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$534,900

Beds
3
Baths
2.0
sq ft
1,320

13339 Colonial Rd, Ocean City, MD 21842

13339 Colonial Rd

OCEAN CITY, MD 21842

  • 89 days on market
    • Price drop $14,100↓
Welcome to this STICK BUILT RANCHER (not a mobile), so it can be easily financed and insured, in the highly sought after Montego Bay neighborhood in North Ocean City. This property is located in zone X, so no flood insurance is required. This stick built home with 2x6 framed construction and well insulated features a totally open floor plan, brand new luxury vinyl plank flooring throughout, brand new Blue Pearl granite kitchen countertops, new composite decking ramp to the side door, and a whole house sound system with blu-tooth connection. The smart thermostat and door lock can be controlled from your phone with wifi connection. The dining room provides plenty of seating for you and your guests. The primary suite has a new king size Sleep Number bed and primary bathroom with a Jacuzzi jet tub. Enjoy the sunrise on the covered concrete porch with sunlight beaming through the custom shutters into the main living area which includes 2 queen sleeper sofas and a twin pull out loveseat for extra sleeping. The second bedroom has a twin over full bunk and a twin pull out sleeper loveseat. The third bedroom has a queen adjustable bed. The main bathroom has a step in shower with seating and grab bars. The laundry room has a full size washer and dryer and still has plenty of room for storage and shelving. (Another full-sized refrigerator will fit in there as well!) *The home was never used as a vacation rental. It is set up to be though with locking cabinets and Primary Suite. This home is being sold fully furnished and turn key with all you need ....from the bicycles in the large attached shed, beach chairs for relaxing, 4 televisions, skee-ball and ping pong/air hockey table games and so on....even down to the kitchen utensils, outdoor gas grill, porch furniture, and the sheets/comforters that you will need! Just unpack your clothes and toothbrush! For one of the lowest HOA fees around, $396 a year, Montego Bay boasts 2 inground swimming pools and a kiddie pool, 2 tennis courts, pickleball, miniature golf, a boardwalk on the bay with 3 fishing piers, a wildlife sanctuary w/ a saltwater pond and walking/jogging path and quiet streets for long walks. The close proximity to Northside Park and Gorman Avenue Park puts you in the PERFECT location on a well maintained grassy corner which provides lots of extra parking for your guests. Corner lots are community property and cannot be built on. This property is only an 8 minute walk to the beach and even less of a walk to many local restaurants!

Details

Property type

Single Family Residence

Est. home value

$488,699

Lot size

3,600 sq ft

Price per sq ft

$406

Year built

2004

Annual property taxes

$4,795

Monthly HOA fee

$33

Price History

10/28/2024
Bright

Bright #MDWO2022758

Listed
$534,900
10/17/2024
Bright

Bright #MDWO2022758

Pending
$534,900
09/15/2024
Bright

Bright #MDWO2022758

Price change
$534,900
-2.57%

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Sidewalks, Street Lights

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

$145,059
Asking price
$534,900
Closing costs (~8% of asking)
-$42,792
Est. remaining loan balance
-$347,049
Cash to seller
$145,059

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

Seller’s Loan History

Lender

Nfm Inc

Loan start date

December 2021

Original loan amount

$369,000

Est. remaining balance

$347,049

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Michae W Nelson and Monica E Nelson

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: 11/14/2024 at 4:55 PM

Listing updated: 11/11/2024 at 9:24 AM

Listed by: Michael W Nelson, Berkshire Hathaway HomeServices Homesale Realty Phone #: (410) 697-8100

MLS: Bright #MDWO2022758

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