NOT LISTED FOR SALE

603 Salt Spray Rd Unit 2 Ocean City, MD 21842

Estimated Value: $366,000 - $440,000

2 Beds
2 Baths
878 Sq Ft
$208/mo HOA Fee

Last Sold November 08, 2019

Last sale price $240,000 $273 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,539/month

Highlights

  • 1 Dock Slip
  • Pier
  • Fishing Allowed
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Bay View

About This Home

As of November 2019

Amazing bay view! Balcony off of living room has just been re-done. Located in much desired mid-town next to Little Salisbury. New Sliders. Deeded boat slip and jet ski lift. Cute and cozy 2 bedroom. Self-managed building with low condo fees. Fireplace works, but has been capped off. Suggest evaluation by licensed contractor to remove cap. Two parking spaces.

Last Agent to Sell the Property

Ann Holtz

(443) 359-9863 ann.holtz@cbrealty.com Coldwell Banker Realty License #RS-0020973 Listed on: 09/27/2019

Coldwell Banker Realty

Last Buyer's Agent

Edward Galyon

(410) 524-8111 ed@edgalyon.com Seaside Vacations and Sales LLC License #66323

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,098

Year Built

  • Built in 1984

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • 1 Common Wall
  • North Facing Home

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 878 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Dining Area
  • Bay Views
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Built-In Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Private Parking
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Pier
  • Canoe or Kayak Water Access
  • Property near a bay
  • Personal Watercraft
  • Bulkhead
  • Limit On Boat Length
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Dock made with Treated Lumber
  • 1 Powered Boats Permitted

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • 120/240V
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Flood Risk

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 10-275407

Community Details

Overview

  • Association fees include insurance, snow removal, trash
  • Low-Rise Condominium
  • Property Manager

Recreation

  • 2 Community Slips
  • Fishing Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,098

Year Built

Built in 1984

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Exclusions: Personal Property
  • Home Warranty: No
  • Inclusions: Furniture
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1984
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Open, Primary Bath(s), Wood Floors
  • Window Features: Energy Efficient
  • Fireplaces Count: 1
  • Common Walls: 1 Common Wall
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 878
  • Living Area Sq Ft: 878
  • Price Per Sq Ft: 267.54
  • Above Grade Finished Sq Ft: 878
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Stick Built, Vinyl Siding
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access Features: Boat - Length Limit, Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC)
  • Water Access: Yes
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2500.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Insurance, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 73700.00
  • Lot Features: Bulkheaded
  • Lot Size Units: Square Feet
  • Soil Types: Sandy, Topsoilovrot
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5420413
  • Tax Annual Amount: 2098.34
  • Assessor Parcel Number: 10-275407
  • Tax Lot: 2
  • Tax Page Number: 00568
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Nov 8, 2019
Sold by
Outten Esther F
Bought by
Neely Tina N and Neely Jeffrey D
Seller's Agent
Ann Holtz
Coldwell Banker Realty
Buyer's Agent
Edward Galyon
Seaside Vacations and Sales LLC
List Price
$234,900
Sold Price
$240,000
Premium/Discount to List
$5,100
2.17%
Current Estimated Value
$393,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,337
Avg. Annual Appreciation
8.61%
Original Mortgage
$192,000
Outstanding Balance
$169,246
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$224,091

Purchase Details

Closed on
Feb 14, 1992
Sold by
Bernstein David J and Bernstein Alice M
Bought by
Outten Orville J and Outten Esther F

Purchase Details

Closed on
May 24, 1988
Sold by
Mccorkle Jack W and Mccorkle Carolyn
Bought by
Bernstein David J and Bernstein Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
10.52%

Purchase Details

Closed on
Jun 27, 1985
Sold by
Surf Construction Inc
Bought by
Mccorkle Jack W and Mccorkle Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,900
Interest Rate
12.05%
Source: Public Records

Range of Values:

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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
Neely Tina N $240,000 Mid Atlantic Setmnt Svcs Llc
Outten Orville J $100,000 --
Bernstein David J $108,800 --
Mccorkle Jack W $89,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neely Tina N $192,000
Previous Owner Bernstein David J $84,000
Previous Owner Mccorkle Jack W $80,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2019 11/08/19 Sold $240,000 +2.2% $273 / Sq Ft
09/30/2019 09/30/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $234,900 -- $268 / 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 $3,217 $235,567 $0 $0
2024 $3,021 $216,533 $0 $0
2023 $2,776 $197,500 $98,700 $98,800
2022 $2,541 $180,833 $0 $0
2021 $2,320 $164,167 $0 $0
2020 $2,084 $147,500 $73,700 $73,800
2019 $2,092 $147,500 $73,700 $73,800
2018 $2,077 $147,500 $73,700 $73,800
2017 $2,094 $147,500 $0 $0
2016 -- $147,500 $0 $0
2015 $2,318 $147,500 $0 $0
2014 $2,318 $162,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ann Holtz

    Seller's Agent in 2019

    Ann Holtz

    Coldwell Banker Realty

    (443) 359-9863

    28 in this area

    50 Total Sales

    Ann Holtz
    Section Image
  • Edward Galyon

    Buyer's Agent in 2019

    Edward Galyon

    Seaside Vacations and Sales LLC

    (410) 524-8111

    47 in this area

    47 Total Sales

    Edward Galyon
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO109454

Bright MLS

APN: 10-275407

Maryland Worcester County Ocean City 21842

603 Salt Spray Rd Unit 2, Ocean City, MD

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