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$1,390,000

Beds
3
Baths
3.0
sq ft
2,324

6301 Atlantic Ave Unit 403, Ocean City, MD 21842

6301 Atlantic Ave Unit 403

OCEAN CITY, MD 21842

  • 1 day on market
Beautiful 2 Story Ocean Side townhouse with over 2,300 sq ft of living area. 3 bedrooms 3 baths unit with Wrap a round balconies on each floor with wonderful ocean views and bay views. Updated modern kitchen and spactacular hardwood cathedral cielings. Gas fireplace in the living room area for those chilly evenings. Secured lobby and indoor swimming pool. This property is close to restaurants, bars, shopping, Property has been updated into smarthome / lights and fans operable by app.

Details

Property type

Condominium

Est. home value

$845,439

Lot size

Unknown

Price per sq ft

$599

Year built

2006

Annual property taxes

$9,161

HOA

No

Price History

02/01/2025
Bright

Bright #MDWO2028188

Listed
$1,390,000
+78.21%
09/22/2023
Bright

Bright #MDWO2015634

Sold
$780,000
+28.4%
02/08/2016
Bright

Bright #1000556772

Sold
$607,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$740,427
Asking price
$1,390,000
Closing costs (~8% of asking)
-$111,200
Est. remaining loan balance
-$538,373
Cash to seller
$740,427

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

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

September 2023

Original loan amount

$546,000

Est. remaining balance

$538,373

Interest rate

6.9%

Loan type

New Conventional, 30 year

Seller

Suman Subramanian Krishna Kumar and Hasini Mosuri

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: 02/02/2025 at 10:00 PM

Listing updated: 02/01/2025 at 7:24 AM

Listed by: Jamie Caine, Coldwell Banker Realty Phone #: (443) 856-2211

MLS: Bright #MDWO2028188

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