This unit #509 has been renovated with all new bathroom and granite kitchen counters. This spacious & pristine condition condo comes fully furnished and equipped has a great rental history. Flanders offers care free ownership. The FLANDERS Condominium Hotel is perhaps the best known, best run "condotel" in all of Ocean City. This beautiful boardwalk fronted building is steeped in tradition. It has been a part of the Ocean City skyline for almost 100 years. She offers all the conveniences of Hotel Living daily check ins via the front desk, daily maid & linens service,concierge service, pool, fitness Room, onsite restaurant, banquet center, spa and gift shop. Flanders offer excellent rental income without the headaches of a typical rental property.
$169,900
#24 Sifting Sands is 1st floor unit, in excellent condition, sleeping 4 people. In 2024 it grossed $14,790 in summer rentals add another $4,550 for the winter rental totaling $19,340.00. This unit has several upgrades that are reflected in the pictures. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. SIFTING SANDS IS NOW
Jessee Briglia Fox Real Estate-Ocean
$199,900
Unit #47 @ The "Sifting Sands" Condo/Motel. This is a 2nd floor corner unit, it sleeps 6 people, and is one of the largest and highest grossing floorplans in the building. (2024 Gross = $23,138.89). Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! The complex was
Jessee Briglia Fox Real Estate-Ocean
$179,900
RENTAL POWERHOUSE! 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). 2024 Income was $24,513.17 ($19,963.17 summer, $4,550 winter). After all expenses, this unit generates over $9,000, bringing in a solid 5% return on invested dollars with a cash purchase, before factoring in tax write-offs and increased value due to inflation & market conditions. Unit #14 @ The "Sifting Sands"
Jessee Briglia Fox Real Estate-Ocean
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $319,900 | Surety Title | |
| Deed | $212,500 | -- | |
| Deed | $104,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Purchase Money Mortgage | |
| Previous Owner | $46,000 | Credit Line Revolving | |
| Previous Owner | $120,000 | Unknown | |
| Previous Owner | $111,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $94,000 | No Value Available |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/01/2022 06/01/22 | Sold | $319,900 | 0.0% | -- |
| 05/12/2022 05/12/22 | Pending | -- | -- | -- |
| 04/27/2022 04/27/22 | Price Changed | $319,900 | -3.0% | -- |
| 04/15/2022 04/15/22 | For Sale | $329,900 | +53.4% | -- |
| 04/30/2021 04/30/21 | Sold | $215,000 | -2.2% | -- |
| 03/29/2021 03/29/21 | Pending | -- | -- | -- |
| 10/31/2020 10/31/20 | For Sale | $219,900 | +3.5% | -- |
| 06/04/2018 06/04/18 | Sold | $212,500 | -5.5% | -- |
| 04/12/2018 04/12/18 | Pending | -- | -- | -- |
| 01/05/2018 01/05/18 | For Sale | $224,900 | -- | -- |
| 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 | $2,270 | $202,300 | $91,000 | $111,300 |
| 2024 | $2,270 | $202,300 | $91,000 | $111,300 |
| 2023 | $2,167 | $202,300 | $91,000 | $111,300 |
| 2022 | $1,899 | $184,500 | $91,000 | $93,500 |
| 2021 | $1,854 | $184,500 | $91,000 | $93,500 |
| 2020 | $1,804 | $184,500 | $91,000 | $93,500 |
| 2019 | $1,784 | $184,500 | $91,000 | $93,500 |
| 2018 | $1,768 | $184,500 | $91,000 | $93,500 |
| 2017 | $1,740 | $184,500 | $91,000 | $93,500 |
| 2016 | $1,673 | $184,500 | $91,000 | $93,500 |
| 2015 | $1,651 | $184,500 | $91,000 | $93,500 |
| 2014 | $1,627 | $184,500 | $91,000 | $93,500 |
Seller's Agent in 2022
Adam D'Annunzio
Keller Williams Realty Jersey Shore-Ocean City
(609) 225-4975
59 in this area
140 Total Sales
Buyer's Agent in 2022
Robert Gullo
Fox Real Estate-Ocean
(856) 305-2091
184 in this area
194 Total Sales
G
Buyer's Agent in 2018
George Cash
BERGER REALTY-Main
(609) 231-3586
19 in this area
22 Total Sales
Source: South Jersey Shore Regional MLS
MLS Number: 544122
APN: 08-01001-0000-00010-0000-C509
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