NOT LISTED FOR SALE

7 45th St Unit 226 Ocean City, MD 21842

Estimated Value: $175,000 - $188,537

-- Bed
1 Bath
288 Sq Ft
$104/mo HOA Fee

Last Sold March 15, 2019

Last sale price $80,000 $278 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $1,186/month

Highlights

  • Open Floorplan
  • Furnished
  • Electric Baseboard Heater
  • Ocean City Elementary School Rated A
  • Efficiency Studio
  • South Facing Home

About This Home

As of March 2019

Looking for the perfect little fixer beach pad just steps to the ocean? It doesn't get much closer to the beach than this for under 100k. Won't take much at all to renovate this efficiency, these units are the perfect beach crash pad when remodeled. Plenty of room for a small pullout couch & coffee table. One of the lowest density beaches in all of OC, right across from Seacrets and 45th St. Taphouse and perfect spot to enjoy St. Paddy's Day parade. Brand new heat/ac system, bathroom exhaust fan and building recently remodeled w/ all new low maintenance stairs & balconies. AS-IS sale, Year round building!

Last Agent to Sell the Property

Katie Quinn

(443) 880-5022 katiesellsoc@gmail.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #656189 Listed on: 02/13/2019

Berkshire Hathaway HomeServices PenFed Realty-WOC

Co-Listed By

Linda Moran

(443) 614-2261 linda.moran@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #52961

Last Buyer's Agent

Elaine Evans

(410) 726-4811 listingsbyelaine@gmail.com Fathom Realty MD, LLC

Fathom Realty MD, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,069

Year Built

  • Built in 1971

HOA Fees

  • $104 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Built-Up Roof
  • Stick Built Home

Interior Spaces

  • 1 Full Bathroom
  • 288 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Efficiency Studio
  • Carpet

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • South Facing Home
  • Flood Risk

Community Details

  • Association fees include common area maintenance, insurance, management
  • 15 Units
  • Low-Rise Condominium
  • Mana Jit Condos, Phone Number (410) 289-1128
  • Ocean Wave 45 Community

Listing and Financial Details

  • Tax Lot 7224
  • Assessor Parcel Number 10-067251

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,069

Year Built

Built in 1971

Lot Details

0

HOA Fees

$104 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
  • Home Warranty: No
  • Inclusions: Comes furnished as seen
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring Type: Carpet
  • Interior Amenities: Efficiency, Floor Plan - Open
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 288
  • Living Area Sq Ft: 288
  • Price Per Sq Ft: 295.14
  • Above Grade Finished Sq Ft: 288
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Brick, Frame
  • Roof: Built-Up
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1250.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Mana-Jit
  • Condo Co-Op Phone: 410-289-1128
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Units: Square Feet
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5402646
  • Tax Annual Amount: 1069.00
  • Assessor Parcel Number: 10-067251
  • Tax Lot: 7224
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2019
Closed on
Mar 13, 2019
Sold by
Burke Todd Joseph and Monks David Scott
Bought by
Wise Jaclynn
Seller's Agent
Katie Quinn
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Elaine Evans
Fathom Realty MD, LLC
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%
Current Estimated Value
$183,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,134
Avg. Annual Appreciation
13.33%
Original Mortgage
$72,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2015
Sold by
Francis Donald L
Bought by
Monks David Scott and Burke Todd Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
3.83%
Mortgage Type
New Conventional
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
Wise Jaclynn $80,000 Masters Title & Escrow
Monks David Scott $70,000 Capitol Title Ins Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wise Jaclynn $72,000
Previous Owner Monks David Scott $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2019 03/15/19 Sold $80,000 -5.9% $278 / Sq Ft
02/14/2019 02/14/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $85,000 -- $295 / 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 $1,464 $107,200 $0 $0
2024 $1,284 $92,000 $0 $0
2023 $1,079 $76,800 $38,400 $38,400
2022 $1,079 $76,800 $38,400 $38,400
2021 $1,085 $76,800 $38,400 $38,400
2020 $1,085 $76,800 $38,400 $38,400
2019 $1,076 $75,667 $0 $0
2018 $1,050 $74,533 $0 $0
2017 $1,042 $73,400 $0 $0
2016 -- $73,400 $0 $0
2015 $673 $73,400 $0 $0
2014 $673 $82,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katie Quinn

    Seller's Agent in 2019

    Katie Quinn

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 880-5022

    86 in this area

    122 Total Sales

    Katie Quinn
    Section Image
  • Linda Moran

    Seller Co-Listing Agent in 2019

    Linda Moran

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 614-2261

    30 in this area

    68 Total Sales

    Linda Moran
    Section Image
  • Elaine Evans

    Buyer's Agent in 2019

    Elaine Evans

    Fathom Realty

    (410) 726-4811

    6 in this area

    19 Total Sales

    Elaine Evans
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO103120

Bright MLS

APN: 10-067251

Maryland Worcester County Ocean City 21842

7 45th St Unit 226, Ocean City, MD

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