NOT LISTED FOR SALE

725 94th St Unit 202 Ocean City, MD 21842

Estimated Value: $382,348 - $455,000

2 Beds
2 Baths
890 Sq Ft
$125/mo HOA Fee

Last Sold April 29, 2021

Last sale price $278,000 $312 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,523/month

Highlights

  • Home fronts navigable water
  • Water Access
  • Traditional Architecture
  • Ocean City Elementary School Rated A
  • Deck
  • Furnished

About This Home

As of April 2021

If you've dreamed of owning a place on the bay that is inexpensive and offers boat access and excellent water views...well your dreams just came true. This sharply updated 2 bedroom, 2 bathroom property is in a small 6 unit building on the water. It offers newer furniture, updated bathrooms, new carpeting, new interior doors, new sliders in the living room, new garbage disposal and a brand new deck off of the living room that opens out to the bay and provides some very nice views of the water. The property comes with 5 community boats slips for your boating pleasure. Very low condo fee of only $125 per month. This vacation property also offers a revamped and renovated fireplace for those romantic cooler evenings at the beach. Sold fully furnished . Very close to the 94th street shops and restaurants. Easy to show, so take a close look to see what this charming property has to offer before it's gone.

Last Agent to Sell the Property

Jeffrey Beres

(443) 614-3488 jeff.beres@cbmove.com Meredith Fine Properties License #608037 Listed on: 03/19/2021

Last Buyer's Agent

Jim Stephens

(410) 440-4191 jim@jimstephens.com EXP Realty, LLC License #RS-0093970

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,087

Year Built

  • Built in 1982

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Property is in very good condition

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Stick Built Home

Interior Spaces

  • 890 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Sliding Doors
  • Combination Dining and Living Room
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Doors swing in
  • Doors with lever handles
  • More Than Two Accessible Exits

Outdoor Features

  • Water Access
  • Property near a bay
  • Deck
  • Outdoor Storage

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • Mid-Rise Condominium
  • Waterside Six Community

Listing and Financial Details

  • Tax Lot 202
  • Assessor Parcel Number 10-224691

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,087

Year Built

Built in 1982

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat, Traditional
  • Accessibility Features: 2+ Access Exits, Doors - Lever Handle(s), Doors - Swing In
  • Ownership: Fee Simple
  • Exclusions: Some wall decorations
  • Home Warranty: No
  • Inclusions: see inclusions list
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1982
  • Remarks Public: If you've dreamed of owning a place on the bay that is inexpensive and offers boat access and excellent water views...well your dreams just came true. This sharply updated 2 bedroom, 2 bathroom property is in a small 6 unit building on the water. It offers newer furniture, updated bathrooms, new carpeting, new interior doors, new sliders in the living room, new garbage disposal and a brand new deck off of the living room that opens out to the bay and provides some very nice views of the water. The property comes with 5 community boats slips for your boating pleasure. Very low condo fee of only $125 per month. This vacation property also offers a revamped and renovated fireplace for those romantic cooler evenings at the beach. Sold fully furnished . Very close to the 94th street shops and restaurants. Easy to show, so take a close look to see what this charming property has to offer before it's gone.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Electric, Water Heater, Washer/Dryer Stacked, Stainless Steel Appliances
  • Entry Floor: 2
  • Interior Amenities: Ceiling Fan(s), Carpet, Combination Dining/Living
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Levels Count: 1
  • Room Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 890
  • Living Area Sq Ft: 890
  • Price Per Sq Ft: 308.99
  • Above Grade Finished Sq Ft: 890
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 725

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Secure Storage, Sidewalks
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 125.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5415901
  • Tax Annual Amount: 2087.00
  • Assessor Parcel Number: 10-224691
  • Tax Lot: 202
  • Tax Total Finished Sq Ft: 890
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/29/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Apr 21, 2021
Sold by
Walters Mark A and Walters Christine V
Bought by
Hofmann Henry R and Hofmann Laruen Z
Seller's Agent
Jeffrey Beres
Meredith Fine Properties
Buyer's Agent
Jim Stephens
EXP Realty, LLC
List Price
$275,000
Sold Price
$278,000
Premium/Discount to List
$3,000
1.09%
Current Estimated Value
$403,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,587
Avg. Annual Appreciation
8.64%
Original Mortgage
$208,500
Outstanding Balance
$188,250
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$215,337

Purchase Details

Closed on
Feb 19, 2015
Sold by
Grimaldi Paul Michael
Bought by
Walters Mark A and Walters Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 1983
Sold by
Berry Associates Inc
Bought by
Grimaldi Saverio J and Jeanette Anne
Source: Public Records

Range of Values:

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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
Hofmann Henry R $278,000 Mid Atlantic Title Llc
Walters Mark A $168,000 None Available
Grimaldi Saverio J $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hofmann Henry R $208,500
Previous Owner Walters Mark A $134,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2021 04/29/21 Sold $278,000 +1.1% $312 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $275,000 -- $309 / 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 $3,386 $247,967 $0 $0
2024 $2,761 $197,833 $0 $0
2023 $2,076 $147,700 $73,800 $73,900
2022 $2,076 $147,700 $73,800 $73,900
2021 $2,087 $147,700 $73,800 $73,900
2020 $2,087 $147,700 $73,800 $73,900
2019 $2,101 $147,700 $73,800 $73,900
2018 $2,080 $147,700 $73,800 $73,900
2017 $2,097 $147,700 $0 $0
2016 $2,617 $147,700 $0 $0
2015 $2,617 $147,700 $0 $0
2014 $2,617 $161,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Beres

    Seller's Agent in 2021

    Jeffrey Beres

    Meredith Fine Properties

    (443) 614-3488

    14 in this area

    14 Total Sales

    Jeffrey Beres
    Section Image
  • Jim Stephens

    Buyer's Agent in 2021

    Jim Stephens

    EXP Realty, LLC

    (410) 440-4191

    28 in this area

    336 Total Sales

    Jim Stephens
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO120996

Bright MLS

APN: 10-224691

Maryland Worcester County Ocean City 21842

725 94th St Unit 202, Ocean City, MD

This home is located at 725 94th St Unit 202, Ocean City, MD 21842 since 19 March 2021 and is currently estimated at $403,587, approximately $453 per square foot. This property was built in 1982. 725 94th St Unit 202 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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