5 48th Street

5 48th Street in Ocean City, MD was first built in 1966 and is 58 years old. This has been categorized as a residential property type. There are a total of 3 floors. 5 48th Street has 3,192 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 6,000 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of unknown. As for heating, the home is utilizing a heat pump. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5 48th Street was last sold in Jun 15, 2020 for $849,900. According to our calculations, that's $266.26 per sqft. Prior to that sales transaction, the property was sold for $701,000 in Sep 1, 2016. Current property owners are expected to pay $10,774 in taxes per year. The property on 5 48th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $764,300. To break that down further, the land itself was valued at $510,000. While improvements to the property were assessed at a total of $254,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.