NOT LISTED FOR SALE

5 43rd St Ocean City, MD 21842

-- Bed
2 Baths
3,192 Sq Ft
6,000 Sq Ft Lot

Last Sold June 15, 2020

Last sale price $849,900 $266 Per Sq Ft

Highlights

  • Ocean View
  • Water Oriented
  • No HOA
  • Ocean City Elementary School Rated A
  • Building is oceanfront but unit may not have water views
  • Balcony

About This Home

As of June 2020

INVESTOR ALERT!!! Over $90,000 in rental income! This is the one you have been waiting for! A boutique building with three 3BR/3BA units steps from the beach with proven rental income. Each of these spacious units has been updated and you will love the layout. There are ocean views from the inside and the balconies of the second and third floor units. Each unit is completely turnkey with all the furnishings, fully equipped kitchens and a washer and dryer in each unit. Each unit sleeps 10 people. There is off street parking behind the building for 12 cars and potential for 4 unit structure. This property is located steps from the beach on 43rd street. Come take a look today. It's at 5 43rd street. Look for the sunny yellow building called Sandy Toes.

Last Agent to Sell the Property

Nancy Reither

(410) 603-5050 nreither@cbmove.com Coldwell Banker Realty Listed on: 05/22/2020

Coldwell Banker Realty

Last Buyer's Agent

Kelley Bjorkland

(443) 880-1032 bjorklandmove@gmail.com Coldwell Banker Realty License #RS-0023307

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,497

Year Built

  • Built in 1966

Lot Details

  • 6,000 Sq Ft Lot
  • Building is oceanfront but unit may not have water views
  • Cleared Lot

Home Design

  • Triplex
  • Frame Construction
  • Built-Up Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 3,192 Sq Ft Home
  • Window Treatments
  • Ocean Views
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • 12 Parking Spaces
  • 12 Off-Street Spaces

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 10-066093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,497

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1966
  • Remarks Public: INVESTOR ALERT!!! Over $90,000 in rental income! This is the one you have been waiting for! A boutique building with three 3BR/3BA units steps from the beach with proven rental income. Each of these spacious units has been updated and you will love the layout. There are ocean views from the inside and the balconies of the second and third floor units. Each unit is completely turnkey with all the furnishings, fully equipped kitchens and a washer and dryer in each unit. Each unit sleeps 10 people. There is off street parking behind the building for 12 cars and potential for 4 unit structure. This property is located steps from the beach on 43rd street. Come take a look today. It's at 5 43rd street. Look for the sunny yellow building called Sandy Toes.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Window Treatments
  • Fireplace: No
  • Foundation Details: Crawl Space, Pilings
  • Basement: No
  • Total Sq Ft: 3192
  • Living Area Sq Ft: 3192
  • Price Per Sq Ft: 266.26
  • Above Grade Finished Sq Ft: 3192
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built, Vinyl Siding
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • Spa: No
  • View: Ocean, Water
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 12

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 003
  • Lot Features: Cleared
  • Lot Size Acres: 0.14
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6000.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2020
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 95000.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5402551
  • Tax Annual Amount: 9497.00
  • Assessor Parcel Number: 10-066093
  • Tax Lot: 18
  • Tax Total Finished Sq Ft: 3192
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/15/2020

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 List to Sale Price per Sq Ft Prior Sale
06/15/2020 06/15/20 Sold $849,900 0.0% $266 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $849,900 +21.2% $266 / Sq Ft
09/01/2016 09/01/16 Sold $701,000 -6.5% $220 / Sq Ft View Prior Sale
07/15/2016 07/15/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $749,900 -- $235 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO113918

Bright MLS