Seller's Agent in 2021
Joan Buchanan
Holiday Real Estate
(443) 783-7415
55 in this area
73 Total Sales
6 7th St Unit 702 Ocean City, MD 21842
Estimated Value: $1,543,000 - $1,799,683
4
Beds
4.5
Baths
2,876
Sq Ft
$1,534/mo
HOA Fee
Highlights
- Fitness Center
- Coastal Architecture
- 2 Fireplaces
- Ocean City Elementary School Rated A
- Community Indoor Pool
- Furnished
About This Home
As of November 2021Are you looking for the best Ocean City has to offer. PRIME LOCATION!! TAKE ADVANTAGE OF THIS RARE OPPORTUNITY to own a much sought after ocean front building located on the Ocean City boardwalk with high income producing potential. This PENTHOUSE END UNIT has the best view in the building. This unit produces $100,000.00 plus in rental income. Direct Ocean Front meticulously maintained 4-bedroom 4 1/2 -bathroom, 2876 square feet of luxury living. The unit has granite countertops with stainless steel appliances. Furnished with beautiful decor. Dual Master Suites on the Ocean with unparalleled views that lead out to an over sized balcony and one with its own master private balcony. The unit has two fireplaces, with one in the master bedroom. Living Room is absolutely huge with a with well-appointed kitchen. The only deeded parking spots in the building conveys with the unit in the covered gated garage. A large storage room/locker in the building that is perfect for all your beach toys and bikes. Additional feature include a 30 ft oceanfront balcony with a spectacular unobstructed view of the beach and the boardwalk. South Beach is a secure, private building that is well managed located right on the Boardwalk. Amenities include an outdoor pool, indoor pool, and fitness area. This property truly delivers a luxury lifestyle at the beach.
Last Agent to Sell the Property
(443) 783-7415 joanb@holidayoc.com Holiday Real Estate Listed on: 08/16/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $14,628
Year Built
- Built in 2006
Lot Details
- 828
HOA Fees
- $1,534 Monthly HOA Fees
Parking
- 2 Assigned Parking Garage Spaces
Home Design
- Coastal Architecture
- Contemporary Architecture
- Entry on the 6th floor
- Dryvit Stucco
- Stucco
Interior Spaces
- 2,876 Sq Ft Home
- Property has 1 Level
- Furnished
- Ceiling Fan
- 2 Fireplaces
- Gas Fireplace
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
- Back Up Electric Heat Pump System
- Electric Water Heater
- Public Septic
Additional Features
- Halls are 48 inches wide or more
- Flood Risk
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 702
- Assessor Parcel Number 10-749972
Community Details
Overview
- Association fees include all ground fee, common area maintenance, custodial services maintenance, exterior building maintenance, insurance, management, pool(s), sewer, water
- Mid-Rise Condominium
- South Beach Boardwalk Community
- Property Manager
Amenities
- Common Area
- 1 Elevator
Recreation
- Fitness Center
- Community Indoor Pool
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 16, 2021
Closed on
Nov 8, 2021
Sold by
Walter P Joyce
Bought by
Wagner Powell Properties Llc
Seller's Agent
Joan Buchanan
Holiday Real Estate
Buyer's Agent
Whitney Jarvis
Coldwell Banker Realty
List Price
$1,799,900
Sold Price
$1,495,000
Premium/Discount to List
-$304,900
-16.94%
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
$200,894
Avg. Annual Appreciation
3.23%
Purchase Details
Closed on
Nov 20, 2007
Sold by
May Development Llc
Bought by
Joyce Walter P
Purchase Details
Closed on
Nov 16, 2007
Sold by
May Development Llc
Bought by
Joyce Walter P
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 |
|---|---|---|---|
| Wagner Powell Properties Llc | $1,495,000 | None Available | |
| Joyce Walter P | $1,900,000 | -- | |
| Joyce Walter P | $1,900,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2021 11/08/21 | Sold | $1,495,000 | -16.9% | $520 / Sq Ft |
| 10/01/2021 10/01/21 | Pending | -- | -- | -- |
| 09/27/2021 09/27/21 | Price Changed | $1,799,900 | +5.9% | $626 / Sq Ft |
| 09/27/2021 09/27/21 | Price Changed | $1,699,900 | +900.5% | $591 / Sq Ft |
| 09/27/2021 09/27/21 | Price Changed | $169,900 | -90.6% | $59 / Sq Ft |
| 08/16/2021 08/16/21 | For Sale | $1,799,900 | -- | $626 / 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 | $17,410 | $1,274,967 | $0 | $0 |
| 2024 | $16,118 | $1,155,133 | $0 | $0 |
| 2023 | $14,550 | $1,035,300 | $724,700 | $310,600 |
| 2022 | $14,550 | $1,035,300 | $724,700 | $310,600 |
| 2021 | $14,630 | $1,035,300 | $724,700 | $310,600 |
| 2020 | $14,684 | $1,035,300 | $724,700 | $310,600 |
| 2019 | $14,728 | $1,035,300 | $724,700 | $310,600 |
| 2018 | $14,581 | $1,035,300 | $724,700 | $310,600 |
| 2017 | $15,025 | $1,058,300 | $0 | $0 |
| 2016 | $15,475 | $1,058,300 | $0 | $0 |
| 2015 | $19,913 | $1,058,300 | $0 | $0 |
| 2014 | $19,913 | $1,144,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joan Buchanan
-
Whitney Jarvis
Buyer's Agent in 2021
Whitney Jarvis
Coldwell Banker Realty
(443) 944-3073
51 in this area
132 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2001600
APN: 10-749972
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