Seller's Agent in 2021
Jay Phillips
Holiday Real Estate
(410) 726-8631
26 in this area
149 Total Sales
6 7th St Unit 502 Ocean City, MD 21842
Estimated Value: $984,000 - $1,158,000
3
Beds
3
Baths
1,710
Sq Ft
$760/mo
HOA Fee
Highlights
- 35 Feet of Waterfront
- Fitness Center
- Coastal Architecture
- Ocean City Elementary School Rated A
- Water Oriented
- Community Indoor Pool
About This Home
As of September 2021The Absolute BEST in Direct Ocean front Living from this Pristine Maintained Building located on 7th and Boardwalk. Kick back and enjoy the sounds of the Ocean and the crisp salt air from your Oversized Balcony. Building Features Enclosed Climate Controlled Corridors, Private/secure Elevators and Lobby, Spacious Indoor Pool with spectacular Beach to Bay views , Oceanfront Outdoor Pool, Fitness Center with Quality Equipment, Gated Covered Parking Garage with 2 Parking Spots, and a Large Private Beach Climate Controlled Storage Locker. Master Bedroom and living room are Direct Ocean Front with direct access to private huge 8' x 30' balcony. This spacious stylish condo offers distinctive details: Granite counters, Tile flooring, Crown molding, full size Laundry room, walk in closets, Gas Fire place and all the finishes you would except in a Luxury Unit. Well maintained with New HVAC System and Hot Water Heater. With Three Well appointed Bedrooms and Three Full sized Baths this unit would be ideal for a Family retreat or Great Investment property that would have a GRI of $70k. Property is Turn Key and ready for you to enjoy the Finest in Coastal Living. Your search has ended now and it is time to Experience what You have been waiting for.
Last Agent to Sell the Property
(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate Listed on: 06/12/2021
Last Buyer's Agent
(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,326
Year Built
- Built in 2006
Lot Details
- 436
HOA Fees
- $760 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Parking Lot
Home Design
- 1,710 Sq Ft Home
- Coastal Architecture
- Entry on the 4th floor
- Metal Roof
- Masonry
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Water Oriented
- Property is near an ocean
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Electric Water Heater
Additional Features
- Washer and Dryer Hookup
- Halls are 48 inches wide or more
- 35 Feet of Waterfront
- Flood Risk
Listing and Financial Details
- Tax Lot 502
- Assessor Parcel Number 10-749824
Community Details
Overview
- Association fees include pool(s), trash, management, common area maintenance
- Mid-Rise Condominium
- South Beach Boardwalk Community
- Property Manager
- Property has 6 Levels
Amenities
- Elevator
Recreation
- Fitness Center
- Community Indoor Pool
- Heated Community Pool
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2021
Closed on
Sep 9, 2021
Sold by
Zonis Brian C and Zonis Betty Jo
Bought by
Laurenzano Laura Cathleen and Laurenzano Rocco S
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
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
$149,025
Avg. Annual Appreciation
3.71%
Purchase Details
Closed on
Jun 21, 2013
Sold by
Varner Cotton Da Neeka L and Varner Mount Linda
Bought by
Zonis Brian C and Zonis Betty Jo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.59%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 22, 2008
Sold by
May Development Llc
Bought by
Cotton Da Neeka L and Montvaener Geoffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 27, 2008
Sold by
May Development Llc
Bought by
Cotton Da Neeka L and Montvaener Geoffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
6.5%
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 |
|---|---|---|---|
| Laurenzano Laura Cathleen | $922,500 | Certified Title Corporationn | |
| Zonis Brian C | $650,000 | Maryland Title Services Corp | |
| Cotton Da Neeka L | $984,000 | -- | |
| Cotton Da Neeka L | $984,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Zonis Brian C | $400,000 | |
| Previous Owner | Cotton Da Neeka L | $885,000 | |
| Previous Owner | Cotton Da Neeka L | $885,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/20/2021 09/20/21 | Sold | $925,000 | -7.0% | $541 / Sq Ft |
| 07/07/2021 07/07/21 | Pending | -- | -- | -- |
| 06/12/2021 06/12/21 | For Sale | $995,000 | -- | $582 / 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 | $655,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Phillips
-
Carol Proctor
Buyer's Agent in 2021
Carol Proctor
BHHS PenFed (actual)
(443) 567-0650
396 in this area
545 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO123042
APN: 10-749824
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