NOT LISTED FOR SALE

705 Mooring Rd Unit 3 Ocean City, MD 21842

Estimated Value: $475,000 - $530,000

3 Beds
2.5 Baths
1,260 Sq Ft
$142/mo HOA Fee

Last Sold June 05, 2018

Last sale price $254,000 $202 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,234/month

5 Days on Market

Highlights

  • 1 Boat Dock
  • Pier
  • Home fronts navigable water
  • Ocean City Elementary School Rated A
  • Pier or Dock
  • Canal View

About This Home

As of June 2018

Wider canal with straight float to open bay. Neighborly location via 94th Street with nearby Art League, City Tennis, Playground & Bark Park + grocery store & good eats. 2-level condo with gas fireplace, heated exterior Utility room, large grilling deck (20' from structure) + storage, an outside shower. New laminate flooring, updated Kitchen appliances, fresh interior paint. Perfect condo for the water sports and fishing enthusiasts, no fuss, kick-back and enjoy. Boat Slip w/ 8k Power Lift, set-up for Pontoon, previously held up to 28' V-hull. Pre-Inspected + 1-year Warranty. RE Taxes @ $248/m, Condo Fee @ $142/m (includes $500/yr Capital Fund). 2 macadam lot parking spaces, central HVAC. Intimate 9-unit Complex, favored Southern exposure. No rentals to honor, ready for Summer recreation

Last Agent to Sell the Property

Joy Snyder

RE/MAX Advantage Realty Listed on: 04/28/2018

Last Buyer's Agent

James Littlefield

Northrop Realty License #RS-0026243

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,891

Year Built

  • Built in 1973

Lot Details

  • Home fronts navigable water
  • South Facing Home
  • Cleared Lot

HOA Fees

  • $142 Monthly HOA Fees

Home Design

  • Block Foundation
  • Frame Construction
  • Built-Up Roof
  • Wood Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,260 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Screen For Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Canal Views
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Off-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Outdoor Shower
  • Pier
  • Water Access
  • Property is near a canal
  • Bulkhead
  • Electric Hoist or Boat Lift
  • 1 Boat Dock
  • Deck
  • Storage Shed
  • Porch

Location

  • Flood Risk

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
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 3
  • Assessor Parcel Number 093996

Community Details

Overview

  • 9 Units
  • Low-Rise Condominium
  • Bayside Row Community

Recreation

  • Pier or Dock

Security

  • Complex Is Fenced
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,891

Year Built

Built in 1973

Lot Details

0

HOA Fees

$142 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
  • Exclusions: ITEMIZED INVENTORY PROVIDED: tools excluded.
  • Federal Flood Insurance: Yes
  • Historic: No
  • Home Warranty: Yes
  • Inclusions: Exhaust Fan(s)
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Remarks Public: Wider canal with straight float to open bay. Neighborly location via 94th Street with nearby Art League, City Tennis, Playground & Bark Park + grocery store & good eats. 2-level condo with gas fireplace, heated exterior Utility room, large grilling deck (20' from structure) + storage, an outside shower. New laminate flooring, updated Kitchen appliances, fresh interior paint. Perfect condo for the water sports and fishing enthusiasts, no fuss, kick-back and enjoy. Boat Slip w/ 8k Power Lift, set-up for Pontoon, previously held up to 28' V-hull. Pre-Inspected + 1-year Warranty. RE Taxes @ $248/m, Condo Fee @ $142/m (includes $500/yr Capital Fund). 2 macadam lot parking spaces, central HVAC. Intimate 9-unit Complex, favored Southern exposure. No rentals to honor, ready for Summer recreation
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
  • Interior Amenities: Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1260
  • Living Area Sq Ft: 1260
  • Price Per Sq Ft: 198.41
  • Above Grade Finished Sq Ft: 1260
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 705

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame, Vinyl Siding, Wood Siding, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • View: Canal, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Off Street, Assigned
  • Type Of Parking: Off Street

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
  • Utilities: Cable Tv
  • Water Sewer Expenses: 760.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1700.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pier/Dock
  • HOA: 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: Bulkheaded, Cleared
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning Description: R2
  • In City Limits: Yes

Building Info

  • Building Features: Fencing

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5404807
  • Assessor Parcel Number: 093996
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Close Date: 06/05/2018

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2018
Closed on
May 29, 2018
Sold by
Gm Managment Llc
Bought by
Hill Stephen and Ferger Hill Robin
Seller's Agent
Joy Snyder
RE/MAX Advantage Realty
Buyer's Agent
James Littlefield
Northrop Realty
List Price
$250,000
Sold Price
$254,000
Premium/Discount to List
$4,000
1.6%
Current Estimated Value
$496,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,925
Avg. Annual Appreciation
10.11%
Original Mortgage
$228,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2005
Sold by
Maier Louis H
Bought by
Gm Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
5.83%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 21, 2005
Sold by
Maier Louis H
Bought by
Gm Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
5.83%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 15, 1998
Sold by
Kaminski Richard W and Kaminski Katherine D
Bought by
Maier Louis H

Purchase Details

Closed on
Mar 28, 1990
Sold by
Martinez Edward J and Martinez Dolores
Bought by
Kaminski Richard W and Kaminski Katherine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
10.26%
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
Hill Stephen $254,000 None Available
Gm Management Llc $350,000 --
Gm Management Llc $350,000 --
Maier Louis H $93,000 --
Kaminski Richard W $91,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Robin Ferger $270,000
Closed Hill Stephen $228,600
Previous Owner Gm Management Llc $233,750
Previous Owner Gm Management Llc $233,750
Previous Owner Kaminski Richard W $73,000
Closed Maier Louis H --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2018 06/05/18 Sold $254,000 +1.6% $202 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
04/28/2018 04/28/18 For Sale $250,000 -- $198 / 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 $3,891 $278,867 $0 $0
2023 $2,957 $210,400 $105,200 $105,200
2022 $2,957 $210,400 $105,200 $105,200
2021 $2,973 $210,400 $105,200 $105,200
2020 $2,973 $210,400 $105,200 $105,200
2019 $2,993 $210,400 $105,200 $105,200
2018 $2,963 $210,400 $105,200 $105,200
2017 $2,987 $210,400 $0 $0
2016 -- $210,400 $0 $0
2015 $3,614 $210,400 $0 $0
2014 $3,614 $210,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joy Snyder

    Seller's Agent in 2018

    Joy Snyder

    RE/MAX

    Section Image
  • James Littlefield

    Buyer's Agent in 2018

    James Littlefield

    Creig Northrop Team of Long & Foster

    (443) 235-9485

    5 in this area

    41 Total Sales

    James Littlefield
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001556270

Bright MLS

APN: 10-093996

Maryland Worcester County Ocean City 21842

705 Mooring Rd Unit 3, Ocean City, MD

This home is located at 705 Mooring Rd Unit 3, Ocean City, MD 21842 since 28 April 2018 and is currently estimated at $496,925, approximately $394 per square foot. This property was built in 1973. 705 Mooring Rd Unit 3 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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