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Backup Offers

16 51st St Unit 107, Ocean City, MD, 21842

$295,995

Home List Price

$3,515*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
525 SqFt
$564/SqFt
Condo

Location

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16 51st St Unit 107, Ocean City$295,995

Buyer Closing Credits

$3,515*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot
Year Built1980
HeatingCentral
CoolingWall Unit(s)
MLS #MDWO2027044
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 16 51st St Unit 107

Are you in search for your very own Ocean Block vacation investment? Look no further as you unwind in this gorgeous 1st level 1 Bed 1 and 1/2 bath unit in the most predominate rental income blocks throughout OC. This meticulously maintained unit features open living concept with a front Lanai you can enjoy your morning coffees or afternoon book readings. Furniture is included in this sale with exception of a few owners items which will bel listed in the inclusions/exclusions documents. Incredible location within footsteps from the beautiful beaches, dining, entertainment and all of the best spots OC has to offer for nightlife fun! (Seacrets, Macky's, Fagers Island, Bad Monkey, Belly Busters, Tap House and more!!!Plenty of parking with off street parking as well as on street FREE parking. Bus stops right out front ready to take you downtown to enjoy the boardwalk and Thrashers French fries and all the fun amusement rides:) There isn't much better of OC easy living with rental income potential if desired than this unit.... this is the one you want. Be sure to check it out!

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 1980
  • Stories: 3
  • Living Area: 525 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (302) 360-0300
  • Listing Agent: Zackary Keenan

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Parking Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $295,995
  • Price Per SqFt: $564/SqFt

Tax Information:

  • Annual Amount: $2,039
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

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Ocean City, MD

City

Med. Sold Price

$449.6K

Med. Price/SqFt

$427

Avg. Days On Market

56

# of Sold Homes

87

16 51st St Unit 107 vs Ocean City

30 DAYS ON ROCKET

-26 Days

$295,995

-$153.6K Less

$564/SqFt

+$136 More

KEY TAKEAWAY

This property is $153.6K less than the Median Sold Price and $136/SqFt more than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2027044

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (302) 360-0300
  • Listing Agent: Zackary Keenan

IDX Information Deemed Reliable But Not Guaranteed. 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 in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 6:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 18, 2018Home Sold
$165,000
May 04, 2012Home Sold
$137,500
Oct 16, 2001Home Sold
$91,000
Aug 01, 2000Home Sold
$51,540

Tax History

YEARPROP. TAXASSESSMENT
2021$2,039$144,300
2020$2,038$144,300
2019$2,052$144,300
2018$2,038$144,300
2017$2,143$151,700

History based on county public records data.

Payment Calculator

$1,545

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$954

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-899751
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.90 miles

  • Public District Grades PK-4

school-card-donut-899752
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.75 miles

  • Public District Grades PK-3

school-card-donut-899753
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.34 miles

  • Public District Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,474. Typical income of Ocean City, MD residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Ocean City, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Ocean City, MD?

Ocean City's housing market is diverse, offering a mix of residential options that cater to a range of preferences. The area is known for its beachfront condominiums, which make up a significant portion of the housing stock, providing residents with scenic views and easy access to the beach. Single-family homes are also available, featuring styles from classic beach cottages to contemporary designs. The market is characterized by a mix of both year-round and seasonal properties, reflecting the city's popularity as a vacation destination.

Is Ocean City, MD a good place to live?

Ocean City is celebrated for its vibrant boardwalk, pristine beaches, and family-friendly atmosphere. The community prides itself on being a premier resort town, with numerous events throughout the year, including the famous Ocean City Air Show and the Sunfest music and arts festival. The town's character is shaped by its coastal environment, offering a relaxed lifestyle with a focus on outdoor recreation and water-based activities.

Are things conveniently located in Ocean City, MD?

The community is served by a range of essential services, including public schools that cater to residents and the seasonal influx of families. Healthcare is accessible through local clinics and urgent care centers, ensuring medical needs are met promptly. Ocean City also boasts a variety of retail shops and dining options, from casual eateries to fine dining, many of which showcase the local seafood cuisine. The town is proactive in maintaining and enhancing its services to accommodate both its permanent population and seasonal visitors.

What does the transportation in Ocean City, MD look like?

Transportation in Ocean City is well-suited to the needs of both residents and tourists. The town features a public bus service that runs along the Coastal Highway, providing convenient access to various points of interest. The area is also bike-friendly, with several bike paths and lanes available for those who prefer to cycle. For drivers, the city is easily navigable with well-maintained roads and highways connecting to nearby cities and attractions. While specific ride-sharing statistics are not mentioned, such services are commonly used by visitors and locals alike.

Frequently Asked Questions About 16 51st St Unit 107

What is the listing price of this property?

The listing price of 16 51st St Unit 107 property is $295,995.

What type of property is this?

The property 16 51st St Unit 107 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Accepting Backup Offers: 16 51st St Unit 107 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,039 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 18, 2018 for $165,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 16 51st St Unit 107 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 16 51st St Unit 107 is 525 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16 51st St Unit 107 is 1980.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›16 51st St Unit 107

This home is located at 16 51st St Unit 107 in Ocean City, MD and zip code 21842. This 525 square foot home was built in 1980. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $295,995.

While more than 15 listings in Ocean City, MD in November 2024 were sold above asking price, there were more than 15 listings sold at asking price, and more than 57 were sold below. The number of listings in Ocean City, MD increased by 0.2% between October 2024 and November 2024. In November 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $449,666.

From Rocket Homes Real Estate and based on county public records data.

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