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Video
Map
$479,900
●
Condo -
For Sale
9307 CHESAPEAKE DR #B4902
OCEAN CITY, MD 21842
2 Beds
2 Baths,
1
Half Bath
1120 Sqft
$2,357
Est. Monthly
About This Property
A rare find, Welcome to Nassau Village 49 . Two bedroom 1 1/2
bath townhome bayside at 93rd street. Includes Private Boat slip,
HUGE POOL, recently upgraded and in PERFECT CONDITION! Short
stroll to the wide beach and Atlantic Ocean, restaurants, shopping,
Grocery store, night life, Art League, Basketball courts,
Playground for the kids, Great Dog Park. Ready to go with no
commitments for 2024-2025, no rental dates to honor. Would be a
great rental investment also. Nassau Village is a tight community
of owners who take pride in keeping Nassau Village a great place to
be. LOW CONDO FEES. Well managed with great reserves. Reserve study
completed with no special assessments. Pergo flooring
throughout, custom paint, sliding glass doors , newer
washer/dryer full size, new louver doors , new lighting throughout
, custom fireplace mantel, wainscoting downstairs and throughout
hallway upstairs, 3 ceiling fans, upgraded
downstairs 1/2 bath . Assigned parking in carport 1 1/2
spaces, one of the few communities with boat trailer parking lot.
TURN KEY, Locate on a WIDE CANAL South side of Nassau Village,
units on this side rarely come up for sale. Recent association
upgrades: New building siding, New railings, New composite decks
and stairs, New bulkheading, New wide docks, New roof In 2021 –
Deep Olympic size pool fully redone with all new concrete deck,
fencing, new Pergola lounging area, all new landscaping around pool
area. The Best of both worlds. Fish and Crab off the docks, Swim in
the HUGE NEW pool, a short trip up to the Beach, have lunch
on the Oceanfront. Come back, head out on your boat to the Ocean
City inlet in minutes. Close to public transportation making access
to anywhere in Ocean City a breeze. First floor boasts a large
open floor plan with Kitchen, tile back splash , stainless steel appliances, Family room, fireplace, out the back slider to your private deck and gate leading down to your private Deep water boat slip. Up the spiral staircase to the second floor you will find two large bedrooms with a Deck off the front side. Privacy walls give you peace to enjoy your afternoon sun. Be sure to click on the pink horn icon at the top of the listing for the TOUR AND VIDEO
open floor plan with Kitchen, tile back splash , stainless steel appliances, Family room, fireplace, out the back slider to your private deck and gate leading down to your private Deep water boat slip. Up the spiral staircase to the second floor you will find two large bedrooms with a Deck off the front side. Privacy walls give you peace to enjoy your afternoon sun. Be sure to click on the pink horn icon at the top of the listing for the TOUR AND VIDEO
Unit Size
1,120Ft²
Days on Market
31 days
Land Size
-
Price per sqft
$428
Property Type
Condo
Property Taxes
$305
HOA Dues
-
Year Built
1986
Listed By
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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: 18 days ago (Bright MLS #MDWO2023248)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2024 | Listed by Coldwell Banker Realty | $479,900 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
With View
Parking Details
Parking Features: Off Street, Parking Lot, Attached Carport
Attached Carport Spaces: 1
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on 1st Upper Level: 2
Full Bathrooms on 1st Upper Level: 1
Interior Features: Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Primary Bedroom - Bay Front, Recessed Lighting, Skylight(s), Spiral Staircase
