401 Atlantic Ave Ocean City, MD 21842
Estimated payment $4,560/month
Highlights
- Furnished
- Community Pool
- Security Service
- Ocean City Elementary School Rated A
- 1 Elevator
- 4-minute walk to Sunset Park
About This Home
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!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,935
Year Built
- Built in 1974
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
- 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
Map
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 | $5,917 | $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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | $89,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $291,200 | Commercial | |
| Previous Owner | $66,400 | No Value Available |
Source: Bright MLS
MLS Number: MDWO2030914
APN: 10-031540
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