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Map
$549,900
↓ $15K (2.6%)
●
Condo -
For Sale
607 BAYSHORE DR #6
OCEAN CITY, MD 21842
2 Beds
3 Baths,
1
Half Bath
1248 Sqft
$2,701
Est. Monthly
About This Property
PRICE DROP!!!! Great opportunity to own a very spacious( 1300+_ sq
ft) town home with tremendous upgrades. 2 bedroom 2.5 bathrooms
with a large 3rd floor loft area (technically a 3rd bedroom just
can't label it as one) recently replaced bulkeding,
great southern exposure deck, deeded boat dock with lift
installed. Small private building at the end of a cul-de-sac. No
traffic. End unit with outside storage.
Unit Size
1,248Ft²
Days on Market
45 days
Land Size
-
Price per sqft
$441
Property Type
Condo
Property Taxes
$269
HOA Dues
-
Year Built
-
Listed By
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Cap Rate Calculator
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Income
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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.
You can learn more about cap rate here .
Last updated: 17 hours ago (Bright MLS #MDWO2022842)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2024 | Price Decreased |
$549,900
↓ $15K
(2.6%)
|
|
| Price Decreased | |||
| Sep 24, 2024 | Price Decreased |
$564,500
↓ $400
(0.1%)
|
|
| Price Decreased | |||
| Sep 16, 2024 | Price Decreased |
$564,900
↓ $10K
(1.8%)
|
|
| Price Decreased | |||
| Aug 28, 2024 | Listed by Coldwell Banker Bud Church Realty,Inc. | $575,000 | |
| Listed by Coldwell Banker Bud Church Realty,Inc. | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Off Street, Parking Lot
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms on 1st Upper Level: 2
Full Bathrooms on 1st Upper Level: 2
Interior Features: Carpet, Ceiling Fan(s), Combination Kitchen/Living, Family Room Off Kitchen, Floor Plan - Open, Recessed Lighting, Bathroom - Tub Shower, Window Treatments, Wood Floors
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Stove, Washer, Water Heater, Refrigerator
Flooring Type: Hardwood, Fully Carpeted
Living Area Square Feet Source: Assessor
Wall & Ceiling Types
Laundry Type: Dryer In Unit, Washer In Unit
Has Fireplace
Wood
Fireplaces: 1
Exterior Details
Ownership Interest: Fee Simple
Property Condition: Excellent
Year Built Source: Assessor
Foundation Details: Block
Other Structures: Above Grade, Below Grade
Roof: Asphalt
Structure Type: End of Row/Townhouse
Construction Materials: Brick, Stick Built
Building Name: South Vista II
Outdoor Living Structures: Deck(s), Balcony
No Pool
Lot Size Dimensions: 0.00 x 0.00
Lot Size Source: Estimated
Land Assessed Value: $230,833
Finished Square Feet: 1248
Finished Square Feet Source: Assessor
Financial Details
County Tax: $1,951
County Tax Payment Frequency: Annually
City Town Tax: $1,021
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $230,833
Tax Year: 2024
Tax Annual Amount: $3,231
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, Ext Bldg Maint, Lawn Maintenance, Pier/Dock Maintenance, Insurance
HOA/Condo/Coop Amenities: None
Condo/Coop Fee: $3,200
607 BAYSHORE DR #6, 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
2
Beds
3
Baths
1,224 ft²
$380/ft²
$465,000
Oct 29, 2022
$465,000
Feb 6, 2023
-
Condo
2
Beds
2
Baths
1,000 ft²
$500/ft²
$500,000
Feb 18, 2024
$500,000
Apr 5, 2024
-
Condo
3
Beds
4
Baths
1,086 ft²
$548/ft²
$595,000
Jan 11, 2024
$595,000
May 24, 2024
-
Condo
3
Beds
2
Baths
1,023 ft²
$435/ft²
$445,000
Apr 1, 2023
$445,000
Jun 15, 2023
-
Sold
Townhouse
2
Beds
2
Baths
1,172 ft²
$427/ft²
$499,900
May 10, 2024
$499,900
Jun 14, 2024
-
Sold
Condo
3
Beds
3
Baths
1,152 ft²
$399/ft²
$460,000
Aug 7, 2023
$460,000
Sep 8, 2023
-
In Contract
Condo
2
Beds
2
Baths
1,168 ft²
$462/ft²
$539,900
Aug 20, 2024
-
-
Active
Condo
3
Beds
3
Baths
1,185 ft²
$422/ft²
$499,899
Feb 15, 2024
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
02/14/2019
|
|
2 Bed
|
3 Bath
|
-
|
$250,000
2 Bed
3 Bath
|
-
-
|
-
|
-
|
Building Info
607 Bayshore Drive
607 Bayshore Drive, Ocean City, MD 21842
- 1 Unit for Sale
About Ocean City
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Listed by: Ken Church
Coldwell Banker Bud Church Realty,Inc.
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDWO2022842
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 Bud Church Realty,Inc.
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDWO2022842
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
