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$435,000

Beds
2
Baths
2.0
sq ft
975

8908 Rusty Anchor Rd Unit 20401, Ocean City, MD 21842

8908 Rusty Anchor Rd Unit 20401

OCEAN CITY, MD 21842

  • 11 days on market
Welcome to the coastal life! Spacious top floor 2B | 2BA unit overlooking canal on quiet cul-de-sac with deeded boat slip! Featuring an abundance of storage, two balconies, updated flooring, newer hot water heater, HVAC system, and roof! Sold mostly furnished for your immediate enjoyment. Whether you keep for yourself or use as investment property you will not be disappointed! Rarely available and well-maintained community features outdoor pool, pier and docks, and walking distance to the Art League, beach, restaurants, shops, and more! Little Salisbury is more than a location, it's a lifestyle! Make this fantastic unit yours!

Details

Property type

Condominium

Est. home value

$387,668

Lot size

Unknown

Price per sq ft

$447

Year built

1972

Annual property taxes

$3,084

HOA

No

Price History

02/12/2025
Bright

Bright #MDWO2028232

Listed
$435,000
+33.85%
07/26/2021
Bright

Bright #MDWO122586

Sold
$324,990

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

OCEAN CITY

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

$219,201
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$180,999
Cash to seller
$219,201

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

Seller’s Loan History

Lender

Belco Community Cu

Loan start date

July 2021

Original loan amount

$227,493

Est. remaining balance

$180,999

Interest rate

2.23%

Loan type

New Conventional, 15 year

Seller

Saundra J Cunningham

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: 02/23/2025 at 11:20 PM

Listing updated: 02/12/2025 at 6:24 AM

Listed by: Katie Lowry, Coldwell Banker Realty Phone #: (443) 856-2211

MLS: Bright #MDWO2028232

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