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$1,200,000

Beds
7
Baths
4.0
sq ft
3,456

504 Edgewater Ave, Ocean City, MD 21842

504 Edgewater Ave

OCEAN CITY, MD 21842

  • 24 days on market
Professional Photos coming soon for this 4 unit building with detached 3 car garage located in the heart of downtown OC

Details

Property type

Single Family Residence

Est. home value

$775,391

Lot size

5,000 sq ft

Price per sq ft

$348

Year built

1948

Annual property taxes

$2,024

HOA

No

Price History

10/21/2024
Bright

Bright #MDWO2026430

Listed
$1,200,000
+118.78%
12/18/2020
Bright

Bright #MDWO119082

Sold
$548,500

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$740,863
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$363,137
Cash to seller
$740,863

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

December 2020

Original loan amount

$397,300

Est. remaining balance

$363,137

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Shawn A Kotwica and Inna P Kotwica

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: 11/14/2024 at 4:35 PM

Listing updated: 10/28/2024 at 9:49 AM

Listed by: Shawn Kotwica, Coldwell Banker Realty Phone #: (443) 856-2211

MLS: Bright #MDWO2026430

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