NOT LISTED FOR SALE

7401 Atlantic Ave Unit 11 Ocean City, MD 21842

Estimated Value: $381,286 - $410,000

1 Bed
1 Bath
720 Sq Ft
$292/mo HOA Fee

Last Sold May 24, 2019

Last sale price $250,000 $347 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,676/month

Highlights

  • Ocean View
  • Home fronts navigable water
  • Deck
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Main Floor Bedroom

About This Home

As of May 2019

Ocean Villas #11 could be your oceanfront paradise. This first-floor unit off 74th St. is 720 Sq. Ft. (not including a ton of outdoor living space) of true beach living! The entire unit is adorned with authentic wood ceilings and wood beams. Enter through the front door into the open and airy eat-in kitchen. Down the hall you will find the charming master suit that features two large closets (one containing stacked laundry), an additional linen closet, and beautiful French doors that open to the living room and look straight out to the ocean. The HUGE back deck is truly the crown jewel of this condo. It is partially covered to provide shade on those extra-sunny days, but the majority of the deck is wide open and perfect for sunbathing or watching the sunrise over the ocean. A storm door is also installed to protect the condo from inclement weather. This condo has excellent rental potential but you re going to want it all for yourself! Schedule a showing today this one will NOT last long.

Last Agent to Sell the Property

Joseph Wilson

(443) 235-8382 joewilsonsells@gmail.com Coastal Life Realty Group LLC License #633148 Listed on: 04/10/2019

Last Buyer's Agent

Lauren Bunting

(410) 422-9899 lwbunting@comcast.net Keller Williams Realty Delmarva License #581537

Keller Williams Realty Delmarva

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,031

Year Built

  • Built in 1966

Lot Details

  • Home fronts navigable water
  • Cleared Lot
  • Property is in very good condition

HOA Fees

  • $292 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 720 Sq Ft Home
  • Property has 1 Level
  • Paneling
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Carpet
  • Ocean Views
  • Dryer

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property is near an ocean
  • Balcony
  • Deck
  • Wood or Metal Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 329A
  • Assessor Parcel Number 10-084229

Community Details

Overview

  • Association fees include exterior building maintenance, insurance
  • Low-Rise Condominium
  • Ocean Villa Community

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,031

Year Built

Built in 1966

Lot Details

0

HOA Fees

$292 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
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-04-10
  • Federal Flood Zone: No
  • Year Built: 1966
  • Remarks Public: Ocean Villas #11 could be your oceanfront paradise. This first-floor unit off 74th St. is 720 Sq. Ft. (not including a ton of outdoor living space) of true beach living! The entire unit is adorned with authentic wood ceilings and wood beams. Enter through the front door into the open and airy eat-in kitchen. Down the hall you will find the charming master suit that features two large closets (one containing stacked laundry), an additional linen closet, and beautiful French doors that open to the living room and look straight out to the ocean. The HUGE back deck is truly the crown jewel of this condo. It is partially covered to provide shade on those extra-sunny days, but the majority of the deck is wide open and perfect for sunbathing or watching the sunrise over the ocean. A storm door is also installed to protect the condo from inclement weather. This condo has excellent rental potential but you re going to want it all for yourself! Schedule a showing today this one will NOT last long.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Carpet
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Flat
  • Fireplace: No
  • Wall Ceiling Types: Paneled Walls
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 720
  • Living Area Sq Ft: 720
  • Price Per Sq Ft: 347.22
  • Above Grade Finished Sq Ft: 720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7401

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Wood/Metal Shed
  • Construction Materials: Stick Built, Vinyl Siding
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

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

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
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3500.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Insurance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Use Code: 012
  • Lot Features: Cleared
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5404007
  • Tax Annual Amount: 3031.00
  • Assessor Parcel Number: 10-084229
  • Tax Lot: 329A
  • Tax Total Finished Sq Ft: 720
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 05/24/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
May 24, 2019
Sold by
Meyers Jacqueline F and Estate Of Judy H Barrett
Bought by
Porter Wayne M and Porter Christine L
Seller's Agent
Joseph Wilson
Coastal Life Realty Group LLC
Buyer's Agent
Lauren Bunting
Keller Williams Realty Delmarva
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$392,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,072
Avg. Annual Appreciation
7.28%
Original Mortgage
$225,000
Outstanding Balance
$197,419
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$194,653

Purchase Details

Closed on
Sep 26, 2002
Sold by
Campagnone Alfred R and Campagnone Mary T
Bought by
Barrett Judy H

Purchase Details

Closed on
Oct 3, 1986
Sold by
Elliott William E
Bought by
Campagnone Alfred R and Campagnone Mary T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
10.08%
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
Porter Wayne M $250,000 Front Door Title Inc
Barrett Judy H $257,500 --
Campagnone Alfred R $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Porter Wayne M $225,000
Previous Owner Campagnone Alfred R $66,000
Closed Barrett Judy H --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2019 05/24/19 Sold $250,000 0.0% $347 / Sq Ft
04/13/2019 04/13/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $250,000 -- $347 / 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 $3,667 $295,200 $0 $0
2024 $3,667 $262,800 $0 $0
2023 $3,238 $230,400 $161,200 $69,200
2022 $3,238 $230,400 $161,200 $69,200
2021 $3,256 $230,400 $161,200 $69,200
2020 $3,255 $230,400 $161,200 $69,200
2019 $3,165 $222,467 $0 $0
2018 $3,022 $214,533 $0 $0
2017 $2,933 $206,600 $0 $0
2016 -- $206,600 $0 $0
2015 $3,568 $206,600 $0 $0
2014 $3,568 $248,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Wilson

    Seller's Agent in 2019

    Joseph Wilson

    Coastal Life Realty Group LLC

    (443) 235-8382

    176 in this area

    271 Total Sales

    Joseph Wilson
    Section Image
  • Lauren Bunting

    Buyer's Agent in 2019

    Lauren Bunting

    Keller Williams Realty Delmarva

    (410) 422-9899

    71 in this area

    175 Total Sales

    Lauren Bunting
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO105100

Bright MLS

APN: 10-084229

Maryland Worcester County Ocean City 21842

7401 Atlantic Ave Unit 11, Ocean City, MD

This home is located at 7401 Atlantic Ave Unit 11, Ocean City, MD 21842 since 10 April 2019 and is currently estimated at $392,072, approximately $544 per square foot. This property was built in 1966. 7401 Atlantic Ave Unit 11 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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