tomo logo

$1,200,000

Beds
4
Baths
3.0
sq ft
2,292

12616 Rumgate Rd, Ocean City, MD 21842

12616 Rumgate Rd

OCEAN CITY, MD 21842

  • Coming soon
This is the Property you've been waiting to come to market! Stunning panoramic views of the Ocean City skyline and the beautiful Assawoman Bay make this home a must see. Unique bayfront views from this your two relaxing wrap around decks or sit inside and admire the picturesque scene from anywhere in the house. Built in 1992, this amazing property is located in the highly sought after community of Cape Isle of Wight. Featuring 4 bedrooms and 3 baths, it provides plenty of space to enjoy OC at its best. Conveniently located just minutes to OC's Boardwalk, and plenty of shopping. Bring the boat as well with this gem, 70 feet of canal frontage alows you to build the dock you've always wanted. This property is truly rare and one of a kind. Call today to check this one out.

Details

Property type

Single Family Residence

Est. home value

$825,206

Lot size

0.32 acres

Price per sq ft

$524

Year built

1992

Annual property taxes

$5,586

HOA

No

Price History

09/24/2021
Bright

Bright #MDWO122732

Sold
$695,000

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

$593,969
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$510,031
Cash to seller
$593,969

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

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

October 2021

Original loan amount

$548,250

Est. remaining balance

$510,031

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Spencer D Kent

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: Coming Soon

Tomo last checked: 01/05/2025 at 4:05 AM

Listing updated: 01/02/2025 at 2:04 PM

Listed by: PAUL CALLAHAN, Coastal Life Realty Group LLC Phone #: (443) 552-7579

MLS: Bright #MDWO2027652

Bright logo

Recently listed in OCEAN CITY

$799,000|3 bd|2.5 ba|Condo

Explore top cities in Maryland