tomo logo

$759,000

Beds
3
Baths
2.0
sq ft
1,860

310 2nd St Unit 101, Ocean City, MD 21842

310 2nd St Unit 101

OCEAN CITY, MD 21842

  • 11 days on market
Welcome to Thee Cori Noel! In search of an iconic location, with some of the best sunset views in all of Ocean City? You have found it. You’re going to love this three bedroom, luxurious condominium with a huge Bayside balcony that is perfect for entertaining and taking in all of the action. Watch the fisherman bring back the daily catch or have a relaxing libation at the end of the day. This condo features almost 1900 ft.² of living space with a flowing open layout with extra windows and patio doors to bring in all the natural light in the living room and the primary suite. Easy access to the beach boardwalk and some of the best restaurants in town. This has been a consistent vacation rental generating great income and already has 2025 rentals on the books. This is the investment you’ve been looking for!

Details

Property type

Condominium

Est. home value

$716,988

Lot size

Unknown

Price per sq ft

$409

Year built

2004

Annual property taxes

$7,549

HOA

No

Price History

02/14/2025
Bright

Bright #MDWO2028576

Listed
$759,000
+12.44%
08/26/2022
Bright

Bright #MDWO2007740

Sold
$675,000

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

$209,787
Asking price
$759,000
Closing costs (~8% of asking)
-$60,720
Est. remaining loan balance
-$488,493
Cash to seller
$209,787

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

August 2022

Original loan amount

$506,250

Est. remaining balance

$488,493

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Jeffrey L Lavallee and Nancy P Lavallee

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: 02/23/2025 at 11:15 PM

Listing updated: 02/19/2025 at 12:40 AM

Listed by: Ryan Haley, Atlantic Shores Sotheby's International Realty Phone #: (410) 524-0919

MLS: Bright #MDWO2028576

Bright logo

Recently listed in OCEAN CITY

$675,000|3 bd|3.5 ba|Townhouse
$479,000|3 bd|2.0 ba|House
$1,350,000|3 bd|3.0 ba|Condo
$499,997|3 bd|2.0 ba|Manufactured

Explore top cities in Maryland