NOT LISTED FOR SALE

9201 Rusty Anchor Rd Unit B5 Ocean City, MD 21842

Estimated Value: $431,000 - $480,000

3 Beds
2.5 Baths
1,158 Sq Ft
$204/mo HOA Fee

Last Sold May 25, 2018

Last sale price $239,900 $207 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,905/month

Highlights

  • 1 Boat Dock
  • Pier or Dock
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Bay View

About This Home

As of May 2018

Large 3 bedroom 2 1/2 bath two story condo with great water views from every window,short walk to the beach. Community Boat slips and also for rent. This is one of the larger 3 bedroom condos in Ocean City with 14 Ft. cathedral ceilings in all first floor rooms. Two first floor bedrooms have walk-in closets. Second Floor has a open family room overlooking the first floor and a third bedroom off of it with a half bath. The condo has an open floor plan with wide rooms with new flooring on the first floor boasting an updated large kitchen area with a breakfast bar plus a formal dining area that seats 6. Updated building with new windows,slider doors,roof and siding. Strong rental history of $25,000 Annually

Last Agent to Sell the Property

Larry Holdren Sr.

(410) 250-2751 ocmdhre@gmail.com Sea Grace @ North Beach Realtors Listed on: 02/15/2018

Last Buyer's Agent

Jeffrey Messick

(410) 251-2196 jeffrey.messick@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0024707

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,884

Year Built

  • Built in 1975

Lot Details

  • Home fronts navigable water
  • Cleared Lot

HOA Fees

  • $204 Monthly HOA Fees

Property Views

  • Bay
  • Canal

Home Design

  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,158 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Window Screens
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Water Access
  • Property is near a canal
  • Bulkhead
  • 1 Boat Dock
  • Balcony
  • Deck
  • Storage Shed

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot B5
  • Assessor Parcel Number 093813

Community Details

Overview

  • Low-Rise Condominium
  • Discovery One Community

Recreation

  • Pier or Dock

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,884

Year Built

Built in 1975

Lot Details

0

HOA Fees

$204 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
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Walk-In Closet(s)
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Pilings, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1158
  • Living Area Sq Ft: 1158
  • Price Per Sq Ft: 207.17
  • Above Grade Finished Sq Ft: 1158
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame, Fiber Cement, Stick Built
  • Construction Completed: No
  • Roof: Architectural Shingle
  • View: Bay, Canal, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Off Street, Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • 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: 2447.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pier/Dock
  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Bulkheaded, Cleared
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5404792
  • Assessor Parcel Number: 093813
  • Tax Lot: B5
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
May 25, 2018
Sold by
Gray Robert E and Gray Rhnea M
Bought by
Ferguson Thomas M and Ferguson Mary Anne
Seller's Agent
Larry Holdren Sr.
Sea Grace @ North Beach Realtors
Buyer's Agent
Jeffrey Messick
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$259,900
Sold Price
$239,900
Premium/Discount to List
-$20,000
-7.7%
Current Estimated Value
$454,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,156
Avg. Annual Appreciation
8.94%
Original Mortgage
$215,910
Outstanding Balance
$185,906
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$268,150

Purchase Details

Closed on
Jan 17, 2002
Sold by
Spinks Shirley L
Bought by
Gray Robert E

Purchase Details

Closed on
Aug 21, 1991
Sold by
Bereson Milton I
Bought by
Spinks Shirley L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,500
Interest Rate
9.19%
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
Ferguson Thomas M $239,900 Capital Title Ins Agency
Gray Robert E $127,000 --
Spinks Shirley L $84,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferguson Thomas M $215,910
Previous Owner Spinks Shirley L $74,500
Closed Gray Robert E --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2018 05/25/18 Sold $239,900 0.0% $207 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
03/30/2018 03/30/18 Price Changed $239,900 -7.7% $207 / Sq Ft
02/16/2018 02/16/18 For Sale $259,900 -- $224 / 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 $3,884 $284,433 $0 $0
2024 $3,657 $262,067 $0 $0
2023 $3,369 $239,700 $119,800 $119,900
2022 $3,276 $233,133 $0 $0
2021 $3,202 $226,567 $0 $0
2020 $3,108 $220,000 $110,000 $110,000
2019 $3,130 $220,000 $110,000 $110,000
2018 $3,099 $220,000 $110,000 $110,000
2017 $3,014 $230,400 $0 $0
2016 -- $212,267 $0 $0
2015 $2,112 $194,133 $0 $0
2014 $2,112 $176,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Holdren Sr.

    Seller's Agent in 2018

    Larry Holdren Sr.

    Sea Grace @ North Beach Realtors

    (410) 250-2751

    78 in this area

    109 Total Sales

    Larry Holdren Sr.
    Section Image
  • Jeffrey Messick

    Buyer's Agent in 2018

    Jeffrey Messick

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (410) 251-2196

    44 in this area

    150 Total Sales

    Jeffrey Messick
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001556672

Bright MLS

APN: 10-093813

Maryland Worcester County Ocean City 21842

9201 Rusty Anchor Rd Unit B5, Ocean City, MD

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