Seller's Agent in 2021
Chris Jett
RE/MAX
(443) 523-2360
160 in this area
207 Total Sales
6 7th St Unit 409 Ocean City, MD 21842
Estimated Value: $1,045,000 - $1,203,000
4
Beds
3
Baths
2,004
Sq Ft
$1,186/mo
HOA Fee
Highlights
- Ocean View
- Fitness Center
- Gourmet Kitchen
- Ocean City Elementary School Rated A
- Water Oriented
- Waterfront
About This Home
As of April 2021Luxury beach living at it's finest! On the boardwalk In the heart of Ocean City and just steps to the beach. This summer retreat has been well maintained and is in mint condition. Newer appliances and HVAC systems, new carpet and paint throughout.? The floor plan is spacious and comfortable. It also features one of the largest balconies in all of Ocean City to enjoy all your outdoor living. The convenient living environment, features a modern gourmet kitchen with granite counter tops, stainless steel appliances, breakfast bar, separate dining area, large open living room with a fireplace, and over-sized balconies for relaxing after a day at the beach and taking in the sunsets! Take a swim in the indoor or outdoor pools or get your workout in the on-site fitness center. 2 assigned parking spots and secure storage for beach gear. South Beach is your premier condo building on the boardwalk. Property is not rental but would make an excellent income producing rental. This is a one of a kind and must see property! Call and make your appointment today!
Last Agent to Sell the Property
(443) 523-2360 chris@shore4u.com RE/MAX Advantage Realty License #RS-0019287 Listed on: 02/12/2021
Last Buyer's Agent
(443) 783-0249 tony@oceancity4sales.com Berkshire Hathaway HomeServices PenFed Realty
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,457
Year Built
- Built in 2006
Lot Details
- Waterfront
- Property is in very good condition
HOA Fees
- $1,186 Monthly HOA Fees
Home Design
- Coastal Architecture
- Entry on the 4th floor
- Built-Up Roof
- Metal Roof
Interior Spaces
- 2,004 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Gas Fireplace
- Dining Area
- Ocean Views
Kitchen
- Gourmet Kitchen
- Stove
- Built-In Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- On-Street Parking
- 2 Assigned Parking Spaces
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Balcony
- Exterior Lighting
Location
- Flood Risk
Schools
- Berlin Intermediate School
- Stephen Decatur High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 409
- Assessor Parcel Number 10-749808
Community Details
Overview
- Mid-Rise Condominium
- Mann Properties Condos
- South Beach Boardwalk Community
Amenities
- Meeting Room
- 2 Elevators
Recreation
- Fitness Center
- Community Indoor Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2021
Closed on
Apr 27, 2021
Sold by
Stempel Calvin B and Stempel Jennifer A
Bought by
Tbee Llc
Seller's Agent
Chris Jett
RE/MAX Advantage Realty
Buyer's Agent
Anthony Golden
Berkshire Hathaway HomeServices PenFed Realty
List Price
$824,000
Sold Price
$805,000
Premium/Discount to List
-$19,000
-2.31%
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
$330,513
Avg. Annual Appreciation
7.94%
Original Mortgage
$644,000
Outstanding Balance
$582,712
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$552,801
Purchase Details
Closed on
Sep 10, 2013
Sold by
Lam Robert C and Lam Maureen C
Bought by
Stempel Calvin B and Stempel Jennifer A
Purchase Details
Closed on
May 30, 2006
Sold by
May Development Llc
Bought by
Lam Robert C and Lam Maureen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$879,900
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 19, 2006
Sold by
May Development Llc
Bought by
Lam Robert C and Lam Maureen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$879,900
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Tbee Llc | $805,000 | None Available | |
| Stempel Calvin B | $795,000 | Global Title Inc | |
| Lam Robert C | $1,099,900 | -- | |
| Lam Robert C | $1,099,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tbee Llc | $644,000 | |
| Previous Owner | Lam Robert C | $879,900 | |
| Previous Owner | Lam Robert C | $879,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2021 04/27/21 | Sold | $805,000 | -2.3% | $402 / Sq Ft |
| 02/12/2021 02/12/21 | For Sale | $824,000 | -- | $411 / 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 | $10,526 | $770,833 | $0 | $0 |
| 2024 | $10,048 | $720,067 | $0 | $0 |
| 2023 | $9,406 | $669,300 | $468,500 | $200,800 |
| 2022 | $9,406 | $669,300 | $468,500 | $200,800 |
| 2021 | $9,458 | $669,300 | $468,500 | $200,800 |
| 2020 | $9,457 | $669,300 | $468,500 | $200,800 |
| 2019 | $9,436 | $663,300 | $0 | $0 |
| 2018 | $9,258 | $657,300 | $0 | $0 |
| 2017 | $9,247 | $651,300 | $0 | $0 |
| 2016 | $10,052 | $651,300 | $0 | $0 |
| 2015 | $10,052 | $651,300 | $0 | $0 |
| 2014 | $10,052 | $651,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Jett
-
Anthony Golden
Buyer's Agent in 2021
Anthony Golden
BHHS PenFed (actual)
(443) 783-0249
156 in this area
186 Total Sales
-
Carol Proctor
Buyer Co-Listing Agent in 2021
Carol Proctor
BHHS PenFed (actual)
(443) 567-0650
390 in this area
539 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO120180
APN: 10-749808
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