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$495,000

Beds
2
Baths
2.0
sq ft
1,245

711 Mooring Rd Unit 5, Ocean City, MD 21842

711 Mooring Rd Unit 5

OCEAN CITY, MD 21842

  • 35 days on market
OPEN HOUSE SATURDAY NOV. 16TH FROM 11 TO 1!! WATERFRONT AT ITS BEST !! Your dreams of owning a Coastal Vacation Home have finally come true with this Exquisite Spacious Waterfront Penthouse Condo in the North Ocean City Location. Low Monthly Condo Fee. This 2 Bedroom, 2 Full Bath Unique Condo offers an Open Floor Plan, plus 20+ Ft. Vaulted Ceilings, Kitchen with Breakfast Bar, Stainless Steel Appliances, and an Open Dining Area. A fireplace is located in the Living Room, Sliding Glass Doors in the Living Room and the Primary Bedroom open up to a Newly Installed Balcony overlooking the Gorgeous Southern Exposure. The Primary Bedroom offers an updated bath, and the Spacious Second Bedroom has decent closet space. A Full Size Attic for Additional Storage is a total added plus. There are 2 Parking Spaces that Convey with the Property as well as Street Parking. Added highlights are a Boat Slip that comes with the Unit and a Waterfront Common Area Deck for additional Waterfront Fun. An Updated HVAC and Newly Installed Front and Rear Decking and Stairs together make this a Truly Desirable Well Maintained Home.

Details

Property type

Condominium

Est. home value

$434,799

Lot size

Unknown

Price per sq ft

$398

Year built

1983

Annual property taxes

$3,920

HOA

No

Price History

10/18/2024
Bright

Bright #MDWO2026390

Listed
$495,000
+17.89%
03/31/2023
Bright

Bright #MDWO2012438

Sold
$419,900
+86.71%
12/16/2016
Bright

Bright #1000524878

Sold
$224,900

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

$325,130
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$130,270
Cash to seller
$325,130

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

Seller’s Loan History

Lender

Universal Mortgage & Finance Inc

Loan start date

December 2016

Original loan amount

$157,460

Est. remaining balance

$130,270

Interest rate

3.47%

Loan type

New Conventional, 30 year

Seller

Terrye A Delmonte and Edward J Kulboaks Iii

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: 11/22/2024 at 5:30 AM

Listing updated: 11/08/2024 at 8:39 AM

Listed by: Eileen F Bumba, Long & Foster Real Estate, Inc. Phone #: (410) 524-1700

MLS: Bright #MDWO2026390

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