tomo logo

$150,000

Beds
2
Baths
1.0
sq ft
648

2835 Ocean Gtwy, Cambridge, MD 21613

2835 Ocean Gtwy

CAMBRIDGE, MD 21613

  • 110 days on market
    • Price drop $4,900↓
Great opportunity to own prime commercial real estate with US Rt.50 access. Just shy of a quarter acre property with over 30,000 cars passing by each day. Home is rented thru the end of Feb. 2025, currently being rented for $1340/mo! This would be an ideal property for a tradesman or business owner looking for a high visibility location. OR affordable housing for an employee while the additional yard is utilized as storage space for vehicles and/or materials. House features a functional floor plan, 1-2 bedrooms, laundry/utility room, and spacious kitchen. LVP floors in living room. New furnace in 2023. Roof installed in 2017. Public water & sewer. Buyer to confirm all possible uses with city planning and zoning- zoned general commercial.

Details

Property type

Single Family Residence

Est. home value

$207,272

Lot size

0.23 acres

Price per sq ft

$232

Year built

1940

Annual property taxes

$2,617

HOA

No

Price History

01/22/2025
Bright

Bright #MDDO2008538

Price change
$150,000
-3.16%
11/14/2024
Bright

Bright #MDDO2008538

Listed
$154,900

Schools & Community

Elementary school: 

CALL SCHOOL BOARD

Middle school: 

MACES LANE

High school: 

CAMBRIDGE-SOUTH DORCHESTER

School district: 

DORCHESTER 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

Hebron Savings Bank

Loan start date

March 2021

Original loan amount

$55,000

Est. remaining balance

Not provided

Interest rate

2.21%

Loan type

Future Advance Clause / Open End Mortgage, 15 year

Seller

Gary R Thompson and Christina M Thompson

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2006

Original loan amount

$81,900

Est. remaining balance

$0

Interest rate

5.83%

Loan type

Not Provided, 15 year

Seller

Gary R Thompson and Nina M Thompson

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: 03/04/2025 at 3:30 AM

Listing updated: 01/22/2025 at 10:19 AM

Listed by: Sydney Johnson Cohee, Sharon Real Estate P.C. Phone #: (410) 228-2525

MLS: Bright #MDDO2008538

Bright logo

Recently listed in CAMBRIDGE

$529,000|3 bd|2.0 ba|House
$324,900|2 bd|2.5 ba|House
$1,375,000|5 bd|3.5 ba|House
$1,000,000|5 bd|3.0 ba|House
$239,500|3 bd|2.0 ba|House
$235,000|3 bd|2.5 ba|Townhouse
$215,000|3 bd|1.0 ba|House
$399,000|6 bd|2.5 ba|House

Explore top cities in Maryland