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Buy a houseat 401 PACIFIC AVENUE, OCEAN CITY, MD 21842

$649,900

$0/mo

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Residential

896 Sq. Ft.

5,227 Sq. Ft. lot

2 Bedrooms

2 Bathrooms

271 Days on market

MDWO2015396 MLS ID

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About 401 PACIFIC AVENUE house

Welcome to 401 Pacific Avenue in beautiful Ocean City, Maryland! This exceptional property offers the perfect beachside retreat with its ideal location, stunning features, and remarkable rental potential. Nestled on a corner lot just steps away from the sandy shores, this home boasts the ultimate coastal living experience. No Homeowners Association means you can enjoy the freedom of personalizing your space without restrictive rules. Investors will be delighted to discover the tremendous rental potential of this property. The current owner is already making $32,000 per year by renting it long-term, but with its fantastic location and amenities, the potential for weekly rentals could easily reach over $45,000. Convenience is at its best as you'll find yourself close to a grocery store and an array of restaurants, making dining and shopping a breeze. Additionally, the community's amenities are simply unbeatable, including a boat ramp for all the boating enthusiasts, tennis and basketball courts for sports lovers, a dog park for your furry friends, and a tot lot for the little ones to have endless fun. This property is designed with accessibility in mind, featuring an assisted access ramp to the home and an assisted access bathroom, making it easy for everyone to enjoy its beauty. Mature trees in the yard provide a natural and serene atmosphere, creating the perfect spot for relaxation and outdoor activities. The home has undergone numerous updates, ensuring a worry-free living experience. A new roof and gutters provide peace of mind during inclement weather, while newer stainless steel appliances in the kitchen elevate the culinary experience. To sweeten the deal, the seller is offering a generous $6000 flooring allowance with an acceptable offer, allowing you to personalize your new coastal haven. The large wrap-around deck offers ample space for outdoor entertainment, allowing you to soak in the ocean breeze and savor the breathtaking views. Investors will be delighted by the tremendous rental potential this property offers. Whether you're looking for a vacation home or an income-generating rental property, 901 Pacific Avenue is an exceptional investment opportunity. Don't miss the chance to own this coastal gem! Schedule a tour today and immerse yourself in the tranquility and beauty of 401 Pacific Avenue, Ocean City, Maryland. Your dream beach retreat awaits!
Welcome to 401 Pacific Avenue in beautiful Ocean City, Maryland! This exceptional property offers the perfect beachside retreat with its ideal location, stunning features, and remarkable rental potential. Nestled on a corner lot just steps away from the sandy shores, this home boasts the ultimate coastal living experience. No Homeowners Association means you can enjoy the freedom of personalizing your space without restrictive rules. Investors will be delighted to discover the tremendous rental potential of this property. The current owner is already making $32,000 per year by renting it long-term, but with its fantastic location and amenities, the potential for weekly rentals could easily reach over $45,000. Convenience is at its best as you'll find yourself close to a grocery store and an array of restaurants, making dining and shopping a breeze. Additionally, the community's amenities are simply unbeatable, including a boat ramp for all the boating enthusiasts, tennis and basketball courts for sports lovers, a dog park for your furry friends, and a tot lot for the little ones to have endless fun. This property is designed with accessibility in mind, featuring an assisted access ramp to the home and an assisted access bathroom, making it easy for everyone to enjoy its beauty. Mature trees in the yard provide a natural and serene atmosphere, creating the perfect spot for relaxation and outdoor activities. The home has undergone numerous updates, ensuring a worry-free living experience. A new roof and gutters provide peace of mind during inclement weather, while newer stainless steel appliances in the kitchen elevate the culinary experience. To sweeten the deal, the seller is offering a generous $6000 flooring allowance with an acceptable offer, allowing you to personalize your new coastal haven. The large wrap-around deck offers ample space for outdoor entertainment, allowing you to soak in the ocean breeze and savor the breathtaking views. Investors will be delighted by the tremendous rental potential this property offers. Whether you're looking for a vacation home or an income-generating rental property, 901 Pacific Avenue is an exceptional investment opportunity. Don't miss the chance to own this coastal gem! Schedule a tour today and immerse yourself in the tranquility and beauty of 401 Pacific Avenue, Ocean City, Maryland. Your dream beach retreat awaits!

Property details

Bathrooms

2 total bathrooms

2 bathrooms on main level

2 full bathrooms

2 full bathrooms on main level

Bedrooms

2 bedrooms

2 bedrooms on main level

Building

896 sqft living area

896 sqft above grade (finished)

Built in 1963

Structure Type: Detached

1 levels

Ranch/Rambler

Stick Built

Vinyl Siding

Cooling

Central Air

Electric

Central A/C

Fireplaces

1 fireplace

Wood

Foundation

Block

Crawl Space

Heating

Electric

Heat Pump(s)

Interior Features

Entry Level Bedroom

Listing

$725 per sqft

Location

Municipality: Ocean City

County: Worcester

Location Type: Bayside

MLS Area: Bayside Interior (83)

Subdivision: Oceanbay City

Lot

5,280 sqft

Lot Size Dimensions: 0.00 x 0.00

0.12 acres

Corner

Parking

Public

Property

Other Structures: Above Grade,Below Grade

Roof

Asphalt

Schools

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Sewer

Public Sewer

Taxes

City/Town Tax: $1,046

City/Town Tax Pymnt Freq: Annually

County Tax: $1,954

County Tax Pymnt Freq: Annually

Tax Annual Amount: $3,260

Tax Year: 2022

Utilities

Hot Water: Electric

Monthly cost

Estimated monthly cost

$4,320/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$610,906

+$19,497

$630,403

Seller agent commission$19,497 (3%)*

$0 (0%)

Buyer agent commission$19,497 (3%)*

$19,497 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $19,497 more selling your home
with an Unreal Estate agent

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State

  • Land for Sale in Maryland
  • Mobile Homes for sale in Maryland
  • Real Estate in Maryland

Unreal Estate checked: May 4, 2024 at 8:06 p.m.

Data updated: Aug 7, 2023 at 2:04 p.m.

Courtesy of Phillip W Knight, Atlantic Shores Sotheby's International Realty
This content last updated on 08/07/2023.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
Listing Information © 2024 BrightMLS. All Rights Reserved.

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