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$288,500

Beds
1
Baths
1.5
sq ft
525

16 51st St Unit 108, Ocean City, MD 21842

16 51st St Unit 108

OCEAN CITY, MD 21842

  • 23 days on market
    • Price drop $1,500↓
What an opportunity to own this first floor 1 bedroom 1.5 bath ocean block condo in midtown Ocean City that has a south facing private covered balcony. This well kept condo was never rented by the current owners and updates in 2023 include Fresh paint, New bathroom vanities, New bathroom wall tile and wainscoting, Freshly painted kitchen cabinets, Refinished kitchen countertop, New kitchen backsplash and in 2024 New LVP flooring in the bedroom. Coral Reef has a great ocean block location at 51st St. and is only 1/2 block to the beach without having to cross any streets, allows for easy access in and out of OC at the Rt 90 Bridge at 62nd st, not far from the world famous Ocean City Boardwalk (located inlet to 27th St) and convenient to the Convention Center (40th St), Jolly Rogers Amusement & Water Park (29th St), many restaurants, shopping and entertainment. Time to start making your beach memories!

Details

Property type

Condominium

Est. home value

$254,327

Lot size

Unknown

Price per sq ft

$550

Year built

1980

Annual property taxes

$2,363

HOA

No

Price History

02/21/2025
Bright

Bright #MDWO2028326

Price change
$288,500
-0.52%
02/04/2025
Bright

Bright #MDWO2028326

Listed
$290,000
+38.1%
01/19/2023
Bright

Bright #MDWO2010768

Sold
$210,000
+11.41%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Nfm Inc

Loan start date

January 2023

Original loan amount

$147,000

Est. remaining balance

$143,446

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Jason David Jenkins and Deborah Michele Jenkins

Lender

Tower Fcu

Loan start date

January 2023

Original loan amount

$42,000

Est. remaining balance

Not provided

Interest rate

6.49%

Loan type

Credit Line (Revolving), 30 year

Seller

Jason David Jenkins and Deborah Michele Jenkins

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: 02/23/2025 at 10:55 PM

Listing updated: 02/21/2025 at 2:34 PM

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

MLS: Bright #MDWO2028326

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