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$425,000

Beds
2
Baths
2.0
sq ft
920

128 Captains Quarters Rd Unit 203, Ocean City, MD 21842

128 Captains Quarters Rd Unit 203

OCEAN CITY, MD 21842

  • 86 days on market
Welcome to this charming coastal waterfront condo that features 2 bedrooms, 2 bathroom unit, right below your back door you will have a deeded boat slip and lift, which you will find quick and easy accessibility to the bay. The open floor plan provides a beautifully updated kitchen with sleek modern appliances, a spacious living area bathed in natural sunlight, with a huge waterfront deck accessible from the living room and master bedroom, ideal for relaxing after a day at the beach. Great laundry area with custom cabinets, both bedrooms are generously sized, featuring closets with custom built-in shelving to keep your space organized. The first bathroom off of the kitchen offers a bathtub, and master suite includes an ensuite bathroom with walk in shower. You'll find easy access to coastal highway, this condo could be used as the perfect vacation getaway, investment rental, or a year-round residence. Don't miss out on this opportunity to own a gorgeous condo, in a highly desirable area. Just a few blocks to the beach, and many shopping centers and restaurants Ocean City has to offer.

Details

Property type

Condominium

Est. home value

$351,271

Lot size

Unknown

Price per sq ft

$462

Year built

1972

Annual property taxes

$3,008

HOA

No

Price History

08/14/2024
Bright

Bright #MDWO2022580

Listed
$425,000
+14.86%
01/04/2022
Bright

Bright #MDWO2002404

Sold
$370,000
+66.67%
09/29/2016
Bright

Bright #1000523454

Sold
$222,000

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

$80,051
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$310,949
Cash to seller
$80,051

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

Seller’s Loan History

Lender

Draper & Kramer Mortgage Corp

Loan start date

January 2022

Original loan amount

$330,750

Est. remaining balance

$310,949

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Nicholas Toms

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: 11/08/2024 at 5:15 PM

Listing updated: 11/06/2024 at 2:26 PM

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

MLS: Bright #MDWO2022580

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