tomo logo

$549,900

Beds
6
Baths
4.0
sq ft
3,360

702 Ocean Pkwy, Berlin, MD 21811

702 Ocean Pkwy

OCEAN PINES, MD 21811

  • 51 days on market
Discover this stunning 6-bedroom, 4-bath home featuring beautiful water views, perfect for both rental income and residential living. Enjoy your morning coffee or evening relaxation on the screened porch, or take in the picturesque scenery from the expansive deck off the primary suite. The modern kitchen boasts granite countertops, soft-close cabinets, and stainless steel appliances, while the bathrooms offer stylish tiled tub/showers. 2020 renovations added a versatile office/den in the lower level and a spacious playroom, ideal for entertaining guests. The property offers ample parking with an oversized 2-car garage and driveway that can accommodate approximately six additional vehicles.

Details

Property type

Single Family Residence

Est. home value

$594,526

Lot size

0.24 acres

Price per sq ft

$164

Year built

1984

Annual property taxes

$4,248

Monthly HOA fee

$70.83

Price History

11/08/2024
Bright

Bright #MDWO2026682

Listed
$549,900
+30.93%
10/29/2021
Bright

Bright #MDWO2001622

Sold
$420,000
+67.33%
12/31/2015
Bright

Bright #1003752303

Sold
$251,000
+75.52%

Schools & Community

Elementary school: 

SHOWELL

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

$153,494
Asking price
$549,900
Closing costs (~8% of asking)
-$43,992
Est. remaining loan balance
-$352,414
Cash to seller
$153,494

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

October 2021

Original loan amount

$378,000

Est. remaining balance

$352,414

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Thomas J Buononato and Charles R Vigilante

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 11:30 AM

Listing updated: 12/05/2024 at 3:14 PM

Listed by: Bethany A. Drew, Hileman Real Estate-Berlin Phone #: (410) 208-9200

MLS: Bright #MDWO2026682

Bright logo

Recently listed in OCEAN PINES

$359,900|3 bd|2.0 ba|House
$372,500|3 bd|2.0 ba|House
$365,000|3 bd|1.0 ba|House
$464,900|3 bd|3.0 ba|House
$379,900|3 bd|2.0 ba|House
$439,900|3 bd|2.0 ba|House
$379,900|3 bd|2.0 ba|House
$550,000|3 bd|3.0 ba|House
$385,000|2 bd|2.0 ba|House
$344,000|3 bd|2.0 ba|House