111 SOMERSET ST #2 B 1, Ocean City, MD 21842

$530,000

Est. payment -/mo

$549,000

3.5%

Est.Price: ?

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3 Beds

2 Baths

1,198 SqFt

SOLD DATE : 10/22/2024

Key Details

Sold Price $530,000

Property Type Condo

Sub Type Condo/Co-op

Listing Status Sold

Purchase Type For Sale

Square Footage 1,198 sqft

Price per Sqft $442

Subdivision None Available

MLS Listing ID MDWO2020874

Sold Date 10/22/24

Style Traditional

Bedrooms 3

Full Baths 2

Condo Fees $1,000/qua

HOA Y/N N

Abv Grd Liv Area 1,198

Originating Board BRIGHT

Year Built 2000

Annual Tax Amount $3,158

Tax Year 2023

Lot Dimensions 0.00 x 0.00

Property Description

Great downtown location. 1 block to bay, 2 blocks to Ocean. Walk to boardwalk, amusements, inlet, beach, bay water sports, restaurants, pubs, shops, festivals and more. This large 3 bedroom 2 bath townhouse
was built in 2002 and has been upgraded throughout. The building has balconies, under building assigned parking for two autos, roof approximately 4 years old, and is meticulously maintained. This is a small self- managed condominium with only 6 total townhouses. This unit would be great for investors with strong rental income. 2022 gross income $36,707, 2023 gross income $35,380 and YTD bookings for 2024 $34,395. 2024 bookings must be honored. This would also make a great family property for personal use. Owners may have pets, tenants may not. Beautiful Smartcore vinyl wood plank flooring.

Location

State MD

County Worcester

Area Bayside Interior (83)

Zoning C-1

Rooms

Main Level Bedrooms 3

Interior

Hot Water Electric

Heating Forced Air, Heat Pump(s), Central

Cooling Central A/C, Heat Pump(s)

Equipment Built-In Microwave, Dishwasher, Disposal, Cooktop - Down Draft, Dryer - Electric, Freezer, Exhaust Fan, Icemaker, Microwave, Refrigerator, Stove, Washer, Water Heater

Furnishings Yes

Fireplace N

Appliance Built-In Microwave, Dishwasher, Disposal, Cooktop - Down Draft, Dryer - Electric, Freezer, Exhaust Fan, Icemaker, Microwave, Refrigerator, Stove, Washer, Water Heater

Heat Source Electric

Laundry Main Floor

Exterior

Garage Covered Parking

Garage Spaces 2.0

Parking On Site 2

Utilities Available Cable TV Available, Phone Available, Electric Available

Amenities Available Other

Waterfront N

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 2

Garage Y

Building

Story 2

Foundation Pilings

Sewer Public Sewer

Water Public

Architectural Style Traditional

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 N

HOA Fee Include All Ground Fee,Common Area Maintenance,Ext Bldg Maint,Insurance,Reserve Funds

Senior Community No

Tax ID 2410410053

Ownership Condominium

Acceptable Financing Conventional, Cash

Horse Property N

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Don Perrin

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Listed by Joyce A Melbourne Husman • Berkshire Hathaway HomeServices PenFed Realty - OP
Bought with Kevin J Hammersmith • Berkshire Hathaway HomeServices PenFed Realty

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655