NOT LISTED FOR SALE

Estimated Value: $272,000 - $306,000

1 Bed
1 Bath
616 Sq Ft
1983 Built

Sale Details

Date Sold: December 30, 2022

Last sale price $243,000 $394 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,995 / mo

57 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Open Floorplan
  • Ocean City Elementary School Rated A
  • Oceanfront Bldg, View Varies
  • Main Floor Bedroom

About This Home

As of December 2022

This is the ocean-block condo you've been waiting for, just steps from having your toes in the sand! Step inside to find a bright and welcoming floorplan with charming coastal decor, an open kitchen with upgraded cabinetry and a breakfast bar, a spacious bedroom with abundant natural light, and a roomy full bath just down the hall. The covered balcony is perfect for enjoying ocean breezes and entertaining friends, or spend the day on the beach just a few steps away from your front door. Located in the prime mid-town Ocean City location within easy distance of popular restaurants such as Seacrets, Fagers, and Belly Busters, just a few blocks from the Convention Center (ideal for rental properties!), and within close proximity of beach activities like mini-golf and jet ski rentals. This clean and turn-key condo is offered fully furnished and ready for you to enjoy today. The Old Wharf condo building boasts a nostalgic beach flare, off-street parking including covered parking, room for a storage locker, and exceptionally low condo fees of only $2000 annually. Whether you're looking for a private beach getaway or an exceptional investment property, you've found it here!

Last Agent to Sell the Property

Rhonda Frick

(302) 539-9040 rhonda@rhondafrick.com Long & Foster Real Estate, Inc. Listed on: 10/06/2022

Long & Foster Real Estate, Inc.

Co-Listed By

Bethany Frick

(302) 539-9040 bethany@rhondafrick.com Long & Foster Real Estate, Inc. License #642678

Last Buyer's Agent

John Bloomenstock

(240) 497-0408 chrismann@remax.net REMAX Platinum Realty License #5011105

REMAX Platinum Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,718

Year Built

  • Built in 1983

Lot Details

  • Oceanfront Bldg, View Varies
  • Home fronts navigable water
  • Property is in very good condition

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Stick Built Home

Interior Spaces

  • 616 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Breakfast Area or Nook
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 2410242533

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, reserve funds
  • Low-Rise Community
  • Old Wharf Condominium Condos
  • Old Wharf Community
  • Non Development Subdivision
  • Property Manager

Amenities

  • Common Area

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,718

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

HOA Fees

$167 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
  • Exclusions: Personal items
  • Home Warranty: No
  • Inclusions: Fully furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-10-08
  • Federal Flood Zone: Yes
  • Year Built: 1983
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Breakfast Area, Carpet, Combination Kitchen/Living, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Tub Shower, Window Treatments
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 616
  • Living Area Sq Ft: 616
  • Price Per Sq Ft: 405.68
  • Above Grade Finished Sq Ft: 616
  • 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: Stick Built
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: General Common Elements, Paved Parking, Unassigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Parking Lot, On Street
  • Parking Lot Number Of Spaces: 1

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
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2000.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Old Wharf Condominium
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Reserve Funds
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5417456
  • Tax Annual Amount: 1718.00
  • Assessor Parcel Number: 2410242533
  • Tax Lot: 42
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Dec 30, 2022
Sold by
Spencer Shane
Bought by
Seller's Agent
Rhonda Frick
Long & Foster Real Estate, Inc.
Buyer's Agent
John Bloomenstock
REMAX Platinum Realty
List Price
$269,900
Sold Price
$243,000
Premium/Discount to List
-$26,900
-9.97%
Views
67
Current Estimated Value
$286,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,963
Avg. Annual Appreciation
4.62%
Original Mortgage
$182,250
Outstanding Balance
$174,240
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$112,723

Purchase Details

Listed on
Oct 4, 2017
Closed on
Dec 8, 2017
Sold by
Fagan Leonard W and Fagan Catherine L
Bought by
Spencer Shane and Spencer Margaretta
Seller's Agent
Ryan Haley
Atlantic Shores Sotheby's International Realty
Buyer's Agent
Bethany Frick
Long & Foster Real Estate, Inc.
List Price
$142,500
Sold Price
$142,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%
Original Mortgage
$128,250
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2004
Sold by
Irene Simpson
Bought by
Fagan Leonard W and Fagan Catherine L

Purchase Details

Closed on
Aug 6, 1996
Sold by
Zellner Darwin B and Zellner Judith E
Bought by
Irene Simpson

Purchase Details

Closed on
Jul 11, 1991
Sold by
Shike William R and Shike Gertrude M
Bought by
Zellner Darwin B and Zellner Judith E
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean City, MD

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$243,000 Fidelity National Title
Spencer Shane $142,500 Capitol Title Ins Agency
Fagan Leonard W $149,900 --
Irene Simpson $59,000 --
Zellner Darwin B $56,400 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $182,250
Previous Owner Spencer Shane $128,250
Previous Owner Fagan Leonard W $168,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2022 12/30/22 Sold $243,000 -2.8% $394 / Sq Ft
11/18/2022 11/18/22 Price Changed $249,900 -3.5% $406 / Sq Ft
11/01/2022 11/01/22 Price Changed $259,000 -0.3% $420 / Sq Ft
10/20/2022 10/20/22 Price Changed $259,900 -3.7% $422 / Sq Ft
10/06/2022 10/06/22 For Sale $269,900 +89.4% $438 / Sq Ft
12/08/2017 12/08/17 Sold $142,500 0.0% $231 / Sq Ft View Prior Sale
10/24/2017 10/24/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $142,500 -- $231 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,938 $261,800 $130,900 $130,900
2025 $2,938 $215,167 $0 $0
2024 $2,352 $168,533 $0 $0
2023 $1,713 $121,900 $60,900 $61,000
2022 $1,713 $121,900 $60,900 $61,000
2021 $1,723 $121,900 $60,900 $61,000
2020 $1,722 $121,900 $60,900 $61,000
2019 $1,688 $118,633 $0 $0
2018 $1,625 $115,367 $0 $0
2017 $1,584 $112,100 $0 $0
2016 -- $112,100 $0 $0
2015 $1,959 $112,100 $0 $0
2014 $1,959 $130,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2010570

Bright MLS

APN: 10-242533

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