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$735,000

Beds
5
Baths
3.0
sq ft
2,145

605 Twin Tree Rd, Ocean City, MD 21842

605 Twin Tree Rd

OCEAN CITY, MD 21842

  • 158 days on market
    • Price drop $30,000↓
Just Fabulous! Welcome to this stunning Cape Cod home in the desirable Caine Woods community of North Ocean City. With 2,145 sq ft of living space and no HOA fees, this property offers a perfect blend of comfort and convenience. The home features 5 spacious bedrooms and 3 full bathrooms, making it ideal for families, vacationers, or investors. Inside, you'll find an open floor plan that creates a bright and airy atmosphere. The living room boasts vaulted ceilings, skylights, a wood-burning fireplace, and a balcony overlook, providing a warm and inviting space for relaxation and entertainment. The large, updated kitchen is equipped with granite countertops, stainless steel appliances, and an island, along with a generous dining area, making it the perfect spot for gatherings. The first floor includes two primary bedrooms for easy accessibility, while the second floor offers additional living space with 2+ bedrooms and a full bathroom. The private fenced backyard features a patio for outdoor dining and relaxation, and the inviting front deck adds to the home's charm. Storage is ample with generous closets throughout and an attached garage. The owner is currently updating the property with a new roof, a dehumidifier in the crawl space, and new skylights, ensuring the home is well-maintained and move-in ready. This home is perfect for summer getaways or year-round living and is currently used as a vacation rental with Seaside Vacation Rentals, making it a great investment opportunity. Don't miss out on this fabulous Cape Cod home in North Ocean City.

Details

Property type

Single Family Residence

Est. home value

$657,740

Lot size

4,500 sq ft

Price per sq ft

$343

Year built

2003

Annual property taxes

$6,594

HOA

No

Price History

09/04/2024
Bright

Bright #MDWO2022140

Price change
$735,000
-3.92%
08/02/2024
Bright

Bright #MDWO2022140

Listed
$765,000
+14.18%
04/19/2024
Bright

Bright #MDWO2018808

Sold
$670,000
+6.35%

Schools & Community

Neighborhood: 

North Ocean City

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

$129,075
Asking price
$735,000
Closing costs (~8% of asking)
-$58,800
Est. remaining loan balance
-$547,125
Cash to seller
$129,075

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

Seller’s Loan History

Lender

Nfm Inc

Loan start date

July 2022

Original loan amount

$567,000

Est. remaining balance

$547,125

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Maria D Brooks and Jonathan L Gagnon

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 8:25 PM

Listing updated: 12/07/2024 at 8:49 AM

Listed by: Katherine M Christensen, TTR Sotheby's International Realty Phone #: (410) 673-3344

MLS: Bright #MDWO2022140

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