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$1,199,999

Beds
3
Baths
3.0
sq ft
1,693

2 Dorchester St Unit 703, Ocean City, MD 21842

2 Dorchester St Unit 703

OCEAN CITY, MD 21842

  • 15 days on market
If you've been looking for the perfect blend between Ocean Front Luxury and Cash Cow Rental, this is the one! Welcome to Belmont Towers #703! This beautiful 3 Bedroom, 3 Bath unit received a complete Renovation in 2023, featuring en-suite Bathrooms for all 3 bedrooms, spectacular panoramic Ocean Views from the Primary Bedroom and Living Room, and a spacious Kitchen and wet bar. If you to be Host of the Year, offer your friends a Front Row- like experience to Ocean City's best Events like Ocean's Calling and Country Calling from the comfort of your front porch! Or if you'd like to capitalize on prime Rental Income, this unit did an astounding $100,000 in 2023 in Gross Rental Income! With all of the ideal Amenities like Pool, Sauna, Fitness Center, Parking Garage, this prime location building offers it all! Schedule your Showing today!

Details

Property type

Condominium

Est. home value

$1,039,175

Lot size

Unknown

Price per sq ft

$709

Year built

2007

Annual property taxes

$11,192

HOA

No

Price History

12/07/2024
Bright

Bright #MDWO2027286

Listed
$1,199,999
+20.6%
04/22/2022
Bright

Bright #MDWO2004990

Sold
$995,000

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

STEPHEN DECATUR

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

Bank Of Ocean City

Loan start date

April 2022

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

3.76%

Loan type

Purchase Money Mortgage, 25 year

Seller

Allen Holbrook 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: Active

Tomo last checked: 12/22/2024 at 4:30 PM

Listing updated: 12/15/2024 at 9:54 AM

Listed by: Lauren Britt Hudson, Keller Williams Realty Delmarva Phone #: (410) 524-6400

MLS: Bright #MDWO2027286

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