51
Map
$412,000
●
Condo -
Off Market
119 OLD LANDING RD #106E5
OCEAN CITY, MD 21842
2 Beds
2 Baths
974 Ft²
$2,082
Est. Monthly
About This Property
Amazing waterfront view at an affordable price! Located in the "E"
building, facing west, this highly sought location offers
unobstructed wetland and bay views! This furnished, 2 bedroom, 2
bath condo features a huge, covered porch offering endless outdoor
space, panoramic wetland & bay view. Lots of wildlife and
unforgettable sunsets and full moons! Sold furnished. The
living area offers a large, open floor plan with an abundance of
natural light and incredible views. There is also a working wood
burning fireplace for those chilly fall evenings. And the
convenience of a washer and dryer in the home. "Our Place at the
Beach" has beautiful open spaces that will make you feel you are in
a secluded neighborhood rather than a typical condo. Large
community pool for your summer enjoyment. And easy access to white
sandy public beaches just 2 short blocks away. This condo is a
fantastic investment as well. Very desirable rental. Schedule your
showing today!
Unit Size
974 Ft²
Days on Market
33 days
Land Size
-
Price per sqft
$435
Property Type
Condo
Property Taxes
$223
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Bright MLS #MDWO2023114)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2024 | Sold | ||
| Sold | |||
| Sep 9, 2024 | In contract | - | |
| In contract | |||
| Sep 3, 2024 | Listed by Cook Real Estate Brokerage | $424,000 | |
| Listed by Cook Real Estate Brokerage | |||
| Jan 25, 1991 | Sold to Anthony P Ellis, Lisa A Ellis | ||
| Sold to Anthony P Ellis, Lisa A Ellis | |||
| May 15, 1987 | Sold to Leah Berne | ||
| Sold to Leah Berne | |||
Property Highlights
Parking Available
Elevator
Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Lot
Interior Details
Bedrooms on Main Level: 2
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Oven/Range - Electric, Refrigerator, Washer, Washer - Front Loading, Water Heater
Living Area Square Feet Source: Assessor
Has Fireplace
Wood
Fireplaces: 1
Exterior Details
Property Manager Present
Ownership Interest: Fee Simple
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Roof: Flat
Structure Type: Unit/Flat/Apartment
Construction Materials: Modular/Manufactured, Stick Built
Unit Building Type: Garden 1 - 4 Floors
Building Name: Our Place At The Beach
Community Pool
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Assessed Value: $0
Finished Square Feet: 974
Finished Square Feet Source: Assessor
Financial Details
County Tax: $1,605
County Tax Payment Frequency: Annually
City Town Tax: $859
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $0
Tax Year: 2024
Tax Annual Amount: $2,677
Year Assessed: 2024
Utilities Details
Central Air
Cooling Type: Central A/C, Ceiling Fan(s)
Heating Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Insurance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash
HOA/Condo/Coop Amenities: Common Grounds, Pool - Outdoor
Condo/Coop Fee: $388
Washer/Dryer/Hook Up in Unit: Yes
119 OLD LANDING RD #106E5, OCEAN CITY, MD, 21842
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
2
Beds
2
Baths
1,092 ft²
$378/ft²
$412,500
May 16, 2024
$412,500
Aug 16, 2024
-
Condo
2
Beds
2
Baths
974 ft²
$390/ft²
$380,000
Nov 15, 2023
$380,000
Jan 8, 2024
-
Condo
2
Beds
2
Baths
1,092 ft²
$389/ft²
$425,000
Feb 16, 2024
$425,000
Mar 22, 2024
-
Condo
2
Beds
2
Baths
974 ft²
$354/ft²
$345,000
Sep 29, 2023
$345,000
Nov 17, 2023
-
Condo
2
Beds
2
Baths
1,092 ft²
$339/ft²
$369,900
Oct 30, 2023
$369,900
Nov 30, 2023
-
Condo
2
Beds
2
Baths
1,092 ft²
$366/ft²
$400,000
Sep 20, 2023
$400,000
Oct 27, 2023
-
Active
Condo
2
Beds
2
Baths
974 ft²
$359/ft²
$350,000
Aug 12, 2024
-
$730/mo
In Contract
Condo
2
Beds
2
Baths
1,092 ft²
$412/ft²
$450,000
Aug 29, 2024
-
-
Active
Condo
2
Beds
2
Baths
1,120 ft²
$399/ft²
$447,000
Feb 24, 2024
-
-
Active
Condo
2
Beds
2
Baths
1,120 ft²
$428/ft²
$479,900
Sep 7, 2024
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/06/2024
|
