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$280,000

Beds
2
Baths
1.0
sq ft
770

502 Bayshore Dr Unit 37, Ocean City, MD 21842

502 Bayshore Dr Unit 37

OCEAN CITY, MD 21842

  • 107 days on market
    • Price drop $10,000↓
    • Open house Nov 09
Welcome to your perfect vacation retreat at the Golden Gate Condominium! This charming 2-bedroom, 1-bathroom property is ideal for those seeking a serene getaway or a fantastic investment opportunity in the heart of Ocean City. Nestled on Bayshore Drive, this condo offers easy access to Ocean City's top attractions. The inviting living area boasts plenty of natural light, creating a warm and welcoming ambiance. Two well-appointed bedrooms provide ample space for family and guests, ensuring comfort and relaxation. The pristine bathroom features modern fixtures and a refreshing color palette. Prepare delicious meals in the fully equipped kitchen, complete with contemporary appliances and ample counter space. Enjoy a refreshing dip in the community pool, perfect for those hot summer days. Additionally, the spacious semi-private deck offers a great spot for relaxation and outdoor dining. Just minutes away, you'll find the thrilling rides of Jolly Roger Amusement Park, the excitement of go-kart racing at Speedworld, and the family fun of Splash Mountain water park. Savor the local cuisine at nearby restaurants, offering a variety of dining options to suit every palate. Spend your days basking in the sun on Ocean City's world-renowned beach or strolling along the vibrant boardwalk, filled with shops, eateries, and entertainment. The Golden Gate condo also offers access to well-maintained community amenities, including a pool area and beautifully landscaped grounds. Take in stunning views of the bay and surrounding area, creating a peaceful and picturesque setting. Ample parking space ensures ease of access for you and your guests. This Golden Gate condo offers a unique blend of comfort, convenience, and coastal charm. Whether you're looking for a personal vacation spot or a rental property, this is an opportunity you won't want to miss. Contact us today to schedule a viewing and make this dream property yours!

Details

Property type

Condominium

Est. home value

$272,822

Lot size

Unknown

Price per sq ft

$364

Year built

1972

Annual property taxes

$2,277

HOA

No

Price History

10/15/2024
Bright

Bright #MDWO2022288

Price change
$280,000
-3.45%
09/27/2024
Bright

Bright #MDWO2022288

Price change
$290,000
-3.33%
07/24/2024
Bright

Bright #MDWO2022288

Listed
$300,000
+16.73%

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

OCEAN CITY

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

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

$83,255
Asking price
$280,000
Closing costs (~8% of asking)
-$22,400
Est. remaining loan balance
-$174,345
Cash to seller
$83,255

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

Seller’s Loan History

Lender

Waterstone Mortgage Corp

Loan start date

October 2022

Original loan amount

$179,900

Est. remaining balance

$174,345

Interest rate

5.13%

Loan type

New Conventional, 30 year

Seller

Stephen J Sell

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 5:15 PM

Listing updated: 11/06/2024 at 4:34 PM

Listed by: Mark J. Hall, RE/MAX Advantage Realty Phone #: (410) 723-3600

MLS: Bright #MDWO2022288

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