2 months on rocket

5001 Atlantic Ave Unit 305, Ocean City, MD, 21842

$599,900

Home List Price

$7,124*

Closing Credit

2 Bedrooms
2 Full Baths
1,136 SqFt
$528/SqFt
Condo

Location

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5001 Atlantic Ave Unit 305, Ocean City$599,900

Buyer Closing Credits

$7,124*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingLighted Parking, Assigned, Off Street, On Street, Other, Parking Lot
Year Built1974
HeatingForced Air, Heat Pump
CoolingCentral Air
ViewOcean
MLS #MDWO2023134
StatusActive
(ACTIVE)

About 5001 Atlantic Ave Unit 305

This is a DIRECT ocean front, end unit property, with an amazing view from the 3rd floor. Centrally located in mid town OC, close to Fagers Island, Seacrets, Shotti's Point and all the hot spots! Sit on your balcony and watch the dolphins swim while you have your morning coffee & enjoy the sunrise! This is an amazing opportunity to own a 2/2, direct ocean front in a midsize building with an elevator. This could be your dream family beach getaway, or make for an ideal investment property with excellent rental potential due to it's location in town, and direct ocean views! Look no further than the Mooring for that view & opportunity you have been waiting for! This property is being sold AS IS.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 1974
  • Stories: 1
  • Living Area: 1,136 SqFt

Listing Office:

  • Office Name: Coastal Life Realty Group LLC
  • Office Phone: (443) 235-8382
  • Listing Agent: Jay Pierorazio

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Electric Range, Range Hood, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior: Carpet, Flat, Floor Plan - Traditional, Other, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Ocean
  • Exterior: Other, Outside Shower

Parking Information:

  • Parking: Lighted Parking, Assigned, Off Street, On Street, Other, Parking Lot

Virtual/3D Tour

  • 3D Tour: 5001 Atlantic Ave Unit 305
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Lot Features

Lot Information:

  • Lot: Cleared, Other

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading north on Coastal Highway, make a right on 50th street, and the property is all the way at the end facing the ocean on the left

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,900
  • Price Per SqFt: $528/SqFt

Tax Information:

  • Annual Amount: $4,301
  • 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

5001 Atlantic Ave Unit 305 vs Ocean City

72 DAYS ON ROCKET

-8 Days

$599,900

+$150.3K More

$528/SqFt

+$99 More

KEY TAKEAWAY

This property is $150.3K more than the Median Sold Price and $99/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: #MDWO2023134

Listing Office:

  • Office Name: Coastal Life Realty Group LLC
  • Office Phone: (443) 235-8382
  • Listing Agent: Jay Pierorazio

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: 11/14/2024, 11:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 12, 2004Home Sold
$410,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,301$304,400
2020$4,300$304,400
2019$4,330$304,400
2018$4,300$304,400
2017$4,573$323,700

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-261699
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.90 miles

  • Public District Grades PK-4

school-card-donut-261700
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.82 miles

  • Public District Grades PK-3

school-card-donut-261701
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.37 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. The most common annual income of people living in Ocean City, MD is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma 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.

Types of housing 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.

What is it like to live in Ocean City, MD?

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.

Is it easy to get around Ocean City, MD without a car?

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.

Transportation in Ocean City, MD.

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 5001 Atlantic Ave Unit 305

What is the listing price of this property?

The listing price of 5001 Atlantic Ave Unit 305 property is $599,900.

What type of property is this?

The property 5001 Atlantic Ave Unit 305 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 5001 Atlantic Ave Unit 305 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 $4,301 (source: MLS/based on county public records data).

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

The last sale was on May 12, 2004 for $410,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5001 Atlantic Ave Unit 305 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5001 Atlantic Ave Unit 305 is 1,136 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5001 Atlantic Ave Unit 305 is 1974.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›5001 Atlantic Ave Unit 305

This home is located at 5001 Atlantic Ave Unit 305 in Ocean City, MD and zip code 21842. This 1,136 square foot home was built in 1974. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $599,900.

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 median list price was $449,548 and the average listing age was 80 days.

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

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