauna
- Mid-Rise Condominium
- South Beach Condos
- South Beach Boardwalk Community
- Property Manager
Recreation
- Beach
- Fitness Center
- Community Indoor Pool
- Fishing Allowed
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2018
Closed on
Jun 27, 2018
Sold by
Sutherland Clifford H and Sutherland Patricia A
Bought by
Adelman Simpson Allan and Adelman Catherine Ann
Seller's Agent
Candi Noyes
Coldwell Banker Realty
Buyer's Agent
Michael Rutledge
Berkshire Hathaway HomeServices Homesale Realty
List Price
$875,000
Sold Price
$809,000
Premium/Discount to List
-$66,000
-7.54%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,370
Avg. Annual Appreciation
3.87%
Original Mortgage
$647,200
Outstanding Balance
$551,194
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$518,176
Purchase Details
Closed on
Aug 15, 2006
Sold by
May Development Llc
Bought by
Sutherland Clifford H and Sutherland Patricia
Purchase Details
Closed on
Aug 11, 2006
Sold by
May Development Llc
Bought by
Sutherland Clifford H and Sutherland Patricia
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Adelman Simpson Allan | $809,000 | Ocean Invetsments Title Corp | |
| Sutherland Clifford H | $1,525,000 | -- | |
| Sutherland Clifford H | $1,525,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Adelman Simpson Allan | $647,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/10/2022 03/10/22 | Sold | $1,050,000 | -11.8% | $614 / Sq Ft | |
| 01/14/2022 01/14/22 | Pending | -- | -- | -- | |
| 10/11/2021 10/11/21 | Price Changed | $1,190,000 | -4.8% | $696 / Sq Ft | |
| 08/14/2021 08/14/21 | For Sale | $1,250,000 | +54.5% | $731 / Sq Ft | |
| 06/27/2018 06/27/18 | Sold | $809,000 | -7.5% | $473 / Sq Ft | View Prior Sale |
| 05/23/2018 05/23/18 | Pending | -- | -- | -- | |
| 03/05/2018 03/05/18 | For Sale | $875,000 | -- | $512 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $10,321 | $755,800 | $0 | $0 |
| 2024 | $9,878 | $707,900 | $0 | $0 |
| 2023 | $9,275 | $660,000 | $462,000 | $198,000 |
| 2022 | $9,275 | $660,000 | $462,000 | $198,000 |
| 2021 | $9,326 | $660,000 | $462,000 | $198,000 |
| 2020 | $9,248 | $660,000 | $462,000 | $198,000 |
| 2019 | $9,276 | $652,033 | $0 | $0 |
| 2018 | $9,071 | $644,067 | $0 | $0 |
| 2017 | $9,031 | $636,100 | $0 | $0 |
| 2016 | -- | $636,100 | $0 | $0 |
| 2015 | $10,527 | $636,100 | $0 | $0 |
| 2014 | $10,527 | $692,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Candi Noyes
-
Michael Noyes
Seller Co-Listing Agent in 2022
Michael Noyes
Coldwell Banker Realty
(410) 251-8967
52 in this area
64 Total Sales
-
Monica McNamara
Buyer's Agent in 2022
Monica McNamara
Coldwell Banker Realty
(410) 524-6111
63 in this area
81 Total Sales
-
Kevin McNamara
K
Buyer Co-Listing Agent in 2022
Kevin McNamara
Coldwell Banker Realty
(410) 524-6111
10 in this area
20 Total Sales
-
Michael Rutledge
Buyer's Agent in 2018
Michael Rutledge
Berkshire Hathaway HomeServices Homesale Realty
(410) 804-2144
8 in this area
51 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2001530
APN: 10-749654
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