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$396,856Estimated home value

Beds
2
Baths
1.5
sq ft
800

12907 Assawoman Dr Unit 3S, Ocean City, MD 21842

12907 Assawoman Dr Unit 3S

OCEAN CITY, MD 21842

  • Sold On 9/10/2024
    • Price drop $20,000↓
Don't miss the opportunity to own this exceptional 2-bedroom ocean-block condo at 12907 Assawoman Dr Unit 3S, Ocean City, MD 21842. Boasting an open concept layout and 800 sq ft of living space, this unit features bright living areas with ocean views. Perfect for a vacation home or rental investment, this property has been successfully managed through Benchmark, bringing in over $29k in rental income in 2023. Sale of this condo is contingent upon the buyer honoring scheduled 2024 rentals, totaling over $20k in rental income. Located just steps from the beach in North Ocean City, MD, Valkyrie 3S provides convenient beach access. Enjoy the expansive balcony with views of the ocean and cityscape along Assawoman Drive, ideal for outdoor gatherings. The bedrooms are generously sized and designed with coastal themes, ensuring comfortable accommodations. The Master Bedroom includes a queen-sized bed and a half bathroom, bathing in natural sunlight from southern and western exposures, with views of fireworks over Northside Park just two blocks away. The second guest bedroom features two queen-sized beds and benefits from western exposure, filling the space with natural light. The kitchen showcases granite countertops and modern stainless steel appliances. The living room seamlessly connects to the kitchen and dining area, offering easy entertaining. At night, enjoy the serene ambiance illuminated by town lights streaming into the condo. Additional highlights include new luxury vinyl plank flooring, an updated HVAC system, a spacious laundry closet, and convenient outdoor storage for beach essentials. This property blends comfort with a prime location, making it an ideal choice for personal enjoyment and investment in Ocean City, MD.

Details

Property type

Condominium

Est. home value

$396,856

Lot size

Unknown

Price per sq ft

$500

Year built

1973

Annual property taxes

$2,808

HOA

No

Price History

09/10/2024
Bright

Bright #MDWO2021442

Sold
$401,900
+0.5%
08/19/2024
Bright

Bright #MDWO2021442

Pending
$399,900
08/12/2024
Bright

Bright #MDWO2021442

Price change
$399,900
-4.76%

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

Unknown

Middle school: 

Unknown

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

$208,343
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$159,565
Cash to seller
$208,343

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

Seller’s Loan History

Lender

First Home Mortgage Corp

Loan start date

January 2018

Original loan amount

$184,000

Est. remaining balance

$159,565

Interest rate

3.95%

Loan type

New Conventional, 30 year

Seller

Jui Chieh Liu and Vanesssa S Liu

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: Off Market

Tomo last checked: 09/27/2024 at 6:35 PM

Listing updated: 09/19/2024 at 10:08 PM

Listed by: Katherine Deckenback, Keller Williams Realty Delmarva Phone #: (410) 524-6400

MLS: Bright #MDWO2021442

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