$2,300,000
●
House -
Off Market
12955 HARBOR RD
OCEAN CITY, MD 21842
4 Beds
5 Baths,
1
Half Bath
2,316 Ft²
$11,760
Est. Monthly
About This Property
First time offered on the market, this beautiful custom built
waterfront coastal style home. Enjoy views of the Bay, Ocean
and Assateague Island from the waterside of the house.
Located in highly sought after West Ocean City, within
walking distance to the marinas, restaurants, beach, and the
Fishing Center. This home features 4 beds (2 primary suites
(1st and 2nd floor), 4 1/2 baths, hardwood floors, granite
countertops, gourmet kitchen, full balconies on both levels
waterside, rip rapped shoreline, 1 deeded boat slip with lift,
access to dock, 2 car garage, ground level bathroom, and workshop.
Embrace the best Ocean City has to offer by owning this
amazing home. Call today for your own private tour. All
showings will need to be approved by seller, and will require
proof of funds or ability to purchase from buyer prior to showings.
Unit Size
2,316 Ft²
Days on Market
38 days
Land Size
0.13 acres
Price per sqft
$1,034
Property Type
House
Property Taxes
$819
HOA Dues
-
Year Built
2003
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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: 3 years ago (Bright MLS #MDWO2019738)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Jul 28, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Price Decreased |
$2,395,000
↓ $200K
(7.7%) | |
| Price Decreased | |||
| Mar 19, 2024 | Listed by Meredith Fine Properties | $2,595,000 | |
| Listed by Meredith Fine Properties | |||
| Dec 19, 2000 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About West Ocean City
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Listed by: Jana Meredith
Meredith Fine Properties
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# MDWO2019738
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Meredith Fine Properties
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# MDWO2019738
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