2 Bed
|
2 Bath
|
974 ft²
|
$385,000
2 Bed
2 Bath
974 ft²
|
$385,000
12/06/2024
|
-
|
Lauren Smith
Keller Williams Realty
| |
|
09/03/2024
|
2 Bed
|
2 Bath
|
974 ft²
|
$424,000
2 Bed
2 Bath
974 ft²
|
$412,000
-2.83%
10/11/2024
|
-
|
Frank Livingston
Cook Real Estate Brokerage
| |
|
08/29/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$450,000
2 Bed
2 Bath
1092 ft²
|
$440,000
-2.22%
10/21/2024
|
-
|
Mia McCarthy
Keller Williams Realty Delmarva
| |
|
05/16/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$425,000
2 Bed
2 Bath
1092 ft²
|
$412,500
-2.94%
08/16/2024
|
-
|
Mia McCarthy
Keller Williams Realty Delmarva
| |
|
03/07/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$410,000
2 Bed
2 Bath
1092 ft²
|
$410,000
04/19/2024
|
-
|
Anthony Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
| |
|
02/16/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$435,000
2 Bed
2 Bath
1092 ft²
|
$425,000
-2.30%
03/22/2024
|
-
|
Megan Salsbury
Coastal Life Realty Group LLC
| |
|
11/15/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$379,900
2 Bed
2 Bath
974 ft²
|
$380,000
+0.03%
01/08/2024
|
-
|
James Wilson
Wright Real Estate, LLC
| |
|
10/30/2023
|
2 Bed
|
2 Bath
|
1092 ft²
|
$369,900
2 Bed
2 Bath
1092 ft²
|
$369,900
11/30/2023
|
-
|
Wayne Phillips
Coastal Life Realty Group
| |
|
10/27/2023
| |
2 Bed
|
2 Bath
|
-
|
$345,000
2 Bed
2 Bath
|
-
-
|
-
|
Mary McCracken
Ocean City MD
|
|
10/27/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$345,000
2 Bed
2 Bath
974 ft²
|
$345,000
02/19/2024
|
-
|
Mary McCracken
Ocean City MD
| |
|
09/29/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$365,000
2 Bed
2 Bath
974 ft²
|
$345,000
-5.48%
11/17/2023
|
-
|
Salvatore Scuto
RE/MAX Solutions
| |
|
09/20/2023
|
2 Bed
|
2 Bath
|
1092 ft²
|
$450,000
2 Bed
2 Bath
1092 ft²
|
$400,000
-11.11%
10/27/2023
|
-
|
Wayne Phillips
Coastal Life Realty Group
| |
|
04/12/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$275,000
2 Bed
2 Bath
974 ft²
|
$300,000
+9.09%
05/10/2023
|
Joan Eisenhardt
CENTURY 21 The Real Estate Centre
| ||
|
04/15/2023
|
2 Bed
|
2 Bath
|
1144 ft²
|
$449,900
2 Bed
2 Bath
1144 ft²
|
$450,000
+0.02%
05/29/2023
|
-
|
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
| |
|
03/15/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$375,000
2 Bed
2 Bath
974 ft²
|
$373,000
-0.53%
04/21/2023
|
-
|
Grace Masten
Sea Grace @ North Beach Realtors
| |
|
01/27/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$399,900
2 Bed
2 Bath
974 ft²
|
$400,000
+0.03%
03/17/2023
|
-
|
Michele Pompa
Coldwell Banker Realty
| |
|
03/31/2022
| |
2 Bed
|
2 Bath
|
-
|
$350,000
2 Bed
2 Bath
|
-
-
|
-
|
Annie Buxbaum
Northrop - Fenwick Island
|
|
11/17/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$329,000
2 Bed
2 Bath
974 ft²
|
$329,000
01/14/2023
|
-
|
Nancy Kalin
Long & Foster Real Estate, Inc.
| |
|
09/02/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$340,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
DAVE LEIDERMAN
Keller Williams Realty
| |
|
09/01/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$389,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Cindy Poremski
Berkshire Hathaway HomeServices PenFed Realty - OP
| |
|
07/23/2022
|
3 Bed
|
2 Bath
|
974 ft²
|
$450,000
3 Bed
2 Bath
974 ft²
|
$373,000
-17.11%
04/24/2023
|
Grace Masten
Sea Grace @ North Beach Realtors
| ||
|
05/26/2022
|
2 Bed
|
2 Bath
|
1092 ft²
|
$425,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
-
|
Katie Quinn
Berkshire Hathaway HomeService PenFed Realty - WOC
| |
|
04/11/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$309,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
DAVE LEIDERMAN
Keller Williams Realty
| |
|
03/11/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$325,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Ryan Haley
Atlantic Shores Sotheby's International Realty
| |
|
03/04/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$344,900
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Kelly Neal
R.E. Shilow Realty Investors, Inc.
