2 months on rocket

745 Mooring Rd Unit 403, Ocean City, MD, 21842

$395,000

Home List Price

$4,691*

Closing Credit

2 Bedrooms
2 Full Baths
792 SqFt
$499/SqFt
Condo

Location

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745 Mooring Rd Unit 403, Ocean City$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot
Year Built1973
HeatingHeat Pump
CoolingWindow Unit(s)
MLS #MDWO2023402
StatusActive
(ACTIVE)

About 745 Mooring Rd Unit 403

Experience coastal living at its finest with this exquisite fully furnished 2-bedroom, 2-bathroom condo. Nestled in a prime Ocean City location near beach, attractions and restaurants. This property offers breathtaking bay views making it a perfect retreat for relaxation and rejuvenation. Key Features: Spectacular Bay Views: Wake up to the gentle sound of the waves and enjoy panoramic views of the sparkling ocean right from your windows and private balcony. Spacious Living: The open-concept living and dining areas are designed for comfort and style, with large windows that flood the space with natural light. Modern Kitchen: Equipped with contemporary appliances and ample counter space, the kitchen is ideal for preparing meals and entertaining guests. Comfortable Bedrooms: Both bedrooms are generously sized, featuring cozy beds and plenty of closet space. The master suite includes an en-suite bathroom for added convenience. Bathrooms: The two bathrooms are beautifully appointed with modern fixtures and finishes. Perfect Family Getaway: Whether you’re looking for a serene escape or a fun-filled family retreat, this condo offers the ideal setting with easy access to nearby beaches and local attractions. Investment Opportunity: Potential Airbnb Income This property is not only a charming home but also a successful Airbnb rental! The current owners have operated it as an Airbnb from June to September, achieving 19 reservations and generating over $15,000 in revenue during that time. Whether you’re looking for a new home or an investment property, this is a fantastic opportunity to continue the Airbnb tradition and capitalize on the growing short-term rental market. Don’t miss this opportunity to own a piece of paradise. Schedule a viewing and make this beautiful ocean-view condo your new home or vacation haven.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1973
  • Living Area: 792 SqFt

Listing Office:

  • Office Name: CENTURY 21 New Millennium
  • Office Phone: (410) 730-8888
  • Listing Agent: Chonita Lillian Milner-Vaughn

Interior Features

Interior Information:

  • Appliances: Disposal, Dryer, Microwave, Oven, Electric Range, Refrigerator, Washer, Water Heater
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Parking Lot

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: MD-528 N - Turn left onto 94th St; 0.4 mi Turn left onto Rusty Anchor Rd; 453 ft Turn right onto Mooring

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $395,000
  • Price Per SqFt: $499/SqFt

Tax Information:

  • Annual Amount: $2,816
  • 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

745 Mooring Rd Unit 403 vs Ocean City

61 DAYS ON ROCKET

-19 Days

$395,000

-$54.5K Less

$499/SqFt

+$70 More

KEY TAKEAWAY

This property is $54.5K less than the Median Sold Price and $70/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: #MDWO2023402

Listing Office:

  • Office Name: CENTURY 21 New Millennium
  • Office Phone: (410) 730-8888
  • Listing Agent: Chonita Lillian Milner-Vaughn

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: 11/15/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,816$199,267
2020$2,684$190,000
2019$2,692$189,233
2018$2,662$188,467
2017$2,651$187,700

History based on county public records data.

Payment Calculator

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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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-395939
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 4.74 miles

  • Public District Grades PK-4

school-card-donut-395940
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.63 miles

  • Public District Grades PK-3

school-card-donut-395941
7
/10

  • Showell (Phillip C.) Elementary School

  • 41 Bethany Rd

  • 8.53 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,043. The majority of Ocean City, MD residents have income 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 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 745 Mooring Rd Unit 403

What is the listing price of this property?

The listing price of 745 Mooring Rd Unit 403 property is $395,000.

What type of property is this?

The property 745 Mooring Rd Unit 403 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 745 Mooring Rd Unit 403 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 $2,816 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 745 Mooring Rd Unit 403 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 745 Mooring Rd Unit 403 is 792 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 745 Mooring Rd Unit 403 is 1973.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›745 Mooring Rd Unit 403

This home is located at 745 Mooring Rd Unit 403 in Ocean City, MD and zip code 21842. This 792 square foot home was built in 1973. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 15, 2024 and is currently priced at $395,000.

While more than 12 listings in Ocean City, MD in October 2024 were sold above asking price, there were more than 11 listings sold at asking price, and 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%. 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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