NOT LISTED FOR SALE

731 Mooring Rd Unit 307 Ocean City, MD 21842

Estimated Value: $366,000 - $392,000

2 Beds
1 Bath
922 Sq Ft
$165/mo HOA Fee

Last Sold October 26, 2020

Last sale price $234,900 $255 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,487/month

Highlights

  • Primary bedroom faces the ocean
  • 1 Dock Slip
  • Home fronts navigable water
  • Ocean City Elementary School Rated A
  • Pier
  • Bay View

About This Home

As of October 2020

Beautiful bayside condo with south facing canal views! Top floor boasts of extra square footage for the patio! Exclusive right to BOAT SLIP #307 with automatic boat lift. Enjoy crabbing and sunsets by the pool with this gorgeous property, centrally located to year-round open bars and restaurants. Strong, self-maintained HOA allows for low condo dues. Best outdoor pool facing the bay with bike room/storage, community grills and fish filet stations. Upgrades and improvements include stainless steel appliances, crown molding and wainscoting with chair rail. Wood paneling has been removed with sleek drywall, and new patio carpet! Amazing property, turn key ready! Start your beach life today!

Last Agent to Sell the Property

Karin Bergman

(720) 320-2970 karin.acquarulo@penfedrealty.com Monument Sotheby's International Realty Listed on: 09/01/2020

Last Buyer's Agent

Nancy Reither

(410) 603-5050 nreither@cbmove.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,610

Year Built

  • Built in 1975

HOA Fees

  • $165 Monthly HOA Fees

Property Views

  • Bay
  • Canal

Home Design

  • Entry on the 3rd floor
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 922 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Dining Area
  • Carpet
  • Flood Lights

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Pier
  • Water Access
  • Property is near a canal
  • Electric Hoist or Boat Lift
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Patio
  • Water Fountains
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 307
  • Assessor Parcel Number 10-099196

Community Details

Overview

  • Association fees include exterior building maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, pier/dock maintenance, pool(s), snow removal, common area maintenance
  • $42 Other Monthly Fees
  • Low-Rise Condominium
  • Barbados Sun Condos, Phone Number (610) 202-5596
  • Barbados Sun Community

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Boat Dock
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,610

Year Built

Built in 1975

Lot Details

0

HOA Fees

$165 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: Fully Furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-09-03
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Icemaker, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 3
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Dining Area, Floor Plan - Open, Primary Bedroom - Ocean Front, Tub Shower, Wainscotting
  • Window Features: Screens, Sliding
  • Fireplace: No
  • Door Features: Storm, Sliding Glass
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Washer In Unit
  • Total Sq Ft: 922
  • Living Area Sq Ft: 922
  • Price Per Sq Ft: 254.77
  • Above Grade Finished Sq Ft: 922
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Frame
  • Exterior Features: Bbq Grill, Exterior Lighting, Flood Lights, Outside Shower, Sidewalks, Water Fountains
  • Spa: No
  • View: Bay, Canal, Street
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • 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: 1980.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Barbados Sun
  • Condo Co-Op Phone: 610-202-5596
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Reserved/Assigned Parking, Pool - Outdoor, Picnic Area, Common Grounds
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Pier/Dock Maintenance, Pool(s), Snow Removal, Common Area Maintenance
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA Name: BARBADOS SUN
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

Fee Information

  • Loss Mitigation Fee?: No
  • Other Fees: 500.00
  • Other Fees Frequency: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 25740.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5405223
  • Tax Annual Amount: 2610.00
  • Assessor Parcel Number: 10-099196
  • Tax Lot: 307
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 26, 2020
Sold by
Acquarulo David D and Bergman Karin M
Bought by
Henning Dessie M and Wiley Shawn M
Seller's Agent
Karin Bergman
Monument Sotheby's International Realty
Buyer's Agent
Nancy Reither
Coldwell Banker Realty
List Price
$234,900
Sold Price
$234,900
Current Estimated Value
$381,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,786
Avg. Annual Appreciation
10.17%
Original Mortgage
$206,410
Outstanding Balance
$184,005
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$197,681

Purchase Details

Closed on
Nov 10, 2017
Sold by
Frantz James R and Goldman Gwendolyn R
Bought by
Acquarulo David D and Acquarulo Karin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,125
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2000
Sold by
Kvedar Cyprian P and Kvedar Georgia N
Bought by
Frantz James R and Goldman Gwendolyn R

Purchase Details

Closed on
Jan 7, 1986
Sold by
Saxon Thomas A
Bought by
Kvedar Cyprian P and Kvedar Georgia N
Source: Public Records

Range of Values:

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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
Henning Dessie M $234,900 Mid Atlantic Stlmt Svcs Llc
Acquarulo David D $217,500 None Available
Frantz James R $130,400 --
Kvedar Cyprian P $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henning Dessie M $206,410
Previous Owner Acquarulo David D $163,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2020 10/26/20 Sold $234,900 0.0% $255 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $234,900 -- $255 / 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 $3,882 $284,267 $0 $0
2024 $3,366 $241,233 $0 $0
2023 $2,785 $198,200 $99,100 $99,100
2022 $2,722 $193,700 $0 $0
2021 $2,674 $189,200 $0 $0
2020 $2,763 $184,700 $92,300 $92,400
2019 $2,763 $194,800 $0 $0
2018 $2,696 $191,400 $0 $0
2017 $2,608 $188,000 $0 $0
2016 -- $183,700 $0 $0
2015 $2,523 $179,400 $0 $0
2014 $2,523 $175,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO116096

Bright MLS

APN: 10-099196