401 Atlantic Ave #402

Ocean City, MD 21842 View Map $575,000 Ask a Question
Beds2
Baths2
Sq.Ft.914
Year1974
Nicholas Bobenko

Nicholas Bobenko

(443) 614-9179

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Status: Sold
Property Type:Condo
MLS #:MDWO2012364
Sq. Feet:914
Date Sold:5/22/2023
County:Worcester
2 Bedroom 2 Bathroom Direct Oceanfront condominium located in the El Capitan. This popular floorplan includes an Oceanfront bedroom with a large private balcony as well as an Oceanfront living room with an additional large balcony. Enjoy Ocean City's famous boardwalk from above in this well maintained property. Upgrades include sliding glass doors leading to both balconies as well as a modernized kitchen and bar. Convenient additional storage can be found in the upstairs bedroom. This property delivers fully furnished including indoor and outdoor furnishings. Not currently in a rental program for 2023, but was an excellent rental in the recent past grossing $49, 727.29 in rental income in 2022. El Capitan is professionally managed by Mann Properties and features an outdoor pool, elevator, and off street parking (1 spot unassigned). The location is ideal offering close proximity to not only the boardwalk, but also Sunset Park and several popular shops and restaurants. Schedule an appointment to see this property today! Seller to participate in a 1031 tax deferred exchange at no cost to buyer.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/22/2023$599,900$575,000-4.2%

Community Information

Address:401 Atlantic Ave #402, Ocean City, MD 21842
Area:Direct Oceanfront (80)
County:Worcester
City:Ocean City
Zip Code:21842
Neighborhood:Direct Oceanfront (80)
Building Name:El Capitan

Architecture

Unit Number:#402
Bedrooms: 2
Bathrooms: 2
Year Built:1974
Stories:2
Style:Split Level
Construction: Concrete
Unit Building Type: Mid-Rise 5 - 8 Floors
Roofing: Flat

Features / Amenities

Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Dispenser, Water Heater, Icemaker
Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Primary Bath(s), Tub Shower, Window Treatments
Unit Floor: 4
Exterior Features: Street Lights
Amenities: Common Grounds, Elevator, Pool - Outdoor, Storage Bin
Exterior Spaces: Balconies- Multiple
Type of Parking: Off Street
Air Conditioning: Central A/C, Ceiling Fan(s)
Primary Heat Type: Forced Air

Property Features

View: Bay, City, Ocean, Panoramic
Off Street Parking - # of Spaces: 1
Septic: Public Sewer
Water: Public
Transportation: Bus Stop less than 1 mile
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $5,599 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $1,734 (paid Quarterly)
Fees Include: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds

WALKING AND TRANSPORTATION

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Listing Information Last Updated 4/23/2024
Listing provided courtesy of Jonathan Barker, Keller Williams Realty Delmarva.
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