NOT LISTED FOR SALE

720 Rusty Anchor Rd Ocean City, MD 21842

Estimated Value: $237,000 - $284,558

1 Bed
1 Bath
624 Sq Ft
$210/mo HOA Fee

Last Sold October 26, 2017

Last sale price $130,000 $208 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $1,901/month

81 Days on Market

Highlights

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

About This Home

As of October 2017

Waterfront 2 level townhome style property with community owned boat slip. Front and rear decks. Deeper canal in a beautiful area of the bay. Within waking distance to the beach, shopping and restaurants.

Last Agent to Sell the Property

Elaine Davidson

(267) 304-1550 elainedavidson@comcast.net RE/MAX Advantage Realty License #611737 Listed on: 07/05/2017

RE/MAX Advantage Realty

Last Buyer's Agent

Timothy Meadowcroft

(800) 992-7777 timothy.meadowcroft@lnf.com Long & Foster Real Estate, Inc. License #Rs0016409

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1980

Lot Details

  • Home fronts navigable water
  • Cul-De-Sac
  • North Facing Home
  • Cleared Lot

HOA Fees

  • $210 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 624 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Window Screens
  • Canal Views
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Water Access
  • Property is near a canal
  • Bulkhead
  • 1 Boat Dock
  • Dock Against Bulkhead
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 096219

Community Details

Overview

  • Mann Properties HOA
  • Rusty Anchor Community

Recreation

  • Pier or Dock

Security

  • Storm Doors

Property Details

Home Type

Condominium

Year Built

Built in 1980

Lot Details

0

HOA Fees

$210 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1980
  • Special Features: 20
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Upgraded Countertops
  • Window Features: Insulated, Screens
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 624
  • Living Area Sq Ft: 624
  • Price Per Sq Ft: 219.39
  • Above Grade Finished Sq Ft: 624
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Vinyl Siding, Stick Built
  • Construction Completed: No
  • Roof: Asphalt, 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

  • Garage: No
  • Parking Features: Off Street
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2520.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pier/Dock
  • HOA Name: MANN PROPERTIES
  • HOA: No

Schools

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

Lot Info

  • Lot Features: Bulkheaded, Cleared, Cul-De-Sac
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5404976
  • Assessor Parcel Number: 096219
  • Tax Lot: 37
  • County Tax Payment Frequency: Annually

Multi Family

  • Federal Flood Zone: X

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2017
Closed on
Oct 10, 2017
Sold by
Us Bank Trust Na
Bought by
Mullen Robert W and Bandell Elizabeth A
Seller's Agent
Elaine Davidson
RE/MAX Advantage Realty
Buyer's Agent
Timothy Meadowcroft
Long & Foster Real Estate, Inc.
List Price
$146,900
Sold Price
$130,000
Premium/Discount to List
-$16,900
-11.5%
Current Estimated Value
$269,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,640
Avg. Annual Appreciation
9.40%
Original Mortgage
$104,000
Outstanding Balance
$56,533
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$213,107

Purchase Details

Closed on
May 19, 2017
Sold by
Bierman Howard N
Bought by
U S Bank Trust Na and Lsf9 Master Participation Trust

Purchase Details

Closed on
Feb 9, 2007
Sold by
Lee Cohen S and Lee A
Bought by
Chesapeake Bay Investments Llc

Purchase Details

Closed on
Jan 2, 2007
Sold by
Lee Cohen S and Lee A
Bought by
Chesapeake Bay Investments Llc

Purchase Details

Closed on
May 25, 2004
Sold by
Tydings William F
Bought by
Cohen Sandra Lee

Purchase Details

Closed on
Dec 6, 1999
Sold by
Tydings William F and Tydings Jean E
Bought by
Tydings William F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mullen Robert W $130,000 Maryland Title Services
U S Bank Trust Na $140,000 None Available
Chesapeake Bay Investments Llc -- --
Chesapeake Bay Investments Llc -- --
Cohen Sandra Lee $175,000 --
Tydings William F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullen Robert W $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2017 10/26/17 Sold $130,000 -11.5% $208 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $146,900 -- $235 / 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 $3,271 $239,567 $0 $0
2024 $2,681 $192,133 $0 $0
2023 $2,034 $144,700 $72,300 $72,400
2022 $2,034 $144,700 $72,300 $72,400
2021 $2,045 $144,700 $72,300 $72,400
2020 $2,044 $144,700 $72,300 $72,400
2019 $2,053 $144,300 $0 $0
2018 $2,027 $143,900 $0 $0
2017 $2,027 $143,500 $0 $0
2016 -- $137,267 $0 $0
2015 $2,531 $131,033 $0 $0
2014 $2,531 $124,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elaine Davidson

    Seller's Agent in 2017

    Elaine Davidson

    RE/MAX

    (267) 304-1550

    23 in this area

    87 Total Sales

    Elaine Davidson
    Section Image
  • Timothy Meadowcroft

    Buyer's Agent in 2017

    Timothy Meadowcroft

    Long & Foster

    (800) 992-7777

    52 in this area

    160 Total Sales

    Timothy Meadowcroft
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000517334

Bright MLS

APN: 10-096219

Maryland Worcester County Ocean City 21842

720 Rusty Anchor Rd, Ocean City, MD

Not Listed for Sale

Condos

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