NOT LISTED FOR SALE

6308 Coastal Hwy Unit 309 Ocean City, MD 21842

Estimated Value: $363,075 - $408,000

2 Beds
2 Baths
987 Sq Ft
$417/mo HOA Fee

Last Sold April 15, 2024

Last sale price $340,000 $344 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,844/month

168 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heat Pump System
  • Ocean City Elementary School Rated A
  • West Facing Home

About This Home

As of April 2024

Price just reduced on this magnificent ocean block property. One of only six (excluding timeshare condo's} two bedroom two bath ocean block properties currently on the market that is over 900 sq. ft. Two balconies; one that faces the morning sun off of the main bedroom and one that faces the sunset from the west facing balcony right off of the living room. Both the bedroom sliders and the living room sliders are newer and minimize any noise outside of the unit. Condo has many upgrades including new flooring, new sound reducing sliders on both balconies, both bathrooms have been upgraded, fresh paint through out the entire condo, kitchen has been updated as well. Condo features a open and spacious floor plan with a lot of natural light from sliders and windows. Tastefully furnished with lots of room. Strong rental history for last three years. No pending assessments according to property manager. You have a front row seat to parades, event watching, and all else that happens in mid-town OC! Low condo fees. Close to many restaurants, grocery stores, miniature golf, game room, and other attractions you find in Ocean City. You may want to add your personal touches but this is a turn key property. All you need is your flip flops and your sand toys. Rental income in 2023 was $19,724.00 and rental income in 2022 was $17,932.00. Priced at $394.12 per square foot as compared to comparable ocean block condos that closed at $459.11 per square foot. Data in disclosures. Buyers and their agent and contractors to independently verify any data, specifications, square footage, utility info or other content of this listing. Although the agent has made their best effort to gather reliable information, the listing agent has not independently verified all of the contents of this listing.

Last Agent to Sell the Property

James Bacco

Keller Williams Realty Delmarva License #311079 Listed on: 09/29/2023

Keller Williams Realty Delmarva

Last Buyer's Agent

Brianna Bentz

Coastal Life Realty Group LLC License #RS-0037290

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,690

Year Built

  • Built in 1974

Lot Details

  • West Facing Home

HOA Fees

  • $417 Monthly HOA Fees

Interior Spaces

  • 987 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 8326
  • Assessor Parcel Number 2410078288

Community Details

Overview

  • Association fees include common area maintenance
  • Low-Rise Condominium
  • Legum And Norman Condos
  • Sea Mark Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,690

Year Built

Built in 1974

Lot Details

0

HOA Fees

$417 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
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-10-06
  • Federal Flood Zone: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Remarks Public: Price just reduced on this magnificent ocean block property. One of only six (excluding timeshare condo's} two bedroom two bath ocean block properties currently on the market that is over 900 sq. ft. Two balconies; one that faces the morning sun off of the main bedroom and one that faces the sunset from the west facing balcony right off of the living room. Both the bedroom sliders and the living room sliders are newer and minimize any noise outside of the unit. Condo has many upgrades including new flooring, new sound reducing sliders on both balconies, both bathrooms have been upgraded, fresh paint through out the entire condo, kitchen has been updated as well. Condo features a open and spacious floor plan with a lot of natural light from sliders and windows. Tastefully furnished with lots of room. Strong rental history for last three years. No pending assessments according to property manager. You have a front row seat to parades, event watching, and all else that happens in mid-town OC! Low condo fees. Close to many restaurants, grocery stores, miniature golf, game room, and other attractions you find in Ocean City. You may want to add your personal touches but this is a turn key property. All you need is your flip flops and your sand toys. Rental income in 2023 was $19,724.00 and rental income in 2022 was $17,932.00. Priced at $394.12 per square foot as compared to comparable ocean block condos that closed at $459.11 per square foot. Data in disclosures. Buyers and their agent and contractors to independently verify any data, specifications, square footage, utility info or other content of this listing. Although the agent has made their best effort to gather reliable information, the listing agent has not independently verified all of the contents of this listing.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 987
  • Living Area Sq Ft: 987
  • Price Per Sq Ft: 354.61
  • Above Grade Finished Sq Ft: 987
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6308

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, Below Grade
  • Construction Materials: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 1251.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Legum and Norman
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: 012
  • Year Assessed: 2019
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 2690.00
  • Assessor Parcel Number: 2410078288
  • Tax Lot: 8326
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 04/15/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Apr 11, 2024
Sold by
Emmett One Properties Llc
Bought by
Nikoletos Kiriakos and Nikoletos Chrisoula
Seller's Agent
James Bacco
Keller Williams Realty Delmarva
Buyer's Agent
Brianna Bentz
Coastal Life Realty Group LLC
List Price
$420,000
Sold Price
$340,000
Premium/Discount to List
-$80,000
-19.05%
Views
253
Current Estimated Value
$397,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,146
Avg. Annual Appreciation
10.99%

Purchase Details

Listed on
Sep 14, 2019
Closed on
Nov 12, 2019
Sold by
Benson Lewis W and Benson Rachel
Bought by
Emmett One Properties Llc
Seller's Agent
Kelley Bjorkland
Coldwell Banker Realty
Buyer's Agent
James Bacco
Keller Williams Realty Delmarva
List Price
$174,900
Sold Price
$165,000
Premium/Discount to List
-$9,900
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.73%

Purchase Details

Closed on
Apr 15, 2004
Sold by
Wolford Robert A
Bought by
Benson Lewis W and Benson Rachel

Purchase Details

Closed on
Nov 26, 2002
Sold by
Adams Dale C Jr and Adams Dale C Jr Monique R
Bought by
Wolford Robert A and Wolford Candis A

Purchase Details

Closed on
Jan 31, 2001
Sold by
Cudnik Richard J and Cudnik Loretta J
Bought by
Adams Dale C Jr and Adams Dale C Jr Monique R

Purchase Details

Closed on
Dec 29, 1999
Sold by
Cudnik Richard J
Bought by
Cudnik Richard J and Cudnik Loretta J
Source: Public Records

Range of Values:

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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
Nikoletos Kiriakos $340,000 Ocean Investments Title
Emmett One Properties Llc $165,000 Dba Real Estate T&E
Benson Lewis W $222,000 --
Wolford Robert A $174,900 --
Adams Dale C Jr $92,000 --
Cudnik Richard J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Adams Dale C Jr --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2024 04/15/24 Sold $340,000 -2.9% $344 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
03/13/2024 03/13/24 Price Changed $350,000 -10.0% $355 / Sq Ft
11/07/2023 11/07/23 Price Changed $389,000 -7.4% $394 / Sq Ft
09/29/2023 09/29/23 For Sale $420,000 +154.5% $426 / Sq Ft
11/12/2019 11/12/19 Sold $165,000 -5.7% $167 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
09/14/2019 09/14/19 For Sale $174,900 -- $177 / 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 $3,034 $244,400 $0 $0
2024 $3,034 $217,400 $0 $0
2023 $2,676 $190,400 $95,200 $95,200
2022 $2,676 $190,400 $95,200 $95,200
2021 $2,691 $190,400 $95,200 $95,200
2020 $2,690 $190,400 $95,200 $95,200
2019 $2,709 $190,400 $95,200 $95,200
2018 $2,682 $190,400 $95,200 $95,200
2017 $2,409 $190,400 $0 $0
2016 $2,482 $169,700 $0 $0
2015 $2,085 $149,000 $0 $0
2014 $2,085 $128,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2016668

Bright MLS

APN: 10-078288