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Backup Offers

205 5th St Unit 45, Ocean City, MD, 21842

$479,000

Home List Price

$5,688*

Closing Credit

3 Bedrooms
2 Full Baths
895 SqFt
$535/SqFt
Condo

Location

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205 5th St Unit 45, Ocean City$479,000

Buyer Closing Credits

$5,688*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Space Conveys, Off Street
Year Built1940
HeatingBaseboard
MLS #MDWO2026644
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 205 5th St Unit 45

A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and newly renovated park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides internet. Electrical Panels were upgraded in 2021. Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new Appliances (2023), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs. Additional storage for the building under the deck stairwell and along the side of the unit. In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 1940
  • Stories: 2
  • Living Area: 895 SqFt

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (410) 879-8080
  • Listing Agent: Lucas Aaron Milburn

Interior Features

Interior Information:

  • Appliances: Microwave, Oven, Electric Range, Refrigerator, Dishwasher
  • Basement: No
  • Flooring Type: Luxury Vinyl Plank

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Parking Space Conveys, Off Street

Utilities

Utilities Information:

  • Heating: Baseboard

Other

Directions Information:

  • Directions: Turn onto Coastal Highway, turn west onto 5th st, house on the left name Buffett House

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $479,000
  • Price Per SqFt: $535/SqFt
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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

205 5th St Unit 45 vs Ocean City

41 DAYS ON ROCKET

-15 Days

$479,000

+$29.3K More

$535/SqFt

+$107 More

KEY TAKEAWAY

This property is $29.3K more than the Median Sold Price and $107/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: #MDWO2026644

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (410) 879-8080
  • Listing Agent: Lucas Aaron Milburn

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: 12/17/2024, 8:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-4227675
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.40 miles

  • Public District Grades PK-4

school-card-donut-4227676
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 6.85 miles

  • Public District Grades 4-6

school-card-donut-4227677
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. Residents of this area typically 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 45

What is the listing price of this property?

The listing price of 205 5th St Unit 45 property is $479,000.

What type of property is this?

The property 205 5th St Unit 45 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Accepting Backup Offers: 205 5th St Unit 45 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 205 5th St Unit 45 has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 205 5th St Unit 45 is 895 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 205 5th St Unit 45 is 1940.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›205 5th St Unit 45

This home is located at 205 5th St Unit 45 in Ocean City, MD and zip code 21842. This 895 square foot home was built in 1940. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $479,000.

In November 2024, from all listings sold in Ocean City, MD there were more than 15 sold above asking price, over 57 sold below and more than 15 were sold right at the asked price. The inventory of homes for sale in Ocean City, MD between October 2024 and November 2024 increased by 0.2%. In November 2024 median list price was $449,666 and the average listing age was 56 days.

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

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