NOT LISTED FOR SALE

401 Atlantic Ave Ocean City, MD 21842

Estimated Value: $598,000 - $607,451

2 Beds
2 Baths
862 Sq Ft
$767/mo HOA Fee

Last Sold September 16, 2025

Last sale price $600,000 $696 Per Sq Ft

Current estimated payment $4,473/month

85 Days on Market

Highlights

  • Furnished
  • Community Pool
  • Security Service
  • Ocean City Elementary School Rated A
  • 1 Elevator
  • 4-minute walk to Sunset Park

About This Home

As of September 2025

LIMITED TIME OFFER...SELLER WANTS TO BUY ANOTHER PROPERTY IN FLORIDA. Rare opportunity...wake to the sunrise over the ocean. Located on the boardwalk in downtown Ocean City.
Well kept, attractive building with a private parking lot affording each owner a coveted parking spot in the most desirable area of town. This small, five story building, has an elevator. The unit is on the first floor, one level up, therefore easy access to get into unit without elevator using steps. The inside of the unit is similar to a townhouse, as the unit features two levels for ultimate privacy. This well appointed condo has a full kitchen, with refrigerator, stove, oven, dishwasher, microwave and washer and dryer. The outdoor pool is refreshing after a day at the Ocean. This unit multi level unit with two balconies, is a must see, lowest priced 2 bedroom, 2 bath unit on the ocean in the boardwalk area of town. One balcony faces the ocean, beach and boardwalk and the second balcony looks out over the pool. Boardwalk and beach are only a few feet away. Property is fully furnished and sold as seen. Only exclusions are personal items in drawers and closets. Heat Pump and disconnect on roof was replaced November 22, 2019 with an upgraded system with salt shield, and marine coating. Indoor, the air handler, stand, and drain pan with condensate pump were also replaced Nov 22, 2019 with warranty on parts until November 2029. Rental income for 2024 was $35,200!

Last Agent to Sell the Property

Joanna Laslo

(410) 629-0224 joanna@oceancitybeachproperties.com Beach Real Estate Inc License #RB-0003218 Listed on: 05/23/2025

Co-Listed By

John Widgeon

(443) 856-8022 johnny@ezsummer.com Beach Real Estate Inc

Last Buyer's Agent

Reid Odachowski

reid@coastallifeoc.com Coastal Life Realty Group LLC License #5020709

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,935

Year Built

  • Built in 1974

Lot Details

  • 131

HOA Fees

  • $767 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape

Interior Spaces

  • 862 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • Off-Street Parking

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 104
  • Assessor Parcel Number 2410031540

Community Details

Overview

  • Association fees include all ground fee
  • Mid-Rise Condominium
  • El Capitan Community

Amenities

  • Common Area
  • 1 Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,935

Year Built

Built in 1974

Lot Details

0

HOA Fees

$767 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: personal items in closets and drawers
  • Inclusions: As shown
  • New Construction: No
  • Story List: Main
  • Expected On Market: 5/23/2025 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 862
  • Living Area Sq Ft: 862
  • Price Per Sq Ft: 717.98
  • Above Grade Finished Sq Ft: 862
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Water Available, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 767.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor, Security, Common Grounds
  • HOA Condo Co-Op Fee Includes: All Ground Fee
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 5935.00
  • Assessor Parcel Number: 2410031540
  • Tax Lot: 104
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2025
Closed on
Sep 15, 2025
Sold by
Oceanview 104 Llc
Bought by
Sunrise Adventures Llc
Seller's Agent
Joanna Laslo
Beach Real Estate Inc
Buyer's Agent
Reid Odachowski
Coastal Life Realty Group LLC
List Price
$639,990
Sold Price
$600,000
Premium/Discount to List
-$39,990
-6.25%
Views
103
Current Estimated Value
$602,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,363
Avg. Annual Appreciation
1.58%

Purchase Details

Closed on
Aug 30, 2019
Sold by
Oceanview 104 Llc
Bought by
Oceanview 104 Llc

Purchase Details

Closed on
Jan 9, 2019
Sold by
Bonsell Alan and Bonsell Brenda
Bought by
Oceanview 104 Llc

Purchase Details

Closed on
Nov 27, 2017
Sold by
Engelhaupt Ronald N and Engelhaupt Frederick F
Bought by
Bonsell Alan C and Bonsell Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,200
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 1983
Sold by
Finnegan Daniel R
Bought by
Engelhaupt Frederick E and Engelhaupt Jeannette J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,400
Interest Rate
12.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sunrise Adventures Llc $600,000 None Listed On Document
Sunrise Adventures Llc $600,000 None Listed On Document
Oceanview 104 Llc -- None Available
Oceanview 104 Llc -- None Available
Bonsell Alan C -- None Available
Engelhaupt Frederick E $89,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bonsell Alan C $291,200
Previous Owner Engelhaupt Frederick E $66,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2025 09/16/25 Sold $600,000 -3.1% $696 / Sq Ft
06/09/2025 06/09/25 Price Changed $618,900 -3.3% $718 / Sq Ft
05/23/2025 05/23/25 For Sale $639,990 -- $742 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $6,485 $474,933 $0 $0
2024 $5,917 $424,067 $0 $0
2023 $5,245 $373,200 $261,200 $112,000
2022 $5,140 $365,733 $0 $0
2021 $5,063 $358,267 $0 $0
2020 $4,956 $350,800 $245,500 $105,300
2019 $4,839 $340,167 $0 $0
2018 $4,641 $329,533 $0 $0
2017 $4,527 $318,900 $0 $0
2016 -- $318,900 $0 $0
2015 $3,100 $318,900 $0 $0
2014 $3,100 $318,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joanna Laslo

    Seller's Agent in 2025

    Joanna Laslo

    Beach Real Estate Inc

    (410) 629-0224

    21 in this area

    30 Total Sales

    Joanna Laslo
    Section Image
  • John Widgeon

    Seller Co-Listing Agent in 2025

    John Widgeon

    Beach Real Estate Inc

    (443) 856-8022

    5 in this area

    6 Total Sales

    John Widgeon
    Section Image

  • R

    Buyer's Agent in 2025

    Reid Odachowski

    Coastal Life Realty Group LLC

    1 in this area

    1 Total Sale

    Reid Odachowski
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO2030914

Bright MLS

APN: 10-031540

Maryland Worcester County Ocean City 21842

401 Atlantic Ave, Ocean City, MD

Not Listed for Sale

Condos

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