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Sold for $300,000 on 02/22/24
  • $300,000

    405 Philadelphia Ave UNIT 25, Ocean City, MD 21842

    2beds
    456sqft
    Condominium
    Built in 1940
    -- sqft lot
    $262,500 Zestimate®
    $658/sqft
    $1,104 Estimated rent

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    What's special

    Downtown coastal cottage in the heartbeat of OC! This modern & updated detached home is the absolute dream low maintenance vacation property &/or investment opportunity. This charming pad is incredibly unique to downtown, only 2 two blocks to the beach/boardwalk action and literally next door to the gorgeous new downtown park with free basketball courts, tennis & pickle ball courts, skatepark, playground & picnic area all while overlooking the gorgeous sunsets over the open bay! Recent updates include 3 LG ductless heat & air system, SS appliances, newer shingle roof, tile shower w/ bluetooth speaker, exterior storage shed and new deck & slider. Property also conveys fully furnished, has an electric fireplace, parking pass, onsite laundry, in season security, outdoor shower & yes access to the community pool! (Per management) Engineer report clean & unlike most "condos" in OC this unit is only responsible to mainatain reserves for their home & limited common areas, not the other units/buildings within community, what a bonus considering the updates already in place! Fees are only temporarily raised to build the reserves according to new Maryland law, reserves will be plentiful & any future updates for this cottage will come from that fund. Community is professionaly maintained & managed. Yes, this is the affordable investment property in OC you have been waiting for!

    Zillow last checked: 7 hours ago

    Listing updated: February 22, 2024 at 06:15am

    Listed by:

    Katie Quinn 443-880-5022,

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    Bought with:

    Whitney Jarvis, RS-0023034

    Coldwell Banker Realty

    Source: Bright MLS,MLS#: MDWO2017684MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Other, Electric
    Cooling
    • Ductless, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 456
    • Total interior livable area: 456 sqft
    • Finished area above ground: 456
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Off Street
    Accessibility
    • Accessibility features: Accessible Doors
    Features
    • Levels: One
    • Stories: 1
    • Pool features: Community
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2410749387
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Cottage
    • Property subtype: Condominium
    Materials
    • Stick Built
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Ocean City
    • Subdivision: Hitchens & Trimper
    • Municipality: Ocean City

    HOA & financial

    Other fees
    • Condo and coop fee: $619 monthly

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership: Condominium
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $262,500
    2% more+$5,250
    With Zillow Showcase(estimated)$267,750