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405 Philadelphia Avenue #25, Ocean City, MD 21842
$300,000
405 Philadelphia Avenue #25, Ocean City, MD 21842View this property at 405 Philadelphia Avenue #25, Ocean City, MD 21842
405 Philadelphia Avenue #25Ocean CityMD21842
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Property Description
Downtown coastal cottage in the heartbeat of OC! This modern & updated detached home is the absolute dream low maintenance vacation property &/or investment opportunity. This charming pad is incredibly unique to downtown, only 2 two blocks to the beach/boardwalk action and literally next door to the gorgeous new downtown park with free basketball courts, tennis & pickle ball courts, skatepark, playground & picnic area all while overlooking the gorgeous sunsets over the open bay! Recent updates include 3 LG ductless heat & air system, SS appliances, newer shingle roof, tile shower w/ bluetooth speaker, exterior storage shed and new deck & slider. Property also conveys fully furnished, has an electric fireplace, parking pass, onsite laundry, in season security, outdoor shower & yes access to the community pool! (Per management) Engineer report clean & unlike most "condos" in OC this unit is only responsible to mainatain reserves for their home & limited common areas, not the other units/buildings within community, what a bonus considering the updates already in place! Fees are only temporarily raised to build the reserves according to new Maryland law, reserves will be plentiful & any future updates for this cottage will come from that fund. Community is professionaly maintained & managed. Yes, this is the affordable investment property in OC you have been waiting for!
Full Property Details
Full Property Details for 405 Philadelphia Ave #25
General
- Sold For: $300,000
- Taxes: $1,221 (2023)
- Status: Closed
- Type: Single Family
- MLS ID: MDWO2017684
- Added to Site: 152 day(s) ago
Interior
- Furnished: Yes
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main & Up: 2
Additional Information
- Shared Amenities: Laundry Facilities, Pool - Outdoor
- Shared Pool: Yes
- Pool: Yes
Parking
- Total Spaces: 1
- Parking Type: Off Street
Location
- Area: Bayside Interior (83)
- Municipality: Ocean City
- County: Worcester
- Development Name: HITCHENS & TRIMPER
- Subdivision: HITCHENS & TRIMPER
- Building Name: Parrot Bay
- Driving Directions: Between 4th & 5th St across from post office
- Direction Faces: North
- City Limits: Yes
School Information
- School District: Worcester County Public Schools
Community
- Assoc. Fees Include: Common Area Maintenance, Insurance, Management, Pool(s)
- Pets Allowed: Yes
- Pets: Dogs OK, Cats OK
Heating & Cooling
- Cooling Type: Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Cottage
- Architectural Style: Cottage
- Structure Type: Detached
- Construction: Stick Built
- Foundation: Crawl Space
- Entry Floor Number: 1
- Stories/Levels: 0
- Stories Description: Main
- Square Feet: 456
- Sq. Ft. Source: Assessor
- Living Area: 456 Sq. Ft.
- Year Built: 1940
- Year Built Source: Assessor
Lot Features
- Lot Dimensions: 0.00 x 0.00
- Zoning: R3
Financial Considerations
- Price Per Sq. Ft.: $690.79
- Assessment Year: 2023
- City/TownTax: $391
- City/TownTax Freq: Annually
- County Tax: $732
- County Tax Freq: Annually
- Tax w/Assessment: $86,600
- Tax Amount: $1,221
- Tax Year: 2023
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 456
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Condominium
- Condo: Yes
- Exclusions: No exclusions
- Inclusions: Fully furnished & equipped, no exclusions
- Lot Number: 25
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Schools
Schools serving 405 Philadelphia Ave #25
School District:Worcester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 1.4 mi | |
309 Franklin Ave, Berlin, MD 21811 | PK-4 | 6.9 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 5.7 mi | |
9913 Seahawk Rd, Berlin, MD 21811 | 9-12 | 5.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 405 Philadelphia Ave #25
Date
Details
Price
Change
Source
2/22/2024
Sold
$300,000
-4.76%
MLS
1/11/2024
Price Reduced
$315,000
-1.53%
MLS
12/01/2023
Listed
$319,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
405 Philadelphia Avenue #25, Ocean City, MD 21842 (MLS# MDWO2017684) is a Single Family property that was sold at $300,000 on February 22, 2024. This property was sold by Whitney Jarvis from our Ocean City 57th Office.Want to learn more about 405 Philadelphia Avenue #25? Do you have questions about finding other Single Family 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.