NOT LISTED FOR SALE

5602 Coastal Hwy Unit 4 PH 1 Ocean City, MD 21842

4 Beds
3.5 Baths
1,875 Sq Ft
$400/mo HOA Fee

Last Sold October 28, 2020

Last sale price $500,000 $267 Per Sq Ft

21 Days on Market

Highlights

  • Ocean View
  • Building is oceanfront but unit may not have water views
  • Coastal Architecture
  • Ocean City Elementary School Rated A
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of October 2020

Savvy Investor Wanted! When Only The Best Will Do... This Beach Side Townhouse offers the best of both worlds - Rental Potential is an investors dream, plus you get to go to the beach whenever you want! You have Beach and Bay Views from this home, Community Pool and a short walk to the Ocean. 4 bedrooms, 3-1/2 baths on 3 levels of living space. 2 car attached garage with plenty of storage. Rental income 12 weeks rented for 2019 was $38,658. Rental income has potential of $50k per year. Mid Town location with easy access to and from this home. Cross Walk and lighted intersection. For The Investor With Vision!

Last Agent to Sell the Property

Christine Tobelmann

(610) 316-4456 ctobes24@gmail.com Long & Foster Real Estate, Inc. Listed on: 08/04/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Christine Tobelmann

(610) 316-4456 ctobes24@gmail.com Long & Foster Real Estate, Inc. Listed on: 08/04/2020

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,698

Year Built

  • Built in 2004

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • On-Street Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Coastal Architecture

Interior Spaces

  • 1,875 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room

Kitchen

  • Breakfast Room
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • 90% Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Building is oceanfront but unit may not have water views
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 3
  • Assessor Parcel Number 10-426529

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, pool(s), reserve funds, snow removal
  • Tamarindo Condominium Association Condos
  • Tamarindo Community
  • Property Manager

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,698

Year Built

Built in 2004

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Exclusions: electronics, some art, deck furniture, cabana bed, night stand and dresser.
  • Inclusions: w/d, refrigerator, some furniture
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Window Treatments
  • Levels Count: 3
  • Room List: Living Room, Kitchen, Breakfast Room, Laundry
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1875
  • Living Area Sq Ft: 1875
  • Price Per Sq Ft: 280.00
  • Above Grade Finished Sq Ft: 1875
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • View: Bay, Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1200.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: TAMARINDO CONDOMINIUM ASSOCIATION
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Snow Removal
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R3
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Total Actual Rent: 40000.00
  • Vacation Rental: Yes
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5431913
  • Tax Annual Amount: 5698.00
  • Assessor Parcel Number: 10-426529
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 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
10/28/2020 10/28/20 Sold $500,000 -4.8% $267 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $525,000 -- $280 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christine Tobelmann

    Seller's Agent in 2020

    Christine Tobelmann

    Long & Foster

    (610) 316-4456

    7 in this area

    123 Total Sales

    Christine Tobelmann
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Map

Source: Bright MLS

MLS Number: MDWO115612

Bright MLS
Maryland Worcester County Ocean City 21842

5602 Coastal Hwy Unit 4 PH 1, Ocean City, MD

Not Listed for Sale

Townhouses

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