NOT LISTED FOR SALE

717 Rusty Anchor Rd Unit 4 Ocean City, MD 21842

Estimated Value: $612,000 - $697,000

3 Beds
3 Baths
1,456 Sq Ft
$350/mo HOA Fee

Last Sold June 26, 2020

Last sale price $505,000 $347 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,312/month

2 Days on Market

Highlights

  • Primary bedroom faces the bay
  • Boat Dock
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Gourmet Kitchen

About This Home

As of June 2020

This is it!! This is what you have been looking for . A Fisherman's and water woman's paradise found. This is directly on the bay front with southern exposure. 3 bedrooms and 3 full bathrooms! This bayfront townhome/condo has been totally gutted and re done new. This is basically a brand new unit on the inside. Seller is a master custom builder and spared no expense on this re model. Fisherman and boaters dream!! Seller has just added a brand new 40 ft finger pier and $15000 lb boat lift with remote!! Can accommodate a vessel over 30 ft!! All brand new! No Plenty of extra room for 2 jet skis!! On the 1st level is a nice size bedroom with brand new beds and furniture!! Brand new full bath with heavy plate glass,ceramic tile and all new plumbing and vanity. Large newly installed kitchen w granite and stainless steel appliances etc. Everything new!! Large open concept dining and living area which leads out to your bayfront deck area and boat slip. Watch the unbelievable sunsets every day!! On the second floor are 2 master suites, with full luxury baths, all new tile and heavy plate shower enclosures and shower doors. South facing suite walks out to a private bayfront deck with cushioned chairs and love seat. There is also a large closet for lots of storage. As you enter this unit, there is a fenced in front patio area , very private, with a huge storage bin and fishing rod storage cabinets . There is a lot more, but you have to come see for your self. Shown by appointment only so call today for a private showing!!

Last Agent to Sell the Property

Billy Barr

(410) 524-6400 bbocre@gmail.com Keller Williams Realty Delmarva Listed on: 05/19/2020

Keller Williams Realty Delmarva

Last Buyer's Agent

Celeste Dodson

(443) 235-3834 Ceyainoc@comcast.net Berkshire Hathaway HomeServices PenFed Realty-WOC License #576050

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,598

Year Built

  • Built in 1981 | Remodeled in 2019

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Property is in excellent condition

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,456 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Dual Staircase
  • Wainscoting
  • Ceiling Fan
  • 1 Fireplace
  • Window Treatments

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 2 Off-Street Spaces
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property near a bay
  • Lake Privileges

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 10-213258

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, management, reserve funds, trash
  • Low-Rise Condominium
  • Rusty Anchor East Community
  • Little Salisbury Subdivision

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,598

Year Built

Built in 1981 | Remodeled in 2019

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
  • Ownership: Fee Simple
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-05-19
  • Federal Flood Zone: Yes
  • Year Built: 1981
  • Year Renovated: 2019
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 1
  • Interior Amenities: Additional Stairway, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Primary Bedroom - Bay Front, Pantry, Stall Shower, Tub Shower, Upgraded Countertops, Wainscotting, Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1456
  • Living Area Sq Ft: 1456
  • Price Per Sq Ft: 353.64
  • Above Grade Finished Sq Ft: 1456
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Water Access: Yes
  • Water Body Name: Assawomen Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

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
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Reserved/Assigned Parking, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Management, Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • 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
  • Lot Size Units: Square Feet
  • Property Condition: Excellent
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5414924
  • Tax Annual Amount: 4598.00
  • Assessor Parcel Number: 10-213258
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Jun 26, 2020
Sold by
Hare Timothy Brian O and Hare Vickie O
Bought by
Johnson Steven M and Johnson Bridget E
Seller's Agent
Billy Barr
Keller Williams Realty Delmarva
Buyer's Agent
Celeste Dodson
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$514,900
Sold Price
$505,000
Premium/Discount to List
-$9,900
-1.92%
Current Estimated Value
$651,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,052
Avg. Annual Appreciation
4.77%
Original Mortgage
$378,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2010
Sold by
Fleming Robert and Fleming Nancy
Bought by
Fleming Robert M

Purchase Details

Closed on
Dec 7, 2006
Sold by
Fleming Robert M and Nancy Maryann
Bought by
Robert and Living Trust

Purchase Details

Closed on
Nov 23, 2005
Sold by
Fleming Robert M and Nancy Maryann
Bought by
Robert and Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnson Steven M $505,000 Trusted Title Services Llc
Fleming Robert M -- --
Life Fleming Robert M For -- --
Robert -- --
Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Steven M $378,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2020 06/26/20 Sold $505,000 -1.9% $347 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $514,900 +42.2% $354 / Sq Ft
10/26/2017 10/26/17 Sold $362,000 -9.3% $249 / Sq Ft View Prior Sale
09/26/2017 09/26/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $399,000 -- $274 / 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 $6,442 $471,733 $0 $0
2024 $5,546 $397,467 $0 $0
2023 $4,542 $323,200 $161,600 $161,600
2022 $4,542 $323,200 $161,600 $161,600
2021 $4,567 $323,200 $161,600 $161,600
2020 $4,566 $323,200 $161,600 $161,600
2019 $4,584 $323,200 $161,600 $161,600
2018 $4,552 $323,200 $161,600 $161,600
2017 $4,695 $334,800 $0 $0
2016 -- $330,700 $0 $0
2015 $5,058 $326,600 $0 $0
2014 $5,058 $322,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Billy Barr

    Seller's Agent in 2020

    Billy Barr

    Keller Williams Realty Delmarva

    (410) 524-6400

    47 in this area

    98 Total Sales

    Billy Barr
    Section Image
  • Celeste Dodson

    Buyer's Agent in 2020

    Celeste Dodson

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 235-3834

    23 in this area

    50 Total Sales

    Celeste Dodson
    Section Image
  • Chris Jett

    Seller's Agent in 2017

    Chris Jett

    RE/MAX

    (443) 523-2360

    154 in this area

    199 Total Sales

    Chris Jett
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO113724

Bright MLS

APN: 10-213258

Maryland Worcester County Ocean City 21842

717 Rusty Anchor Rd Unit 4, Ocean City, MD

Not Listed for Sale

Condos

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