NOT LISTED FOR SALE
Studio
-- Bath
1,908 Sq Ft
2,268 Sq Ft Lot

Sale Details

Date Sold: June 7, 2022

Last sale price $660,000 $346 Per Sq Ft

9 Days on Market

Highlights

  • Cottage
  • Level Entry For Accessibility
  • Electric Baseboard Heater

About This Home

As of June 2022

Amazing location and RARELY available ! Located on 7th street in Downtown Ocean City, 1 block from the boardwalk and the beach. This Multi-Family home offers a 1 bed cottage on the side with it's own private entrance. There is also a two story building with a 2 bedroom unit at the bottom with a beautiful open front porch that faces South for sunshine with your morning coffee. The top floor consist of a 3 bedroom unit with an inclosed front porch and a loft. Both units offer a washer and dryer and both have 2 separate entrances, front and back. This has been a rental property for many years in a very desirable section of Ocean City . Comes furnished. This is a great investment opportunity or a place to call home. Summer is almost here, now is the time to buy and enjoy the beach life.

Last Agent to Sell the Property

Anne-Marie Bouse

(410) 723-3600 blawrence.rma@gmail.com RE/MAX Advantage Realty License #679786 Listed on: 05/01/2022

RE/MAX Advantage Realty

Co-Listed By

Rob Bouse

(410) 723-3600 blawrence.rma@gmail.com RE/MAX Advantage Realty License #679785

Last Buyer's Agent

david miller

(410) 723-3600 blawrence.rma@gmail.com RE/MAX Advantage Realty License #5005417

RE/MAX Advantage Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,773

Year Built

  • Built in 1940

Lot Details

  • 2,268

Home Design

  • 1,908 Sq Ft Home
  • Cottage
  • Block Foundation
  • Vinyl Siding

Parking

  • 1 Parking Space
  • 1 Driveway Space
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • 2,268 Sq Ft Lot

Community Details

  • 3 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 2410033772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,773

Year Built

Built in 1940

Lot Details

2,268 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Cottage, Unit/Flat
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: As seen in the photos.
  • New Construction: No
  • Expected On Market: 2022-05-01
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Block
  • Total Sq Ft: 1908
  • Living Area Sq Ft: 1908
  • Price Per Sq Ft: 406.18
  • Above Grade Finished Sq Ft: 1908
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2268.00
  • Zoning: LC-1
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Units Furnished: Some
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5399902
  • Tax Annual Amount: 3773.00
  • Assessor Parcel Number: 2410033772
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2022
Closed on
Jun 7, 2022
Sold by
Bought by
Seller's Agent
Anne-Marie Bouse
RE/MAX Advantage Realty
Buyer's Agent
david miller
RE/MAX Advantage Realty
List Price
$775,000
Sold Price
$660,000
Premium/Discount to List
-$115,000
-14.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$562,791
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 11, 1981
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$660,000 Badger Jeffrey E
-- --
$80,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Open $600,000
Previous Owner $111,000
Previous Owner $65,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/07/2022 06/07/22 Sold $660,000 -14.8% $346 / Sq Ft
05/01/2022 05/01/22 For Sale $775,000 -- $406 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,625 $469,433 $0 $0
2025 $5,625 $411,967 $0 $0
2024 $4,947 $354,500 $271,400 $83,100
2023 $4,572 $325,333 $0 $0
2022 $4,162 $296,167 $0 $0
2021 $3,773 $267,000 $190,500 $76,500
2020 $3,535 $258,100 $0 $0
2019 $3,545 $249,200 $0 $0
2018 $3,389 $240,300 $163,200 $77,100
2017 $3,412 $240,300 $0 $0
2016 $5,169 $240,300 $0 $0
2015 $4,022 $278,800 $0 $0
2014 $4,022 $278,800 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: MDWO2007396

Bright MLS

APN: 10-033772

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