37
Map
$440,000
●
Condo -
For Sale
3801 ATLANTIC AVE #411
OCEAN CITY, MD 21842
1 Bed
2 Baths,
1
Half Bath
660 Ft²
$2,161
Est. Monthly
About This Property
Discover your private oasis in this 4th-floor Mid-town oceanfront
one-bedroom retreat. Wake up to the soothing sounds of the waves
and breathtaking views from your exclusive private balcony. This
gem boasts meticulous maintenance, ensuring comfort and enjoyment
at every turn. The unit features an updated Kitchen, Granite
countertops in both the kitchen & baths, new carpeting, newly
installed Hurricane Shutters, and a newer water heater. This
unit is not a rental however rentals are allowed in the building.
Low condo fee, no assessments. Settlement NOT to be before
Jan 10th, 2025,
Unit Size
660 Ft²
Days on Market
158 days
Land Size
-
Price per sqft
$667
Property Type
Condo
Property Taxes
$316
HOA Dues
-
Year Built
-
Listed By
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Income Per Year
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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: 11 days ago (Bright MLS #MDWO2026024)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2024 | Listed by Coldwell Banker Realty | $440,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Parking Available
Elevator
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on Main Level: 1
Flooring Type: Carpet, Ceramic Tile
Living Area Square Feet Source: Assessor
Laundry Type: Washer In Unit, Dryer In Unit
Exterior Details
Property Manager Present
Ownership Interest: Condominium
Property Condition: Very Good
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Block
Unit Building Type: Mid-Rise 5 - 8 Floors
Building Name: Diamond Beach
No Pool
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Assessed Value: $270,600
Finished Square Feet: 660
Finished Square Feet Source: Assessor
Financial Details
County Tax: $2,287
County Tax Payment Frequency: Annually
City Town Tax: $1,197
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $270,600
Tax Year: 2024
Tax Annual Amount: $3,787
Year Assessed: 2024
Utilities Details
Cooling Type: Multi Units
Heating Type: Baseboard - Electric
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, Management, Reserve Funds, Trash
HOA/Condo/Coop Amenities: Common Grounds, Elevator
Condo/Coop Fee: $810
Washer/Dryer/Hook Up in Unit: Yes
3801 ATLANTIC AVE #411, 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
1
Bed
2
Baths
660 ft²
$583/ft²
$385,000
Nov 3, 2023
$385,000
Mar 29, 2024
-
Condo
1
Bed
2
Baths
660 ft²
$644/ft²
$425,000
Mar 4, 2024
$425,000
Mar 25, 2024
-
Condo
2
Beds
2
Baths
992 ft²
$418/ft²
$415,000
May 4, 2023
$415,000
Jul 20, 2023
-
Sold
Condo
2
Beds
2
Baths
1,008 ft²
$475/ft²
$479,000
Apr 26, 2024
$479,000
Jul 12, 2024
-
Sold
Condo
2
Beds
2
Baths
1,022 ft²
$435/ft²
$445,000
May 16, 2023
$445,000
Jun 30, 2023
-
Sold
Condo
2
Beds
2
Baths
1,008 ft²
$427/ft²
$430,000
Nov 30, 2022
$430,000
Mar 3, 2023
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/01/2024
|
2 Bed
|
2 Bath
|
1096 ft²
|
$550,000
2 Bed
2 Bath
1096 ft²
|
$530,000
-3.64%
01/10/2025
|
-
|
ELIZABETH KAPP
Long & Foster Real Estate, Inc.
| |
|
05/03/2024
|
2 Bed
|
2 Bath
|
1096 ft²
|
$544,900
2 Bed
2 Bath
1096 ft²
|
$525,000
-3.65%
06/26/2024
|
-
|
Meghan Donovan
Atlantic Shores Sotheby's International Realty
| |
|
03/04/2024
|
1 Bed
|
2 Bath
|
660 ft²
|
$425,000
1 Bed
2 Bath
660 ft²
|
$425,000
03/25/2024
|
-
|
Joseph Wilson
Coastal Life Realty Group
| |
|
11/03/2023
|
1 Bed
|
2 Bath
|
660 ft²
|
$399,900
1 Bed
2 Bath
660 ft²
|
$385,000
-3.73%
03/29/2024
|
-
|
William Bjorkland
Coldwell Banker Realty
| |
|
05/11/2023
|
2 Bed
|
2 Bath
|
1096 ft²
|
$599,000
2 Bed
2 Bath
1096 ft²
|
$600,000
+0.17%
06/16/2023
|
-
|
Nicholas Bobenko
Coastal Life Realty Group
| |
|
05/04/2023
|
2 Bed
|
2 Bath
|
992 ft²
|
$479,900
2 Bed
2 Bath
992 ft²
|
$415,000
-13.52%
07/20/2023
|
-
|
Jamie Caine
Coldwell Banker Realty
| |
|
04/14/2023
|
2 Bed
|
2 Bath
|
1096 ft²
|
$569,900
2 Bed
2 Bath
1096 ft²
|
$562,000
-1.39%
05/19/2023
|
-
|
James Wilson
Wright Real Estate, LLC
| |
|
05/13/2022
|
1 Bed
|
2 Bath
|
660 ft²
|
$369,900
1 Bed
2 Bath
660 ft²
|
$375,000
+1.38%
06/23/2022
|
Meghan Donovan
Atlantic Shores Sotheby's International Realty
| ||
|
09/04/2021
|
2 Bed
|
2 Bath
|
992 ft²
|
$414,900
2 Bed
2 Bath
992 ft²
|
-
-
|
-
|
Ted Smith
Holiday Real Estate
| |
|
05/14/2020
| |
2 Bed
|
2 Bath
|
-
|
$420,000
2 Bed
2 Bath
|
-
-
|
-
|
-
|
|
04/15/2019
| |
1 Bed
|
2 Bath
|
-
|
$218,000
1 Bed
2 Bath
|
-
-
|
-
|
-
|
|
05/16/2018
| |
1 Bed
|
2 Bath
|
660 ft²
|
-
1 Bed
2 Bath
660 ft²
|
-
-
|
-
|
-
|
|
07/30/2017
| |
2 Bed
|
2 Bath
|
992 ft²
|
-
2 Bed
2 Bath
992 ft²
|
-
-
|
-
|
-
|
Building Info
3801 Atlantic Avenue
3801 Atlantic Avenue, Ocean City, MD 21842
- 2 Units for Sale
About Ocean City
Similar Homes for Sale
Nearby Rentals
Listed by: Kimberly Bounds
Coldwell Banker Realty
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDWO2026024
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.
Coldwell Banker Realty
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDWO2026024
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
