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7 45th St Unit 104, Ocean City, MD, 21842

$180,000

Home List Price

$2,138*

Closing Credit

1 Full Bath
288 SqFt
$625/SqFt
Condo

Location

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7 45th St Unit 104, Ocean City$180,000

Buyer Closing Credits

$2,138*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street
Year Built1989
HeatingOther
CoolingWall Unit(s)
MLS #MDWO2026182
StatusActive
(ACTIVE)

About 7 45th St Unit 104

Discover the perfect beachside retreat in the heart of Midtown Ocean City, Maryland with this charming first-floor studio condo. Ideally situated just steps from the beach, you’ll enjoy direct access to the sand and surf without the hassle of a long walk. Location is what makes this property really shine; adjacent to the newly renovated Sea Loft Hotel and walking distance to Belly Busters, Seacrets, Aloft Bayfront Tiki Bar, Macky’s and more. This cozy studio has been recently updated to offer everything you need for a delightful coastal getaway. The space features new herringbone luxury vinyl planks and a stylish walk-in shower with contemporary black fittings. The well-equipped kitchenette boasts light wood cabinets, granite countertops, a stainless steel slim overhead microwave, a retro fridge, and essential small appliances, making meal preparation a breeze. The combined living and bedroom area includes a queen-sized bed, large closet, a small loveseat with storage, a through-the-wall AC and heat unit, a smart TV, and large sliding windows that fill the space with natural light. Convenience is key with a designated parking spot right out front, and the condo is easily accessible via a short flight of stairs or a handicap ramp on the first floor. Additionally, you’ll benefit from a storage locker in the back unit for all your beach gear. Recent building assessments ensure the property’s security and necessary updates, and low HOA fees reflect the new condo reserve study requirements. With a low cost of maintenance, upkeep, and utilities, this condo is an affordable investment for either a vacation home or a rental property. With 8 years of rental history and an average gross rental income of $25,000 per year, it offers an excellent opportunity to offset costs while enjoying the beachside lifestyle. Don’t miss out on owning this ideal coastal escape in Ocean City!

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 1989
  • Stories: 1
  • Living Area: 288 SqFt

Listing Office:

  • Office Name: Fathom Realty MD, LLC
  • Office Phone: (410) 874-8111
  • Listing Agent: Elaine Evans

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Parking Information:

  • Parking: Off Street

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Coming south off Route 90, turn left onto 45th St. Ocean Waye 45 is a couple building down to the right.

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $180,000
  • Price Per SqFt: $625/SqFt

HOA Fees:

  • Amount: $2300
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,085
  • 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

7 45th St Unit 104 vs Ocean City

35 DAYS ON ROCKET

-45 Days

$180,000

-$269.5K Less

$625/SqFt

+$196 More

KEY TAKEAWAY

This property is $269.5K less than the Median Sold Price and $196/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: #MDWO2026182

Listing Office:

  • Office Name: Fathom Realty MD, LLC
  • Office Phone: (410) 874-8111
  • Listing Agent: Elaine Evans

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, 8:20:52 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

Oct 09, 2020Home Sold
$76,800
Jun 30, 2017Home Sold
$79,900
Sep 27, 2012Home Sold
$60,100

Tax History

YEARPROP. TAXASSESSMENT
2021$1,085$76,800
2020$1,085$76,800
2019$1,076$75,667
2018$1,053$74,533
2017$1,037$73,400

History based on county public records data.

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$1,157

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$606

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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-560229
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.63 miles

  • Public District Grades PK-4

school-card-donut-560230
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.78 miles

  • Public District Grades PK-3

school-card-donut-560231
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.17 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 majority of Ocean City, MD residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of 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.

What are the common housing types 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 are the advantages of living 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.

Are essential services in Ocean City, MD convenient?

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.

How do Ocean City, MD residents get around?

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 7 45th St Unit 104

What is the listing price of this property?

The listing price of 7 45th St Unit 104 property is $180,000.

What type of property is this?

The property 7 45th St Unit 104 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 7 45th St Unit 104 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 $1,085 (source: MLS/based on county public records data).

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

The last sale was on October 9, 2020 for $76,800. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7 45th St Unit 104 has 1 bathroom..

What is the square footage of this property?

The property 7 45th St Unit 104 is 288 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7 45th St Unit 104 is 1989.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›7 45th St Unit 104

This home is located at 7 45th St Unit 104 in Ocean City, MD and zip code 21842. This 288 square foot home was built in 1989. Features: 1 bathroom. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $180,000.

Ocean City, MD housing market in October 2024 saw over 12 listings sold above listed price, more than 11 sold at listed price and over 67 sold below. The number of homes for sale in Ocean City, MD increased by 16.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $449,548, while the average time on the real estate market was 80 days.

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

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