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$575,000
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Property Description
2 Bedroom 2 Bathroom Direct Oceanfront condominium located in the El Capitan. This popular floorplan includes an Oceanfront bedroom with a large private balcony as well as an Oceanfront living room with an additional large balcony. Enjoy Ocean City's famous boardwalk from above in this well maintained property. Upgrades include sliding glass doors leading to both balconies as well as a modernized kitchen and bar. Convenient additional storage can be found in the upstairs bedroom. This property delivers fully furnished including indoor and outdoor furnishings. Not currently in a rental program for 2023, but was an excellent rental in the recent past grossing $49,727.29 in rental income in 2022. El Capitan is professionally managed by Mann Properties and features an outdoor pool, elevator, and off street parking (1 spot unassigned). The location is ideal offering close proximity to not only the boardwalk, but also Sunset Park and several popular shops and restaurants. Schedule an appointment to see this property today! Seller to participate in a 1031 tax deferred exchange at no cost to buyer.
Full Property Details
Full Property Details for 401 Atlantic Ave #402
General
- Sold For: $575,000
- Taxes: $5,599 (2023)
- Status: Closed
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: MDWO2012364
- Added to Site: 1, 068 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Primary Bath(s), Tub Shower, Window Treatments
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Dispenser, Water Heater, Icemaker
- Furnished: Yes
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Upper: 1
- Bedrooms Main & Up: 1
Other Rooms
- Laundry: Washer In Unit, Dryer In Unit
Additional Information
- Shared Amenities: Common Grounds, Elevator, Pool - Outdoor, Storage Bin
- Shared Pool: Yes
- Pool: Yes
- Security/Safety: Smoke Detector
Exterior
- Exterior Features: Street Lights
- Porch/Patio/Deck: Balconies- Multiple
Parking
- Total Spaces: 1
- Parking Features: Paved Parking, Unassigned
- Parking Type: Off Street
Location
- Area: Direct Oceanfront (80)
- Municipality: Ocean City
- County: Worcester
- Development Name: None Available
- Subdivision: None Available
- Building Name: El Capitan
- Driving Directions: Coastal Hwy South, Left on 4th Street, Building located Direct Oceanfront
- Direction Faces: South
- Location Details: Oceanfront
- City Limits: Yes
School Information
- School District: Worcester County Public Schools
Community
- Assoc. Fees Include: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds
- Pets Allowed: Yes
- Pets: Dogs OK, Cats OK
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Ceiling Fan(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available
Structural Information
- Architectural Info: Split Level
- Architectural Style: Split Level
- Structure Type: Mid-Rise 5 - 8 Floors
- Construction: Concrete
- Roof: Flat
- Common Walls: 2+ Common Walls
- Walls/Ceilings: Dry Wall, Masonry
- Doors: Six Panel, Sliding Glass
- Entry Floor Number: 4
- Stories/Levels: 0
- Stories Description: Lower 1, Main, Upper 1
- Square Feet: 914
- Sq. Ft. Source: Assessor
- Living Area: 914 Sq. Ft.
- Year Built: 1974
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- Unit Floor in Bldg.: 2
Lot Features
- Property View: Bay, City, Ocean, Panoramic
- Lot Dimensions: 0.00 x 0.00
- Zoning: R-3
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $656.35
- Assessment Year: 2023
- City/TownTax: $1,797
- City/TownTax Freq: Annually
- County Tax: $3,357
- County Tax Freq: Annually
- Tax w/Assessment: $400,300
- Tax Amount: $5,599
- Tax Year: 2023
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 914
Disclosures and Reports
- Ownership: Fee Simple
- Condo: Yes
- Exclusions: Personal Items
- Inclusions: Fully Furnished
- Lot Number: 402
Listed and Sold by Keller Williams Realty Delmarva, Jonathan M Barker and Keller Williams Realty Delmarva, Grant K Fritschle
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Schools
Schools serving 401 Atlantic Ave #402
School District:Worcester County Public Schools
| Name | Grades | Distance |
|---|---|---|
Ocean City Elementary School 12828 Center Drive, Ocean City, MD 21842 | PK-4 | 1.8 mi |
Berlin Intermediate School 309 Franklin Avenue, Berlin, MD 21811 | 4-6 | 6.8 mi |
Stephen Decatur Middle School, Berlin, MD 9815 Seahawk Road, Berlin, MD 21811 | 7-8 | 5.7 mi |
Stephen Decatur High School 9913 Seahawk Road, Berlin, MD 21811 | 9-12 | 5.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 Atlantic Ave #402
Date
Details
Price
Change
Source
5/22/2023
Sold
$575,000
-4.15%
MLS
2/15/2023
Listed
$599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
401 Atlantic Avenue #402, Ocean City, MD 21842 (MLS# MDWO2012364) is a Condo property that was sold at $575,000 on May 22, 2023. Want to learn more about 401 Atlantic Avenue #402? Do you have questions about finding other Condo real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.

