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111 SOMERSET ST #2 B 1 Ocean City, MD 21842
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Key Details
Sold Price $530,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 1,198 sqft
Price per Sqft $442
Subdivision None Available
MLS Listing ID MDWO2020874
Sold Date 10/22/24
Style Traditional
Bedrooms 3
Full Baths 2
Condo Fees $1,000/qua
HOA Y/N N
Abv Grd Liv Area 1,198
Originating Board BRIGHT
Year Built 2000
Annual Tax Amount $3,158
Tax Year 2023
Lot Dimensions 0.00 x 0.00
Property Description
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 3 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.
Location
State MD
County Worcester
Area Bayside Interior (83)
Zoning C-1
Rooms
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s), Central
Cooling Central A/C, Heat Pump(s)
Equipment Built-In Microwave, Dishwasher, Disposal, Cooktop - Down Draft, Dryer - Electric, Freezer, Exhaust Fan, Icemaker, Microwave, Refrigerator, Stove, Washer, Water Heater
Furnishings Yes
Fireplace N
Appliance Built-In Microwave, Dishwasher, Disposal, Cooktop - Down Draft, Dryer - Electric, Freezer, Exhaust Fan, Icemaker, Microwave, Refrigerator, Stove, Washer, Water Heater
Heat Source Electric
Laundry Main Floor
Exterior
Garage Covered Parking
Garage Spaces 2.0
Parking On Site 2
Utilities Available Cable TV Available, Phone Available, Electric Available
Amenities Available Other
Waterfront N
Water Access N
Roof Type Asphalt
Accessibility None
Parking Type Parking Garage
Total Parking Spaces 2
Garage Y
Building
Story 2
Foundation Pilings
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Worcester County Public Schools
Others
Pets Allowed N
HOA Fee Include All Ground Fee,Common Area Maintenance,Ext Bldg Maint,Insurance,Reserve Funds
Senior Community No
Tax ID 2410410053
Ownership Condominium
Acceptable Financing Conventional, Cash
Horse Property N
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Kevin J Hammersmith • Berkshire Hathaway HomeServices PenFed Realty
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