205 5TH ST #45, Ocean City, MD 21842 - MLS#MDWO2026644

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$479,000

Est. payment - /mo

3 Beds

2 Baths

895 SqFt

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UPDATED:

11/08/2024 03:15 PM

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 895 sqft

Price per Sqft $535

Subdivision Hitchens & Trimper

MLS Listing ID MDWO2026644

Style Coastal

Bedrooms 3

Full Baths 2

Condo Fees $1,368/qua

HOA Y/N N

Abv Grd Liv Area 895

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $202

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property Description

A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and 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 newly renovated 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 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 Appliances (2023), 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.

In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.

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

Inclusions All Furniture and furnishings

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)

Parking Type Off Street

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

Elementary Schools Ocean City

Middle Schools Stephen Decatur

High Schools Stephen Decatur

School District Worcester County Public Schools

Others

Pets Allowed Y

HOA Fee Include Common Area Maintenance,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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Listed by Lucas Aaron Milburn • Long & Foster Real Estate, Inc.

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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