405 Philadelphia Ave #25

Ocean City, MD 21842 View Map $300,000 Ask a Question
Beds2
Baths1
Sq.Ft.456
Year1940
Real Estate in Ocean City Maryland and surrounding areas. Photo 1
Real Estate in Ocean City Maryland and surrounding areas. Map
Deeley Chester

Deeley Chester

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Tom Ford

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Status: Sold
Property Type:Detached
MLS #:MDWO2017684
Sq. Feet:456
Date Sold:2/22/2024
County:Worcester
Monthly HOA:$619

Listing Office

Office:Berkshire Hathaway Homeservices Penfed Realty-Woc
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!

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
1/11/2024$319,900$315,000-1.5%
2/23/2024$315,000$300,000-4.8%

Community Information

Address:405 Philadelphia Ave #25, Ocean City, MD 21842
Area:Bayside Interior (83)
County:Worcester
School District:Worcester County Public Schools
Subdivision:Hitchens & Trimper
Zip Code:21842
Neighborhood:HITCHENS & TRIMPER
Building:Parrot Bay

Architecture

Unit Number:#25
Bedrooms: 2
Bathrooms: 1
Year Built:1940
Stories:1
Style:Cottage
Construction: Stick Built
Foundation: Crawl Space

Features / Amenities

Main Level Bedrooms: 2
Entry Level: 1
Community Amenities: Laundry Facilities, Pool - Outdoor
Sub Structure Types: Above Grade, Below Grade
Cooling: Ductless/Mini-Split
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric

Square Footage

Finished Sq. Ft.
Above Grade 456
Below Grade 0
Total 456

Property Features

Lot Dimensions:0.00 x 0.00
Parking Types: Off Street
Parking Included In List Price: No
Off Street Parking - # of Spaces: 1
Sewer: Public Sewer
Water: Public
Municipality: Ocean City
Zoning:R3
Directions:Between 4th & 5th St across from post office

Tax and Financial Info

Total Taxes: $1,221 (paid Annually)
Tax Year: 2023
New Financing: Cash
Ownership Type: Condominium
Homeowners' Assoc.: No
City Tax Rate: $391.00 (Annually)
County Tax Rate: $732.00 (Annually)
Condo Coop Fee: $619.00 (Monthly)
Acceptable Financing: Conventional, Cash
Association Fee Includes: Common Area Maintenance, Insurance, Management, Pool(s)

Schools

WALKING AND TRANSPORTATION

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Listing Information Last Updated 2/29/2024
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