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205 5th St Unit 42, Ocean City, MD, 21842

$219,500

Home List Price

$2,607*

Closing Credit

1 Bedroom
1 Full Bath
289 SqFt
$760/SqFt
Condo

Location

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205 5th St Unit 42, Ocean City$219,500

Buyer Closing Credits

$2,607*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCrushed Stone, Permit Included, Private, Parking Lot, On Street
Year Built1940
HeatingOther
MLS #MDWO2026146
StatusActive
(ACTIVE)

About 205 5th St Unit 42

Welcome to Downtown Ocean City! This condo has recently been completely gutted and modernized, while keeping the beach charm! Walk to the beach for a relaxing day then come back and unwind on the deck, or swim at the private pool. Be sure to take advantage of the fishing pier and amazing skate park/playground just a couple of blocks away. This place is in the heart of everything that's going on, entertainment venues, downtown events, restaurants and a grocery store are just a short walk away! All you need is included in the newly updated unit to include a dedicated parking spot and laundry facilities a couple blocks away. Units in Parrot Bay area highly sought after for their location and rentability. Come see this amazing Condo before its too late!

Property Details

Property Features

Property Information:

  • Architectural Style: A-Frame
  • Year Built: 1940
  • Stories: 3
  • Living Area: 289 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Centre
  • Office Phone: (410) 312-0000
  • Listing Agent: Kieran Matthew Flannery

Interior Features

Interior Information:

  • Appliances: Cooktop, Freezer, Microwave, Refrigerator, Stainless Steel Appliances
  • Basement: No
  • Flooring Type: Luxury Vinyl Plank
  • Interior: Bathroom - Walk-In Shower, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Efficiency, Entry Level Bedroom, Recessed Lighting, Upgraded Countertops

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Crushed Stone, Permit Included, Private, Parking Lot, On Street

Utilities

Utilities Information:

  • Heating: Other

Other

Directions Information:

  • Directions: Take Coastal Highway south to Philadelphia Ave. turn right at 5th Street. Parrott Bay is on your left.

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $219,500
  • Price Per SqFt: $760/SqFt

Tax Information:

  • Annual Amount: $791
  • 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

$449.5K

Med. Price/SqFt

$429

Avg. Days On Market

80

# of Sold Homes

90

205 5th St Unit 42 vs Ocean City

44 DAYS ON ROCKET

-36 Days

$219,500

-$230K Less

$760/SqFt

+$331 More

KEY TAKEAWAY

This property is $230K less than the Median Sold Price and $331/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: #MDWO2026146

Listing Office:

  • Office Name: Keller Williams Realty Centre
  • Office Phone: (410) 312-0000
  • Listing Agent: Kieran Matthew Flannery

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: 11/22/2024, 2:20:49 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

Jul 13, 2018Home Sold
$76,000
May 27, 2014Home Sold
$57,000

Tax History

YEARPROP. TAXASSESSMENT
2021$791$56,000
2020$791$56,000
2019$796$56,000
2018$791$56,000
2017$791$56,000

History based on county public records data.

Payment Calculator

$1,163

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$725

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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-496557
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.40 miles

  • Public District Grades PK-4

school-card-donut-496558
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 6.85 miles

  • Public District Grades 4-6

school-card-donut-496559
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.87 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,076. Typical income of Ocean City, MD residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

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 205 5th St Unit 42

What is the listing price of this property?

The listing price of 205 5th St Unit 42 property is $219,500.

What type of property is this?

The property 205 5th St Unit 42 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 205 5th St Unit 42 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $791 (source: MLS/based on county public records data).

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

The last sale was on July 13, 2018 for $76,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 205 5th St Unit 42 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 205 5th St Unit 42 is 289 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 205 5th St Unit 42 is 1940.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›205 5th St Unit 42

This home is located at 205 5th St Unit 42 in Ocean City, MD and zip code 21842. This 289 square foot home was built in 1940. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $219,500.

In October 2024 more than 12 listings in Ocean City, MD were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 67 were sold below. Between September 2024 and October 2024, Ocean City, MD real estate market has seen increase in the number of listings by 16.2%. In October 2024, listings were on the market for 80 days. During the same period, the median list price in this real estate market was $449,548.

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

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