Seller's Agent in 2019
Michael Rutledge
Berkshire Hathaway HomeServices Homesale Realty
(410) 804-2144
8 in this area
51 Total Sales
6 7th St Unit 705 Ocean City, MD 21842
Estimated Value: $810,000 - $1,154,000
3
Beds
3
Baths
1,642
Sq Ft
$644/mo
HOA Fee
Highlights
- Ocean Front
- Water Access
- Open Floorplan
- Ocean City Elementary School Rated A
- Fitness Center
- Community Indoor Pool
About This Home
As of November 2019Spectacular South Facing Unit on the 7th (Top) Floor offers panoramic sunny views of the Ocean and Bay. The 7th floor features wonderful 10 ft. ceilings ! 3 bedroom and 3 bath all ensuite gives You and Your guests the ultimate in privacy and luxury living at the beach. Beautifully furnished and elegantly appointed kitchen, baths, and living spaces are sure the please the most discerning buyer. South Beach Boardwalk features Gated Garage parking, Indoor and Outdoor Pools, Fitness, Secured Lobby and Elevators. This Direct Ocean Front building is truly first class and is a proven rental favorite as well as a perfect spot for personal enjoyment. Close to all that Ocean City is famous for. Located directly on the Boardwalk with plenty of Restaurants, Shopping and Nightlife within a short walk. Bring your tooth brush to this Turnkey Unit and enjoy the healthy rental income already booked for Summer 2019.
Last Agent to Sell the Property
(410) 804-2144 mrutledge@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #580312 Listed on: 05/17/2019
Last Buyer's Agent
(410) 430-5221 margaretconnorsbeach@gmail.com Berkshire Hathaway HomeServices PenFed Realty License #635107
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,152
Year Built
- Built in 2006
Lot Details
- Ocean Front
- Sprinkler System
HOA Fees
- $644 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Off-Street Parking
- Assigned Parking
- Secure Parking
Property Views
- Ocean
- Bay
- Panoramic
Home Design
- Entry on the 7th floor
- Built-Up Roof
- Metal Roof
- Piling Construction
- Dryvit Stucco
Interior Spaces
- 1,642 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- Fireplace With Glass Doors
- Gas Fireplace
- Insulated Windows
- Window Treatments
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Electric Dryer
- Washer
Outdoor Features
- Outdoor Shower
- Water Access
- Property is near an ocean
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- 90% Forced Air Heating and Cooling System
- Electric Water Heater
- Public Septic
- Cable TV Available
Additional Features
- Doors are 32 inches wide or more
- Flood Risk
Listing and Financial Details
- Tax Lot 2866
- Assessor Parcel Number 10-750008
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds, trash
- Mid-Rise Condominium
- South Beach Boardwalk Condos
- South Beach Boardwalk Community
- Property Manager
Recreation
- Fitness Center
- Community Indoor Pool
Pet Policy
- Breed Restrictions
Additional Features
- 2 Elevators
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2019
Closed on
Nov 27, 2019
Sold by
Adelman S Allan S and Adelman Catherine A
Bought by
Tomarchio Fredric A and Tomarchio Marcia M
Seller's Agent
Michael Rutledge
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Margaret Connors
Berkshire Hathaway HomeServices PenFed Realty
List Price
$680,000
Sold Price
$665,000
Premium/Discount to List
-$15,000
-2.21%
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
$309,370
Avg. Annual Appreciation
6.67%
Original Mortgage
$532,000
Outstanding Balance
$362,399
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$611,971
Purchase Details
Closed on
Nov 24, 2009
Sold by
Us Bank
Bought by
Adelman Allan S and Adelman Catherine A
Purchase Details
Closed on
Oct 4, 2009
Sold by
Cumberland Darlene Louise
Bought by
Us Bank National Association
Purchase Details
Closed on
Jun 9, 2006
Sold by
May Development Llc
Bought by
Louise Cumberland Darlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,320
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 7, 2006
Sold by
May Development Llc
Bought by
Louise Cumberland Darlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,320
Interest Rate
7.12%
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 |
|---|---|---|---|
| Tomarchio Fredric A | $665,000 | Real Estate Title & Escrow | |
| Adelman Allan S | $450,000 | -- | |
| Us Bank National Association | $525,000 | -- | |
| Louise Cumberland Darlene | $912,900 | -- | |
| Louise Cumberland Darlene | $912,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tomarchio Fredric A | $532,000 | |
| Previous Owner | Louise Cumberland Darlene | $730,320 | |
| Previous Owner | Louise Cumberland Darlene | $730,320 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/27/2019 11/27/19 | Sold | $665,000 | -2.2% | $405 / Sq Ft |
| 10/14/2019 10/14/19 | Pending | -- | -- | -- |
| 08/03/2019 08/03/19 | Price Changed | $680,000 | 0.0% | $414 / Sq Ft |
| 08/03/2019 08/03/19 | For Sale | $680,000 | +2.3% | $414 / Sq Ft |
| 08/01/2019 08/01/19 | Off Market | $665,000 | -- | -- |
| 05/17/2019 05/17/19 | For Sale | $700,000 | -- | $426 / 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 | $7,238 | $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 | $5,340 | $449,333 | $0 | $0 |
| 2014 | $5,340 | $426,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Rutledge
-
Margaret Connors
Buyer's Agent in 2019
Margaret Connors
BHHS PenFed (actual)
(410) 430-5221
48 in this area
59 Total Sales
-
Carol Proctor
Buyer Co-Listing Agent in 2019
Carol Proctor
BHHS PenFed (actual)
(443) 567-0650
390 in this area
539 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO106310
APN: 10-750008
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