NOT LISTED FOR SALE

6308 Coastal Hwy Unit 306 Ocean City, MD 21842

Estimated Value: $260,000 - $310,000

1 Bed
1 Bath
533 Sq Ft
$318/mo HOA Fee

Last Sold July 30, 2018

Last sale price $145,000 $272 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,990/month

73 Days on Market

Highlights

  • Ocean View
  • Deck
  • Balcony
  • Ocean City Elementary School Rated A
  • Main Floor Bedroom
  • Forced Air Heating and Cooling System

About This Home

As of July 2018

See the pride of ownership in this adorable 1 Bedroom, 1 Bath Condo on the Ocean Block, located in an Excellent Mid-Town Location. This unit was not a rental so it's in pristine condition, though it has great Rental Potential! Freshly painted, Pre-Inspected and ready for Summer! Unit offers a Large, private balcony and under-building parking just a half bock to the beach! Updated appliances, HVAC and Sliding Doors. Unit conveys Fully Furnished so bring your suitcase to start enjoying this one right away!

Last Agent to Sell the Property

Lauren Hudson

Keller Williams Realty Delmarva License #RS-0024702 Listed on: 05/11/2018

Keller Williams Realty Delmarva

Co-Listed By

Gregory Britt

Keller Williams Realty Delmarva License #71323

Last Buyer's Agent

Melissa Divers-Reed

RE/MAX Solutions

RE/MAX Solutions

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,866

Year Built

  • Built in 1974

HOA Fees

  • $318 Monthly HOA Fees

Home Design

  • Frame Construction
  • Built-Up Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 533 Sq Ft Home
  • Property has 1 Level
  • Window Treatments
  • Window Screens
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Cleared Lot
  • Flood Risk

Community Details

  • Association fees include exterior building maintenance, management
  • Low-Rise Condominium
  • Sea Mark Community

Listing and Financial Details

  • Tax Lot 306
  • Assessor Parcel Number 078318

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,866

Year Built

Built in 1974

Lot Details

0

HOA Fees

$318 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Remarks Public: See the pride of ownership in this adorable 1 Bedroom, 1 Bath Condo on the Ocean Block, located in an Excellent Mid-Town Location. This unit was not a rental so it's in pristine condition, though it has great Rental Potential! Freshly painted, Pre-Inspected and ready for Summer! Unit offers a Large, private balcony and under-building parking just a half bock to the beach! Updated appliances, HVAC and Sliding Doors. Unit conveys Fully Furnished so bring your suitcase to start enjoying this one right away!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Entry Level Bedroom, Window Treatments
  • Window Features: Screens
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 533
  • Living Area Sq Ft: 533
  • Price Per Sq Ft: 275.80
  • Above Grade Finished Sq Ft: 533
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6308

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Concrete, Stick Built
  • Construction Completed: No
  • Roof: Built-Up
  • View: Ocean, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 325.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3812.72
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Management
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning: RESIDENTIAL
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5403517
  • Tax Annual Amount: 1866.00
  • Assessor Parcel Number: 078318
  • Tax Lot: 306
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 07/30/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2018
Closed on
Aug 30, 2018
Sold by
Walczer Mark B and Walczer Karen L
Bought by
Divers Reed Melissa and Reed Russell J
Seller's Agent
Lauren Hudson
Keller Williams Realty Delmarva
Buyer's Agent
Melissa Divers-Reed
RE/MAX Solutions
List Price
$155,000
Sold Price
$145,000
Premium/Discount to List
-$10,000
-6.45%
Current Estimated Value
$276,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,615
Avg. Annual Appreciation
9.45%
Original Mortgage
$130,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2012
Closed on
Apr 19, 2013
Sold by
Brennan Madonna Norwood and Brennan Robert Emmett
Bought by
Walczer Mark B and Walczer Karen L
Seller's Agent
Bill Hunt
RE/MAX Advantage Realty
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$149,900
Sold Price
$138,000
Premium/Discount to List
-$11,900
-7.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.94%
Original Mortgage
$110,400
Interest Rate
3.57%
Mortgage Type
New Conventional
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
Divers Reed Melissa $145,000 Commonwealth Land Title Ins
Walczer Mark B $138,000 Real Estate Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diversreed Melissa $127,500
Closed Divers Reed Melissa $130,500
Previous Owner Walczer Mark B $110,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $145,000 -1.4% $272 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
07/21/2018 07/21/18 Price Changed $147,000 -1.9% $276 / Sq Ft
06/08/2018 06/08/18 Price Changed $149,900 -3.3% $281 / Sq Ft
05/11/2018 05/11/18 For Sale $155,000 +12.3% $291 / Sq Ft
04/19/2013 04/19/13 Sold $138,000 -7.9% $259 / Sq Ft
03/19/2013 03/19/13 Pending -- -- --
12/20/2012 12/20/12 For Sale $149,900 0.0% $281 / Sq Ft
11/19/2012 11/19/12 Pending -- -- --
07/23/2012 07/23/12 For Sale $149,900 -- $281 / 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 $2,013 $189,367 $0 $0
2024 $2,013 $144,233 $0 $0
2023 $1,393 $99,100 $49,500 $49,600
2022 $1,393 $99,100 $49,500 $49,600
2021 $1,400 $99,100 $49,500 $49,600
2020 $1,400 $99,100 $49,500 $49,600
2019 $1,410 $99,100 $49,500 $49,600
2018 $1,396 $99,100 $49,500 $49,600
2017 $1,704 $132,100 $0 $0
2016 -- $120,033 $0 $0
2015 $1,509 $107,967 $0 $0
2014 $1,509 $95,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lauren Hudson

    Seller's Agent in 2018

    Lauren Hudson

    Keller Williams Realty Delmarva

    (302) 524-2006

    47 in this area

    123 Total Sales

    Lauren Hudson
    Section Image
  • Gregory Britt

    Seller Co-Listing Agent in 2018

    Gregory Britt

    Keller Williams Realty Delmarva

    (410) 430-9634

    1 in this area

    3 Total Sales

    Gregory Britt
    Section Image

  • M

    Buyer's Agent in 2018

    Melissa Divers-Reed

    RE/MAX Solutions

    Section Image

  • B

    Seller's Agent in 2013

    Bill Hunt

    RE/MAX

    Section Image

  • N

    Buyer's Agent in 2013

    Non Member Member

    Metropolitan Regional Information Systems

See All Agents

Map

Source: Bright MLS

MLS Number: 1001563274

Bright MLS

APN: 10-078318

Maryland Worcester County Ocean City 21842

6308 Coastal Hwy Unit 306, Ocean City, MD

This home is located at 6308 Coastal Hwy Unit 306, Ocean City, MD 21842 since 11 May 2018 and is currently estimated at $276,615, approximately $518 per square foot. This property was built in 1974. 6308 Coastal Hwy Unit 306 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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