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$671,648Estimated home value

Beds
2
Baths
2.0
sq ft
1,291

2 Dorchester St Unit 408, Ocean City, MD 21842

2 Dorchester St Unit 408

OCEAN CITY, MD 21842

  • Sold On 3/11/2022
What a fantastic investment opportunity here at the Belmont Towers in Downtown Ocean City. Direct oceanfront building, right on the World Famous Ocean City Boardwalk! This 2 bed/2 bath condo is turn key has a strong rental history and is located in arguably the best rental building in town. Once you park your car in one of your two assigned spots in the covered parking garage, you may not even need it the rest of your stay! There is a pool, a putting green and a fitness center as well all at your disposal. Walking and biking distance to great restaurants and entertainment, the OC Fishing pier and Inlet! Just a short distance to the Outlets, Assateague or downtown Berlin if you feel like shopping or exploring! Elevators for convenience. Storage for each unit on the 3rd floor of the parking garage. Come see today!

Details

Property type

Condominium

Est. home value

$671,648

Lot size

Unknown

Price per sq ft

$426

Year built

2007

Annual property taxes

$6,895

HOA

No

Price History

01/30/2025
Bright

Bright #MDWO2022404

Removed
$615,000
07/30/2024
Bright

Bright #MDWO2022404

Listed
$615,000
-8.89%
03/11/2024
BrightMLS

BrightMLS #MDWO2015698

Removed
$675,000

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

Applied Bank

Loan start date

October 2013

Original loan amount

$6,000,000

Est. remaining balance

Not provided

Interest rate

4.57%

Loan type

Stand Alone Second

Seller

Belmont Towers Stores Of Oc Llc and Dorchester Street Llc

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: 01/30/2025 at 12:30 PM

Listing updated: 01/12/2024 at 9:20 AM

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

MLS: Bright #MDWO117792

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