Estimated payment $898/month
Unit #38 @ The "Sifting Sands" Condo/Motel. 100% renovated 2024, all new interior. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Flooring and Furniture. Sale inc. all-pots, pans, kitchen supplies. Maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo/motel ownership in '04. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April15-Oct 30) guarantees "hands off & hassle free" income. 2nd floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (14 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w/minimal annual fee), bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($600/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests. Note: Financing on this condo-tel property is unavailable as it does not qualify @236 sq.ft. to meet the minimum 300 square feet lending requirement. Cash or an alternate lending source such as a HELOC loan will be required to purchase .2023 Gross Income was $12,143. 2024 Gross Income was $16,639.35 (both years show summer income only, excludes winter rentals).
| 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 | $854 | $76,100 | $42,400 | $33,700 |
| 2023 | $815 | $76,100 | $42,400 | $33,700 |
| 2022 | $783 | $76,100 | $42,400 | $33,700 |
| 2021 | $765 | $76,100 | $42,400 | $33,700 |
| 2020 | $744 | $76,100 | $42,400 | $33,700 |
| 2019 | $736 | $76,100 | $42,400 | $33,700 |
| 2018 | $729 | $76,100 | $42,400 | $33,700 |
| 2017 | $718 | $76,100 | $42,400 | $33,700 |
| 2016 | $690 | $76,100 | $42,400 | $33,700 |
| 2015 | $681 | $76,100 | $42,400 | $33,700 |
| 2014 | $671 | $76,100 | $42,400 | $33,700 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | For Sale | $149,900 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $110,000 | Gross Danielle | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $127,900 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $102,300 | Purchase Money Mortgage |
$143,000
The BEST BUY in Sifting Sands #35, a gem perfectly situated between the heart of Downtown Ocean City and the main Boardwalk attractions—just steps from the beach, amusements, shopping, and dining. This affordable, best-valued condo is part of a professionally managed building and offers an excellent hands-off investment through the on-site rental program (April 15 – October), providing
Caroline Watts BHHS FOX and ROACH-109 34th OC
$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
$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
Source: South Jersey Shore Regional MLS
MLS Number: 595729
APN: 08-00804-0000-00017-0000-C38
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