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$648,750

Beds
3
Baths
2.0
sq ft
1,300

102 25th St Unit 302, Ocean City, MD 21842

102 25th St Unit 302

OCEAN CITY, MD 21842

  • 25 days on market
Don’t miss out on this opportunity to own a beautiful ocean block 3-bedroom condo just a short block from the ocean and the world famous Ocean City boardwalk! With 2 baths and 1,300 square feet of space, you'll be treated to ocean and bay views from your large south facing balcony that runs the length of the condo! The open floor plan makes it easy to flow from the kitchen to the cozy living room and out to the balcony. The living room is warm and inviting, featuring a fireplace while showcasing the ocean views. In the kitchen, you’ll find solid surface countertops, a breakfast bar, recessed lighting and a window over the sink that lets you enjoy the water views. The main living area has plenty of windows that allows for an abundance of natural light and also allows for water views from the dining area. Retreat to the comfy primary bedroom, which includes a walk-in closet and its own en suite bathroom with dual vanities. Plus, you’ll have access to a community outdoor pool, 2 covered assigned parking spaces, an outdoor shower, and a storage locker. The convenient location of Mahalo at 25th St allows for easy access to the Beach, Boardwalk, Jolly Rogers Amusement & Water Park, miniature golf, water sports, many restaurants, shopping and entertainment. This condo is not only great as a second home but also has good rental potential. 2024 was the first year the owners rented and for 2025 there are already weeks booked with the expectation to generate more rental income than 2024. This is a perfect place to relax and enjoy life by the beach—come check it out!

Details

Property type

Condominium

Est. home value

$600,298

Lot size

Unknown

Price per sq ft

$500

Year built

2005

Annual property taxes

$4,882

HOA

No

Price History

03/07/2025
Bright

Bright #MDWO2029202

Listed
$648,750
-0.18%
03/03/2025
Bright

Bright #MDWO2022896

Removed
$649,899
02/07/2025
Bright

Bright #MDWO2022896

Price change
$649,899

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$135,509
Asking price
$648,750
Closing costs (~8% of asking)
-$51,900
Est. remaining loan balance
-$461,341
Cash to seller
$135,509

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Shore United Bank Na

Loan start date

September 2023

Original loan amount

$468,750

Est. remaining balance

$461,341

Interest rate

6.9%

Loan type

New Conventional, 30 year

Seller

Mark William Heyler and Andrea Marie Heyler

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 12:15 PM

Listing updated: 03/15/2025 at 5:44 PM

Listed by: Dave Whittington, Coastal Life Realty Group LLC Phone #: (443) 552-7579

MLS: Bright #MDWO2029202

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