NOT LISTED FOR SALE

The Rivendell 121 81st St Unit 310 Ocean City, MD 21842

Estimated Value: $738,615 - $874,000

3 Beds
2.5 Baths
2,107 Sq Ft
$1,524/ mo HOA Fee

Last Sold October 07, 2024

Last sale price $705,000 $335 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,381/month

511 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Fitness Center
  • Bay View
  • Ocean City Elementary School Rated A
  • Water Oriented
  • Coastal Architecture

About This Home

As of October 2024

The Rivendell is one of Ocean City's premier hi-rise condo buildings situated directly on the Assawoman Bay and houses The Hobbit, one of Ocean City's most prestigious and highly rated destination dining spots. Sweeping views of the bay and marshes, along with spectacular sunsets, give this unique two-level beach home with five water-facing balconies a magic of its own. This condo is one of the rare two-level units in the entire Rivendell building. The main level boasts a foyer, modern kitchen, full dining room, half bath, and large great room. The kitchen features granite countertops, high-quality cabinetry, and stainless-steel appliances. The freshly painted dining room features an elegantly long wooden table with multiple inserts and thick table pads (perfect for crab feasts!) and 10 dining chairs, plus a tall, exquisite liquor cabinet. The living room offers a balcony for outdoor enjoyment and amazing views of the bay and sunsets. All bedrooms are on the lower level and each features a private balcony for relaxation, plus a stunning view of the bay. The primary bedroom, separated by a hallway from the other bedrooms, offers a luxury soaking tub, plus a separate glass-enclosed shower. The other two bedrooms share a private hallway and full-bathroom with glass-enclosed shower. A full laundry room on the lower level features a new washer and dryer. This unique and spectacular beach home has just been completely remodeled so please come see it soon! PLEASE NOTE: This unit has been dramatically reduced; the Special Assessment will be paid in full by Seller at Settlement.

Last Agent to Sell the Property

Sandra Erbe

(302) 360-0300 walt.t@kw.com Keller Williams Realty License #676130 Listed on: 04/21/2023

Keller Williams Realty

Last Buyer's Agent

Kelly Johnston

(443) 708-7074 kelly@hubblebisbee.com Monument Sotheby's International Realty License #646200

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,018

Year Built

  • Built in 2008

Lot Details

  • West Facing Home
  • Property is in excellent condition

HOA Fees

  • $1,524 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Oversized Parking
  • Lighted Parking
  • Driveway

Property Views

  • Panoramic
  • Scenic Vista

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Entry on the 3rd floor
  • Stucco

Interior Spaces

  • 2,107 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Laundry in unit

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Home Security

Outdoor Features

  • Water Oriented
  • Property near a bay
  • Multiple Balconies

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 310
  • Assessor Parcel Number 2410761921

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, reserve funds
  • $158 Other Monthly Fees
  • Rivendell Condo Association Condos
  • Rivendell Community
  • Property Manager

Amenities

  • Elevator

Recreation

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,018

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

HOA Fees

$1,524 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Architectural Style: Coastal, Contemporary
  • Ownership: Condominium
  • Exclusions: All items marked with a red dot; items being temporarily stored in Owners Closet off of primary bedroom, staging items (see staging inventory).
  • Inclusions: Furnishings, window treatments, rugs, linens, kitchen contents. and accessories NOT marked with red dot. Lower level storage closet includes beach chairs, miscellaneous tools, etc. All storage closet contents convey.
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2023-04-21
  • Federal Flood Zone: No
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Hardwood
  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2107
  • Living Area Sq Ft: 2107
  • Price Per Sq Ft: 353.58
  • Above Grade Finished Sq Ft: 2107
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • All Lower Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 2
  • Lower Levels Bathrooms: 2.00
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Concrete
  • View: Bay, Panoramic, Scenic Vista, Water
  • Water Access: No
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 200

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Private, Paved Parking, Lighted Parking
  • Garage Features: Covered Parking, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Parking Garage, Attached Garage, Driveway
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Sprinkler System - Indoor, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1523.71
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Rivendell Condo Association
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Fitness Center, Pool - Indoor, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Reserve Funds
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 157.63
  • Other Fees Frequency: Monthly

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 8018.00
  • Assessor Parcel Number: 2410761921
  • Tax Lot: 310
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Oct 7, 2024
Sold by
Oscar & Dexter Enterprises Llc
Bought by
Truslow Robin Overton and Truslow David Edward
Seller's Agent
Sandra Erbe
Keller Williams Realty
Buyer's Agent
Kelly Johnston
Monument Sotheby's International Realty
List Price
$795,000
Sold Price
$705,000
Premium/Discount to List
-$90,000
-11.32%
Views
539
Current Estimated Value
$782,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,154
Avg. Annual Appreciation
7.59%
Original Mortgage
$505,000
Outstanding Balance
$484,804
Interest Rate
5.62%
Mortgage Type
New Conventional
Estimated Equity
$297,350

Purchase Details

Closed on
Aug 12, 2008
Sold by
Bpg Residential Vi Owner Llc
Bought by
Oscar & Dexter Enterprises Llc

Purchase Details

Closed on
Aug 8, 2008
Sold by
Bpg Residential Vi Owner Llc
Bought by
Oscar & Dexter Enterprises Llc
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Truslow Robin Overton $705,000 None Listed On Document
Oscar & Dexter Enterprises Llc $775,000 --
Oscar & Dexter Enterprises Llc $775,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Truslow Robin Overton $505,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2024 10/07/24 Sold $705,000 -5.4% $335 / Sq Ft
09/14/2024 09/14/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $745,000 -6.3% $354 / Sq Ft
01/06/2024 01/06/24 For Sale $795,000 0.0% $377 / Sq Ft
01/06/2024 01/06/24 Pending -- -- --
01/02/2024 01/02/24 Price Changed $795,000 -2.5% $377 / Sq Ft
12/05/2023 12/05/23 Price Changed $815,000 -3.6% $387 / Sq Ft
09/26/2023 09/26/23 Price Changed $845,000 -5.6% $401 / Sq Ft
06/05/2023 06/05/23 Price Changed $895,000 -3.2% $425 / Sq Ft
04/21/2023 04/21/23 For Sale $925,000 -- $439 / Sq Ft
Source: Bright MLS

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 $9,973 $730,333 $0 $0
2024 $9,064 $649,567 $0 $0
2023 $7,994 $568,800 $284,400 $284,400
2022 $7,994 $568,800 $284,400 $284,400
2021 $8,038 $568,800 $284,400 $284,400
2020 $8,068 $568,800 $284,400 $284,400
2019 $8,092 $568,800 $284,400 $284,400
2018 $8,011 $568,800 $284,400 $284,400
2017 $7,936 $585,700 $0 $0
2016 $8,174 $559,000 $0 $0
2015 $8,647 $532,300 $0 $0
2014 $8,647 $505,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2013316

Bright MLS

APN: 10-761921

Your Personal Tour Guide

Ask me questions while you tour the home.