tomo logo

$685,000

Beds
2
Baths
2.0
sq ft
1,122

2901 Atlantic Ave Unit 1003, Ocean City, MD 21842

2901 Atlantic Ave Unit 1003

OCEAN CITY, MD 21842

  • 63 days on market
    • Price drop $15,000↓
Welcome to 2901 Atlantic Ave, Unit 1003—a fully furnished 2-bedroom, 2-bathroom oceanfront condo that sits high on the 10th floor, delivering sweeping ocean and bay views from sunrise to sunset. This coastal haven is designed for relaxation and luxury. The open-concept kitchen is a chef's delight, boasting sleek granite countertops, a chic tile backsplash, and stainless steel appliances. The main living area is the heart of the home, where the backdrop of the Atlantic Ocean sets the perfect tone for gatherings with family and friends. Both the primary ensuite and hall bath have been tastefully updated with modern tile surrounds in the showers and contemporary vanities. The light-filled bedrooms offer peaceful retreats, ensuring comfort and tranquility for you and your guests. With recent updates including a new HVAC system and water heater (2022), you'll enjoy added peace of mind. The building offers a reserved parking spot and access to an inviting oceanfront pool, perfect for unwinding after a day on the beach. Located just two blocks from the Ocean City boardwalk and a short walk to Jolly Roger Amusement Park, this condo is ideal for personal use or as a high-demand rental property. Experience the best of coastal living in this unbeatable location!

Details

Property type

Condominium

Est. home value

$658,212

Lot size

Unknown

Price per sq ft

$611

Year built

1975

Annual property taxes

$5,469

HOA

No

Price History

09/30/2024
Bright

Bright #MDWO2023200

Price change
$685,000
-2.14%
09/12/2024
Bright

Bright #MDWO2023200

Listed
$700,000
+18.85%
02/04/2022
Bright

Bright #MDWO2003536

Sold
$589,000

Schools & Community

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

$132,489
Asking price
$685,000
Closing costs (~8% of asking)
-$54,800
Est. remaining loan balance
-$497,711
Cash to seller
$132,489

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

February 2022

Original loan amount

$530,000

Est. remaining balance

$497,711

Interest rate

3.12%

Loan type

New Conventional, 29 year

Seller

Micahle E Ewing and Christina F Ewing

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: 11/08/2024 at 11:40 AM

Listing updated: 10/31/2024 at 2:40 PM

Listed by: NICOLE HARRELL, Northrop Realty Phone #: (302) 539-2900

MLS: Bright #MDWO2023200

Bright logo

Recently listed in OCEAN CITY