$549,000 Price Analysis 109 Somerset B 2 St Unit 5Ocean City, MD 21842 3 bed 3 bath 1,360 SqFt ($403/SqFt) Built 2002 Listed 2024-05-11, HOA $333, Taxes $3,229 | Ⓧ USDA Ineligible due to location near Ocean City |
Walk to beach, boardwalk, amusements, inlet, bayside water sports, festivals, restaurants, pubs, shops and more. Just 2 blocks to boardwalk and 1 block to bay, you will not need to move your car once you arrive. There is under unit 2 car assigned parking, outside shower and outside storage unit.
This is a small 6 unit condominium which is self managed. Unit has newly installed Smartcore vinyl plank engineered wood flooring on the 1st floor. All furnishings convey. This could be a turnkey rental property with strong rental history. 2022 $41, 191 gross income, 2023 $35, 357 gross income and YTD bookings 2024 $27, 417. 2024 rentals must be honored. Roof is approximately 4 years old nd building exterior is well maintained.
Presented by Joyce Melbourne Husman at
Berkshire Hathaway Homeservices Penfed Realty - Op.
Property MLS #MDWO2020890 from BrightMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $114,900 + $114,900 $229,800 | $3,229 |
2021 | $114,900 + $114,900 $229,800 | $3,247 |
2020 | $114,900 + $114,900 $229,800 | $3,246 |
2019 | $114,900 + $114,900 $229,800 | $3,269 |
2018 | $114,900 + $114,900 $229,800 | $3,246 |
2017 | $114,900 + $114,900 $229,800 | $3,246 |
2016 | $unknown + $unknown $223,000 | $3,165 |
2015 | $unknown + $unknown $216,200 | $3,080 |
2014 | $104,700 + $104,700 $209,400 | $2,831 |
2013 | $unknown + $unknown $209,400 | $2,835 |
2012 | $unknown + $unknown $209,400 | $2,807 |
2011 | $unknown + $unknown $278,800 | $3,345 |
2010 | $unknown + $unknown $278,800 | $3,345 |
2009 | $unknown + $unknown $278,800 | $2,244 |
2008 | $unknown + $unknown $357,680 | $4,263 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.