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$549,000   Price Analysis
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109 Somerset B 2 St Unit 5
Ocean 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

Very large townhouse with 2 bedroom 2.5 baths in desirable downtown location.

* No Longer For Sale *
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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.
Listing Agent Photo

Property MLS #MDWO2020890 from BrightMLS

Bedrooms: 3

Total Bathrooms: 3
Full Bathrooms: 2
1/2 Bathrooms: 1

Ceiling Fan(s)

Built-In Microwave
Dishwasher
Disposal
Dryer - Electric
Exhaust Fan
Icemaker
Oven/Range - Electric
Refrigerator
Stove
Washer

Cooling Features: Central A/C
Heating Features: Forced Air, Heat Pump(s)
Heating: Yes

Garage Features: Covered Parking
Parking Features: Paved Parking, Private, Under Home Parking, Parking Garage Spaces: 2, Parking Garage
Parking Total: 2

Association: No
Association Fee: 333
Association Fee Frequency: Quarterly
Calculated Total Monthly Association Fees: 333

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Ocean City Elementary School is a public elementary school located approximately 1.6 miles away.
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Stephen Decatur Middle School is a public middle school located approximately 5.5 miles away.
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Stephen Decatur High School is a public high school located approximately 5.6 miles away.
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Seaside Christian Academy is a private elementary and middle school located approximately 0.8 miles away.
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Municipality: Ocean City
Annual Tax Amount: 3239.0
Source Listing Status: Closed
County: WORCESTER
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: WORCESTER
Property Subtype: condo
Source System Name: C2C

YearAssessments
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

Sold 2024-07-01
$545,000
BrightMLS
Listed 2024-05-11
$549,000
BrightMLS
Sold 2017-05-24
$165,000
Coastal
Listing removed 2015-12-16
$340,000
Coastal
Listed 2015-12-13
$340,000
Coastal
Sold 2014-09-30
$165,000
Public Record
Relisted 2014-05-29
$249,000
Coastal
Listing removed 2014-05-04
$249,000
Coastal
Listed 2014-04-08
$249,000
Coastal
Sold 2007-02-28
$335,000
Public Record
Sold 2004-06-09
$1,100,000
Public Record
Sold 2004-06-03
$787,247
Public Record
Sold 1998-07-23
$130,000
Public Record

Total Square Feet Living: 1360
Year Built: 2002
Above Grade Finished Area: 1360
Building Name: Nowalk To The Boardwalk
Construction Materials: Frame, Masonry, Vinyl Siding
Property Age: 22
Levels or Stories: 2
Structure Type: Interior Row/Townhouse
House Style: Traditional
Total Area Sqft: 1360

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.