NOT LISTED FOR SALE

721 Rusty Anchor Rd Ocean City, MD 21842

Estimated Value: $560,000 - $704,000

3 Beds
3 Baths
1,472 Sq Ft
$433/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $520,000 $353 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,229/month

387 Days on Market

Highlights

  • Primary bedroom faces the bay
  • 1 Dock Slip
  • Home fronts navigable water
  • Ocean City Elementary School Rated A
  • Pier or Dock
  • Water Access

About This Home

As of September 2020

ABSOLUTELY BEAUTIFUL BAYFRONT VIEW FROM YOUR MASTER BEDROOM, LIVING ROOM, AND KITCHEN!!! This property is a MUST SEE, for those who want to enjoy the Bay and the sunsets in a small garden style community. Enjoy the tranquility and peaceful setting of being located on the North End of Ocean City. This 3 bedroom, 3 bath condominium offers 2 decks to enjoy beautiful sunsets all year round. The private boat dock/lift is located to make a cruise around the bay a breeze. The low condo fees is a definate plus, at only $4,200.00 annually. This unit has never been rented and is located close to restaurants and grocery store that stay open year round. Schedule an appointment today for the MUST SEE condominium: CHECK OUT THE VIRTUAL OPEN HOUSE: https://youtu.be/3aw6ushUsCA

Last Agent to Sell the Property

Theresa Diefendorf

(309) 253-6059 theresadiefendorf@kw.com Keller Williams Realty Delmarva Listed on: 07/29/2019

Keller Williams Realty Delmarva

Last Buyer's Agent

Linda Welch

(410) 236-7946 lwelch@pinnaclere.net Keller Williams Realty Centre License #657034

Keller Williams Realty Centre

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,825

Year Built

  • Built in 1980

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,472 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Furnished
  • Built-In Features
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom faces the bay

Laundry

  • Dryer
  • Washer

Parking

  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property near a bay
  • Electric Hoist or Boat Lift
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Dock made with Treated Lumber

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 9160
  • Assessor Parcel Number 10-094593

Community Details

Overview

  • Association fees include common area maintenance
  • Rusty Anchor Community

Recreation

  • Pier or Dock

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,825

Year Built

Built in 1980

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Washer
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Family Room Off Kitchen, Kitchen - Table Space, Primary Bedroom - Bay Front, Skylight(s), Wet/Dry Bar, Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1472
  • Living Area Sq Ft: 1472
  • Price Per Sq Ft: 366.17
  • Above Grade Finished Sq Ft: 1472
  • 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: Stick Built, Vinyl Siding
  • View: Bay
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4200.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pier/Dock
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • 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-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5404859
  • Tax Annual Amount: 4825.00
  • Assessor Parcel Number: 10-094593
  • Tax Lot: 9160
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

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
Jul 29, 2019
Closed on
Sep 25, 2020
Sold by
Rubin Lawrence L and Rubin Linda K
Bought by
Welch Linda J
Seller's Agent
Theresa Diefendorf
Keller Williams Realty Delmarva
Buyer's Agent
Linda Welch
Keller Williams Realty Centre
List Price
$579,000
Sold Price
$520,000
Premium/Discount to List
-$59,000
-10.19%
Current Estimated Value
$636,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,809
Avg. Annual Appreciation
3.97%
Original Mortgage
$320,000
Outstanding Balance
$284,623
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$352,186

Purchase Details

Closed on
Jan 11, 2002
Sold by
Rubin Lawrence L
Bought by
Rubin Lawrence L and Rubin Linda K

Purchase Details

Closed on
Oct 16, 1981
Sold by
Commonwealth National
Bought by
Taylor Enterprises Inc
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
Welch Linda J $520,000 Goldstar Title Co
Rubin Lawrence L -- --
Taylor Enterprises Inc $98,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welch Linda J $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2020 09/25/20 Sold $520,000 -3.5% $353 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
09/24/2019 09/24/19 Price Changed $539,000 -5.3% $366 / Sq Ft
09/05/2019 09/05/19 Price Changed $569,000 -1.7% $387 / Sq Ft
07/29/2019 07/29/19 For Sale $579,000 -- $393 / 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 $6,351 $465,100 $0 $0
2024 $5,627 $403,300 $0 $0
2023 $4,799 $341,500 $170,700 $170,800
2022 $4,799 $341,500 $170,700 $170,800
2021 $4,826 $341,500 $170,700 $170,800
2020 $4,825 $341,500 $170,700 $170,800
2019 $4,830 $340,500 $0 $0
2018 $4,782 $339,500 $0 $0
2017 $4,748 $338,500 $0 $0
2016 -- $334,467 $0 $0
2015 $5,386 $330,433 $0 $0
2014 $5,386 $326,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Theresa Diefendorf

    Seller's Agent in 2020

    Theresa Diefendorf

    Keller Williams Realty Delmarva

    (309) 253-6059

    7 in this area

    14 Total Sales

    Theresa Diefendorf
    Section Image
  • Linda Welch

    Buyer's Agent in 2020

    Linda Welch

    Keller Williams Realty Centre

    (410) 236-7946

    12 Total Sales

    Linda Welch
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO108106

Bright MLS

APN: 10-094593

Maryland Worcester County Ocean City 21842

721 Rusty Anchor Rd, Ocean City, MD

Not Listed for Sale

Townhouses

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