NOT LISTED FOR SALE

6109 Atlantic Ave Unit 203 Ocean City, MD 21842

Estimated Value: $413,000 - $470,000

1 Bed
1.5 Baths
787 Sq Ft
$200/mo HOA Fee

Last Sold May 29, 2018

Last sale price $274,000 $348 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,905/month

88 Days on Market

Highlights

  • Ocean View
  • 1 Boat Dock
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Contemporary Architecture

About This Home

As of May 2018

Well kept ocean front unit that had $19,395 gross income in summer 2017. Being sold fully furnished, as shown. These units are the largest one bedroom ocean front units in town. Unit also has storm shutters.

Last Agent to Sell the Property

Bobby Jester

(410) 524-6400 bobbyjester@markf.com Keller Williams Realty Delmarva License #15838 Listed on: 02/15/2018

Keller Williams Realty Delmarva

Last Buyer's Agent

Jay Phillips

(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

Lot Details

  • Home fronts navigable water
  • Cleared Lot

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Built-Up Roof
  • Piling Construction
  • Stick Built Home
  • Masonry
  • Stucco

Interior Spaces

  • 787 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom

Parking

  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Water Access
  • Property is near an ocean
  • 1 Boat Dock
  • Balcony
  • Porch

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 36 Units
  • 1 Elevator
  • Condominium Association
  • Mid-Rise Condominium
  • La Mirage Community

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 203
  • Assessor Parcel Number 301882

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat, Contemporary
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1986
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer/Dryer Stacked
  • Entry Floor: 2
  • Interior Amenities: Entry Level Bedroom, Window Treatments
  • Window Features: Insulated
  • Elevators Count: 1
  • Foundation Details: Pilings
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 1
  • Living Area Units: Square Feet
  • Total Sq Ft: 787
  • Living Area Sq Ft: 787
  • Price Per Sq Ft: 355.78
  • Above Grade Finished Sq Ft: 787
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete, Stucco, Stick Built
  • Construction Completed: No
  • Roof: Built-Up
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Water Frontage Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Off Street, Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 421.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2400.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Name: CONDOMINIUM ASSOCIATION
  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared, Corner
  • Outdoor Living Structures: Balcony, Porch(es)
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 19395.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5422744
  • Assessor Parcel Number: 301882
  • Tax Lot: 203
  • County Tax Payment Frequency: Annually

Multi Family

  • Federal Flood Zone: X

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
May 29, 2018
Sold by
Acre Investments Inc
Bought by
Healy Joyce A and Healy Michael J
Seller's Agent
Bobby Jester
Keller Williams Realty Delmarva
Buyer's Agent
Jay Phillips
Holiday Real Estate
List Price
$280,000
Sold Price
$274,000
Premium/Discount to List
-$6,000
-2.14%
Current Estimated Value
$438,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,110
Avg. Annual Appreciation
6.43%
Original Mortgage
$201,000
Outstanding Balance
$173,438
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$264,672

Purchase Details

Closed on
Mar 30, 2012
Sold by
Romeo Donna L and The Estate Of Gilbert Fetty
Bought by
Black Acre Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 1986
Sold by
Sixty-Second Street La Mirage Ltd
Bought by
Calder David F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
9.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Healy Joyce A $274,000 Maryland Title Service
Black Acre Investments Inc $220,000 None Available
Calder David F $109,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Healy Joyce A $201,000
Closed Healy Joyce A $201,000
Previous Owner Black Acre Investments Inc $184,000
Previous Owner Calder David F $87,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2018 05/29/18 Sold $274,000 -2.1% $348 / Sq Ft
05/15/2018 05/15/18 Pending -- -- --
05/11/2018 05/11/18 Price Changed $280,000 0.0% $356 / Sq Ft
05/11/2018 05/11/18 For Sale $280,000 -5.1% $356 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $295,000 -- $375 / 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 $4,817 $352,767 $0 $0
2024 $4,245 $304,233 $0 $0
2023 $3,604 $255,700 $178,900 $76,800
2022 $3,487 $248,100 $0 $0
2021 $3,399 $240,500 $0 $0
2020 $3,291 $232,900 $163,000 $69,900
2019 $3,313 $232,900 $163,000 $69,900
2018 $3,280 $232,900 $163,000 $69,900
2017 $3,407 $240,000 $0 $0
2016 -- $240,000 $0 $0
2015 $2,486 $240,000 $0 $0
2014 $2,486 $263,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bobby Jester

    Keller Williams Realty Delmarva

    (410) 524-6400

    4 in this area

    8 Total Sales

    Bobby Jester
    Section Image
  • Jay Phillips

    Buyer's Agent in 2018

    Jay Phillips

    Holiday Real Estate

    (410) 726-8631

    24 in this area

    140 Total Sales

    Jay Phillips
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001556192

Bright MLS

APN: 10-301882

Maryland Worcester County Ocean City 21842

6109 Atlantic Ave Unit 203, Ocean City, MD

Not Listed for Sale

Condos

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