Seller's Agent in 2025
Lauren Hudson
Keller Williams Realty Delmarva
(302) 524-2006
47 in this area
122 Total Sales
Belmont Towers 2 Dorchester St Ocean City, MD 21842
3
Beds
3
Baths
1,693
Sq Ft
$742/mo
HOA Fee
Highlights
- 25 Feet of Waterfront
- Ocean View
- Fitness Center
- Ocean City Elementary School Rated A
- Sandy Beach
- Gourmet Kitchen
About This Home
As of February 2025RARE FIND!! PREMIUM 3 BEDROOM, 3 BATHROOM DIRECT OCEAN FRONT UNIT - PRIME BOARDWALK LOCATION!!! GREAT INVESTMENT OPPORTUNITY OR PERFECT SECOND HOME! ONE OF THE HIGHEST RENTAL INCOME PRODUCING BUILDINGS IN TOWN!! This unit has over $69,000 in gross rental income booked so far for 2022 and still booking. Very strong rental history (unit grossed just a few dollars under $96,000 in 2021). Absolutely pristine, 7th floor decorator furnished unit with views of the ocean, Ocean City Inlet, OC ferris wheel, open bay, and Assateague Island. Custom paint design throughout. Gourmet kitchen, granite counter tops, stainless steel appliances, wet bar, gas fire place (gas paid for by the condo association). His and hers closets in primary bedroom, spa like primary bathroom, ocean front balcony accessible from main living area and primary bedroom, incredible views from every bedroom, kitchen, dining and living area. Secure building, 2 elevators, gated parking garage, two side-by side assigned parking spaces located the east side of level 2 of the gated parking garage, secure owners storage area, very large southern facing outdoor community pool, sun deck, community picnic area, putting green with absolutely breath taking water views. Sauna, exercise room, owners meeting room and outdoor shower. Very well managed condo association. Buyers must honor existing rentals. Don't wait! This GEM won't last long. See floor plan in photos.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices PenFed Realty-WOC License #576050 Listed on: 01/22/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,239
Year Built
- Built in 2007 | Remodeled in 2020
Lot Details
- 25 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Sandy Beach
- Public Beach
- Two or More Common Walls
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $742 Monthly HOA Fees
Parking
- 150 Assigned Parking Garage Spaces
- Assigned parking located at #703
- Lighted Parking
- Garage Door Opener
- Off-Street Parking
- Secure Parking
Property Views
- Panoramic
Home Design
- Coastal Architecture
- Entry on the 7th floor
- Metal Roof
- Stucco
Interior Spaces
- 1,693 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Wet Bar
- Furnished
- Crown Molding
- Wainscoting
- Ceiling height of 9 feet or more
- Ceiling Fan
- Fireplace With Glass Doors
- Window Treatments
- Dining Area
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Oven
- Stove
- Range Hood
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 3 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry in unit
- Electric Dryer
- Washer
Home Security
Outdoor Features
- Water Access
- Property is near an ocean
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 703
- Assessor Parcel Number 2410753783
Community Details
Overview
- Association fees include exterior building maintenance, gas, insurance, management, pool(s), reserve funds, sauna, water
- 75 Units
- High-Rise Condominium
- Belmont Towers Community
- Non Development Subdivision
- Property Manager
Amenities
- Picnic Area
- Common Area
- Meeting Room
- 2 Elevators
Recreation
- Putting Green
Pet Policy
- Pets Allowed
Security
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 7, 2024
Closed on
Feb 13, 2025
Sold by
Allen Holbrook Llc
Bought by
Lavallee Nancy P and Lavallee Jeffrey L
Seller's Agent
Lauren Hudson
Keller Williams Realty Delmarva
Buyer's Agent
Ryan Haley
Atlantic Shores Sotheby's International Realty
List Price
$1,199,999
Sold Price
$1,170,000
Premium/Discount to List
-$29,999
-2.5%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,054
Avg. Annual Appreciation
3.12%
Original Mortgage
$936,000
Outstanding Balance
$932,065
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$258,989
Purchase Details
Closed on
Feb 22, 2011
Sold by
Hogan Lawrence J
Bought by
Roes Karl and Roes Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 11, 2008
Sold by
Dorchester Street Llc
Bought by
Hogan Lawrence J and Hogan Yumi K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 6, 2008
Sold by
Dorchester Street Llc
Bought by
Hogan Lawrence J and Hogan Yumi K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,170,000 | First American Title | |
| Deed | $1,170,000 | First American Title | |
| Deed | $665,000 | -- | |
| Deed | $850,000 | -- | |
| Deed | $850,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $936,000 | New Conventional | |
| Closed | $936,000 | New Conventional | |
| Previous Owner | $360,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $637,500 | Purchase Money Mortgage | |
| Previous Owner | $637,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/13/2025 02/13/25 | Sold | $1,170,000 | -2.5% | $691 / Sq Ft |
| 01/14/2025 01/14/25 | Pending | -- | -- | -- |
| 01/09/2025 01/09/25 | Off Market | $1,199,999 | -- | -- |
| 12/07/2024 12/07/24 | For Sale | $1,199,999 | +20.6% | $709 / Sq Ft |
| 04/22/2022 04/22/22 | Sold | $995,000 | 0.0% | $588 / Sq Ft |
| 01/22/2022 01/22/22 | For Sale | $995,000 | -- | $588 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $11,158 | $874,667 | $0 | $0 |
| 2024 | $11,158 | $799,633 | $0 | $0 |
| 2023 | $10,214 | $724,600 | $507,200 | $217,400 |
| 2022 | $10,183 | $724,600 | $507,200 | $217,400 |
| 2021 | $10,239 | $724,600 | $507,200 | $217,400 |
| 2020 | $9,669 | $724,600 | $507,200 | $217,400 |
| 2019 | $9,698 | $681,700 | $0 | $0 |
| 2018 | $8,997 | $638,800 | $0 | $0 |
| 2017 | $8,460 | $595,900 | $0 | $0 |
| 2016 | -- | $595,900 | $0 | $0 |
| 2015 | $9,305 | $595,900 | $0 | $0 |
| 2014 | $9,305 | $595,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lauren Hudson
-
Ryan Haley
Buyer's Agent in 2025
Ryan Haley
Atlantic Shores Sotheby's International Realty
(443) 880-8078
216 in this area
392 Total Sales
-
Celeste Dodson
Seller's Agent in 2022
Celeste Dodson
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 235-3834
24 in this area
58 Total Sales
About Belmont Towers
Map
Source: Bright MLS
MLS Number: MDWO2004990
APN: 10-753783
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