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$559,900

Beds
3
Baths
2.0
sq ft
1,228

717 Rusty Anchor Rd Unit 10, Ocean City, MD 21842

717 Rusty Anchor Rd Unit 10

OCEAN CITY, MD 21842

  • 21 days on market
    • Price drop $10,000↓
Direct Bayfront Condo with Deeded Boat Slip #10. Discover your waterfront oasis in this stunning 3-bedroom, 2-bathroom condo, perfectly situated for breathtaking water views from the living room, dining room, and kitchen. Enjoy serene moments on the spacious covered deck, where you can watch the boating activity unfold. Step inside to find a well-appointed kitchen featuring stainless steel appliances and a large island with seating, ideal for entertaining. The open-concept living area is warmed by a cozy wood-burning fireplace, creating an inviting atmosphere. Highlights of the condo include elegant crown molding, bamboo flooring, and beautifully tiled bathrooms. Recent upgrades enhance the property’s appeal, with a new heat pump (2021), bathroom fixtures and toilets (2021), stainless steel appliances (2019), and a hot water heater (2023). Additional features include two storage bins, two parking spaces, and a deeded boat slip with an 8,000 lb lift for your convenience. Located in the desirable "Little Salisbury" neighborhood off 94th St., you’ll have quick access to the beach, as well as nearby basketball and tennis courts, a kids' playground, a dog park, and a variety of restaurants, coffee shops, shopping, and grocery stores. The community is also perfect for walking and biking. The building underwent updates about eight years ago, including a new roof, balconies, and vinyl railings. Don’t miss this incredible opportunity to own a direct Bayfront condo in Ocean City!

Details

Property type

Condominium

Est. home value

$556,113

Lot size

Unknown

Price per sq ft

$456

Year built

1981

Annual property taxes

$4,697

HOA

No

Price History

11/19/2024
Bright

Bright #MDWO2026668

Price change
$559,900
-1.75%
11/01/2024
Bright

Bright #MDWO2026668

Listed
$569,900
+23.89%
10/22/2021
Bright

Bright #MDWO2001960

Sold
$460,000

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

OCEAN CITY

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

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

$319,345
Asking price
$559,900
Closing costs (~8% of asking)
-$44,792
Est. remaining loan balance
-$195,763
Cash to seller
$319,345

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

October 2021

Original loan amount

$210,000

Est. remaining balance

$195,763

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Suzanne Elizabeth Toomey

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 5:05 AM

Listing updated: 11/19/2024 at 4:33 PM

Listed by: Carol Proctor, Berkshire Hathaway HomeServices PenFed Realty Phone #: (410) 524-7000

MLS: Bright #MDWO2026668

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