Sold

12304 Coastal Hwy

Ocean City MD, 21842

$1,250,000


$429.26 per sqft

Sold

8 Beds

4 Baths

2,912 sqft

Condo

Built in 1960

This 4 unit building and additional lot are ready to go with everything being completely remodeled down to the studs and the electric all the way from the pole. New roof, siding, windows and doors were placed on the outside and the stairs were rebuilt to accommodate additional storage for each unit. Three head split units keep the temperature at your demand and a surrounding fence and storage unit makes the property very easy to manage. Continue to rent out this income producing property through 2023 as per the contract, but then use the unit at your leisure. Better yet, purchase the property as a primary residence, and let three additional units pay your mortgage. One day in the future, you can build an additional two units even with a garage underneath on the addition lot that is part of the sale. Possibilities are endless. Professional Photos to come

MDWO2011202

MLS ID

February 16, 2024

Updated

Map

12304 Coastal Hwy
Ocean City MD, 21842

Interior Features

Total Stories

2


Bedrooms

8 Beds


Bathrooms

4 Baths


Appliances

Electric Water Heater


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.23 Acres


Architectual Style

Coastal


Sewer

Public Sewer

School Information

School District

WORCESTER COUNTY PUBLIC SCHOOLS


High School

STEPHEN DECATUR

Other Property Details

Area Name

Ocean City


Taxes

$10,529


Tax Frequency

Annually


Days on Market

327


Garage

No


View

Yes


View Description

Water, City, Ocean


County

WORCESTER


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/15/2024

Sold

1/31/2024

Pending

12/5/2023

Under Contract

10/16/2023

Price Change

$1,250,000

-17%

10/7/2023

Active

Listed by Shawn Kotwica, with Coldwell Banker Realty
Listing Contact: 7248400572 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/16/2024 at 11:29 PM UTC

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