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$525,000

Beds
3
Baths
2.0
sq ft
1,392

726 94th St Unit 114, Ocean City, MD 21842

726 94th St Unit 114

OCEAN CITY, MD 21842

  • 12 days on market
Located in the heart of Ocean City, this 3BR/2BA waterfront Condo offers three floors of living space with amazing views of the bay. Parking for (2) is just steps from the door into the main floor boasting easy care flooring, recessed lighting, a large family room featuring a wet bar with a copper sink and mini fridge, laundry, and plenty of closets for storage. Take the wide staircase to the second floor featuring a kitchen with plenty of cabinets and counter space, stainless steel appliances, a breakfast bar with seating, and sliding doors to a balcony that overlooks the neighborhood. In addition, there is a primary sized bedroom with a balcony that overlooks the bay, and a full bath. The stairs continue onto the third floor with a spacious secondary bedroom, a large primary bedroom with a balcony overlooking the bay, and a full bath. From the main floor step outside to a large covered wood deck with steps leading to a private dock for all your new water toys. This home is ideal as a full time residence or a summer rental property. Imagine all this and is located within walking distance to the beach, a newly renovated neighborhood park with a playground, tennis and basketball courts. In addition, this home is located within close proximity to shopping and tons of restaurants.

Details

Property type

Condominium

Est. home value

$507,247

Lot size

Unknown

Price per sq ft

$378

Year built

1974

Annual property taxes

$4,669

HOA

No

Price History

09/26/2024
Bright

Bright #MDWO2023314

Listed
$525,000
+50%
09/09/2021
Bright

Bright #MDWO2000644

Sold
$350,000

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks, Street Lights

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

$189,045
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$293,955
Cash to seller
$189,045

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

Seller’s Loan History

Lender

First Home Mortgage Corp

Loan start date

September 2021

Original loan amount

$315,000

Est. remaining balance

$293,955

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

Kelsea Stroosnyder and Peter C Stroosnyder

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: 09/27/2024 at 8:20 PM

Listing updated: 09/27/2024 at 1:16 PM

Listed by: Michael F Griesser Jr., VYBE Realty Phone #: (410) 220-4648

MLS: Bright #MDWO2023314

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