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$279,500

Beds
2
Baths
2.0
sq ft
840

14401 Tunnel Ave Unit 374, Ocean City, MD 21842

14401 Tunnel Ave Unit 374

OCEAN CITY, MD 21842

  • <1 day on market
    • Open house Jan 25
This beautifully refreshed Lost Colony 2-bedroom condo is ready to become your perfect beach retreat or a smart rental investment. Freshly painted throughout and sold fully furnished, it offers comfort and convenience in a sought-after coastal location. The open-concept design seamlessly connects the living room, kitchen, and dining area, creating a bright and inviting space for relaxation and entertaining. The kitchen boasts light cabinetry, sleek granite countertops, and a stylish tile backsplash. The primary suite features sliding glass doors that lead to your own private balcony, perfect for enjoying fresh breezes and serene views. Its en suite bath includes a brand-new vanity and a stall shower, while the second full bath offers a tub-shower combo. A comfortable second bedroom adds flexibility and space for family or guests. Just a 3-minute walk to the historic Fenwick Lighthouse, this condo is ideally situated just minutes from Delaware’s pristine beaches, state parks, shopping, dining, and entertainment, placing you at the heart of coastal living. Lost Colony’s amenities include a sparkling in-ground pool for summer enjoyment. Don’t miss this exceptional opportunity—schedule your showing today and start making your beach dreams a reality!

Details

Property type

Condominium

Est. home value

$282,583

Lot size

Unknown

Price per sq ft

$333

Year built

1995

Annual property taxes

$2,696

HOA

No

Price History

01/23/2025
Bright

Bright #MDWO2028126

Listed
$279,500
+47.11%
01/31/2021
Bright

Bright #MDWO119026

Sold
$190,000

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

OCEAN CITY

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

Community features: 

Pool

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

$127,440
Asking price
$279,500
Closing costs (~8% of asking)
-$22,360
Est. remaining loan balance
-$129,700
Cash to seller
$127,440

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

February 2021

Original loan amount

$142,500

Est. remaining balance

$129,700

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Jeffrey Pleis and Sindy Pleis

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: 01/23/2025 at 5:15 PM

Listing updated: 01/23/2025 at 1:29 PM

Listed by: Tom Ruch, Northrop Realty Phone #: (302) 539-0800

MLS: Bright #MDWO2028126

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