NOT LISTED FOR SALE

602 Seaweed Ln Unit 1A Ocean City, MD 21842

Estimated Value: $199,000 - $271,000

2 Beds
1 Bath
761 Sq Ft
1957 Built

Last Sold November 30, 2020

Last sale price $142,500 $187 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,347/month

Highlights

  • Penthouse
  • Ocean City Elementary School Rated A
  • Forced Air Heating System

About This Home

As of November 2020

This home is located at 602 Seaweed Ln Unit 1A, Ocean City, MD 21842 since 08 September 2020 and is currently estimated at $229,918, approximately $302 per square foot. This property was built in 1957. 602 Seaweed Ln Unit 1A is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Last Agent to Sell the Property

Joseph Wilson

(443) 235-8382 joewilsonsells@gmail.com Coastal Life Realty Group LLC License #633148 Listed on: 09/08/2020

Last Buyer's Agent

Kimberly Campbell

(703) 409-4944 kcampbell@ktcproperties.com Samson Properties

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,505

Year Built

  • Built in 1957

Parking

  • Parking Lot

Home Design

  • Penthouse
  • Entry on the 1st floor
  • Frame Construction
  • Stick Built Home

Interior Spaces

  • 761 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 10-263220

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Sea Siren Community
  • Caine Woods Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,505

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 761
  • Living Area Sq Ft: 761
  • Price Per Sq Ft: 229.96
  • Above Grade Finished Sq Ft: 761
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 602

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Annually
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5419312
  • Tax Annual Amount: 1505.00
  • Assessor Parcel Number: 10-263220
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 761
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/30/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Dec 3, 2020
Sold by
Sea Siren Llc
Bought by
Campbell Robert T and Campbell Christopher C
Seller's Agent
Joseph Wilson
Coastal Life Realty Group LLC
Buyer's Agent
Kimberly Campbell
Samson Properties
List Price
$175,000
Sold Price
$142,500
Premium/Discount to List
-$32,500
-18.57%
Current Estimated Value
$229,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,418
Avg. Annual Appreciation
10.23%
Original Mortgage
$114,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2010
Sold by
Gibbs Gary
Bought by
Sea Siren Llc

Purchase Details

Closed on
May 18, 2004
Sold by
Hofman Timothy
Bought by
Gibbs Gary

Purchase Details

Closed on
Jun 14, 2001
Sold by
Sanders Laura
Bought by
Hofman Timothy
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Campbell Robert T $142,500 Key Title
Sea Siren Llc -- --
Gibbs Gary $280,000 --
Hofman Timothy $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campbell Robert T $114,000
Closed Hofman Timothy --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2020 11/30/20 Sold $142,500 -18.6% $187 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $175,000 -- $230 / 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 $1,731 $126,767 $0 $0
2024 $1,627 $116,633 $0 $0
2023 $1,497 $106,500 $53,200 $53,300
2022 $1,497 $106,500 $53,200 $53,300
2021 $1,505 $106,500 $53,200 $53,300
2020 $1,505 $106,500 $53,200 $53,300
2019 $1,515 $106,500 $53,200 $53,300
2018 $1,500 $106,500 $53,200 $53,300
2017 $1,512 $106,500 $0 $0
2016 $1,589 $106,500 $0 $0
2015 $1,589 $106,500 $0 $0
2014 $1,589 $106,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Wilson

    Seller's Agent in 2020

    Joseph Wilson

    Coastal Life Realty Group LLC

    (443) 235-8382

    170 in this area

    266 Total Sales

    Joseph Wilson
    Section Image
  • Kimberly Campbell

    Buyer's Agent in 2020

    Kimberly Campbell

    Samson Properties

    (703) 409-4944

    3 in this area

    68 Total Sales

    Kimberly Campbell
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO116584

Bright MLS

APN: 10-263220

Maryland Worcester County Ocean City 21842

602 Seaweed Ln Unit 1A, Ocean City, MD

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