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$2,000,000

Beds
3
Baths
2.0
sq ft
1,530

409 Bering Rd, Ocean City, MD 21842

409 Bering Rd

OCEAN CITY, MD 21842

  • 3 days on market
    • Open house Jul 19
AUCTION! Own your own piece of paradise with this lovely beach cottage set upon a large bayfront lot in the Little Salisbury community in Ocean City. The house was built on 2 full lots and can be subdivided to build 2 homes. Enjoy the expansive views from your deck or your private dock with boat lift. The cottage has an open floorplan with large windows overlooking the bay. There are 3 bedrooms and 2 full baths, as well as a 1 car garage with extra storage space for your toys. The house can be expanded, and the lot has plenty of room to add a pool, outdoor kitchen and other amenities. No HOA! There is a community boat ramp and the home is just a short bike ride or walk to the beach. Opportunities like this rarely come along -- don't miss your chance! Property to be sold at Public Auction on Thursday August 8th at 2:00 pm. Auction to be held at the property. Offsite bidding available. List price is suggested opening bid. Actual price to be determined at auction.

Details

Property type

Single Family Residence

Est. home value

$811,207

Lot size

0.37 acres

Price per sq ft

$1,308

Year built

1960

Annual property taxes

$6,803

HOA

No

Price History

07/03/2024

Bright #MDWO2021900

Listed
$2,000,000
-37.5%
06/17/2024

Bright #MDWO2018582

Removed
$3,200,000
01/26/2024

Bright #MDWO2018582

Listed
$3,200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

WORCESTER 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

February 2015

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

3.87%

Loan type

Future Advance Clause / Open End Mortgage, 25 year

Seller

Suzanne Dennis Williams and Donald 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: 07/06/2024 at 1:20 AM

Listing updated: 07/03/2024 at 1:04 PM

Listed by: Jeffrey E Stein, Tranzon Fox Phone #: (703) 539-8111

MLS: Bright #MDWO2021900

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