$731,000
$800,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,700 SqFt
SOLD DATE : 01/22/2016
Key Details
Sold Price $731,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $430
Subdivision None Available
MLS Listing ID 1000560876
Sold Date 01/22/16
Style Other,Unit/Flat
Bedrooms 3
Full Baths 2
Half Baths 1
Condo Fees $7,800/ann
HOA Y/N N
Abv Grd Liv Area 1,700
Originating Board CAR
Year Built 2004
Lot Size 3,750 Sqft
Acres 0.09
Lot Dimensions 50 X 75
Property Description
LOW ISLAND INVESTMENT OPPORTUNITY: 3 @ 3-level condos with Bay Views. Each @ 3 Bed + Den, 2 1/2 Baths, sleeps 10. Dry safety sprinkler system, 2 covered parking spaces/unit, ground level storage room. Within 2 blocks of beach, boardwalk, fishing pier. Selling entire Building, can be resold separately, individual metering, Condominium Regime recorded. Self-managed, self-maintained, condo fee estimated by operating budget. SDAT Assessed @ 1,429 sqft, believed to be 1,700 sqft/unit. RENT ROLL: Summer @ $75k GRI, $1,250 to $3,500/wk, Winter @ $17k GRI, $850/m + uty. RE Taxes avg $3,468/unit. Estimated: $92k GRI < $40k Expenses yields $52k NOI. Owner + local Broker lodging agreements. Then-current Professional Inspection Reports to be provided within 15 days of Contract. Shown by Appointment.
Location
State MD
County Worcester
Area Bayside Interior (83)
Direction West
Rooms
Other Rooms Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
Basement None
Interior
Interior Features Ceiling Fan(s), Sprinkler System, Window Treatments
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Equipment Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
Furnishings Yes
Window Features Insulated,Screens
Appliance Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
Exterior
Exterior Feature Balcony, Deck(s)
Parking On Site 6
Utilities Available Cable TV
Amenities Available Other
Waterfront N
Water Access N
View Bay, Water
Roof Type Asphalt,Other
Porch Balcony, Deck(s)
Road Frontage Public
Parking Type Off Street
Garage N
Building
Lot Description Cleared, Corner
Story 3+
Unit Features Garden 1 - 4 Floors
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Other, Unit/Flat
Level or Stories 3+
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 425573
Ownership Condominium
SqFt Source Estimated
Security Features Sprinkler System - Indoor
Acceptable Financing Conventional, Exchange
Listing Terms Conventional, Exchange
Financing Conventional,Exchange
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Bought with Joyce A Melbourne Husman • Beach Real Estate Inc
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