$425,000
$425,000
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1 Bed
2 Baths
660 SqFt
SOLD DATE : 03/25/2024
Key Details
Sold Price $425,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 660 sqft
Price per Sqft $643
Subdivision None Available
MLS Listing ID MDWO2019170
Sold Date 03/25/24
Style Unit/Flat,Coastal
Bedrooms 1
Full Baths 1
Half Baths 1
Condo Fees $719/qua
HOA Y/N N
Abv Grd Liv Area 660
Originating Board BRIGHT
Year Built 1982
Annual Tax Amount $3,396
Tax Year 2023
Lot Dimensions 0.00 x 0.00
Property Description
Make the numbers work for you on this incredible investment opportunity with gross rental income of: $56k in 2018, $59k in 2019, $60k in 2020, $78k in 2021, $86k in 2022, and $76k in 2023. Most reviewed AirBnB in Ocean City with 700 reviews and 4.91 average rating. Come find your serenity by the sea in this modern 1 bedroom 1.5 bathroom direct oceanfront condo located in midtown Ocean City, only steps from the beach! Upon entering the unit you will be greeted with natural light reflecting off the ocean and beach into the living room. Kitchen features stainless steel appliances and a custom made butcher block counter. Upgraded LVP flooring throughout the home for easy beach maintenance. The full bathroom includes a shower/tub combo and custom cabinetry. New individual dimmable sconces in the bedroom were a recent addition. In 2023, the slider door was upgraded and replaced. LOW condo fees at only $239 per month & turn key ready - this unit will not last long! Great opportunity for an investment opportunity or your new home at the beach! Seller willing to continue management, ask agent for details.
Location
State MD
County Worcester
Area Direct Oceanfront (80)
Zoning R-3
Rooms
Main Level Bedrooms 1
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Window Unit(s)
Equipment Oven - Single, Dishwasher, Refrigerator, Washer, Dryer
Furnishings Yes
Fireplace N
Appliance Oven - Single, Dishwasher, Refrigerator, Washer, Dryer
Heat Source Electric
Exterior
Exterior Feature Balcony
Parking On Site 1
Amenities Available Other
Waterfront Description Sandy Beach
Water Access Y
Water Access Desc Public Access,Public Beach
Accessibility None
Porch Balcony
Garage N
Building
Story 1
Unit Features Mid-Rise 5 - 8 Floors
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat, Coastal
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Worcester County Public Schools
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Ext Bldg Maint
Senior Community No
Tax ID 2410222419
Ownership Condominium
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed Case by Case Basis
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Bought with James Wilson • Coastal Life Realty Group LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
tyronetoneytherealtor@gmail.com
4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States