205 5TH ST #45 Active Save Request In-Person Tour Request Virtual Tour
Ocean City,MD 21842
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 895 sqft
Price per Sqft $535
Subdivision Hitchens & Trimper
MLS Listing ID MDWO2026644
Style Coastal
Bedrooms 3
Full Baths 2
Condo Fees $1,368/qua
HOA Y/N N
Abv Grd Liv Area 895
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $202
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Description
A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and 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 newly renovated 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 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 Appliances (2023), 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.
In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.
Location
State MD
County Worcester
Area Bayside Interior (83)
Zoning RESIDENTIAL
Direction North
Rooms
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Ductless/Mini-Split
Flooring Luxury Vinyl Plank
Inclusions All Furniture and furnishings
Equipment Microwave,Oven/Range - Electric,Refrigerator,Dishwasher
Furnishings Yes
Fireplace N
Appliance Microwave,Oven/Range - Electric,Refrigerator,Dishwasher
Heat Source Electric
Laundry Shared
Exterior
Exterior Feature Deck(s)
Garage Spaces 1.0
Utilities Available Cable TV Available,Electric Available,Phone Available
Amenities Available Pool - Outdoor
Water Access N
Roof Type Shingle
Accessibility 2+ Access Exits
Porch Deck(s)
Total Parking Spaces 1
Garage N
Building
Story 2
Unit Features Garden 1 - 4 Floors
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 2
Additional Building Above Grade,Below Grade
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Insurance,Lawn Care Front,Lawn Care Rear,Lawn Care Side,Lawn Maintenance,Pool(s),Reserve Funds,Trash
Senior Community No
Tax ID 10-749603
Ownership Condominium
Acceptable Financing Conventional,Cash
Horse Property N
Listing Terms Conventional,Cash
Financing Conventional,Cash
Special Listing Condition Standard
Pets Description Cats OK,Dogs OK