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$287,000

Beds
1
Baths
1.0
sq ft
615

109 Caroline St Unit 106, Ocean City, MD 21842

109 Caroline St Unit 106

OCEAN CITY, MD 21842

  • 38 days on market
    • Price drop $8,000↓
Don't miss out on this exceptional property in one of Ocean City’s most sought-after locations! This delightful 1-bedroom condo, nestled just a block from the ocean, offers the perfect blend of comfort and convenience in the heart of downtown Ocean City. Positioned ideally right off the Route 50 bridge, you'll find yourself moments away from the vibrant boardwalk, with all its attractions and dining options at your doorstep. Step inside to discover a freshly updated interior featuring new paint and flooring throughout, creating a bright and inviting atmosphere. The kitchen is enhanced with a stylish new backsplash, fully equipped for your culinary adventures. The flexible layout includes a generous space that can easily be adapted for additional sleeping areas, perfect for guests. Safety and privacy are paramount here, with access to a fenced-in private parking lot exclusively for residents. Whether you're looking for a cozy year-round residence, a seasonal getaway, or a smart investment opportunity, this condo ticks all the boxes. ''Seize the chance to claim your slice of beach bliss—where the toughest decision you’ll face is whether to flip-flops or barefoot to the beach!"

Details

Property type

Condominium

Est. home value

$245,131

Lot size

Unknown

Price per sq ft

$467

Year built

1989

Annual property taxes

$1,672

HOA

No

Price History

06/14/2024

Bright #MDWO2021074

Price change
$287,000
-2.71%
05/22/2024

Bright #MDWO2021074

Listed
$295,000
+55.26%
06/08/2021

Bright #MDWO121118

Sold
$190,000

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$106,977
Asking price
$287,000
Closing costs (~8% of asking)
-$22,960
Est. remaining loan balance
-$157,063
Cash to seller
$106,977

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

Seller’s Loan History

Lender

Homespire Mortgage Corp

Loan start date

September 2020

Original loan amount

$171,000

Est. remaining balance

$157,063

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Victor M Henriquez Rodriguez and Edith Henriquez Navarrete

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: 06/29/2024 at 7:05 AM

Listing updated: 06/13/2024 at 9:43 PM

Listed by: Anne Marie Mercier-Bouse, RE/MAX Advantage Realty Phone #: (410) 723-3600

MLS: Bright #MDWO2021074

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