NOT LISTED FOR SALE

12905 Swordfish Dr Ocean City, MD 21842

West Ocean City Neighborhood
-- Bed
-- Bath
3,136 Sq Ft
10,000 Sq Ft Lot

Last Sold September 20, 2021

Last sale price $625,000 $199 Per Sq Ft

223 Days on Market

Highlights

  • Art Deco Architecture
  • No HOA
  • Side Yard
  • Ocean City Elementary School Rated A
  • Additional Land
  • More Than Two Accessible Exits

About This Home

As of September 2021

5 units at Harbor Apartments on 2 lots is an investors dream as this property provides a positive cash flow property from day one of purchase. With $60,000 in GRI you can sit back and relax as the units have been updated in 2018 including new flooring, water heaters, split system Hvac's , steps and decking etc. With a low carrying cost and no city taxes, this is a good move for the novel investor or the seasoned professional.. Currently rented month to month, but could be rented nightly or weekly to capitalize on the close by Fishing Marina Season because of the great West OC harbor location.

Last Agent to Sell the Property

Shawn Kotwica

Coldwell Banker Realty License #653192 Listed on: 10/11/2020

Coldwell Banker Realty

Last Buyer's Agent

Shawn Kotwica

Coldwell Banker Realty License #653192 Listed on: 10/11/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,084

Year Built

  • Built in 1971

Lot Details

  • 10,000 Sq Ft Lot
  • Cleared Lot
  • Side Yard
  • Additional Land

Home Design

  • 3,136 Sq Ft Home
  • Art Deco Architecture
  • Frame Construction
  • Vinyl Siding

Parking

  • 8 Parking Spaces
  • 8 Driveway Spaces
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC

Utilities

  • Ductless Heating Or Cooling System
  • 90% Forced Air Heating System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Outdoor Grill

Listing and Financial Details

  • The owner pays for insurance, water, trash collection
  • Tax Lot 11
  • Assessor Parcel Number 10-015790

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Net Operating Income $51,385

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,084

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Art Deco
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: 5 units at Harbor Apartments on 2 lots is an investors dream as this property provides a positive cash flow property from day one of purchase. With $60,000 in GRI you can sit back and relax as the units have been updated in 2018 including new flooring, water heaters, split system Hvac's , steps and decking etc. With a low carrying cost and no city taxes, this is a good move for the novel investor or the seasoned professional.. Currently rented month to month, but could be rented nightly or weekly to capitalize on the close by Fishing Marina Season because of the great West OC harbor location.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: No
  • Total Sq Ft: 3136
  • Living Area Sq Ft: 3136
  • Price Per Sq Ft: 216.52
  • Above Grade Finished Sq Ft: 3136
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12905

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Bbq Grill
  • 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: 8
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Efficiency: Appliances, Hvac
  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 003
  • Lot Features: Additional Lot(s), Cleared, Sideyard(s)
  • Lot Size Acres: 0.23
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10000.00
  • Year Assessed: 2020
  • Zoning: R-4
  • In City Limits: No

Rental Info

  • Existing Lease Type: Net, Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Water, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 60000.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5398489
  • Tax Annual Amount: 4084.00
  • Assessor Parcel Number: 10-015790
  • Tax Lot: 11
  • Tax Total Finished Sq Ft: 3136
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/20/2021

Multi Family

  • Gross Income: 60000.00

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

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
09/20/2021 09/20/21 Sold $625,000 -8.0% $199 / Sq Ft
05/22/2021 05/22/21 Pending -- -- --
11/11/2020 11/11/20 Price Changed $679,000 -2.9% $217 / Sq Ft
10/11/2020 10/11/20 For Sale $699,000 -- $223 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shawn Kotwica

    Seller's Agent in 2021

    Shawn Kotwica

    Coldwell Banker Realty

    (724) 840-0572

    32 in this area

    247 Total Sales

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Map

Source: Bright MLS

MLS Number: MDWO117566

Bright MLS

Maryland Worcester County Ocean City 21842 West Ocean City

12905 Swordfish Dr, Ocean City, MD

This home is located at 12905 Swordfish Dr, Ocean City, MD 21842 since 11 October 2020. This property was built in 1971. 12905 Swordfish Dr is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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