Seller's Agent in 2018
Elizabeth Kapp
Long & Foster
(302) 569-0012
61 in this area
172 Total Sales
616 Salt Spray Rd Unit 5 Ocean City, MD 21842
Estimated Value: $293,613 - $348,000
1
Bed
1.5
Baths
812
Sq Ft
$200/mo
HOA Fee
Highlights
- 1 Dock Slip
- Pier or Dock
- Water Access
- Ocean City Elementary School Rated A
- Home fronts navigable water
- Canal View
About This Home
As of August 2018WATERFRONT, Townhome style condo with a deeded boat slip! This fully furnished, one bedroom, 1.5 bath condo includes an extra loft space for an extra sleeping area! Includes a wood burning stove for an additional heat source, making this a great year round investment! Over $10,000 in recent upgrades! All new kitchen appliances! New A/C Units being installed! Building has also had upgrades and very well maintained! Each unit has two assigned parking spots! Easy walk to the Beach!
Last Agent to Sell the Property
(302) 569-0012 liz.kapp@lnf.com Long & Foster Real Estate, Inc. License #238682 Listed on: 03/28/2018
Last Buyer's Agent
(410) 251-2196 jeffrey.messick@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0024707
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,512
Year Built
- Built in 1982
Lot Details
- Home fronts navigable water
- Two or More Common Walls
- Cleared Lot
HOA Fees
- $200 Monthly HOA Fees
Home Design
- Block Foundation
- Frame Construction
- Asphalt Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 812 Sq Ft Home
- Property has 2 Levels
- Furnished
- Wood Burning Stove
- Window Treatments
- Canal Views
- Crawl Space
- Storage In Attic
- Stacked Washer and Dryer
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
Home Security
Parking
- Off-Street Parking
- 2 Assigned Parking Spaces
Outdoor Features
- Water Access
- Property is near a canal
- Bulkhead
- Physical Dock Slip Conveys
- 1 Dock Slip
- Balcony
- Deck
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- 220 Volts
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 219655
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, pier/dock maintenance
- Low-Rise Condominium
- Pier Twelve Community
Recreation
- Pier or Dock
Security
- Storm Doors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 28, 2018
Closed on
Aug 24, 2018
Sold by
Bower William E and Bower Julianne R
Bought by
Frazier Eowyn
Seller's Agent
Elizabeth Kapp
Long & Foster Real Estate, Inc.
Buyer's Agent
Jeffrey Messick
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$189,900
Sold Price
$177,500
Premium/Discount to List
-$12,400
-6.53%
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
$141,153
Avg. Annual Appreciation
8.49%
Original Mortgage
$168,500
Outstanding Balance
$125,134
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$193,519
Purchase Details
Closed on
Apr 1, 1997
Sold by
Mallgrave Craig D and Mallgrave Pauline E
Bought by
Bower William E
Purchase Details
Closed on
Dec 31, 1992
Sold by
Graham Frank C and Donna Jean
Bought by
Mallgrave Craig D and Mallgrave Pauline E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
8.14%
Purchase Details
Closed on
May 19, 1986
Sold by
Bunting Willis R and Bunting Linda S
Bought by
Graham Frank C and Donna Jean
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 |
|---|---|---|---|
| Frazier Eowyn | $177,500 | Capitol Title Ins Agcy | |
| Bower William E | $74,000 | -- | |
| Mallgrave Craig D | $72,500 | -- | |
| Graham Frank C | $68,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Frazier Eowyn | $168,500 | |
| Previous Owner | Mallgrave Craig D | $58,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/24/2018 08/24/18 | Sold | $177,500 | -1.3% | $219 / Sq Ft |
| 07/11/2018 07/11/18 | Pending | -- | -- | -- |
| 05/08/2018 05/08/18 | Price Changed | $179,900 | -5.3% | $222 / Sq Ft |
| 03/28/2018 03/28/18 | For Sale | $189,900 | -- | $234 / 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 | $2,716 | $198,900 | $0 | $0 |
| 2024 | $2,413 | $172,900 | $0 | $0 |
| 2023 | $2,065 | $146,900 | $73,400 | $73,500 |
| 2022 | $2,065 | $146,900 | $73,400 | $73,500 |
| 2021 | $2,076 | $146,900 | $73,400 | $73,500 |
| 2020 | $2,076 | $146,900 | $73,400 | $73,500 |
| 2019 | $2,084 | $146,900 | $73,400 | $73,500 |
| 2018 | $2,069 | $146,900 | $73,400 | $73,500 |
| 2017 | $2,524 | $177,800 | $0 | $0 |
| 2016 | -- | $177,800 | $0 | $0 |
| 2015 | $2,426 | $177,800 | $0 | $0 |
| 2014 | $2,426 | $177,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Kapp
-
Jeffrey Messick
Buyer's Agent in 2018
Jeffrey Messick
Berkshire Hathaway HomeServices PenFed Realty-WOC
(410) 251-2196
44 in this area
150 Total Sales
Map
Source: Bright MLS
MLS Number: 1001561798
APN: 10-219655
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