$502,000
$495,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
205 5TH ST #45 Ocean City, MD 21842
3 Beds
2 Baths
895 SqFt
Key Details
Sold Price $502,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 895 sqft
Price per Sqft $560
Subdivision Hitchens & Trimper
MLS Listing ID MDWO2013844
Sold Date 09/26/23
Style Coastal
Bedrooms 3
Full Baths 2
Condo Fees $1,357/qua
HOA Y/N N
Abv Grd Liv Area 895
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $2,333
Tax Year 2023
Lot Dimensions 0.00 x 0.00
Property Description
A Beach House Investment that pays for itself... $61,116 of rental income in 2022, use that to pay the mortgage and put money in your pocket or vacation for free for a few weeks and let your investment pay for itself the rest of the year. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the spacious deck or hang inside where the mini split installed in 2021 will keep the inside nice an cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides cable and internet. Electrical Panels were upgraded in 2021.
Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new dishwasher (2021), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs.
Additional storage for the building under the deck stairwell and along the side of the unit.
The unit below is for sale by the same owner, you can buy both and own the entire building!
Location
State MD
County Worcester
Area Bayside Interior (83)
Zoning RESIDENTIAL
Direction North
Rooms
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Ductless/Mini-Split
Flooring Luxury Vinyl Plank
Equipment Microwave, Oven/Range - Electric, Refrigerator, Dishwasher
Furnishings Yes
Fireplace N
Appliance Microwave, Oven/Range - Electric, Refrigerator, Dishwasher
Heat Source Electric
Laundry Shared
Exterior
Exterior Feature Deck(s)
Garage Spaces 1.0
Utilities Available Cable TV Available, Electric Available, Phone Available
Amenities Available Pool - Outdoor
Waterfront N
Water Access N
Roof Type Shingle
Accessibility 2+ Access Exits
Porch Deck(s)
Total Parking Spaces 1
Garage N
Building
Story 2
Unit Features Garden 1 - 4 Floors
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Worcester County Public Schools
Others
Pets Allowed Y
HOA Fee Include Cable TV,Common Area Maintenance,High Speed Internet,Laundry,Insurance,Lawn Care Front,Lawn Care Rear,Lawn Care Side,Lawn Maintenance,Pool(s),Reserve Funds,Trash
Senior Community No
Tax ID 10-749603
Ownership Condominium
Acceptable Financing Conventional, Cash
Horse Property N
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Pets Description Cats OK, Dogs OK
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Bought with William B Alvey Jr. • Atlantic Sands Realty