NOT LISTED FOR SALE

7005 Atlantic Ave Unit 2S Ocean City, MD 21842

Estimated Value: $473,000 - $599,000

2 Beds
2 Baths
924 Sq Ft
$233/mo HOA Fee

Last Sold December 15, 2020

Last sale price $405,000 $438 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,551/month

3 Days on Market

Highlights

  • Access to Tidal Water
  • Waterfront
  • Forced Air Heating and Cooling System
  • Ocean City Elementary School Rated A
  • 1 Fireplace
  • Dogs and Cats Allowed

About This Home

As of December 2020

Great condo in small building, south end unit. Self managed building, extremely low condo fees. Building just painted in 2020. New hot water heater in 2019. Seller will be doing a 1031 Tax Deferred Exchange, at no cost to buyer.

Last Agent to Sell the Property

Gail Crosby

Resort Real Estate Inc License #86842 Listed on: 10/23/2020

Co-Listed By

James Crosby

Resort Real Estate Inc License #647043

Last Buyer's Agent

Angela Short

Coastal Life Realty Group LLC License #676526

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,112

Year Built

  • Built in 1974

Lot Details

  • Waterfront
  • West Facing Home
  • Property is in good condition

HOA Fees

  • $233 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Dryvit Stucco
  • Masonry

Interior Spaces

  • 924 Sq Ft Home
  • Property has 3 Levels
  • Partially Furnished
  • 1 Fireplace
  • Carpet

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Outdoor Features

  • Access to Tidal Water
  • Water Oriented
  • Property is near an ocean

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 2S
  • Assessor Parcel Number 10-082102

Community Details

Overview

  • 5 Units
  • Low-Rise Condominium
  • Oasis South Community

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,112

Year Built

Built in 1974

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • Exclusions: All pictures, wall hangings, TV in bedroom with twins, and dining table and chairs.
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Great condo in small building, south end unit. Self managed building, extremely low condo fees. Building just painted in 2020. New hot water heater in 2019. Seller will be doing a 1031 Tax Deferred Exchange, at no cost to buyer.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Floors In Unit Count: 1
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 924
  • Living Area Sq Ft: 924
  • Price Per Sq Ft: 442.53
  • Above Grade Finished Sq Ft: 924
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7005

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: Dryvit, Masonry
  • Roof: Flat
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 700.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Self Managed
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 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
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 13762.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5403826
  • Tax Annual Amount: 4112.00
  • Assessor Parcel Number: 10-082102
  • Tax Lot: 2S
  • Tax Total Finished Sq Ft: 924
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/15/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Dec 15, 2020
Sold by
Omeara Kevin L and Omeara Pam T
Bought by
Lopes Meagan and Lopes David
Seller's Agent
Gail Crosby
Resort Real Estate Inc
Buyer's Agent
Angela Short
Coastal Life Realty Group LLC
List Price
$408,900
Sold Price
$405,000
Premium/Discount to List
-$3,900
-0.95%
Total Days on Market
3
Current Estimated Value
$530,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,355
Avg. Annual Appreciation
5.98%
Original Mortgage
$255,000
Outstanding Balance
$229,626
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$296,397

Purchase Details

Closed on
Oct 4, 2001
Sold by
Fortin George F and Fortin Dolores C
Bought by
O'Meara Kevin L Sr and O'Meara Kevin L Sr Pam T

Purchase Details

Closed on
Dec 27, 1985
Sold by
Sprague Robert B
Bought by
Fortin George F and Fortin Dolores C
Source: Public Records

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Range of Values:

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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
Lopes Meagan $405,000 Ocean Investments Title Corp
O'Meara Kevin L Sr $239,900 --
Fortin George F $126,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopes Meagan $255,000
Closed O'Meara Kevin L Sr --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $405,000 -1.0% $438 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/23/2020 10/23/20 For Sale $408,900 -- $443 / 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
2024 $4,254 $304,867 $0 $0
2023 $4,090 $291,000 $203,700 $87,300
2022 $4,090 $291,000 $203,700 $87,300
2021 $4,112 $291,000 $203,700 $87,300
2020 $4,074 $291,000 $203,700 $87,300
2019 $4,074 $286,400 $0 $0
2018 $3,969 $281,800 $0 $0
2017 $3,935 $277,200 $0 $0
2016 -- $277,200 $0 $0
2015 $4,491 $277,200 $0 $0
2014 $4,491 $300,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Gail Crosby

    Resort Real Estate Inc

    (443) 235-4906

    10 in this area

    10 Total Sales

    Gail Crosby
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    James Crosby

    Resort Real Estate Inc

    (443) 513-0506

    10 in this area

    10 Total Sales

    James Crosby
    Section Image
  • Angela Short

    Buyer's Agent in 2020

    Angela Short

    Coastal Life Realty Group LLC

    (410) 726-2137

    10 in this area

    32 Total Sales

    Angela Short
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO117938

Bright MLS

APN: 10-082102

Maryland Worcester County Ocean City 21842

7005 Atlantic Ave Unit 2S, Ocean City, MD

This home is located at 7005 Atlantic Ave Unit 2S, Ocean City, MD 21842 since 23 October 2020 and is currently estimated at $530,355, approximately $573 per square foot. This property was built in 1974. 7005 Atlantic Ave Unit 2S 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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