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$350,000

Beds
1
Baths
1.0
sq ft
624

106 83rd St Unit 40702, Ocean City, MD 21842

106 83rd St Unit 40702

OCEAN CITY, MD 21842

  • 11 days on market
This beautifully remodeled 1-bedroom, 1-bath condo offers stunning bayfront views and modern updates throughout. The unit features brand new flooring, countertops, appliances, and fresh paint. Currently in a rental program grossing $19,000 in rental income last year, making it an excellent turnkey investment. Additional amenities include four parking passes, access to a refreshing pool, and an owner's room with a small workout area featuring a treadmill, weight equipment, and a few bikes (for owners only). This is a very healthy building with lower condo fees for the area, good looking reserves and maintenance daily that checks on the property and cleans common areas. This is a fantastic opportunity for those seeking a well-maintained, low-maintenance home with desirable amenities and gorgeous sunset views.

Details

Property type

Condominium

Est. home value

$267,341

Lot size

Unknown

Price per sq ft

$561

Year built

2000

Annual property taxes

$2,460

HOA

No

Price History

02/14/2025
Bright

Bright #MDWO2028650

Listed
$350,000
+40%
06/30/2023
Bright

Bright #MDWO2014062

Sold
$250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Seller’s Loan History

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

Lender

Hk Equity Group Llc

Loan start date

June 2023

Original loan amount

$275,000

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Purchase Money Mortgage, 1 year

Seller

Hk Oc Llc

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: 02/23/2025 at 11:30 PM

Listing updated: 02/18/2025 at 1:50 PM

Listed by: Tamar S Nazarian, Coastal Life Realty Group LLC Phone #: (443) 552-7579

MLS: Bright #MDWO2028650

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