Seller's Agent in 2020
Joyce Melbourne Husman
Berkshire Hathaway HomeServices PenFed Realty - OP
(410) 490-0948
12 in this area
21 Total Sales
6 7th St Unit 704 Ocean City, MD 21842
Estimated Value: $810,000 - $1,062,000
3
Beds
3
Baths
1,642
Sq Ft
$933/mo
HOA Fee
Highlights
- Ocean Front
- Water Access
- Open Floorplan
- Ocean City Elementary School Rated A
- Gourmet Kitchen
- Main Floor Bedroom
About This Home
As of October 2020Downtown Ocean City's premier address is only a few steps across the boardwalk to the beach! This oceanfront building has beautiful views of the ocean, the boardwalk and the bay. It doesn't get any better! Featuring 3 large bedrooms and 3 gorgeously designed full baths to accommodate gatherings of large families and friends. In the South Beach Condominium only the top floor penthouse features 11.5 ft. tray ceilings and architecturally arched windows for a dramatic effect as you enter the condo. Sunlight abounds! The jacuzzi tub in the master bath is also a unique feature on the penthouse level. There is plenty of space for family dining in the large dining area as well as bar stools at the cantilevered granite counter. If you prefer outdoor dining check out this huge 28 ft. balcony accessible from both the living room and the master bedroom furnished with delightful outdoor furniture for your dining and relaxing pleasure. This property makes a great second home but if you desire to generate some rental income it has excellent income potential estimated at approximately $65,000 per season. Current owner does both, uses it for personal use part of the time and rents it on a weekly basis the rest of the time, the best of both worlds. This well maintained building features both indoor and outdoor pools, exercise/fitness room, gated parking garage with 2 assigned spaces and additional guest parking spaces, private locked storage space, outdoor shower and is pristinely maintained with a well run condo association. This unit features full size washer and dryer for drying lots of beach towels. The indoor pool and the exercise room equipped with nice work out equipment are both located on the same level as this unit for your convenience. The outdoor pool is only a few steps down from the 7th floor and has a beautiful ocean and boardwalk view. The location of this unit allows you to walk to everything, restaurants, shops, bars and pubs, amusements, all the fun that Ocean City has to offer. Make this gorgeous vacation home yours today. A must see property that is perfectly priced!
Last Agent to Sell the Property
(410) 490-0948 joycemelbourne@comcast.net Berkshire Hathaway HomeServices PenFed Realty - OP License #39515 Listed on: 09/16/2020
Last Buyer's Agent
(301) 875-1821 tina.dorsey13@gmail.com Coastal Life Realty Group LLC License #RS-0024229
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,238
Year Built
- Built in 2006
Lot Details
- Ocean Front
- Home fronts navigable water
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $933 Monthly HOA Fees
Parking
- Assigned Parking Garage Space
- Lighted Parking
Property Views
- Ocean
- Bay
- City
Home Design
- Entry on the 7th floor
- Pitched Roof
- Built-Up Roof
- Metal Roof
- Piling Construction
- Dryvit Stucco
Interior Spaces
- 1,642 Sq Ft Home
- Open Floorplan
- Furnished
- Built-In Features
- Crown Molding
- Tray Ceiling
- Ceiling height of 9 feet or more
- Ceiling Fan
- Recessed Lighting
- Fireplace Mantel
- Gas Fireplace
- Double Pane Windows
- Vinyl Clad Windows
- Double Hung Windows
- Sliding Windows
- Sliding Doors
- Six Panel Doors
- Combination Dining and Living Room
- Security Gate
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Self-Cleaning Oven
- Built-In Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Soaking Tub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry on main level
- Electric Front Loading Dryer
- Washer
Accessible Home Design
- No Interior Steps
- Level Entry For Accessibility
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
Outdoor Features
- Outdoor Shower
- Water Access
- Property is near an ocean
- Balcony
- Exterior Lighting
- Outdoor Storage
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Vented Exhaust Fan
- Programmable Thermostat
- High-Efficiency Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 704
- Assessor Parcel Number 10-749999
Community Details
Overview
- 2 Elevators
- Mid-Rise Condominium
- South Beach Boardwalk Condos
- South Beach Boardwalk Community
- Property Manager
- Property has 7 Levels
Recreation
- Community Indoor Pool
Pet Policy
- Breed Restrictions
Security
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2020
Closed on
Oct 29, 2020
Sold by
Obringer Steven R and Obringer Linda
Bought by
Szemiel Edyta and Poltorak Maciej
Seller's Agent
Joyce Melbourne Husman
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Tina Dorsey
Coastal Life Realty Group LLC
List Price
$679,000
Sold Price
$679,000
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
$281,472
Avg. Annual Appreciation
7.17%
Original Mortgage
$475,300
Outstanding Balance
$343,313
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$617,159
Purchase Details
Closed on
May 23, 2006
Sold by
May Development Llc
Bought by
Ely John H and Ely Kay
Purchase Details
Closed on
May 19, 2006
Sold by
May Development Llc
Bought by
Ely John H and Ely Kay
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 |
|---|---|---|---|
| Szemiel Edyta | $679,000 | None Available | |
| Ely John H | $839,900 | -- | |
| Ely John H | $839,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Szemiel Edyta | $475,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2020 10/29/20 | Sold | $679,000 | 0.0% | $414 / Sq Ft |
| 09/17/2020 09/17/20 | Pending | -- | -- | -- |
| 09/16/2020 09/16/20 | For Sale | $679,000 | -- | $414 / 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 | $8,102 | $593,300 | $0 | $0 |
| 2024 | $7,714 | $552,800 | $0 | $0 |
| 2023 | $7,200 | $512,300 | $358,600 | $153,700 |
| 2022 | $7,200 | $512,300 | $358,600 | $153,700 |
| 2021 | $7,239 | $512,300 | $358,600 | $153,700 |
| 2020 | $7,181 | $512,300 | $358,600 | $153,700 |
| 2019 | $7,202 | $506,267 | $0 | $0 |
| 2018 | $7,045 | $500,233 | $0 | $0 |
| 2017 | $6,698 | $494,200 | $0 | $0 |
| 2016 | -- | $471,767 | $0 | $0 |
| 2015 | $6,542 | $449,333 | $0 | $0 |
| 2014 | $6,542 | $426,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joyce Melbourne Husman
-
Tina Dorsey
Buyer's Agent in 2020
Tina Dorsey
Coastal Life Realty Group LLC
(301) 875-1821
97 in this area
144 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO116828
APN: 10-749999
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