NOT LISTED FOR SALE

6 7th St Unit 509 Ocean City, MD 21842

Estimated Value: $1,036,000 - $1,176,000

4 Beds
3 Baths
2,004 Sq Ft
$947/mo HOA Fee

Last Sold February 01, 2019

Last sale price $700,000 $349 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,703/month

Highlights

  • Ocean View
  • Main Floor Bedroom
  • Community Indoor Pool
  • Ocean City Elementary School Rated A
  • Whirlpool Bathtub
  • Furnished

About This Home

As of February 2019

Enjoy sweeping panoramic views from this oversized end-unit with large wrap-around balcony. This beautiful condo features a large owners suite, with walk in closet, soaking tub, and walk-in shower. The living room and dining room enjoy walk-out access from two slider doors onto an impressive southern (and western) exposure balcony, while still providing the owner with ocean, beach and boardwalk views. Recently upgraded & tiled living and master areas. Brand new 2017 HVAC (indoor and outdoor units). 2 assigned parking spaces. Control access lobby & elevators. Indoor pool, outdoor pool, fitness center and private storage lockers. **Property is currently in a summer weekly rental program with Central Reservations. Buyer must honor 2018 bookings.

Last Agent to Sell the Property

Grant Fritschle

(410) 430-5880 grant@markf.com Keller Williams Realty Delmarva License #RA0020779 Listed on: 12/05/2017

Keller Williams Realty Delmarva

Co-Listed By

Lora Fritschle

lorafritschle@gmail.com Condominium Realty, LTD

Last Buyer's Agent

Volha Panco

(443) 944-3330 lola.panco@gmail.com Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,200

Year Built

  • Built in 2006

Lot Details

  • Sprinkler System
  • Cleared Lot

HOA Fees

  • $947 Monthly HOA Fees

Home Design

  • Entry on the 5th floor
  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Stick Built Home
  • Dryvit Stucco
  • Masonry

Interior Spaces

  • 2,004 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Tile or Brick Flooring
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Handicap Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Storage Shed

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Halls are 36 inches wide or more
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 509
  • Assessor Parcel Number 749891

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, health club, insurance, lawn maintenance, pool(s), reserve funds, trash
  • 2 Elevators
  • Mid-Rise Condominium
  • South Beach Boardwalk Community

Recreation

  • Community Indoor Pool

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,200

Year Built

Built in 2006

Lot Details

0

HOA Fees

$947 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: 36"+ Wide Halls
  • Ownership: Condominium
  • Exclusions: Surf Artwork in Grey guest bedroom #2
  • Federal Flood Insurance: Yes
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Remarks Public: Enjoy sweeping panoramic views from this oversized end-unit with large wrap-around balcony. This beautiful condo features a large owners suite, with walk in closet, soaking tub, and walk-in shower. The living room and dining room enjoy walk-out access from two slider doors onto an impressive southern (and western) exposure balcony, while still providing the owner with ocean, beach and boardwalk views. Recently upgraded & tiled living and master areas. Brand new 2017 HVAC (indoor and outdoor units). 2 assigned parking spaces. Control access lobby & elevators. Indoor pool, outdoor pool, fitness center and private storage lockers. **Property is currently in a summer weekly rental program with Central Reservations. Buyer must honor 2018 bookings.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 5
  • Flooring Type: Tile/Brick
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Upgraded Countertops, Sprinkler System, Walk-In Closet(s), Whirlpool/Hottub
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 2
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Living Area Units: Square Feet
  • Total Sq Ft: 2004
  • Living Area Sq Ft: 2004
  • Price Per Sq Ft: 368.76
  • Above Grade Finished Sq Ft: 2004
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Masonry, Dryvit, Stick Built
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • View: Ocean, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Handicap Parking
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 11364.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Indoor, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Lawn Maintenance, Pool(s), Reserve Funds, Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Indoor

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 52000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5435762
  • Tax Annual Amount: 9200.00
  • Assessor Parcel Number: 749891
  • Tax Lot: 509
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 02/01/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2017
Closed on
Feb 1, 2019
Sold by
Roderus Sarah A and Roderus John H
Bought by
Sunshine Memories Properties Too Llc
Seller's Agent
Grant Fritschle
Keller Williams Realty Delmarva
Buyer's Agent
Volha Panco
Berkshire Hathaway HomeServices PenFed Realty
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$1,121,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,125
Avg. Annual Appreciation
7.24%
Original Mortgage
$550,000
Outstanding Balance
$484,524
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$636,601

Purchase Details

Closed on
Dec 8, 2017
Sold by
70Th Street Development Llc
Bought by
Fritschle Grant K and Fritschle Lora Mae

Purchase Details

Closed on
May 30, 2006
Sold by
May Development Llc
Bought by
70Th Street Development Llc

Purchase Details

Closed on
May 19, 2006
Sold by
May Development Llc
Bought by
70Th Street Development Llc
Source: Public Records

Range of Values:

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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
Sunshine Memories Properties Too Llc -- Ocean Investments Title Corp
Roderus Sarah A $700,000 Ocean Investments Title Corp
Fritschle Grant K -- None Available
70Th Street Development Llc $1,072,900 --
70Th Street Development Llc $1,072,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roderus Sarah A $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2019 02/01/19 Sold $700,000 -5.3% $349 / Sq Ft
12/17/2018 12/17/18 Pending -- -- --
11/15/2018 11/15/18 Price Changed $739,000 -1.5% $369 / Sq Ft
10/30/2018 10/30/18 For Sale $750,000 0.0% $374 / Sq Ft
07/25/2018 07/25/18 Price Changed $750,000 -5.1% $374 / Sq Ft
03/24/2018 03/24/18 Price Changed $789,900 -1.3% $394 / Sq Ft
12/05/2017 12/05/17 For Sale $799,900 -- $399 / 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 $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 -- $651,300 $0 $0
2015 $7,368 $651,300 $0 $0
2014 $7,368 $651,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001560526

Bright MLS

APN: 10-749891