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$1,025,000

Beds
3
Baths
3.0
sq ft
2,031

115 73rd St Unit 402, Ocean City, MD 21842

115 73rd St Unit 402

OCEAN CITY, MD 21842

  • 13 days on market
DIRECT BAYFRONT GEM – Stunning 3BR/3BA Condo in Ocean City! Welcome to your dream home! This gorgeous bayfront condo offers over 2,000 square feet of luxurious living space and is being sold fully furnished. With its breathtaking views and impeccable design, this home looks like it belongs in a magazine. The open floor plan is perfect for entertaining, featuring a beautifully upgraded kitchen with granite countertops, abundant cabinetry, and a layout any chef will adore. The kitchen flows seamlessly into a charming dining area and a spacious family room overlooking the bay, offering spectacular sunset views night after night. Step outside to your private deck, accessible from both the family room and the primary bedroom, and soak in the tranquility of the bay. The primary suite is a true retreat, offering stunning water views and separation from the two additional spacious bedrooms located at the front of the unit for added privacy. This home also boasts a full-size laundry room with a washer and dryer, a gas fireplace for cozy evenings, and unique upgrades. Located in the highly sought-after Terrapin Bay Condo on 73rd Street, this boutique condo building has only 12 units, ensuring peace and privacy. Exclusive amenities include a built-in Viking grill on the balcony, one of the few in the area. A well-maintained swimming pool for hot summer days. A storage locker for your beach toys. Underground parking and additional guest parking. The condo association has even purchased the adjacent lot, creating green space and adding to the serene setting. This is an Owner Occupied Building Only. Don't miss your chance to own this move-in-ready masterpiece—schedule your showing today!

Details

Property type

Condominium

Est. home value

$909,420

Lot size

Unknown

Price per sq ft

$505

Year built

2005

Annual property taxes

$9,143

HOA

No

Price History

02/13/2025
Bright

Bright #MDWO2028156

Listed
$1,025,000
+6.6%
07/31/2023
Bright

Bright #MDWO2014662

Sold
$961,500
+24.87%
03/28/2022
Bright

Bright #MDWO2005794

Sold
$770,000
+27.69%

Schools & Community

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

$281,019
Asking price
$1,025,000
Closing costs (~8% of asking)
-$82,000
Est. remaining loan balance
-$661,981
Cash to seller
$281,019

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

Seller’s Loan History

Lender

First Home Mortgage Corp

Loan start date

July 2023

Original loan amount

$673,050

Est. remaining balance

$661,981

Interest rate

6.69%

Loan type

New Conventional, 30 year

Seller

Jeffery K Gray

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 11:00 PM

Listing updated: 02/13/2025 at 12:09 AM

Listed by: Kyle F McCarthy, RE/MAX Leading Edge Phone #: (410) 721-9600

MLS: Bright #MDWO2028156

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