$260,000
SOLD SEP 25, 2020

300 Somerset St Unit A302 Ocean City, MD 21842

2 Beds
2 Baths
890 Sq Ft
$581/mo HOA Fee

Recently Sold

$292 Per Sq Ft

28% Below List Price

444 Days on Market

Highlights

  • 1 Dock Slip
  • Home fronts navigable water
  • Bay View
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • 5-minute walk to Sunset Park

About This Home

As of September 2021

WATCH THE PONIES AT ASSATEAGUE ISLAND!! Somerset St And The Inlet, 2 BR 2 BA White Marlin 302 A Building, Facing South West,Deep Water Boat Slip # 4 Included, Fully Furnished, Shows Very Well, Parking Place # 3 Is Included, Outdoor Pool In Front Of The B Building, You Will Be Just A Short Walk From The Boardwalk, Caramel Corn & Thrasher's Fries, Sit On Your Deck In Front, Watch The People, Boats And Ponies, You Will Enjoy This Great Downtown Location, Pool And The Deep Water Boat Slip # 4, Take A Look At This Bayside Water Front Property Before You Make Your Buying Decision!!

Last Agent to Sell the Property

Wayne Phillips

Coastal Life Realty Group LLC

Last Buyer's Agent

Joseph Wilson

Coastal Life Realty Group LLC License #633148

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,709

Year Built

  • Built in 1987

Lot Details

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

HOA Fees

  • $581 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Built-Up Roof
  • Stick Built Home
  • Masonry
  • Stucco

Interior Spaces

  • 890 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Dining Area
  • Bay Views

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Parking Lot
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Limit On Boat Length
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • 1 Powered Boats Permitted
  • Balcony
  • Exterior Lighting

Location

  • Flood Risk
  • Bayside

Utilities

  • Central Heating and Cooling System
  • Air Source Heat Pump
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 2464
  • Assessor Parcel Number 10-309131

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, pier/dock maintenance, pool(s), reserve funds, snow removal, water
  • Low-Rise Condominium
  • White Marlin Community

Recreation

  • Boat Dock
  • Pier or Dock
  • Community Pool

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,709

Year Built

Built in 1987

Lot Details

0

HOA Fees

$581 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: See Exclusion List, Personals Only
  • Historic: No
  • Home Warranty: No
  • Inclusions: Fully Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1987
  • Remarks Public: WATCH THE PONIES AT ASSATEAGUE ISLAND!! Somerset St And The Inlet, 2 BR 2 BA White Marlin 302 A Building, Facing South West,Deep Water Boat Slip # 4 Included, Fully Furnished, Shows Very Well, Parking Place # 3 Is Included, Outdoor Pool In Front Of The B Building, You Will Be Just A Short Walk From The Boardwalk, Caramel Corn & Thrasher's Fries, Sit On Your Deck In Front, Watch The People, Boats And Ponies, You Will Enjoy This Great Downtown Location, Pool And The Deep Water Boat Slip # 4, Take A Look At This Bayside Water Front Property Before You Make Your Buying Decision!!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Flat, Floor Plan - Open, Primary Bath(s), Window Treatments
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab, Pillar/Post/Pier
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 890
  • Living Area Sq Ft: 890
  • Price Per Sq Ft: 369.66
  • Above Grade Finished Sq Ft: 890
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 300

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Masonry, Stick Built, Stucco
  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Street Lights
  • Roof: Built-Up, Flat
  • View: Bay
  • Water Access Features: Boat - Length Limit, Boat - Powered
  • Water Access: Yes
  • Water Body Name: Assawoman
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6975.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Elevator, Pier/Dock, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Pier/Dock Maintenance, Pool(s), Reserve Funds, Snow Removal, Water
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: I-1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Total Actual Rent: 12565.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5423376
  • Tax Annual Amount: 3709.00
  • Assessor Parcel Number: 10-309131
  • Tax Lot: 2464
  • Tax Total Finished Sq Ft: 890
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/25/2020

Multi Family

  • Federal Flood Zone: AE
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $384,000 +1.3% $431 / Sq Ft
07/06/2021 07/06/21 For Sale $379,000 +45.8% $426 / Sq Ft
09/25/2020 09/25/20 Sold $260,000 -21.0% $292 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
07/08/2020 07/08/20 Price Changed $329,000 -5.7% $370 / Sq Ft
11/20/2019 11/20/19 Price Changed $349,000 -2.8% $392 / Sq Ft
06/12/2019 06/12/19 For Sale $359,000 -- $403 / 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
2024 $4,512 $323,333 $0 $0
2023 $3,689 $262,500 $131,200 $131,300
2022 $3,689 $262,500 $131,200 $131,300
2021 $3,709 $262,500 $131,200 $131,300
2020 $3,502 $262,500 $131,200 $131,300
2019 $3,502 $246,200 $0 $0
2018 $3,238 $229,900 $0 $0
2017 $3,032 $213,600 $0 $0
2016 -- $213,600 $0 $0
2015 $3,653 $213,600 $0 $0
2014 $3,653 $267,000 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $288,000 New Conventional
Closed -- No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed $384,000 Ocean Investments Title Corp
Deed $260,000 None Available
Deed $377,000 --
Deed $320,000 --
Deed $200,000 --
Deed $135,000 --
Source: Public Records

About the Listing Agent

Wayne Phillips

Coastal Life Realty Group LLC

(410) 726-9200

Section Image

A real estate professional since 1988, Wayne Phillips is known for his integrity, tenacity, and sincerity in all his transactions. Born and raised on the Eastern Shore of Maryland, Wayne has witnessed the tremendous change and growth that has transformed the area into one of the country's top destinations for those seeking recreation, relaxation, or retirement.

With hundreds of millions of dollars in sales, Wayne has extensive knowledge of the Ocean City real estate market. Whether you

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    • 988 Sq Ft
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    • 12301 Jamaica Ave
    • Unit B203
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  • 8 134th St Unit 203, Ocean City, MD 21842

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Source: Bright MLS

MLS Number: MDWO107000

Bright MLS

APN: 10-309131