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205 5TH Street , #45

OCEAN CITY, MD 21842
  • $479,000
  • STATUS: Active Under Contract
  • ON SITE: 25 Days
  • ID#: MDWO2026644
Under Contract
UPDATED: 39 min ago
$479,000
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 895
    SQFT
  • $535
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:

Description

A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and newly renovated park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides internet. Electrical Panels were upgraded in 2021. Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new Appliances (2023), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs.Additional storage for the building under the deck stairwell and along the side of the unit.In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-02T17:51:55.023.
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205 5TH Street , #45 OCEAN CITY, MD 21842

  • Price: $479,000
  • Status: Active Under Contract
  • On Site: 25 Days
  • Updated: 39 min ago
  • ID#: MDWO2026644
3
Beds
2
Baths
0
½ Baths
N/A
Acres
895
SQFT
$535
$/SQFT
1940
Built
Neighborhood:
Hitchens & Trimper
County:
Worcester
Area:
Bayside Interior (83)
Elementary School:
Ocean City
Middle School:
Stephen Decatur
High School:
Stephen Decatur
School District:
Worcester County Public Schools
Property Description
A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and newly renovated park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides internet. Electrical Panels were upgraded in 2021. Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new Appliances (2023), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs.Additional storage for the building under the deck stairwell and along the side of the unit.In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.
Exterior Features

Architectural Style Coastal Construction Materials Vinyl Siding Garage YN No Location Type Bayblock Parking Features Parking Space Conveys Parking Types Off Street Patio And Porch Features Deck(s) Pool Yes - Community Property Condition Good Roof Shingle Unit Building Type Garden 1 - 4 Floors Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 895 Appliances MicrowaveOven/Range - ElectricRefrigeratorDishwasher Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ductless/Mini-Split Fireplace YN No Flooring Luxury Vinyl Plank Furnished Yes Heating Baseboard - Electric Heating YN Yes Inclusions All Furniture and furnishings Laundry Type Shared Levels 2 Main Level Bedrooms 3 Pets Allowed Cats OKDogs OK Rooms Total 7 Spa YN No Walls Ceilings Dry Wall

Property Features

Acceptable Financing ConventionalCash Accessibility Features 2+ Access Exits Association Amenities Pool - Outdoor Association Fee Includes Common Area MaintenanceInsuranceLawn Care FrontLawn Care RearLawn Care SideLawn MaintenancePool(s)Reserve FundsTrash Association Fee2 1368.00 Association Fee2 Frequency Quarterly Association YN No Central Air YN No Condo YN Yes Cooling Fuel Electric Entry Level 2 Federal Flood Zone AE Federal Flood Zone YN Yes Foundation Details Block Heating Fuel Electric Historic YN No Horse YN No Hot Water Electric Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 803454135694 Other Fees 697.00 Other Fees Frequency Quarterly Ownership Interest Condominium Pets Allowed YN Yes Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 202.08 Utilities Cable TV AvailableElectric AvailablePhone Available Vacation Rental YN Yes Water Source Public Zoning RESIDENTIAL Zoning Description Residential

Listing courtesy of Long & Foster Real Estate, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-02T17:51:55.023.
 
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