5 48th St Unit 25 Ocean City, MD 21842
Estimated payment $7,368/month
Total Views
8,174
5
Beds
4
Baths
2,145
Sq Ft
$455
Price per Sq Ft
Highlights
- Ocean View
- Second Kitchen
- Oceanside
- Ocean City Elementary School Rated A
- Water Oriented
- Coastal Architecture
About This Home
BRAND NEW HVAC(cost almost $10K)! UPGRADED KITCHEN! ALL BATHROOMS FULLY UPGRADED! INCREDIBLE BEACH TOWNHOUSE - Make an offer to own this unique townhome in oceanfront Ocean Colony complex located in popular Mid-Town. Entry level has a one bedroom efficency, perfect for guests or even rent out separately, with own outside entrance. If you like balconies and decks - this is your happy place. On the living level, there is a large deck off the living room and a balcony off the main level bedroom (great for sunsets). The next floor has two bedrooms, each with own deck (one for sunsets, one for sunrises). On the top level, there is a bedroom and a sitting room/den (could be used as extra bedroom) with a huge balcony and ocean views. Ocean Colony has a beautiful pool, and lots of green common space. This is always one of the most sought-after communities in town. There is carport parking, and also reserved parking and off street permit parking. And the rental potential is huge. Owners don't rent, but est GRI is $70,000-$85,000. Updated kitchen, bathrooms, LVP flooring, New HAVC (installed Dec2024) - Great investment - Great Vacation Home - Great Primary Residence - Or live upstairs/Rent Downstairs. Make this your New Happy Place at the Beach!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $9,866
Year Built
- Built in 1966
Lot Details
- Backs To Open Common Area
- North Facing Home
HOA Fees
- $1,141 Monthly HOA Fees
Home Design
- Coastal Architecture
- Slab Foundation
- Built-Up Roof
Interior Spaces
- 2,145 Sq Ft Home
- Property has 4 Levels
- Furnished
- Beamed Ceilings
- Ceiling Fan
- Dining Area
- Bonus Room
- Efficiency Studio
- Ocean Views
Kitchen
- Second Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Partially Carpeted
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- Walk-In Closet
- Walk-in Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 1 Open Parking Space
- 3 Parking Spaces
- 1 Attached Carport Space
- Handicap Parking
- Parking Lot
- Parking Permit Included
- Assigned Parking
Outdoor Features
- Poolside Lot
- Water Oriented
- Oceanside
- Multiple Balconies
- Deck
- Patio
Utilities
- Central Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Heat Pump System
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- Level Entry For Accessibility
- Flood Risk
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number 2410068649
Community Details
Overview
- Association fees include exterior building maintenance, management, pool(s), trash, water
- $250 Other One-Time Fees
- Ocean Colony Condos
- Ocean Colony Community
- Property Manager
Amenities
- Common Area
Recreation
- Community Pool
Pet Policy
- Pets Allowed
Map
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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 |
|---|---|---|---|---|
| 2024 | $9,836 | $704,933 | $0 | $0 |
| 2023 | $9,434 | $671,300 | $335,600 | $335,700 |
| 2022 | $9,434 | $671,300 | $335,600 | $335,700 |
| 2021 | $9,486 | $671,300 | $335,600 | $335,700 |
| 2020 | $9,485 | $671,300 | $335,600 | $335,700 |
| 2019 | $9,031 | $634,833 | $0 | $0 |
| 2018 | $8,428 | $598,367 | $0 | $0 |
| 2017 | $7,937 | $561,900 | $0 | $0 |
| 2016 | -- | $521,167 | $0 | $0 |
| 2015 | $5,244 | $480,433 | $0 | $0 |
| 2014 | $5,244 | $439,700 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2025 01/15/25 | Price Changed | $975,000 | -2.5% | $455 / Sq Ft |
| 12/05/2024 12/05/24 | For Sale | $1,000,000 | -- | $466 / Sq Ft |
Source: Bright MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $485,000 | -- | |
| Deed | $485,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Closed | $371,130 | New Conventional | |
| Closed | $387,000 | Unknown | |
| Closed | $388,000 | Purchase Money Mortgage | |
| Closed | $388,000 | Purchase Money Mortgage | |
| Previous Owner | $75,000 | Stand Alone First |
Source: Public Records
Similar Homes in Ocean City, MD
Source: Bright MLS
MLS Number: MDWO2027194
APN: 10-068649
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