tomo logo

$314,900

Beds
2
Baths
2.0
sq ft
770

2601 Gull Way Unit 28, Ocean City, MD 21842

2601 Gull Way Unit 28

OCEAN CITY, MD 21842

  • 132 days on market
    • Price drop $5,100↓
    • Open house Dec 22
**Welcome to this Midtown Condo!** This spacious first-floor condo features two large bedrooms and two bathrooms, offering a great floor plan ideal for gatherings with family and friends. The expansive living room provides lovely views of the serene courtyard and the community pool, creating a perfect space for relaxation. The large bedrooms ensure ample sleeping space, making it easy to accommodate guests or rent out the unit. Fully furnished and move-in ready, this condo is an excellent choice whether you're looking for a vacation getaway or a smart investment property. Close to Jolly Roger Amusement park, Restaurants, boardwalk and so much more! Don't miss out on the chance to enjoy your beach property today!

Details

Property type

Condominium

Est. home value

$284,537

Lot size

Unknown

Price per sq ft

$409

Year built

1972

Annual property taxes

$2,277

HOA

No

Price History

12/13/2024
Bright

Bright #MDWO2022272

Price change
$314,900
-1.59%
10/18/2024
Bright

Bright #MDWO2022272

Price change
$320,000
-2.29%
09/24/2024
Bright

Bright #MDWO2022272

Price change
$327,500
-2.24%

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$110,079
Asking price
$314,900
Closing costs (~8% of asking)
-$25,192
Est. remaining loan balance
-$179,629
Cash to seller
$110,079

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

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

May 2022

Original loan amount

$187,500

Est. remaining balance

$179,629

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Alvin Chen and Lu Chen

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 5:00 PM

Listing updated: 12/14/2024 at 3:54 PM

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

MLS: Bright #MDWO2022272

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