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111 Somerset Street # 2 B 1 Ocean City, MD $ 549,000
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111 Somerset Street # 2 B 1
$ 549,000
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111 Somerset Street # 2 B 1

Ocean City, MD, 21842
$ 549,000
Bedrooms3 Baths2.0 Sq 1,198

Monthly Estimate*

$ 3,649

111 Somerset Street # 2 B 1, Ocean City, MD 21842 - Image 1
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Condo for sale in Ocean City, MD

for $549,000 with 3 bedrooms and 2 full baths. This 1,198 square foot condo was built in 2000.

Great downtown location. 1 block to bay, 2 blocks to Ocean. Walk to boardwalk, amusements, inlet, beach, bay water sports, restaurants, pubs, shops, festivals and more. This large 2 bedroom 2 bath townhouse was built in 2002 and has been upgraded throughout. The building has balconies, under building assigned parking for two autos, roof approximately 4 years old, and is meticulously maintained. This is a small self- managed condominium with only 6 total townhouses. This unit would be great for investors with strong rental income. 2022 gross income $36,707, 2023 gross income $35,380 and YTD bookings for 2024 $34,395. 2024 bookings must be honored. This would also make a great family property for personal use. Owners may have pets, tenants may not. Beautiful Smartcore vinyl wood plank flooring.

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Condo Active

Price

$ 549,000

Bedrooms

3

Full Bath

2

Property Type

Condo

Taxes

$ 3,158

Style

Traditional

Year Built

2000

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2020874
Features
Interior
Heating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1198
Full Baths 2
Street Suffix STREET
Central Air Y/N Y
Total Bedrooms 3
Below Grade Finished Area 0
Entry Level 1
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Laundry Type Main Floor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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General
Sewer Public Sewer
Heating Forced Air Heat Pump(s) Central
Cooling Central A/C Heat Pump(s)
Utilities Cable TV Available Phone Available Electric Available
Possession 0-30 Days CD
Roof Asphalt
Appliances Built-In Microwave Dishwasher Disposal Cooktop - Down Draft Dryer - Electric Freezer Exhaust Fan Icemaker Microwave Refrigerator Stove Washer Water Heater
Exterior Features Exterior Lighting Gutter System Sidewalks Extensive Hardscape Outside Shower
Zoning C-1
Garage Spaces 2.00
Association Fee Includes All Ground Fee Common Area Maintenance Ext Bldg Maint Insurance Reserve Funds
Architectural Style Traditional
Construction Materials Frame Masonry Vinyl Siding
Year Built 2000
Levels 2
Unit Number 2 B 1
Tax Year 2023
Percent Ownership Condominium
Cool Fuel Electric
Municipality Ocean City
Building Name Nowalk To The Boardwalk
Accessibility None
HOA Fee 2 1000.00
County WORCESTER
New Construction N
Property Type Residential
Association Amenities Other
HOA / Comm Assn N
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Cross Rt 50 bridge into OC turn right on Philadelphia turn left on Somerset to condo on right
City OCEAN CITY
Buyer Agent Compensation 2.5
Senior Community Y/N N
MLS Area Bayside Interior (83)
Waterfront Y/N N
Street Name SOMERSET
HOA Fee 2 Frequency Quarterly
Tax Annual Amount 3158.0
Home Warranty Y/N N
Property Condition Very Good
Structure Type Interior Row/Townhouse
Condo/Coop Association Y/N Y
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total 458.26
Acceptable Financing Conventional Cash
Vacation Rental Y/N N
Days on Market 6
Location Type Oceanside
Standard Status Active
Year Built Source Assessor
Legal Subdivision EQUESTRAIN SHORES
Tax Lot 2
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Pool No Pool
Parking Features Assigned Paved Parking Private Under Home Parking
Water Source Public
Inclusions All furnishings included
Garage Features Covered Parking
Type of Parking Parking Garage
Foundation Details Pilings
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Horse Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 111
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* Excluded Features
List By
Berkshire Hathaway Homeservices Penfed Realty - Op

Broker

joycemelbourne@comcast.net

Email

Affordability Calculator

$3,912
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,649
Monthly Property Taxes
$263
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
3534738 Elementary School
3535750 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/11/2024$549,000 Listed Price

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111 Somerset Street # 2 B 1, Ocean City, MD, 21842 is a Condo for sale at $549,000 with 1,198 sqft. 111 Somerset Street # 2 B 1 has 3 bedrooms, 2.0 baths, and was built in 2000. The property's zip code is 21842 which is in Ocean City, MD

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