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508 Edgewater Avenue, Ocean City, MD 21842
$940,000
508 Edgewater Avenue, Ocean City, MD 21842View this property at 508 Edgewater Avenue, Ocean City, MD 21842
508 Edgewater AvenueOcean CityMD21842
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Property Description
508 Edgewater Avenue, Ocean City, MD. Unique Investment Property. 3 Apartments, 6 bedrooms, 4 baths. Welcome to an extremely desirable vacation rental/investment property in downtown Ocean City. This charming property has 3 apartments, a fantastic downtown Ocean City location, in a tranquil bayside neighborhood less than 100 feet from the bay. The property has a long history of short-term and long-term rental revenue. It has no HOA. Apartment #1, 1 st floor, is approximately 550 sq ft. It sleeps 4 and features 1 bedroom, 1 full bath, full kitchen, washer/dryer, and a spacious living area with picture window. Apartment #2, 1 st floor, is approximately 1,000 sq ft. It sleeps 6 and features 2 bedrooms, 1 full bath, full kitchen, washer/dryer, and a large, covered porch. Apartment #3, 2 nd floor, is approximately 1,700 sq ft. It sleeps additional persons due the oversized bedrooms and features 3 bedrooms, 2 full baths, full kitchen, separate washer/dryer, a very large living area, and a very large wrap-around sun deck. Step inside any of the 3 apartments and experience Ocean City charm. The spacious living areas in each apartment boast a stylish and comfortable atmosphere, feature practical seating, and beachy décor. Each fully equipped kitchen offers modern appliances and ample counter space for preparing meals. Parking is available for 4 cars. A public paid parking lot is close by. This exceptional property is a short distance to entertainment, pubs, shopping, beach, fabulous boardwalk, amusements, rides, and food. Located between 3rd and 4th streets (2 blocks away), the Ocean City Downtown Recreation Complex offers a lighted multipurpose ballfield, and a small ballfield appropriate for youth softball games, as well as a playground area. The complex also has basketball hoops and two hard tennis courts. The Ocean Bowl Skate Park is adjacent to the complex. Sold fully furnished.
Full Property Details
Full Property Details for 508 Edgewater Ave
General
- Sold For: $940,000
- Taxes: $8,121 (2022)
- Status: Closed
- Type: Triplex
- MLS ID: MDWO2015792
- Added to Site: 270 day(s) ago
Interior
- Number of Rooms: 14
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Dual Flush Toilets, Microwave, Oven - Double, Oven - Self Cleaning, Refrigerator, Stove, Washer, Washer - Front Loading, Washer/Dryer Stacked, Water Heater
- Flooring: Bamboo, Carpet, Ceramic Tile, Hardwood, Laminated
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector
Exterior
- Exterior Features: Awning(s), Outbuilding(s), Outside Shower, Secure Storage
- Porch/Patio/Deck: Balconies- Multiple, Deck(s), Porch(es)
Parking
- Parking Features: Concrete Driveway
- Parking Type: Driveway, Off Site, Off Street, On Street
Location
- Area: Bayside Interior (83)
- Municipality: Ocean City
- County: Worcester
- Building Name: NONE AVAILABLE
- Driving Directions: Edgewater Ave between 5th and 6th Streets bayside.
- Location Details: Bayblock
- City Limits: Yes
School Information
- School District: Worcester County Public Schools
- High School: Stephen Decatur
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Multi Units
- Cooling Fuel: Electric
- Heating Type: Forced Air, Other
- Heating Fuel: Natural Gas
- Water Heater: Multi-tank, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Structural Information
- Architectural Info: Coastal
- Architectural Style: Coastal
- Structure Type: Detached
- Construction: Asbestos, Copper Plumbing, CPVC/PVC, Mixed Plumbing, Shingle Siding, Stick Built
- Foundation: Crawl Space, Block
- Roof: Asbestos Shingle
- Walls/Ceilings: 9'+ Ceilings, Cathedral Ceilings, Dry Wall, Paneled W
- Doors: Six Panel, Insulated, Sliding Glass, Storm
- Stories/Levels: 2
- Square Feet: 3,294
- Sq. Ft. Source: Assessor
- Living Area: 3,294 Sq. Ft.
- Year Built: 1960
- Year Built Source: Assessor
Unit Information
- 1 Bedroom Units: 3
- 2 Bedroom Units: 2
- 3 Bedroom Units: 1
Lot Features
- Property View: Bay, Water
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,000
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Street/Road Desc.: Black Top
- Lot Features: Cleared, Corner, Rear Yard
- Zoning: R-2
- Lot Description: Cleared, Corner, Rear Yard
Water Features
- Water View: Yes
- Water Front Type: Bay
Financial Considerations
- Price Per Sq. Ft.: $280.81
- Assessment Year: 2023
- City/TownTax: $2,607
- City/TownTax Freq: Annually
- County Tax: $4,868
- County Tax Freq: Annually
- Tax w/Assessment: $586,867
- Tax Amount: $8,121
- Tax Year: 2022
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 3294
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Exclusions: Specific memories jar and laminated card in each property.
- Lot Number: I
Listed and Sold by Berkshire Hathaway HomeServices PenFed Realty, Mechelle Nichols
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Schools
Schools serving 508 Edgewater Ave
School District:Worcester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 1.3 mi | |
309 Franklin Ave, Berlin, MD 21811 | PK-4 | 6.8 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 5.6 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 508 Edgewater Ave
Date
Details
Price
Change
Source
11/30/2023
Sold
$940,000
1.62%
MLS
8/16/2023
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
508 Edgewater Avenue, Ocean City, MD 21842 (MLS# MDWO2015792) is a Triplex property that was sold at $940,000 on November 30, 2023. Want to learn more about 508 Edgewater Avenue? Do you have questions about finding other Triplex 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.