• 109 Somerset Street #5 B 2 OCEAN CITY, MD 21842

  • $549,000
  • 3
    Bed(s)
  • 2.5
    Baths
  • 1,360
    Sq Ft

Very large townhouse with 2 bedroom 2.5 baths in desirable downtown location. Walk to beach, boardwalk, amusements, inlet, bayside water sports, festivals, restaurants, pubs, shops and more. Just 2 blocks to boardwalk and 1 block to bay, you will not need to move your car once you arrive. There is under unit 2 car assigned parking, outside shower and outside storage unit. This is a small 6 unit condominium which is self managed. Unit has newly installed Smartcore vinyl plank engineered wood flooring on the 1st floor. All furnishings convey. This could be a turnkey rental property with strong rental history. 2022 $41,191 gross income, 2023 $35,357 gross income and YTD bookings 2024 $27,417. 2024 rentals must be honored. Roof is approximately 4 years old and building exterior is very well maintained.

Property Type :

Residential

Subdivision :

None Available

County :

WORCESTER

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 3

Master Bedroom Level: 3

Bathroom Information

Total Baths: 3

Full Baths: 2

Half Baths: 1

Laundry Source

Laundry Type : Main Floor

Water/Sewer

Water Source : Public

Interior Features

Ceiling Fan(s)

Roof : Asphalt

Exterior Property Features : Exterior Lighting,Extensive Hardscape,Gutter System,Outside Shower,Secure Storage

Property Amenities: Extra Storage,Reserved/Assigned Parking,Storage Bin

Property Appliances: Built-In Microwave,Dishwasher,Disposal,Dryer - Electric,Exhaust Fan,Icemaker,Oven/Range - Electric,Refrigerator,Stove,Washer

Fireplace: Electric

Roofing Information

Asphalt

Heating & Cooling

Cooling: Central A/C

Heating: Forced Air,Heat Pump(s)

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

Exterior Features: Exterior Lighting,Extensive Hardscape,Gutter System,Outside Shower,Secure Storage

Year Built: 2002

Structure: Interior Row/Townhouse

Fireplace: 1

Major Appliances: Built-In Microwave,Dishwasher,Disposal,Dryer - Electric,Exhaust Fan,Icemaker,Oven/Range - Electric,Refrigerator,Stove,Washer

New Construction: No

Total Floors: 2

Built: 2002

Construction Material: Frame,Masonry,Vinyl Siding

Amenities: Extra Storage,Reserved/Assigned Parking,Storage Bin

Roof: Asphalt

Foundation/Basement: Pilings

Architecture: Traditional

Pool/Private: No Pool

Roof Type: Asphalt

Exterior Features

Utilities: Cable TV,Electric Available,Phone Available

Building Name: Nowalk To The Boardwalk

Pool Information

Pool: No Pool

Amenities

Extra Storage,Reserved/Assigned Parking,Storage Bin

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Dimensions: 0.00 x 0.00

Architectural Style: Traditional

Property Information

SQ ft: 1,360

SQ ft (Living Area): 1,360

Subdivision: NONE AVAILABLE

Financing: Cash,Conventional

Appx. Lot Dimensions: 0.00 x 0.00

New Construction: No

Type: Traditional

Listing Information

Possession: 0-30 Days CD

Common/Club Amenities: Extra Storage,Reserved/Assigned Parking,Storage Bin

Days Of Market: 10

Lease Information

Lease Considered: No

Tax Information

Annual Tax: $3,239

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Terms/Deposits/Fees

Condo Fees: $1,000

Assoc Fee Freq: $Quarterly

Possession

0-30 Days CD

Assessment Information

Taxes Assessment Amount: $229,800

Parking Information

Total Parking Spaces: 2

Parking Space # Assigned: 2

Parking Type: Parking Garage

Parking Features: Paved Parking,Private,Under Home Parking

Has Garage: Y

Garage Type: Covered Parking

Garage Space: 2

Multi-Unit Information

Acceptable Financing: Cash,Conventional

Roof: Asphalt

Unit: 5 B 2

Homeowners Association Information

Association Fee 2: $1,000

HOA Fee Frequency: Quarterly

Other Fee Frequency: Quarterly

Direction: Enter OC on Rt 50 bridge, right on Philadelphia, left on Somerset. property on right

School Information

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Fire Place Information

Total Fire Place: 1

Fire Place Features: Electric

Utility Information

Cable TV,Electric Available,Phone Available

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Location Information

Location Type: Oceanside

Direction: Enter OC on Rt 50 bridge, right on Philadelphia, left on Somerset. property on right

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Nearby Home Value

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12004 Ocean Gateway , Ocean City, MD,21842 $900,000 -- -- 304,920 304920 Sqft
4306 Coastal Highway , Ocean City, MD,21842 $1,950,000 3 2.5 3,448 7150 Sqft
4302 Coastal Highway , Ocean City, MD,21842 $599,000 3 2.0 1,248 3575 Sqft
Blue Marlin , Ocean City, MD,21842 $485,000 -- -- 673,002 673002 Sqft
8240 Wilmington Lane , Ocean City, MD,21842 $855,000 4 3.0 -- --
13444 Madison Avenue , Ocean City, MD,21842 $750,000 3 2.0 2,000 5000 Sqft
10539 Sussex Road , Ocean City, MD,21842 $1,995,000 4 3.5 -- 28401 Sqft

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ByOwner last updated this listing 05/23/2024 @ 19:28

MLS: MDWO2020890
LISTED BY: Joyce A Melbourne Husman , Berkshire Hathaway HomeServices PenFed Realty - OP
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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