Traditional
205 SOMERSET STREET B303
OCEAN CITY , MD 21842
MLS#: MDWO2029792
$525,000
Property
Beds
1
Full Baths
1
1/2 Baths
1
Year Built
1987
Sq.Footage
675
New listing in VERY SOUGHT AFTER AND RARELY AVAILABLE, White Marlin Condominium and Marina. This condominium association has just finished total exterior renovation, including replacement elevators, new doors and windows in every unit, new pool, new exterior siding, new coated walkways, new railings, and new marina decking and bulkheading at a total cost of nearly $2,000,000.00. Owner has paid special assessment in full. This 3rd floor unit has gorgeous views of the Bay, pool, marina and the most spectacular sunsets from the large waterfront balcony. It features an electric powered awning and tinted windows. A large deep water boat slip #21 conveys with this property which can be used by the new buyer if they have a boat or it can be rented for additional income. The slip can accommodate a a 50-60ft. boat. It comes with 1 assigned covered parking space. From this downtown location you can walk to restaurants and pubs, beach, boardwalk, inlet and all of the festivals. On your boat you can enter the inlet and be in the ocean in less than 5 minutes, or tie up at Assateague Island and enjoy a picnic while watching for wild ponies, sunbathing and swimming. There is no other location in Ocean City like this unique property with all of it's amenities situated at the southernmost tip of Ocean City just a few hundred yards from the inlet leading to the Atlantic Ocean. Don't miss this opportunity. Last year the condo generated in excess of $16000.00 gross rental income with the seller holding back some weeks for their personal use. The boat slip generated an additional $8500.00 rental income.
Features & Amenities
Interior
-
Other Interior Features
High Ceilings
-
Total Bedrooms
1
-
Bathrooms
1
-
1/2 Bathrooms
1
-
Above Grade Finished Area
675.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Heat Pump, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Exhaust Fan, Electric, Heat Pump
-
Main Level Bedrooms
1
-
Pet friendly
Yes
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Concrete, Frame, Stucco, Vinyl Siding, Other
-
Parking
Garage, Assigned, Covered
-
Pool
Yes
-
Pool Features
Community
-
Waterfront YN
YES
-
View
Water, Bay, Marina
Area & Lot
-
Lot Features
Waterfront
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
Traditional
Price
-
Sales Price
$525,000
-
Tax Amount
3243.0
-
Sq. Footage
675
-
Price/SqFt
$777
HOA
-
Association
Yes
-
Association Fee 2
$1,385
-
Association Fee 2 Frequency
Quarterly
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Accessibility Features
Accessible Elevator Installed
-
Association Amenities
Picnic Area, Boat Dock, Elevator(s), Marina
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
WORCESTER
Elementary School
Middle School
High School
Listing Courtesy of Joyce A Melbourne Husman , Berkshire Hathaway HomeServices PenFed Realty - OP
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