1
Map
$250,000
●
Condo -
Off Market
4000 COASTAL HWY #314
OCEAN CITY, MD 21842
1 Bed
1 Bath
616 Ft²
$1,277
Est. Monthly
About This Property
Welcome to Ocean Point II #314, where coastal living meets
convenience! This 1-bedroom, 1-bathroom condo is located in midtown
Ocean City, a short distance from the beach, shops, restaurants,
the Convention Center, and other popular attractions, Ocean Point
II ensures you're at the center of it all! Step inside to discover
an open kitchen overlooking the living room. Perfect for both
entertaining and everyday living. The front deck, facing the bay,
is your oasis to unwind after a day of Ocean City adventures.
Whether you seek a permanent residence or a vacation getaway, this
condo at Ocean Point II offers the perfect opportunity to enjoy the
beach lifestyle!
Unit Size
616 Ft²
Days on Market
14 days
Land Size
-
Price per sqft
$422
Property Type
Condo
Property Taxes
$173
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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: 6 months ago (Bright MLS #MDWO2019354)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Relisted | $260,000 | |
| Relisted | |||
| Aug 5, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | Listed by Keller Williams Select Realtors | $260,000 | |
| Listed by Keller Williams Select Realtors | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Parking Features: Off Street
Interior Details
Bedrooms on Main Level: 1
Interior Features: Carpet, Floor Plan - Open
Appliances: Dishwasher, Dryer, Disposal, Exhaust Fan, Refrigerator, Stove, Washer
Flooring Type: Carpet
Living Area Square Feet Source: Assessor
Exterior Details
Ownership Interest: Condominium
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Other
Unit Building Type: Garden 1 - 4 Floors
Building Name: Ocean Point II
No Pool
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Assessed Value: $147,967
Finished Square Feet: 616
Finished Square Feet Source: Assessor
Financial Details
County Tax: $1,250
County Tax Payment Frequency: Annually
City Town Tax: $654
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $147,967
Tax Year: 2024
Tax Annual Amount: $2,071
Year Assessed: 2024
Utilities Details
Central Air
Cooling Type: Central A/C
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: Ext Bldg Maint, Trash
HOA/Condo/Coop Amenities: Other
Condo/Coop Fee: $800
Washer/Dryer/Hook Up in Unit: Yes
4000 COASTAL HWY #314, 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
Sold
Condo
1
Bed
1
Bath
616 ft²
$471/ft²
$290,000
Apr 11, 2024
$290,000
May 16, 2024
-
Condo
1
Bed
1
Bath
616 ft²
$443/ft²
$273,000
Jan 18, 2024
$273,000
Apr 8, 2024
-
Sold
Condo
1
Bed
1
Bath
616 ft²
$406/ft²
$250,000
May 27, 2024
$250,000
Sep 18, 2024
-
Sold
Condo
1
Bed
1
Bath
616 ft²
$467/ft²
$287,500
Aug 13, 2024
$287,500
Sep 30, 2024
-
Sold
Condo
1
Bed
1
Bath
588 ft²
$417/ft²
$245,000
Sep 28, 2023
$245,000
Apr 12, 2024
-
Condo
1
Bed
1
Bath
616 ft²
$422/ft²
$260,000
Mar 24, 2023
$260,000
Jun 26, 2023
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
03/01/2024
|
1 Bed
|
1 Bath
|
616 ft²
|
$260,000
1 Bed
1 Bath
616 ft²
|
$250,000
-3.85%
11/08/2024
|
-
|
Sharon Daugherty
Keller Williams Realty Delmarva
| |
|
01/18/2024
|
1 Bed
|
1 Bath
|
616 ft²
|
$280,000
1 Bed
1 Bath
616 ft²
|
$273,000
-2.50%
04/08/2024
|
-
|
Dustin Oldfather
Compass
| |
|
03/24/2023
|
1 Bed
|
1 Bath
|
616 ft²
|
$265,000
1 Bed
1 Bath
616 ft²
|
$260,000
-1.89%
06/26/2023
|
-
|
Theresa Diefendorf
Keller Williams Realty Delmarva
| |
|
03/13/2023
|
1 Bed
|
1 Bath
|
616 ft²
|
$265,995
1 Bed
1 Bath
616 ft²
|
$260,000
-2.25%
04/18/2023
|
-
|
Zackary Keenan
Keller Williams Realty
| |
|
08/20/2022
|
1 Bed
|
1 Bath
|
616 ft²
|
$229,900
1 Bed
1 Bath
616 ft²
|
-
-
|
-
|
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
| |
|
03/18/2022
|
1 Bed
|
1 Bath
|
616 ft²
|
$220,000
1 Bed
1 Bath
616 ft²
|
$215,000
-2.27%
04/29/2022
|
Marlene Ott
Berkshire Hathaway HomeServices PenFed Realty - OP
| ||
|
11/04/2020
|
1 Bed
|
1 Bath
|
616 ft²
|
$179,900
1 Bed
1 Bath
616 ft²
|
-
-
|
-
|
-
|
Building Info
4000 Coastal Highway
4000 Coastal Highway, Ocean City, MD 21842
- 3 Units for Sale
About Ocean City
Similar Homes for Sale
Nearby Rentals
Listed by: Sharon Daugherty
Keller Williams Select Realtors
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDWO2019354
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.
Keller Williams Select Realtors
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDWO2019354
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
