NOT LISTED FOR SALE

717 Rusty Anchor Rd Unit 1 Ocean City, MD 21842

Estimated Value: $530,965 - $608,000

3 Beds
2 Baths
1,228 Sq Ft
$350/mo HOA Fee

Last Sold June 30, 2022

Last sale price $575,000 $468 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,721/month

3 Days on Market

Highlights

  • 50 Feet of Waterfront
  • 1 Dock Slip
  • Bay View
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Gourmet Kitchen

About This Home

As of June 2022

Welcome to Rusty Anchor East! This incredible Direct Bayfront Condo will make the perfect Beach Getaway! This residence features 3 bedrooms, 2 full bathrooms, Large Covered Bayfront Deck (guttered soffit to protect from above) with stairs to your slip (40 feet long) and boatlift, open floor plan with a gourmet kitchen featuring stainless steel appliances, and 2 parking spaces. Beautifully upgraded condo!!! Beach Condo comes fully furnished and is ready for immediate fun!!! Owners never rented and loved this property... Association replaced the roof a few years ago. Condo fee is currently $350.00 monthly. Come enjoy Bayfront BeachLife!

Last Agent to Sell the Property

Mitchell David

(443) 614-7048 mitchelldavid06@gmail.com Sheppard Realty Inc License #636139 Listed on: 05/13/2022

Last Buyer's Agent

Vicki Miller

(410) 726-7353 vicki.miller7353@gmail.com Sheppard Realty Inc (I) License #5002883

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,950

Year Built

  • Built in 1981

Lot Details

  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 2 Off-Street Spaces

Home Design

  • Coastal Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,228 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Bay Views

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Electric Hoist or Boat Lift
  • 1 Dock Slip
  • Physical Dock Slip Conveys

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 2410213215

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, management, reserve funds, trash, water
  • Low-Rise Condominium
  • Rusty Anchor East Condos
  • Rusty Anchor East Community

Recreation

  • Boat Dock
  • Pier or Dock

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,950

Year Built

Built in 1981

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1981
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dryer, Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Stainless Steel Appliances
  • Entry Floor: 1
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Floor Plan - Open, Kitchen - Gourmet, Crown Moldings, Recessed Lighting, Upgraded Countertops
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1228
  • Living Area Sq Ft: 1228
  • Price Per Sq Ft: 468.24
  • Above Grade Finished Sq Ft: 1228
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Combination
  • View: Bay
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 350.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Rusty Anchor East
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Pier/Dock
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Management, Reserve Funds, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5414921
  • Tax Annual Amount: 3950.00
  • Assessor Parcel Number: 2410213215
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

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
May 13, 2022
Closed on
Jun 30, 2022
Sold by
Joseph Mcdonald Michael
Bought by
Taylor Aaron W and Taylor Katelyn M
Seller's Agent
Mitchell David
Sheppard Realty Inc
Buyer's Agent
Vicki Miller
Sheppard Realty Inc (I)
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$557,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,009
Avg. Annual Appreciation
-0.87%
Original Mortgage
$115,000
Outstanding Balance
$109,409
Interest Rate
5.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$448,582

Purchase Details

Closed on
Aug 29, 2014
Sold by
Bauer Karen M
Bought by
Mcdonald Michael Joseph and Mcdonald Rebecca Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2005
Sold by
Whittington William W
Bought by
Bauer Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 16, 2005
Sold by
Whittington William W
Bought by
Bauer Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 7, 2003
Sold by
Sudol Stuart E and Sudol Dawn
Bought by
Whittington William W and Whittington Amy H

Purchase Details

Closed on
Apr 6, 1999
Sold by
Shea Frank M and Ammlung Robert C
Bought by
Sudol Stuart E and Sudol Dawn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Taylor Aaron W $575,000 Resort Land Title
Mcdonald Michael Joseph $210,000 First American Title
Bauer Karen M $505,000 --
Bauer Karen M $505,000 --
Whittington William W $315,000 --
Sudol Stuart E $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Aaron W $115,000
Open Taylor Aaron W $402,500
Previous Owner Mcdonald Michael Joseph $157,500
Previous Owner Bauer Karen M $408,000
Previous Owner Bauer Karen M $408,000
Closed Sudol Stuart E --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $575,000 0.0% $468 / Sq Ft
05/13/2022 05/13/22 For Sale $575,000 -- $468 / 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 $5,226 $382,700 $0 $0
2024 $4,683 $335,600 $0 $0
2023 $4,055 $288,500 $144,200 $144,300
2022 $3,991 $284,000 $0 $0
2021 $3,950 $279,500 $0 $0
2020 $3,762 $275,000 $137,500 $137,500
2019 $3,762 $265,200 $0 $0
2018 $3,597 $255,400 $0 $0
2017 $3,487 $245,600 $0 $0
2016 -- $245,600 $0 $0
2015 $4,804 $245,600 $0 $0
2014 $4,804 $307,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mitchell David

    Seller's Agent in 2022

    Mitchell David

    Sheppard Realty Inc

    (443) 614-7048

    111 in this area

    146 Total Sales

    Mitchell David
    Section Image
  • Vicki Miller

    Buyer's Agent in 2022

    Vicki Miller

    Sheppard Realty Inc (I)

    (410) 726-7353

    10 in this area

    31 Total Sales

    Vicki Miller
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO2007798

Bright MLS

APN: 10-213215

Maryland Worcester County Ocean City 21842

717 Rusty Anchor Rd Unit 1, Ocean City, MD

Not Listed for Sale

Condos

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