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$299,900

Beds
1
Baths
2.0
sq ft
675

12405 Assawoman Dr Unit S5, Ocean City, MD 21842

12405 Assawoman Dr Unit S5

OCEAN CITY, MD 21842

  • 3 days on market
Fantastic ocean views from this adorable 1 bedroom with 2 full baths condominium. This lovely unit features luxury plank flooring through out. Large living area with an electric fireplace. Big southern exposure windows bring in lots of natural light and keep the unit toasty warm in the winter. Updated kitchen with Corian counter tops, bathrooms have new tile flooring and vanities. The spacious bedroom has 2 queen size beds, custom beadboard wainscoting walls add coastal flair, ceiling fan, and an attached full bath. with tub and shower There is a full bath in the hall with shower. This beautiful unit is sold fully furnished turn key. Small six unit self managed building with parking under the building. Large balcony with great water views. This property is a non rental and has been lovingly maintained by owners but would make an excellent rental. Very close to the beach with easy access via paved walkway to the dune crossing. Great location walking distance to many restaurants, shopping, and Northside Park. Call for a showing today and start living your beach dream

Details

Property type

Condominium

Est. home value

$322,357

Lot size

Unknown

Price per sq ft

$445

Year built

1983

Annual property taxes

$2,336

HOA

No

Price History

01/03/2025
Bright

Bright #MDWO2027634

Listed
$299,900
+35.09%
03/05/2021
Bright

Bright #MDWO119562

Sold
$222,000
+24.02%
08/30/2019
Bright

Bright #MDWO107766

Sold
$179,000

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

OCEAN CITY

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

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

$113,275
Asking price
$299,900
Closing costs (~8% of asking)
-$23,992
Est. remaining loan balance
-$162,633
Cash to seller
$113,275

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2021

Original loan amount

$177,600

Est. remaining balance

$162,633

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

Jeffery Wilson Brown and Michelle Angela Brown

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: 01/04/2025 at 11:30 PM

Listing updated: 01/03/2025 at 9:45 PM

Listed by: Therese Miller, Coldwell Banker Realty Phone #: (443) 856-2211

MLS: Bright #MDWO2027634

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