tomo logo

$470,000

Beds
2
Baths
1.0
sq ft
640

12401 Wight St Unit 2, Ocean City, MD 21842

12401 Wight St Unit 2

OCEAN CITY, MD 21842

  • 14 days on market
Ideally located beachfront in Ocean City, enjoy coastal living at its finest in this beautifully updated 2bdr/2ba condo. Fully renovated, within the last two years, this home offers modern amenities and stylish finishes throughout. The gourmet kitchen boasts stainless steel appliances, Misterio Quartz countertops, custom tile backsplash, all new cabinetry and recessed lighting throughout the unit. Brand new flooring flows throughout the entire space, enhancing the open, airy feel of the home. The bright and spacious bedrooms feature newer furniture, providing comfort and relaxation after a day spent enjoying the beach. Convenience is key with an in-unit stackable washer/dryer, making laundry a breeze. The property also includes one designated parking space, ensuring you never have to worry about finding parking during busy beach days and a beach storage closet already stocked with beach chairs and umbrellas. Whether you're looking for a vacation getaway or a wonderful investment property, this condo offers the perfect blend of modern luxury and unbeatable location!

Details

Property type

Condominium

Est. home value

$421,076

Lot size

Unknown

Price per sq ft

$735

Year built

1971

Annual property taxes

$3,911

HOA

No

Price History

01/09/2025
Bright

Bright #MDWO2027760

Listed
$470,000
+17.5%
05/10/2022
BrightMLS

BrightMLS #MDWO2006028

Sold
$400,000

Schools & Community

Neighborhood: 

North Ocean City

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

$145,987
Asking price
$470,000
Closing costs (~8% of asking)
-$37,600
Est. remaining loan balance
-$286,413
Cash to seller
$145,987

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

Seller’s Loan History

Lender

Atlantic Coast Mortgage

Loan start date

May 2022

Original loan amount

$300,000

Est. remaining balance

$286,413

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Eric Michael Zimmerman and Joseph V Zimmerman

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: 01/23/2025 at 2:50 PM

Listing updated: 01/23/2025 at 7:39 AM

Listed by: Andrea S Paro, TTR Sotheby's International Realty Phone #: (202) 333-1212

MLS: Bright #MDWO2027760

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