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$295,995

Beds
1
Baths
1.0
sq ft
616

9 46th St Unit 6, Ocean City, MD 21842

9 46th St Unit 6

OCEAN CITY, MD 21842

  • 30 days on market
Prime Ocean Block Location! Location, location, location—this one-bedroom, one-bath unit in the heart of mid-town Ocean City is just steps from the beach and walking distance to a variety of restaurants, shops, and attractions. Situated just a short bike ride from the Boardwalk and the Ocean City Convention Center, this property offers the best of coastal living. The unit features an open floor plan with a spacious living area that seamlessly flows into the hallway leading to the master bedroom. New carpet flooring in the living areas and luxury vinyl flooring in the kitchen and bathroom provide durability and style. The property is well-maintained, with a new HVAC unit installed this past summer and upgraded kitchen appliances from last year. This property is a proven income generator, with a three-year average rental income of $21,500 during the season, making it an excellent investment opportunity. Sold fully furnished, the unit comes with high-quality furniture in excellent condition, so it’s ready for you to move in or rent out. For your convenience, the property offers on-street parking and available permit parking. Don't miss out on this rare opportunity to own in one of the best locations in Ocean City—close to the beach, restaurants, and everything the area has to offer!

Details

Property type

Condominium

Est. home value

$282,898

Lot size

Unknown

Price per sq ft

$481

Year built

1983

Annual property taxes

$2,359

HOA

No

Price History

11/29/2024
Bright

Bright #MDWO2027066

Listed
$295,995
+37.67%
05/17/2021
Bright

Bright #MDWO121578

Sold
$215,000
+69.96%
03/24/2017
Bright

Bright #1001851146

Sold
$126,500

Schools & Community

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

$93,457
Asking price
$295,995
Closing costs (~8% of asking)
-$23,680
Est. remaining loan balance
-$178,858
Cash to seller
$93,457

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

May 2021

Original loan amount

$193,500

Est. remaining balance

$178,858

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Andrea Diaz Weeg and Anthony Weeg

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 4:15 PM

Listing updated: 12/13/2024 at 3:44 AM

Listed by: James S Green, Coastal Life Realty Group LLC Phone #: (443) 552-7579

MLS: Bright #MDWO2027066

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