$479,000
Beds:
3
Baths:
2
Sqft:
895
16 Days On Market -
Courtesy of Lucas Milburn, Long & Foster Real Estate, Inc. mikes@lnf.com
Status:
Active
Property Type:
Condominium
Year Built:
1940
Neighborhood:
Hitchens & Trimper
Days On Website:
16
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.
Features
Appliances & Equipment
- Microwave
- Oven/Range - Electric
- Refrigerator
- Dishwasher
Bathrooms
- 2 total bathrooms
- 2 bathrooms on main level
- 2 full bathrooms
- 2 full bathrooms on main level
Bedrooms
- 3 bedrooms
- 3 bedrooms on main level
Building
- 895 sqft living area
- 895 sqft above grade (finished)
- Built in 1940
- Structure Type: Unit/Flat/Apartment
- Wall & Ceiling Types: Dry Wall
- 2 levels in building
- 2 levels
- Coastal
- Vinyl Siding
Cooling
- Electric
- Ductless/Mini-Split
Accessibility Features
- 2+ Access Exits
Fees
- Other Fees Frequency: Quarterly
- Other Fees: $697
Floors
- Luxury Vinyl Plank
Foundation
- Block
Heating
- Electric
- Baseboard - Electric
Home Owner's Association
- Condo/Coop Association
- Condo/Coop Fee: $1,368
- Condo/Coop Fee Freq: Quarterly
- Pool - Outdoor
- Common Area Maintenance
- Insurance
- Lawn Care Front
- Lawn Care Rear
- Lawn Care Side
- Lawn Maintenance
- Pool(s)
- Reserve Funds
- Trash
Laundry
- Shared
Listing
- 15 days on market
- $535 per sqft
- Property SubType: Condominium
- Vacation Rental
- Concession In Price: N
Location
- Municipality: Ocean City
- County: Worcester
- Location Type: Bayblock
- MLS Area: Bayside Interior (83)
- Subdivision: Hitchens & Trimper
Lot
- Lot Size Dimensions: 0.00 x 0.00
Parking
- Parking Space Conveys
Property
- Other Structures: Above Grade,Below Grade
- Outdoor Living Structures: Deck(s)
Roof
- Shingle
Schools
- School District: WORCESTER COUNTY PUBLIC SCHOOLS
- Elementary School: OCEAN CITY
- Middle School: STEPHEN DECATUR
- High School: STEPHEN DECATUR
Sewer
- Public Sewer
Taxes
- City/Town Tax: $799
- City/Town Tax Pymnt Freq: Annually
- County Tax: $1,525
- County Tax Pymnt Freq: Annually
- Tax Annual Amount: $202
- Tax Year: 2024
Utilities
- Hot Water: Electric
- Cable TV Available
- Electric Available
- Phone Available
Property Map
Map View
$479,000 - 205 5th Street Unit 45, Ocean City, MD 21842
Street View
Directions
205 5th Street Unit 45
Ocean City, MD 21842
Municipality: Ocean City
Nearby Schools
Local Sales
This content last updated on November 22, 2024 1:02PM.