205 5th St #45

Ocean City, MD 21842 View Map $502,000 Ask a Question
Beds3
Baths2
Sq.Ft.895
Year1940
205 5th St #45 - Ocean City, MD - MDWO2013844 - $502,000 Photo 1
205 5th St #45 - Ocean City, MD - MDWO2013844 - $502,000 Map
Nicholas Bobenko

Nicholas Bobenko

(443) 614-9179

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Status: Sold
Property Type:Condo
MLS #:MDWO2013844
Sq. Feet:895
Date Sold:9/26/2023
County:Worcester
A Beach House Investment that pays for itself... $61, 116 of rental income in 2022, use that to pay the mortgage and put money in your pocket or vacation for free for a few weeks and let your investment pay for itself the rest of the year. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the spacious deck or hang inside where the mini split installed in 2021 will keep the inside nice an cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides cable and internet. Electrical Panels were upgraded in 2021.

Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new dishwasher (2021), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs.

Additional storage for the building under the deck stairwell and along the side of the unit.

The unit below is for sale by the same owner, you can buy both and own the entire building!

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
6/12/2023$450,000$495,00010%
9/27/2023$495,000$502,0001.4%

Community Information

Address:205 5th St #45, Ocean City, MD 21842
Area:Bayside Interior (83)
County:Worcester
City:Ocean City
Subdivision:Hitchens & Trimper
Zip Code:21842
Neighborhood:Bayside Interior (83)
Building Name:Parrot Bay

Architecture

Unit Number:#45
Bedrooms: 3
Bathrooms: 2
Year Built:1940
Stories:2
Style:Coastal
Construction: Vinyl Siding
Unit Building Type: Garden 1 - 4 Floors
Roofing: Shingle
Foundation: Block

Features / Amenities

Appliances: Microwave, Oven/Range - Electric, Refrigerator, Dishwasher
Unit Floor: 2
Amenities: Pool - Outdoor
Exterior Spaces: Deck(s)
Type of Parking: Off Street
Air Conditioning: Ductless/Mini-Split
Primary Heat Type: Baseboard - Electric

Property Features

Num. Floors in Condo Bldg.:2
Off Street Parking - # of Spaces: 1
Septic: Public Sewer
Water: Public
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $2,333 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $1,357 (paid Quarterly)
Fees Include: Cable TV, Common Area Maintenance, High Speed Internet, Laundry, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Pool(s), Reserve Funds, Trash

WALKING AND TRANSPORTATION

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Listing Information Last Updated 3/5/2024
Listing provided courtesy of Lucas Milburn, Long & Foster Real Estate, Inc..
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