5505 Atlantic Ave #409

Ocean City, MD 21842 View Map $540,000 Ask a Question
Beds2
Baths2
Sq.Ft.1,122
Year1980
5505 Atlantic Ave #409 - Ocean City, MD - MDWO2008038 - $540,000 Photo 1
5505 Atlantic Ave #409 - Ocean City, MD - MDWO2008038 - $540,000 Map
Nicholas Bobenko

Nicholas Bobenko

(443) 614-9179

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Status: Sold
Property Type:Condo
MLS #:MDWO2008038
Sq. Feet:1,122
Date Sold:8/15/2022
County:Worcester
Here is your chance to own a turn key, spacious direct oceanfront condo in the prime midtown Ocean City area. Enjoy the magnificent unobstructed views and sounds of the Atlantic Ocean from your living room, bedroom and balcony. Take the stairs or an elevator down and you ll be on the beach in minutes. One of the great features about this location is that the beach is not crowded and is considered a low-density beach area because there aren t high-rise buildings on the bayside. This condo located on the fourth floor offers 2 nice sized bedrooms and 2 full bathrooms, a combination living/dining room area and an open concept kitchen. It is an END UNIT with a side window providing a lovely, unobstructed view of the beach. There is also a full-size washer & dryer in the condo. It is being offered fully furnished and the furniture was purchased in 2019 with minimal usage. Recent upgrades include new bathroom sinks, new luxury vinyl plank floors in 2017 and a new HVAC system in 2015. Owners are providing a one year home warranty. Ocean Trail is a well-managed condo with low fees and provides an elevator for easy access. There is assigned parking for two vehicles, an outside shower and a bike rack for storage. This condo is within walking distance of Fagers Island. Buyers must honor 2022 rentals and Buyers will receive all rental income for the period post-closing. There are now 7 weeks rented, with a gross income of $15, 465. Schedule your tour now and make it yours just in time for summer fun.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
6/18/2022$585,000$559,900-4.3%
6/25/2022$559,900$549,900-1.8%
8/17/2022$549,900$540,000-1.8%

Community Information

Address:5505 Atlantic Ave #409 Ocean City, MD 21842
Area:Direct Oceanfront (80)
County:Worcester
Zip Code:21842
Neighborhood:Direct Oceanfront (80)
Building Name:Ocean Trail

Architecture

Unit Number:#409
Bedrooms: 2
Bathrooms: 2
Year Built:1980
Stories:1
Style:Coastal, Contemporary
Construction: Concrete, Frame
Unit Building Type: Mid-Rise 5 - 8 Floors

Features / Amenities

Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Trash Compactor, Washer, Water Heater
Interior Features: Combination Dining/Living, Elevator, Entry Level Bedroom, Floor Plan - Open, Primary Bedroom - Ocean Front, Tub Shower, Window Treatments
Unit Floor: 4
Amenities: Elevator
Exterior Spaces: Balcony
Type of Parking: Off Street, Parking Lot
Air Conditioning: Central A/C
Primary Heat Type: Forced Air

Property Features

Water Body Type: Ocean
Waterfront: Yes
Parking Lot - # of Spaces: 2
Septic: Public Sewer
Water: Public
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $4,788 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $1,170 (paid Quarterly)
Fees Include: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds

WALKING AND TRANSPORTATION

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Listing Information Last Updated 8/19/2022
Listing provided courtesy of Jo Ann Brandt, Coldwell Banker Realty.
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