12506 Assawoman Dr Ocean City, MD 21842
Estimated payment $6,115/month
Total Views
5,794
--
Bed
--
Bath
2,016
Sq Ft
$494
Price per Sq Ft
Highlights
- Building is oceanfront but unit may not have water views
- Coastal Architecture
- Forced Air Heating and Cooling System
- Ocean City Elementary School Rated A
- Halls are 36 inches wide or more
About This Home
Rarely available ocean block beach cottage just steps from the sand, featuring two spacious 3-bedroom, 1.5-bath units, each approximately 1,008 square feet, on a 5,000 sq ft lot in a prime midtown location. Very close to the beach, this property offers inviting front porches, ample rear parking, and the freedom of no HOA or condo fees. Zoned R-3A, it presents excellent redevelopment potential for up to three units. Ideal for investors or owner-occupants, live in one unit and rent the other for strong income potential. Close to top restaurants and nightlife, this is a rare opportunity to own a versatile coastal property with both lifestyle and investment appeal.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,829
Year Built
- Built in 1966
Lot Details
- 5,000 Sq Ft Lot
- Building is oceanfront but unit may not have water views
- Cleared Lot
Home Design
- 2,016 Sq Ft Home
- Duplex
- Coastal Architecture
- Cottage
- Block Foundation
- Frame Construction
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Lot
Accessible Home Design
- Halls are 36 inches wide or more
Utilities
- Forced Air Heating and Cooling System
- Ductless Heating Or Cooling System
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 2410152887
Map
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Home Values in the Area
Average Home Value in this Area
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 | $8,802 | $674,967 | $0 | $0 |
| 2024 | $8,802 | $630,833 | $0 | $0 |
| 2023 | $8,245 | $586,700 | $534,000 | $52,700 |
| 2022 | $8,245 | $586,700 | $534,000 | $52,700 |
| 2021 | $8,291 | $586,700 | $534,000 | $52,700 |
| 2020 | $8,363 | $591,900 | $534,000 | $57,900 |
| 2019 | $8,120 | $570,767 | $0 | $0 |
| 2018 | $7,741 | $549,633 | $0 | $0 |
| 2017 | $7,466 | $528,500 | $0 | $0 |
| 2016 | -- | $528,500 | $0 | $0 |
| 2015 | $10,070 | $528,500 | $0 | $0 |
| 2014 | $10,070 | $530,400 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/26/2025 04/26/25 | For Sale | $995,000 | -- | $494 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $490,000 | Key Title | |
| Deed | $290,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $392,000 | New Conventional | |
| Previous Owner | $178,112 | Unknown | |
| Previous Owner | $450,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Ocean City, MD
Source: Bright MLS
MLS Number: MDWO2030292
APN: 10-152887
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