| |
|
02/12/2022
|
2 Bed
|
2 Bath
|
1144 ft²
|
$425,000
2 Bed
2 Bath
1144 ft²
|
-
-
|
-
|
DAVE LEIDERMAN
Keller Williams Realty
| |
|
01/07/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$279,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Colleen Cawley
Cummings & Co. Realtors
| |
|
10/15/2021
|
2 Bed
|
2 Bath
|
974 ft²
|
$285,000
2 Bed
2 Bath
974 ft²
|
$290,500
+1.93%
11/30/2021
|
Mrs. Kimberly M Dixson
Redfin Corp
| ||
|
07/24/2021
| |
2 Bed
|
2 Bath
|
-
|
$279,888
2 Bed
2 Bath
|
-
-
|
-
|
Eileen F Bumba
Greenspring Valley Lutherville
|
|
11/24/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$244,900
2 Bed
2 Bath
974 ft²
|
$225,000
-8.13%
01/14/2021
|
Cindy Poremski
| ||
|
10/22/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$220,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
| |
|
10/16/2020
| |
2 Bed
|
2 Bath
|
-
|
$234,900
2 Bed
2 Bath
|
-
-
|
-
|
-
|
|
09/30/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$304,900
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
| |
|
07/14/2020
|
2 Bed
|
2 Bath
|
1144 ft²
|
$294,900
2 Bed
2 Bath
1144 ft²
|
-
-
|
-
|
-
| |
|
06/27/2020
|
2 Bed
|
2 Bath
|
1144 ft²
|
$314,000
2 Bed
2 Bath
1144 ft²
|
$294,900
-6.08%
11/20/2020
|
Shierra Houston
| ||
|
05/22/2020
|
2 Bed
|
2 Bath
|
1092 ft²
|
$289,900
2 Bed
2 Bath
1092 ft²
|
$289,900
07/23/2020
|
DAVE LEIDERMAN
| ||
|
04/17/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$215,000
2 Bed
2 Bath
974 ft²
|
$210,000
-2.33%
06/29/2020
|
-
|
William Bjorkland
Coldwell Banker Realty
| |
|
02/28/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$245,000
2 Bed
2 Bath
974 ft²
|
$238,000
-2.86%
07/29/2020
|
Katie Quinn
| ||
|
10/17/2019
| |
Loft
|
2 Bath
|
1144 ft²
|
$279,000
Loft
2 Bath
1144 ft²
|
-
-
|
-
|
Mary Rice
Engel & Volkers Ocean City
|
|
10/17/2019
|
2 Bed
|
2 Bath
|
1144 ft²
|
$279,000
2 Bed
2 Bath
1144 ft²
|
-
-
|
-
|
-
| |
|
04/19/2019
|
2 Bed
|
2 Bath
|
974 ft²
|
$249,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
| |
|
04/16/2019
|
2 Bed
|
2 Bath
|
974 ft²
|
$225,000
2 Bed
2 Bath
974 ft²
|
$200,000
-11.11%
09/30/2019
|
Melissa Murray
| ||
|
03/30/2019
|
2 Bed
|
2 Bath
|
974 ft²
|
$274,900
2 Bed
2 Bath
974 ft²
|
$260,000
-5.42%
06/26/2019
|
DAYNA FEHER
| ||
|
09/21/2018
|
2 Bed
|
2 Bath
|
974 ft²
|
-
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
| |
|
01/27/2019
|
2 Bed
|
2 Bath
|
974 ft²
|
$249,900
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
| |
|
01/09/2019
|
2 Bed
|
2 Bath
|
974 ft²
|
$224,900
2 Bed
2 Bath
974 ft²
|
$207,500
-7.74%
07/09/2019
|
Erik Brubaker
| ||
|
05/16/2018
| |
2 Bed
|
2 Bath
|
974 ft²
|
-
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
|
|
04/30/2018
|
2 Bed
|
2 Bath
|
974 ft²
|
-
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
974 ft²
|
-
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
|
Building Info
119 Old Landing Road
119 Old Landing Road, Ocean City, MD 21842
- 2 Units for Sale
About Ocean City
Similar Homes for Sale
$479,900
- 2 Beds
- 2 Baths
- 1,120 ft²
$447,000
- 2 Beds
- 2 Baths
- 1,120 ft²
Nearby Rentals
Listed by: Frank Livingston
Cook Real Estate Brokerage
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDWO2023114
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Cook Real Estate Brokerage
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDWO2023114
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
