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$290,000

Beds
1
Baths
1.0
sq ft
583

104 127th St Unit 22101, Ocean City, MD 21842

104 127th St Unit 22101

OCEAN CITY, MD 21842

  • 52 days on market
Welcome to Raffles Condominium! This unit is a perfect vacation getaway or an excellent rental opportunity—your choice, with no rental restrictions. Located in North Ocean City, this second-floor one-bedroom, one-bath condo offers both convenience and comfort. It's within walking distance to the beach, and just next to the Northside Park, and a variety of popular restaurants. The unit features a newly updated kitchen with quartz countertops, a designer backsplash, and stainless steel appliances. The luxurious bathroom includes an oversized shower with a sliding glass door, a rain showerhead, a handheld attachment, and a beautiful granite sink. Recent upgrades include an energy-efficient balcony door with low-E glass and argon gas, helping to reduce energy costs. A new water heater was installed two years ago. The balcony has a deck, perfect for enjoying summer weather. To top it off, the unit comes fully furnished with a new sofa, couch, and mattresses, ensuring a comfortable and hassle-free stay. This condo perfectly blends modern updates with beachside charm, making it an ideal vacation spot or investment property. Don’t miss this opportunity to own your slice of paradise in Ocean City, MD!

Details

Property type

Condominium

Est. home value

$233,408

Lot size

Unknown

Price per sq ft

$498

Year built

1985

Annual property taxes

$1,601

HOA

No

Price History

09/25/2024
Bright

Bright #MDWO2023556

Listed
$290,000
+50.65%
02/25/2022
Bright

Bright #MDWO2001204

Sold
$192,500

Schools & Community

Neighborhood: 

North Ocean City

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

$103,102
Asking price
$290,000
Closing costs (~8% of asking)
-$23,200
Est. remaining loan balance
-$163,698
Cash to seller
$103,102

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

February 2022

Original loan amount

$173,250

Est. remaining balance

$163,698

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Artur Khamukov and Veronika Tenitskaya

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: 11/15/2024 at 9:00 PM

Listing updated: 09/25/2024 at 4:21 PM

Listed by: Arthur A Williams, Keller Williams Realty Phone #: (302) 360-0300

MLS: Bright #MDWO2023556

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