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$310,000

Beds
2
Baths
1.5
sq ft
567

402 Saint Louis Ave Unit 7, Ocean City, MD 21842

402 Saint Louis Ave Unit 7

OCEAN CITY, MD 21842

  • 17 days on market
Welcome to this highly sought-after beach cottage located at 4th Street and St. Louis Avenue in downtown Ocean City, Maryland. Perfectly situated next to the New Ocean City Park, this charming property has proven to be a rental powerhouse, making it an excellent investment opportunity or a personal beach retreat. The home features 2 bedrooms, 1.5 bathrooms, and 567 square feet of cozy coastal living space. Enjoy glimpses of the bay from the covered front porch, and take advantage of modern conveniences such as a stack washer and dryer, designated parking, and access to a community pool. Located just 2.5 blocks from the beach and boardwalk, this property offers unmatched proximity to Ocean City’s finest attractions. It’s also only one block from a public fishing and crabbing pier, ideal for outdoor enthusiasts. With many fine restaurants, bars, and local hotspots within walking distance, you’ll have everything you need right at your fingertips. Whether you’re relaxing on the porch, exploring the vibrant downtown area, or soaking up the sun by the pool, this beach cottage is the perfect getaway. Don’t miss your chance to own this exceptional property—schedule your showing today!

Details

Property type

Condominium

Est. home value

$248,307

Lot size

Unknown

Price per sq ft

$547

Year built

1940

Annual property taxes

$1,840

HOA

No

Price History

12/05/2024
Bright

Bright #MDWO2027270

Listed
$310,000
+93.87%
05/31/2019
Bright

Bright #MDWO105482

Sold
$159,900

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

$185,141
Asking price
$310,000
Closing costs (~8% of asking)
-$24,800
Est. remaining loan balance
-$100,059
Cash to seller
$185,141

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

Seller’s Loan History

Lender

Citadel Servicing Corporation

Loan start date

July 2019

Original loan amount

$111,850

Est. remaining balance

$100,059

Interest rate

3.82%

Loan type

New Conventional, 30 year

Seller

Roderick Lee Williams

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: 12/22/2024 at 11:20 AM

Listing updated: 12/20/2024 at 3:39 PM

Listed by: Anthony E Balcerzak Jr., Berkshire Hathaway HomeServices PenFed Realty-WOC Phone #: (410) 520-2600

MLS: Bright #MDWO2027270

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