NOT LISTED FOR SALE

Beachmark Condo 7301 Atlantic Ave Unit 1J Ocean City, MD 21842

Estimated Value: $384,000 - $441,000

1 Bed
1 Bath
756 Sq Ft
$408/mo HOA Fee

Last Sold November 29, 2023

Last sale price $400,000 $529 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,948/month

7 Days on Market

Highlights

  • Ocean View
  • Coastal Architecture
  • Community Pool
  • Ocean City Elementary School Rated A
  • Furnished
  • Balcony

About This Home

As of November 2023

Magical oceanfront condo, steps to the beach, in the heart of the low-rise district of Ocean City. Sought after Beachmark Building with oceanfront pool. Updated and beautifully appointed with charming touches. Decorated with local artwork and even OCMD boards from the boardwalk, custom-made for the top of the credenza. Stained wood ceiling. Furnished. Spacious, comfortably sleeping six with two queen beds in the bedroom, and a queen pull-out sofa (with new memory foam mattress) in the family room with a built-in teak retractable room divider. Central HVAC (with new condenser in 18), granite countertops, LVP throughout (18), raised panel doors, hurricane shutters (12), vinyl slider (19), & windows. Updated electrical panel. Even a renovated bathroom with a wainscotted ceiling, raised vanity & toilet. Big private balcony with a tiled floor overlooking the ocean and dunes. Private owners closet and secure building with assigned parking space close to the building entrance. Perfect for your weekend getaway or Airbnb. Proven rental history if desired, but not committed for next year. Nothing to do but move right in and enjoy the view!

Last Listed By

Bobbi Prescott

RE/MAX Results License #603372 Listed on: 10/12/2023

RE/MAX Results

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,068

Year Built

  • Built in 1968

HOA Fees

  • $408 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Stucco

Interior Spaces

  • 756 Sq Ft Home
  • Furnished
  • Sliding Doors
  • Ocean Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Assigned parking located at #1J
  • Parking Lot
  • 1 Assigned Parking Space

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Flood Risk

Listing and Financial Details

  • Tax Lot 1J
  • Assessor Parcel Number 2410083915

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, lawn maintenance, pest control, pool(s), reserve funds, trash
  • Mid-Rise Condominium
  • Beachmark Condos
  • Beachmark Community
  • Property has 5 Levels

Amenities

  • Common Area
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,068

Year Built

Built in 1968

Lot Details

0

HOA Fees

$408 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-10-12
  • Federal Flood Zone: Yes
  • Year Built: 1968
  • Assigned Parking Space Numbers: 1J
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Door Features: Sliding Glass
  • Levels Count: 5
  • Basement: No
  • Laundry Type: Has Laundry, Common
  • Total Sq Ft: 756
  • Living Area Sq Ft: 756
  • Price Per Sq Ft: 529.10
  • Above Grade Finished Sq Ft: 756
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7301

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: Stucco
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 75
  • Previous Twelve Months Electric Expense: 900.00
  • Heating Fuel: Electric
  • Heating Type: Central
  • 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: 1223.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Beachmark
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Laundry Facilities, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Lawn Maintenance, Pest Control, Pool(s), Reserve Funds, Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Fenced

Schools

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

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2023
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3068.00
  • Assessor Parcel Number: 2410083915
  • Tax Lot: 1J
  • Tax Total Finished Sq Ft: 756
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/29/2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Nov 29, 2023
Sold by
Mcmichen Gary and Mcmichen Susan A
Bought by
Decasa Llc
Seller's Agent
Bobbi Prescott
RE/MAX Results
Buyer's Agent
Candi Noyes
Coldwell Banker Realty
List Price
$400,000
Sold Price
$400,000
Total Days on Market
7
Views
71
Current Estimated Value
$405,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,760
Avg. Annual Appreciation
1.02%

Purchase Details

Closed on
Nov 10, 2012
Sold by
Denney James M and Denney Eileen M
Bought by
Mcmichen Gary and Mcmichen Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2005
Sold by
Margaret O'Connor Eleanor
Bought by
Denney James M and Denney Eileen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1998
Sold by
Browning Lewis E Trustee
Bought by
O'Connor Eleanor Margaret

Purchase Details

Closed on
Jan 17, 1996
Sold by
Browning Lewis E
Bought by
Browning Lewis E Trustee

Range of Values:

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Average Value
Not Available
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
Decasa Llc $400,000 None Listed On Document
Mcmichen Gary $240,000 None Available
Denney James M $395,000 --
O'Connor Eleanor Margaret $84,000 --
Browning Lewis E Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcmichen Gary $180,000
Previous Owner Denney James M $145,000
Previous Owner Denney James M $156,000
Closed O'Connor Eleanor Margaret --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2023 11/29/23 Sold $400,000 0.0% $529 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $400,000 -- $529 / 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
2024 $3,354 $240,367 $0 $0
2023 $3,102 $220,700 $154,400 $66,300
2022 $3,059 $217,667 $0 $0
2021 $3,033 $214,633 $0 $0
2020 $2,990 $211,600 $148,100 $63,500
2019 $3,010 $211,600 $148,100 $63,500
2018 $2,980 $211,600 $148,100 $63,500
2017 $3,010 $213,100 $0 $0
2016 -- $206,567 $0 $0
2015 $2,976 $200,033 $0 $0
2014 $2,976 $193,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: MDWO2016914

Bright MLS

APN: 10-083915