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$190,459Estimated home value

Beds
1
Baths
1.0
sq ft
396

512 Robin Dr Unit 10, Ocean City, MD 21842

512 Robin Dr Unit 10

OCEAN CITY, MD 21842

  • Sold On 8/18/2024
    • Price drop $5,000↓
***RESERVE STUDY AND THE WORK HAVE BEEN COMPLETED. THIS UNIT CAN BE FINANCED BY ALL BANKS! This is one of the FEW buildings that have done their required work and can be financed!*** This one-bed/one-bath condo offers breathtaking CANAL VIEWS, is steps away from the bay and a few blocks from the beach! Jolly Roger’s Theme Park, shopping and restaurants are within walking distance! The condo SLEEPS 5, with a NEW Queen Mattress in the bedroom, a Queen-sized slide-out sofabed, and a twin daybed chair. This condo comes FULLY FURNISHED (minus a few personal items remaining). The decor and much of the furniture is NEW! It has a washer and dryer in the unit that simply needs to be re-hooked up to the water source, and a new heat pump replaced in the last 2-3 years. We installed a convenient E-lock door that can be reset remotely by you, as well as for use with a physical key. There is an exterior private storage space for each unit in the building, and a BOAT RAMP for owner use, as well as BOAT SLIPS for purchase or rent upon availability! Currently being used as a VACATION RENTAL PROPERTY. There is a seamless option for the NEW OWNER to continue with the local Vacation Rental Management Company if they wish (but they don’t have to, there is no contract). This eliminates A LOT of onboarding work for you since we’ve already done it!

Details

Property type

Condominium

Est. home value

$190,459

Lot size

Unknown

Price per sq ft

$569

Year built

1969

Annual property taxes

$1,311

HOA

No

Price History

08/16/2024
Bright

Bright #MDWO2021398

Sold
$225,000
07/17/2024
Bright

Bright #MDWO2021398

Pending
$225,000
07/06/2024
Bright

Bright #MDWO2021398

Price change
$225,000
-2.17%

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

Washington Mutual Bank

Loan start date

March 2007

Original loan amount

$160,000

Est. remaining balance

Not provided

Interest rate

9.55%

Loan type

Stand Alone Refi (Refinance of Original Loan), 30 year

Seller

Ronald Brandt

Lender

First Magnus Financial Corp

Loan start date

May 2005

Original loan amount

$85,500

Est. remaining balance

$48,492

Interest rate

6.04%

Loan type

New Conventional, 30 year

Seller

Melody Brandt and Ronald Brandt

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: Off Market

Tomo last checked: 09/27/2024 at 6:35 PM

Listing updated: 08/18/2024 at 8:37 PM

Listed by: Jennifer A Light, Coldwell Banker Realty Phone #: (410) 524-6111

MLS: Bright #MDWO2021398

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