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$411,900

Beds
3
Baths
2.0
sq ft
837

207 8th St Unit 102C, Ocean City, MD 21842

207 8th St Unit 102C

OCEAN CITY, MD 21842

  • 246 days on market
    • Price drop $10,000↓
Your downtown Oasis is here. So close to the White Sandy Beaches, the Famous Boardwalk, the Bay, Restaurants, Bars, Shops - well - Everything! Is this sweet 3 Bedroom, 2 Bath unit that sleeps 11 people. The building has a great Swimming pool to hide away at when the weather at the beach isn't right, and on site parking. This unit features Ceramic tile, New Stainless Steel Appliances, and in unit Washer and Dryer! It comes Fully Furnished and has been in a rental program for just 1 season, but had solid rentals out of the gate, with potential for much more in the following seasons. The unit is 1st Floor, poolside, with easy in and out, because you are not going to want to stop when you are this close to everything. But it is still quiet because the unit is on the backside of the building.

Details

Property type

Condominium

Est. home value

$352,504

Lot size

Unknown

Price per sq ft

$493

Year built

1964

Annual property taxes

$2,654

HOA

No

Price History

06/28/2024

Bright #MDWO2017254

Price change
$411,900
-2.37%
10/27/2023

Bright #MDWO2017254

Listed
$421,900
+122.05%
08/05/2021

Bright #MDWO111538

Sold
$190,000
+24.18%

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

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

$236,295
Asking price
$411,900
Closing costs (~8% of asking)
-$32,952
Est. remaining loan balance
-$142,653
Cash to seller
$236,295

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

Seller’s Loan History

Lender

State Employees Cu Of Maryland Inc

Loan start date

August 2021

Original loan amount

$152,000

Est. remaining balance

$142,653

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Syed Ali Mehdi and Milena Prelevic

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: 06/29/2024 at 8:30 AM

Listing updated: 06/28/2024 at 10:13 AM

Listed by: Clinton Bickford, Keller Williams Realty Delmarva Phone #: (410) 524-6400

MLS: Bright #MDWO2017254

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