205 5th Street #45

OCEAN CITY, MD 21842

  • 3 Bed(s)
  • 2.0 Bath(s)
  • 0 Sqft
$479,000

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.

  • Property Type

    Residential
  • Subdivision

    Hitchens & Trimper
  • County

    WORCESTER
  • Style

    Coastal
  • AD ID

    47544013

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3
    • Master Bedroom Level: 3

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 2

    Laundry Source

    • Laundry Type : Shared

    Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Deck(s)

    Interior Features

    • Roof : Shingle
    • Property Amenities: Pool - Outdoor
    • Property Appliances: Microwave,Oven/Range - Electric,Refrigerator,Dishwasher

    Roofing Information

    • Shingle

    Heating & Cooling

    • Cooling: Ductless/Mini-Split
    • Heating: Baseboard - Electric
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
  • Building Information

    • Year Built: 1940
    • Structure: Unit/Flat/Apartment
    • Major Appliances: Microwave,Oven/Range - Electric,Refrigerator,Dishwasher
    • New Construction: No
    • Built: 1940
    • Construction Material: Vinyl Siding
    • Amenities: Pool - Outdoor
    • Roof: Shingle
    • Foundation/Basement: Block
    • Architecture: Coastal
    • Pool/Private: Yes - Community
    • Roof Type: Shingle

    Exterior Features

    • Utilities: Cable TV Available,Electric Available,Phone Available
    • Building Name: Parrot Bay

    Pool Information

    • Pool: Yes - Community

    Amenities

    • Pool - Outdoor

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric
  • Lot Information

    • Dimensions: 0.00 x 0.00
    • Architectural Style: Coastal
    • Stories Total: 2

    Property Information

    • SQ ft: 895
    • SQ ft (Living Area): 895
    • Subdivision: HITCHENS & TRIMPER
    • Financing: Conventional,Cash
    • Appx. Lot Dimensions: 0.00 x 0.00
    • New Construction: No
    • Type: Coastal
  • Listing Information

    • Possession: Negotiable,Settlement
    • Common/Club Amenities: Pool - Outdoor
    • Days Of Market: 1

    Lease Information

    • Lease Considered: No
  • Tax Information

    • Annual Tax: $202
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Terms/Deposits/Fees

    • Condo Fees: $1,368
    • Assoc Fee Freq: $Quarterly

    Possession

    • Negotiable,Settlement

    Assessment Information

    • Taxes Assessment Amount: $180,433
  • Parking Information

    • Parking Features: Parking Space Conveys
    • Parking Type: Off Street

    Multi-Unit Information

    • Acceptable Financing: Conventional,Cash
    • Roof: Shingle
    • Unit: 45

    Homeowners Association Information

    • Association Fee 2: $1,368
    • HOA Fee Frequency: Quarterly
    • Other Fee: $697
    • Other Fee Frequency: Quarterly
    • Direction: Turn onto Coastal Highway, turn west onto 5th st, house on the left name Buffett House
  • School Information

    • Elementary School: OCEAN CITY
    • Middle OR Junior School: STEPHEN DECATUR
    • High School: STEPHEN DECATUR
    • School District: WORCESTER COUNTY PUBLIC SCHOOLS

    Utility Information

    • Cable TV Available,Electric Available,Phone Available
    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Location Type: Bayblock
    • Direction: Turn onto Coastal Highway, turn west onto 5th st, house on the left name Buffett House
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BuyOwner last updated this listing 11/16/2024 @ 18:49

  • MLS: MDWO2026644
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 3 bedrooms which is for sale, it has 0 sqft, 895 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of OCEAN CITY , in zip code 21842, this WORCESTER County Home , it is in the HITCHENS & TRIMPER Subdivision, are nearby neighborhoods.