NOT LISTED FOR SALE

717 Rusty Anchor Rd Unit 10 Ocean City, MD 21842

Estimated Value: $531,388 - $572,000

3 Beds
2 Baths
1,228 Sq Ft
$540/mo HOA Fee

Last Sold December 12, 2024

Last sale price $550,000 $448 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,887/month

21 Days on Market

Highlights

  • 20 Feet of Waterfront
  • 1 Dock Slip
  • Bay View
  • Ocean City Elementary School Rated A
  • Pier or Dock
  • Open Floorplan

About This Home

As of December 2024

Direct Bayfront Condo with Deeded Boat Slip #10. Discover your waterfront oasis in this stunning 3-bedroom, 2-bathroom condo, perfectly situated for breathtaking water views from the living room, dining room, and kitchen. Enjoy serene moments on the spacious covered deck, where you can watch the boating activity unfold. Step inside to find a well-appointed kitchen featuring stainless steel appliances and a large island with seating, ideal for entertaining. The open-concept living area is warmed by a cozy wood-burning fireplace, creating an inviting atmosphere. Highlights of the condo include elegant crown molding, bamboo flooring, and beautifully tiled bathrooms. Recent upgrades enhance the property’s appeal, with a new heat pump (2021), bathroom fixtures and toilets (2021), stainless steel appliances (2019), and a hot water heater (2023). Additional features include two storage bins, two parking spaces, and a deeded boat slip with an 8,000 lb lift for your convenience. Located in the desirable "Little Salisbury" neighborhood off 94th St., you’ll have quick access to the beach, as well as nearby basketball and tennis courts, a kids' playground, a dog park, and a variety of restaurants, coffee shops, shopping, and grocery stores. The community is also perfect for walking and biking. The building underwent updates about eight years ago, including a new roof, balconies, and vinyl railings. Don’t miss this incredible opportunity to own a direct Bayfront condo in Ocean City!

Last Agent to Sell the Property

Carol Proctor

(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288 Listed on: 11/01/2024

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Brett Berquist

(443) 736-6206 brettberquist4@gmail.com Keller Williams Realty Delmarva License #5007201

Keller Williams Realty Delmarva

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,697

Year Built

  • Built in 1981

Lot Details

  • 20 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Property is in excellent condition

HOA Fees

  • $540 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 2nd floor
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,228 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Double Hung Windows
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Six Panel Doors
  • Family Room Off Kitchen
  • Dining Area
  • Bay Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Sun Deck
  • Electric Hoist or Boat Lift
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Exterior Lighting

Location

  • Flood Risk

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • 220 Volts
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 2410213312

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pier/dock maintenance, reserve funds, snow removal, trash
  • Low-Rise Condominium
  • Ocrem Condos
  • Rusty Anchor East Community

Recreation

  • Pier or Dock

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,697

Year Built

Built in 1981

Lot Details

0

HOA Fees

$540 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Exclusions: Kayaks/Paddles/SUP, fishing Rods, Fishing gear-tackle, crabpot
  • Inclusions: fully furnished, two storage sheds, Boat Slip #10 with lift
  • 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, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Stove, Stainless Steel Appliances, Trash Compactor, Water Heater
  • Entry Floor: 2
  • Flooring Type: Bamboo, Ceramic Tile
  • Interior Amenities: Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Pantry, Recessed Lighting, Primary Bath(s), Window Treatments, Wood Floors
  • Window Features: Casement, Double Hung, Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated, Sliding Glass, Six Panel
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1228
  • Living Area Sq Ft: 1228
  • Price Per Sq Ft: 455.94
  • 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: Stick Built
  • Exterior Features: Exterior Lighting
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Private Access
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 20

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Electric, Central
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 540.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: OCREM
  • HOA Condo Co-Op Amenities: Pier/Dock, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pier/Dock Maintenance, Reserve Funds, Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

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

Rental Info

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

Tax Info

  • Tax Annual Amount: 4697.00
  • Assessor Parcel Number: 2410213312
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Dec 12, 2024
Sold by
Toomey Suzanne Elizabeth
Bought by
Hart Timothy L and Hart Karrie A
Seller's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Brett Berquist
Keller Williams Realty Delmarva
List Price
$569,900
Sold Price
$550,000
Premium/Discount to List
-$19,900
-3.49%
Views
35
Current Estimated Value
$553,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,347
Avg. Annual Appreciation
0.61%

Purchase Details

Listed on
Sep 3, 2021
Closed on
Oct 19, 2021
Sold by
Leary Edward J O and Leary Patricia O
Bought by
Toomey Suzanne Elizabeth
Seller's Agent
Dave Whittington
Coastal Life Realty Group LLC
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$474,900
Sold Price
$460,000
Premium/Discount to List
-$14,900
-3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%
Original Mortgage
$210,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 1999
Sold by
Payne William H and Payne Mary Ann
Bought by
O'Leary Edward J and O'Leary Patricia A

Purchase Details

Closed on
Mar 3, 1993
Sold by
Heimann Herman J and Sodeman James B
Bought by
Payne William H and Mary Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,600
Interest Rate
7.53%

Purchase Details

Closed on
May 5, 1982
Sold by
Martin Terry O
Bought by
Heimann Herman J and Sodeman James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,900
Interest Rate
16.81%
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
Hart Timothy L $550,000 First American Title
Toomey Suzanne Elizabeth $460,000 Certified Title Corporation
O'Leary Edward J $119,700 --
Payne William H $99,500 --
Heimann Herman J $84,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toomey Suzanne Elizabeth $210,000
Previous Owner Payne William H $79,600
Previous Owner Heimann Herman J $67,900
Closed O'Leary Edward J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2024 12/12/24 Sold $550,000 -1.8% $448 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/19/2024 11/19/24 Price Changed $559,900 -1.8% $456 / Sq Ft
11/01/2024 11/01/24 For Sale $569,900 +23.9% $464 / Sq Ft
10/22/2021 10/22/21 Sold $460,000 -3.1% $375 / Sq Ft View Prior Sale
09/03/2021 09/03/21 For Sale $474,900 -- $387 / 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

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Map

Source: Bright MLS

MLS Number: MDWO2026668

Bright MLS

APN: 10-213312