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$420,000

Beds
1
Baths
1.5
sq ft
874

3001 Atlantic Ave Unit 806, Ocean City, MD 21842

3001 Atlantic Ave Unit 806

OCEAN CITY, MD 21842

  • 37 days on market
This absolutely gorgeous condominium offers an incredible direct oceanfront view and bayside sunsets. Recently installed sliders span the width of the large balcony. It has new furniture, blackout curtains and drapes, led lighting, water heater, and has been recently painted. This is a top floor unit in the very popular Sea Gate building. Amenities include direct beach access from the large private lobby, off street parking, bike room, and owner storage locker. It also has and extra half bath. Brand new HVAC. Great rental potential with rental office in the building.

Details

Property type

Condominium

Est. home value

$417,808

Lot size

Unknown

Price per sq ft

$481

Year built

1973

Annual property taxes

$3,876

HOA

No

Price History

08/22/2024
Bright

Bright #MDWO2022776

Listed
$420,000
+20%
02/26/2021
Bright

Bright #MDWO119652

Sold
$350,000
+25%
06/14/2019
Bright

Bright #MDWO106524

Sold
$280,000
+3.7%

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

$294,606
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$91,794
Cash to seller
$294,606

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

February 2021

Original loan amount

$100,000

Est. remaining balance

$91,794

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Lisa R Schafer and Raymond N Schafer

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 8:20 PM

Listing updated: 09/24/2024 at 1:06 AM

Listed by: Camie Disharoon, Sea Gate Sales & Rentals Phone #: (410) 289-4669

MLS: Bright #MDWO2022776

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