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$2,467,500
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Property Description
Here is your opportunity to own one of only a few properties in Ocean City that can accommodate 40 guests under one roof!! This property is a multi-family building that has been completed renovated in downtown Ocean City. Set up as a duplex with 6 bedrooms, 3 bathrooms, 2 kitchens, and 2 laundry rooms on each side! Each side comfortably sleeps 20 guests. Combined, this property has 12 bedrooms, 6 bathrooms, 4 kitchens and 4 baths; sleeping 40 total! Maintenance free exterior with cedar siding and composite decking/vinyl rails. Currently the property is used as a duplex, but has the option for a lockout basement, making 4 total units if desired. Brand new HVAC throughout in 2022. This property consistently brings in > $300,000 in rental income each year! There are still a lot of holes to fill in the calendar and we are currently at $318,226 on the books for this season. This house prints money!! If interested in using this property as a rental, the current property management company charges 12% of the nightly rate if the new owner has interest in continued rental success and a seamless transition. 2024 Rentals must be honored.
Full Property Details
Full Property Details for 712 N Baltimore Ave
General
- Sold For: $2,467,500
- Taxes: $8,700 (2022)
- Status: Closed
- Type: Townhouse
- Source: BrightMLSMidAtlantic
- MLS ID: MDWO2021360
- Added to Site: 232 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 2
- Appliances: Built-In Microwave
- Flooring: Laminated
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
- Upper Floor Baths: 2
- Upper - Full Baths: 2
- Main Floor Baths: 2
- Main - Full Baths: 2
- Lower Floor Baths: 2
- Lower - Full Baths: 2
Bedrooms
- Total Bedrooms: 12
- Bedrooms Upper: 8
- Bedrooms Lower: 4
- Bedrooms-Up2: 2
Parking
- Parking Type: Off Street, On Street, Driveway
Location
- Area: Ocean Block (82)
- Municipality: Ocean City
- County: Worcester
- Development Name: None Available
- Subdivision: None Available
- Building Name: NONE AVAILABLE
- Driving Directions: GPS
- Location Details: Oceanblock
- City Limits: Yes
School Information
- School District: Worcester County Public Schools
- High School: Stephen Decatur
Heating & Cooling
- Central air: Yes
- Cooling Type: Ductless/Mini-Split, Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV
Structural Information
- Architectural Info: Coastal
- Architectural Style: Coastal
- Structure Type: End of Row/Townhouse
- Construction: Shingle Siding
- Foundation: Slab
- Roof: Architectural Shingle
- Walls/Ceilings: Dry Wall
- Stories/Levels: 0
- Stories Description: Lower 1, Main, Upper 1, Upper 2
- Square Feet: 4,209
- Sq. Ft. Source: Estimated
- Living Area: 4,209 Sq. Ft.
- Year Built: 1930
- Year Built Source: Estimated
Unit Information
Unit 1
- Bathrooms-Lower: 2
- Bedrooms-Lower: 4
Lot Features
- Property View: Ocean
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,250
- Lot Size Source: Estimated
- Zoning: R-3
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $665.24
- Assessment Year: 2022
- City/TownTax: $2,808
- City/TownTax Freq: Annually
- County Tax: $5,203
- County Tax Freq: Annually
- Tax w/Assessment: $668,267
- Tax Amount: $8,700
- Tax Year: 2022
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 1A
Listed by Taylor Properties, JOHN R. CLARK
Sold by Coastal Life Realty Group LLC, Tamar S Nazarian
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Schools
Schools serving 712 N Baltimore Ave
School District:Worcester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 1.5 mi | |
309 Franklin Ave, Berlin, MD 21811 | PK-4 | 7.1 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 5.8 mi | |
9913 Seahawk Rd, Berlin, MD 21811 | 9-12 | 5.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 712 N Baltimore Ave
Date
Details
Price
Change
Source
1/02/2025
Sold
$2,467,500
-11.87%
MLS
10/11/2024
Price Reduced
$2,799,999
-3.45%
MLS
9/04/2024
Price Reduced
$2,899,999
-3.33%
MLS
6/06/2024
Listed
$2,999,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
712 N Baltimore Avenue, Ocean City, MD 21842 (MLS# MDWO2021360) is a Townhouse property that was sold at $2,467,500 on January 02, 2025. Want to learn more about 712 N Baltimore Avenue? Do you have questions about finding other Townhouse real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.