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$699,900

Beds
5
Baths
3.0
sq ft
1,992

12512 Fleetway Dr, Ocean City, MD 21842

12512 Fleetway Dr

OCEAN CITY, MD 21842

  • 13 days on market
This unique find in the highly desirable West Ocean City area, this property offers two houses on one lot, making it a versatile opportunity for homeowners and investors alike! The main house features 3 bedrooms and 2 bathrooms, perfect for comfortable living. The backyard hosts a second home, a charming 2-bedroom, 1-bathroom unit, ideal for extended family, guests, or potential rental income. The property boasts a spacious fenced-in yard, perfect for outdoor activities, gardening, or pets, the yard backs up to the nature park ensuring no development behind you, also includes a convenient shed for additional storage. Located just minutes from Ocean City's attractions, this property combines privacy and proximity to the action. With no HOA, whether you're looking for a multi-generational living setup or an income-generating opportunity, this property is a rare find!

Details

Property type

Single Family Residence

Est. home value

$542,720

Lot size

0.49 acres

Price per sq ft

$352

Year built

1973

Annual property taxes

$3,807

HOA

No

Price History

12/09/2024
Bright

Bright #MDWO2027252

Listed
$699,900
+47.35%
06/11/2021
Bright

Bright #MDWO122364

Sold
$475,000
+48.44%
08/25/2017
Bright

Bright #1000516170

Sold
$320,000

Schools & Community

Neighborhood: 

West 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

$206,866
Asking price
$699,900
Closing costs (~8% of asking)
-$55,992
Est. remaining loan balance
-$437,042
Cash to seller
$206,866

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

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

August 2022

Original loan amount

$451,250

Est. remaining balance

$437,042

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Brendan Wagner and Cynthia Hall

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: 12/22/2024 at 4:20 PM

Listing updated: 12/10/2024 at 1:02 PM

Listed by: Kevin E Decker, Coastal Life Realty Group LLC Phone #: (443) 552-7579

MLS: Bright #MDWO2027252

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