tomo logo

$355,000

Beds
2
Baths
2.0
sq ft
864

2815 Tern Dr Unit 21402, Ocean City, MD 21842

2815 Tern Dr Unit 21402

OCEAN CITY, MD 21842

  • 169 days on market
Beautiful bayside condo on the water can be your piece of paradise! This is an amazing value for a fully furnished 2 bedroom, 2 bathroom on the watter. The unit features bright, open kitchen and living room that looks out onto the balcony and canal. Turn-key unit comes fully decorated with new water heater and furniture. Included is a deeded boat slip with boat lift and also included is a retractable awning over the waterfront balcony. This unit is well maintained and cared for, There is nothing close to this for under 400k. Give us a look!

Details

Property type

Condominium

Est. home value

$361,196

Lot size

Unknown

Price per sq ft

$411

Year built

1983

Annual property taxes

$2,436

HOA

No

Price History

05/01/2024
Bright

Bright #MDWO2020258

Listed
$355,000
04/03/2024
BrightMLS

BrightMLS #MDWO2016930

Removed
$355,000
10/10/2023
BrightMLS

BrightMLS #MDWO2016930

Listed
$355,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$130,014
Asking price
$355,000
Closing costs (~8% of asking)
-$28,400
Est. remaining loan balance
-$196,586
Cash to seller
$130,014

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

Seller’s Loan History

Lender

Mclean Mortgage Corp

Loan start date

October 2021

Original loan amount

$210,000

Est. remaining balance

$196,586

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Francisco Velez and Joseph David Bellotte

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: 09/27/2024 at 10:20 PM

Listing updated: 09/19/2024 at 9:57 PM

Listed by: Edward L Galyon Jr., Seaside Vacations and Sales LLC Phone #: (443) 497-0107

MLS: Bright #MDWO2020258

Bright logo

Recently listed in OCEAN CITY

$614,990|3 bd|3.0 ba|Townhouse
$649,990|3 bd|3.0 ba|Townhouse

Explore top cities in Maryland