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
Living Area Square Feet Source: Assessor
Laundry Type: Has Laundry, Dryer In Unit, Upper Floor, Washer In Unit
Has Fireplace
Fireplace - Glass Doors, Wood
Fireplaces: 1
Exterior Details
Property Manager Present
Ownership Interest: Condominium
Year Built Source: Assessor
Foundation Details: Concrete Perimeter, Brick/Mortar, Crawl Space
Other Structures: Above Grade, Below Grade
Roof: Architectural Shingle
Structure Type: Interior Row/Townhouse
Construction Materials: Stick Built
Building Name: Nassau Village
Community Pool
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Assessed Value: $261,667
Finished Square Feet: 1120
Finished Square Feet Source: Assessor
Financial Details
County Tax: $2,211
County Tax Payment Frequency: Annually
City Town Tax: $1,158
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $261,667
Tax Year: 2024
Tax Annual Amount: $3,662
Year Assessed: 2024
Utilities Details
Central Air
Cooling Type: Central A/C
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, Ext Bldg Maint, Insurance, Management, Lawn Maintenance, Pier/Dock Maintenance, Pool(s), Reserve Funds, Road Maintenance
HOA/Condo/Coop Amenities: Boat Dock/Slip, Common Grounds, Pier/Dock, Pool - Outdoor, Reserved/Assigned Parking
Condo/Coop Fee: $1,750
9307 CHESAPEAKE DR #B4902, 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
2
Beds
2
Baths
1,120 ft²
$402/ft²
$450,000
Jan 27, 2024
$450,000
Mar 1, 2024
-
Condo
2
Beds
3
Baths
1,120 ft²
$397/ft²
$445,000
Mar 13, 2024
$445,000
Apr 19, 2024
-
Condo
2
Beds
3
Baths
1,120 ft²
$413/ft²
$462,500
Mar 27, 2024
$462,500
Jun 28, 2024
-
Condo
2
Beds
2
Baths
1,120 ft²
$388/ft²
$435,000
Jun 7, 2024
$435,000
Jul 19, 2024
-
Condo
2
Beds
2
Baths
858 ft²
$466/ft²
$400,000
Mar 28, 2024
$400,000
May 10, 2024
-
Condo
2
Beds
2
Baths
962 ft²
$418/ft²
$402,500
May 9, 2023
$402,500
Jun 16, 2023
-
Active
Condo
2
Beds
2
Baths
1,120 ft²
$402/ft²
$450,000
Feb 24, 2024
-
-
In Contract
Condo
2
Beds
2
Baths
1,225 ft²
$420/ft²
$515,000
Jan 14, 2024
-
-
In Contract
Condo
2
Beds
2
Baths
1,092 ft²
$412/ft²
$450,000
Aug 29, 2024
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
06/07/2024
|
2 Bed
|
2 Bath
|
1120 ft²
|
$449,000
2 Bed
2 Bath
1120 ft²
|
$435,000
-3.12%
07/19/2024
|
-
|
Kathryn LANDON
Coldwell Banker Realty
|
|
|
03/27/2024
|
2 Bed
|
3 Bath
|
1120 ft²
|
$474,990
2 Bed
3 Bath
1120 ft²
|
$462,500
-2.63%
06/28/2024
|
-
|
Jamie Caine
Coldwell Banker Realty
|
|
|
03/13/2024
|
2 Bed
|
3 Bath
|
1120 ft²
|
$450,000
2 Bed
3 Bath
1120 ft²
|
$445,000
-1.11%
04/19/2024
|
-
|
Lauren Smith
Keller Williams Realty
|
|
|
01/27/2024
|
|
2 Bed
|
2 Bath
|
1120 ft²
|
$450,000
2 Bed
2 Bath
1120 ft²
|
$450,000
03/01/2024
|
-
|
Michael Noyes
Coldwell Banker Realty
|
|
04/21/2022
|
2 Bed
|
3 Bath
|
1120 ft²
|
$395,000
2 Bed
3 Bath
1120 ft²
|
-
-
|
-
|
Joanie Hynes
RE/MAX Advantage Realty
|
|
|
04/18/2022
|
2 Bed
|
2 Bath
|
1120 ft²
|
$375,000
2 Bed
2 Bath
1120 ft²
|
$370,500
-1.20%
06/29/2022
|
Joanie Hynes
RE/MAX Advantage Realty
|
||
|
03/04/2021
|
2 Bed
|
2 Bath
|
1120 ft²
|
$299,500
2 Bed
2 Bath
1120 ft²
|
$290,000
-3.17%
05/27/2021
|
Stevi Fuchsluger
|
||
|
05/16/2018
|
|
2 Bed
|
2 Bath
|
1120 ft²
|
-
2 Bed
2 Bath
1120 ft²
|
-
-
|
-
|
-
|
Building Info
9307 Chesapeake Drive
9307 Chesapeake Drive, Ocean City, MD 21842
- 2 Units for Sale
About Ocean City
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Listed by: Candi Noyes
Coldwell Banker Realty
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDWO2023248
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# MDWO2023248
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
