tomo logo

$479,000

Beds
3
Baths
2.0
sq ft
895

205 5th St Unit 45, Ocean City, MD 21842

205 5th St Unit 45

OCEAN CITY, MD 21842

  • 2 days on market
A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and newly renovated park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides internet. Electrical Panels were upgraded in 2021. Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new Appliances (2023), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs. Additional storage for the building under the deck stairwell and along the side of the unit. In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$536

Year built

1940

Annual property taxes

$202.08

HOA

No

Price History

11/08/2024
Bright

Bright #MDWO2026644

Listed
$479,000
-4.58%
09/26/2023
Bright

Bright #MDWO2013844

Sold
$502,000
+128.18%
02/08/2021
Bright

Bright #MDWO115836

Sold
$220,000
+18.92%

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

OCEAN CITY

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

Community features: 

Pool

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Status: Active

Tomo last checked: 11/08/2024 at 1:45 PM

Listing updated: 11/08/2024 at 11:19 AM

Listed by: Lucas Aaron Milburn, Long & Foster Real Estate, Inc. Phone #: (410) 879-8080

MLS: Bright #MDWO2026644

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