NOT LISTED FOR SALE

7 57th St Ocean City, MD 21842

Estimated Value: $775,010

4 Beds
3.5 Baths
-- Sq Ft
6,011 Sq Ft Lot

Last Sold August 11, 2022

Last sale price $764,900

Est. 1% increase in value since last sale

Current estimated payment $4,851/month

123 Days on Market

Highlights

  • New Construction
  • Gourmet Kitchen
  • Contemporary Architecture
  • Ocean City Elementary School Rated A
  • Open Floorplan
  • Upgraded Countertops

About This Home

As of August 2022

57 EAST , NEW CONSTRUCTION, WITH A SPRING 2022 DELIVERY , THIS IS A 2 STORY UNIT 3 BEDROOMS PLUS LARGE OVERSIZE LOFT OFFERING THE USE AS A 4TH BEDROOM , 4 UNIT BUILDING WITH A MIX OF 3 BEDROOM AND , 4 BEDROOM 2 STORY UNITS, BE THE FIRST TO GET IN ON THE NEWEST BUILDING , THIS NEW BUILDING IS STEPS TO THE BEACH AND WILL HAVE SOME OF THE BEST VIEWS IN OC,

NOW ACCEPTING LETTERS OF RESERVATION WITH DEPOSITS TO HOLD A UNT

Last Agent to Sell the Property

Dan Clayland

(410) 726-5108 dclayland@cbmove.com Coldwell Banker Realty Listed on: 09/02/2021

Coldwell Banker Realty

Last Buyer's Agent

Michelle Yu

(240) 888-5076 michelleyurealestate@gmail.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,971

Lot Details

  • Sprinkler System
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • New Construction
  • Contemporary Architecture
  • Entry on the 1st floor
  • Advanced Framing
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Efficiency Studio

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Laundry

  • Electric Dryer
  • Washer

Utilities

  • Heat Pump System
  • High-Efficiency Water Heater
  • Cable TV Available

Additional Features

  • Doors are 32 inches wide or more
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 10-074185

Community Details

Overview

  • Property has a Home Owners Association
  • $750 Capital Contribution Fee
  • Association fees include common area maintenance, insurance, lawn maintenance, reserve funds, water

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Energy Star Dishwasher, Energy Star Refrigerator, Oven/Range - Gas, Stainless Steel Appliances, Washer, Water Heater - High-Efficiency
  • Entry Floor: 1
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Efficiency, Flat, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Recessed Lighting, Sprinkler System, Upgraded Countertops
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Advanced Framing, Stick Built, Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Maintenance, Reserve Funds, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 750.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5403209
  • Tax Annual Amount: 6971.00
  • Assessor Parcel Number: 10-074185
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2021
Closed on
Aug 12, 2022
Sold by
57Th St East Of Oc Llc
Bought by
Brooks Kevin and Brooks Carla
Seller's Agent
Dan Clayland
Coldwell Banker Realty
Buyer's Agent
Michelle Yu
Long & Foster Real Estate, Inc.
List Price
$739,900
Sold Price
$764,900
Premium/Discount to List
$25,000
3.38%
Views
4
Current Estimated Value
$775,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,110
Original Mortgage
$275,000
Outstanding Balance
$262,469
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2021
Closed on
Aug 11, 2022
Sold by
57Th St East Of Oc Llc
Bought by
Botsaris Michael S and Botsaris Helen A
Seller's Agent
Dan Clayland
Coldwell Banker Realty
Buyer's Agent
Michelle Yu
Long & Foster Real Estate, Inc.
List Price
$739,900
Sold Price
$764,900
Premium/Discount to List
$25,000
3.38%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$262,469
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2021
Closed on
Aug 9, 2022
Sold by
57Th St East Of Oc Llc
Bought by
11102 Worcester Llc
Seller's Agent
Dan Clayland
Coldwell Banker Realty
Buyer's Agent
Michelle Yu
Long & Foster Real Estate, Inc.
List Price
$739,900
Sold Price
$764,900
Premium/Discount to List
$25,000
3.38%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$262,469
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2020
Closed on
May 24, 2021
Sold by
Marchegiani Bros Inc
Bought by
57Th St East Of Oc Llc
Seller's Agent
Wayne Phillips
Coastal Life Realty Group LLC
Buyer's Agent
Dan Clayland
Coldwell Banker Realty
List Price
$479,000
Sold Price
$440,000
Premium/Discount to List
-$39,000
-8.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.34%

Purchase Details

Closed on
Apr 19, 1982
Sold by
Sullivan Grace
Bought by
Marchegiani Bros Inc
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
Brooks Kevin $737,000 Old Republic National Title
Botsaris Michael S $659,000 Ayres Jenkins Gordy & Almand P
Jeng Shih Ya $764,900 None Listed On Document
11102 Worcester Llc $608,000 Ayers Jenkins Gordy & Almand P
57Th St East Of Oc Llc $440,000 None Available
Marchegiani Bros Inc $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooks Kevin $275,000
Closed Jeng Shih Ya $382,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2022 08/11/22 Sold $764,900 +2.0% --
09/12/2021 09/12/21 Price Changed $749,900 +1.4% --
09/02/2021 09/02/21 For Sale $739,900 +68.2% --
05/24/2021 05/24/21 Sold $440,000 -8.1% -- View Prior Sale
03/24/2021 03/24/21 Pending -- -- --
06/24/2020 06/24/20 For Sale $479,000 -- --
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
2022 $6,933 $493,333 $0 $0
2021 $6,736 $476,667 $0 $0
2020 $6,499 $460,000 $460,000 $0
2019 $6,477 $456,667 $0 $0
2018 $6,354 $453,333 $0 $0
2017 $6,354 $450,000 $0 $0
2016 -- $450,000 $0 $0
2015 $6,840 $450,000 $0 $0
2014 $6,840 $553,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2002124

Bright MLS

APN: 10-074185