NOT LISTED FOR SALE

745 Mooring Rd Unit 206 Ocean City, MD 21842

Estimated Value: $249,000 - $300,000

1 Bed
1 Bath
656 Sq Ft
$300/mo HOA Fee

Last Sold May 14, 2024

Last sale price $279,000 $425 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,052/month

73 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Elevator
  • Ocean City Elementary School Rated A
  • Lake Privileges
  • Heat Pump System

About This Home

As of May 2024

Amazing views and EASY beach access! Absolutely stunning bayfront sunset views from this captivating condo in Georgetown By The Sea. Enjoy your beverage of choice while watching the boating/parasailing and wildlife activity from your PRIVATE deck facing Assawoman Bay. Own your personal little piece of the expansive bay; calming, peaceful, regenerative, inspirational. BOTH living area/kitchen AND primary bedroom have full bayfront views. Life here is simple, compact, unburdening; one bedroom, one full bath plus pullout sofa for extra guests. Full kitchen with washer/dryer. Boat slips are plentiful and available for only $300 per year! Should you decide to wander out for a bit, nearby are entertainment, convention and arts/cultural venues (OC Center for the Arts), not to mention a plethora of excellent and well-known restaurants, coffee shops, shopping and night life hotspots. Or, stay close by and fish/crab from the fantastic boardwalk or take your pup to the 94th Street Dog Park. This unit comes fully furnished and equipped; furnishings are nearly new. Simple, yet sensational. Also, please note that there is ample and FREE parking at the Acme shopping center, directly across the street from the 94th Street beach access.
Condo fees will increase from $900 per quarter to $1500 per quarter beginning in July, 2024.

Last Agent to Sell the Property

Marcia Zercoe

(410) 703-3008 mzercoe@ttrsir.com TTR Sotheby's International Realty License #654344 Listed on: 02/02/2024

TTR Sotheby's International Realty

Last Buyer's Agent

Brian Foley

(443) 365-5075 brian@ryanhaley.com Coastal Life Realty Group LLC License #RS-0025171

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,941

Year Built

  • Built in 1973

Lot Details

  • Home fronts navigable water

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 656 Sq Ft Home
  • Property has 4 Levels
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Outdoor Features

  • Water Access
  • Property near a bay
  • Lake Privileges

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 206
  • Assessor Parcel Number 2410100151

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance
  • Low-Rise Condominium
  • Georgetown By The Sea Community

Amenities

  • Common Area
  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,941

Year Built

Built in 1973

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Condominium
  • Exclusions: personal items
  • Inclusions: furnishings
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1973
  • Automatically Close On Close Date: Yes
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace: No
  • Levels Count: 4
  • Basement: No
  • Total Sq Ft: 656
  • Living Area Sq Ft: 656
  • Price Per Sq Ft: 425.30
  • Above Grade Finished Sq Ft: 656
  • Above Grade Finished Area Units: Square Feet

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
  • Construction Materials: Concrete
  • Water Access: Yes
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • 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: 900.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1941.00
  • Assessor Parcel Number: 2410100151
  • Tax Lot: 206
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
May 16, 2024
Sold by
Kenney Renee M and Kenney Gary K
Bought by
Peters David and Peters Erica
Seller's Agent
Marcia Zercoe
TTR Sotheby's International Realty
Buyer's Agent
Brian Foley
Coastal Life Realty Group LLC
List Price
$297,000
Sold Price
$279,000
Premium/Discount to List
-$18,000
-6.06%
Views
118
Current Estimated Value
$282,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,409
Avg. Annual Appreciation
0.84%
Original Mortgage
$251,100
Outstanding Balance
$247,539
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$34,870

Purchase Details

Listed on
Oct 30, 2022
Closed on
Dec 27, 2022
Sold by
Fafa Michaela
Bought by
Kenney Renee M and Kenney Cary K
Seller's Agent
Brenda Benton
Shoreline Properties
Buyer's Agent
Marcia Zercoe
TTR Sotheby's International Realty
List Price
$319,999
Sold Price
$304,000
Premium/Discount to List
-$15,999
-5%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.03%

Purchase Details

Listed on
Oct 29, 2021
Closed on
Dec 3, 2021
Sold by
Hill Vondelear Smith
Bought by
Fafa Michaela and Fafa Fawzi
Seller's Agent
Elizabeth Kapp
Long & Foster Real Estate, Inc.
Buyer's Agent
Brenda Benton
Shoreline Properties
List Price
$249,900
Sold Price
$257,000
Premium/Discount to List
$7,100
2.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.00%
Original Mortgage
$204,000
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2003
Sold by
Smith Vondelear O
Bought by
Vondelear Smith and Vondelear Hill

Purchase Details

Closed on
May 29, 1996
Sold by
Smith Vondelear O
Bought by
Smith Vondelear O

Purchase Details

Closed on
Feb 7, 1995
Sold by
Vagran George M
Bought by
Smith Vondelear O and Smoot Evelyn
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
Peters David $279,000 Community Title Network
Peters David $279,000 Community Title Network
Kenney Renee M $304,000 Brennan Title
Fafa Michaela $257,000 None Available
Fafa Michaela -- None Listed On Document
Vondelear Smith -- --
Smith Vondelear O -- --
Smith Vondelear O $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peters David $251,100
Closed Peters David $251,100
Previous Owner Fafa Michaela $204,000
Closed Smith Vondelear O --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2024 05/14/24 Sold $279,000 0.0% $425 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
03/03/2024 03/03/24 Price Changed $279,000 -6.1% $425 / Sq Ft
02/02/2024 02/02/24 For Sale $297,000 -2.3% $453 / Sq Ft
12/27/2022 12/27/22 Sold $304,000 -2.9% $463 / Sq Ft View Prior Sale
12/12/2022 12/12/22 Pending -- -- --
12/01/2022 12/01/22 Price Changed $312,999 -0.6% $477 / Sq Ft
11/15/2022 11/15/22 Price Changed $314,999 -1.6% $480 / Sq Ft
10/30/2022 10/30/22 For Sale $319,999 +24.5% $488 / Sq Ft
12/03/2021 12/03/21 Sold $257,000 +2.8% $392 / Sq Ft View Prior Sale
10/31/2021 10/31/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $249,900 -- $381 / 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 $3,284 $240,500 $0 $0
2024 $2,639 $189,100 $0 $0
2023 $1,935 $137,700 $68,800 $68,900
2022 $1,858 $132,233 $0 $0
2021 $1,791 $126,767 $0 $0
2020 $1,720 $121,300 $60,600 $60,700
2019 $1,726 $121,300 $60,600 $60,700
2018 $1,708 $121,300 $60,600 $60,700
2017 $2,355 $165,900 $0 $0
2016 -- $165,900 $0 $0
2015 $2,519 $165,900 $0 $0
2014 $2,519 $170,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2018770

Bright MLS

APN: 10-100151