7 45th Street, Unit 107
$180,000
Last Sold Price
Studio
Beds
1
Bath
288 Sq. Ft.
$625 / Sq. Ft.
288
Sq. Ft.
$625
per Sq. Ft.
Closed 11/1/24
Closed 11/1/24
Description
Discover the perfect beachside retreat in the heart of Midtown Ocean City, Maryland with this charming first-floor studio condo. Ideally situated just steps from the beach, you’ll enjoy direct access to the sand and surf without the hassle of a long walk. Location is what makes this property really shine; adjacent to the newly renovated Sea Loft Hotel and walking distance to Belly Busters, Seacrets, Aloft Bayfront Tiki Bar, Macky’s and more. This cozy studio has been recently updated to offer everything...Discover the perfect beachside retreat in the heart of Midtown Ocean City, Maryland with this charming first-floor studio condo. Ideally situated just steps from the beach, you’ll enjoy direct access to the sand and surf without the hassle of a long walk. Location is what makes this property really shine; adjacent to the newly renovated Sea Loft Hotel and walking distance to Belly Busters, Seacrets, Aloft Bayfront Tiki Bar, Macky’s and more. This cozy studio has been recently updated to offer everything you need for a delightful coastal getaway. The space features new herringbone luxury vinyl planks and a stylish walk-in shower with contemporary black fittings. The well-equipped kitchenette boasts light wood cabinets, granite countertops, a stainless steel slim overhead microwave, a retro fridge, and essential small appliances, making meal preparation a breeze. The combined living and bedroom area includes a queen-sized bed, large closet, a small loveseat with storage, a through-the-wall AC and heat unit, a smart TV, and large sliding windows that fill the space with natural light. Convenience is key with a designated parking spot right out front, and the condo is easily accessible via a short flight of stairs or a handicap ramp on the first floor. Additionally, you’ll benefit from a storage locker in the back unit for all your beach gear. Recent building assessments ensure the property’s security and necessary updates, and low HOA fees reflect the new condo reserve study requirements. With a low cost of maintenance, upkeep, and utilities, this condo is an affordable investment for either a vacation home or a rental property. With 8 years of rental history and an average gross rental income of $25,000 per year, it offers an excellent opportunity to offset costs while enjoying the beachside lifestyle. Don’t miss out on owning this ideal coastal escape in Ocean City!
- Listed by Elaine Evans • Fathom Realty MD, LLCP: (410)-726-4811 listingsbyelaine@gmail.com
Property Details for 7 45th Street, Unit 107
Tax ID Number
2410067618
OwnershipCondominium
Condo Coop AssociationYes
HOAYes
Entry Floor Number1
Structure TypeUnit/Flat/Apartment
StyleCoastal, Unit/Flat
Levels/Stories1
LISTING UPDATED: 11/07/2024 02:20 PM
Property Details for 7 45th Street, Unit 107
| Status | Closed |
|---|---|
| MLS # | MDWO2023018 |
| Days on Market | 39 |
| Taxes | $1,288 / year |
| HOA Fees | $2,300 / year |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Residential / Condo |
| Year Built | 1971 |
| County | Worcester County |
Building
Ocean Wave 45
15 Units2 StoriesBuilt in 1971
Building Information for 7 45th Street, Unit 107
Property Information for 7 45th Street, Unit 107
Location
Location
- In City Limits: Yes
- School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
- School District County ID: 121138066543
- SchoolDistrictSource: 3rd Party
- High School: STEPHEN DECATUR (WORCESTER MD)
- HighSchoolSource: 3rd Party
- County: WORCESTER
- MLS Area: Worcester East of Rt-113
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: Yes
- Water Access Features: Public Beach, Public Access, Swimming Allowed
- Water Oriented: Yes
- Navigable Water: Yes
- Tidal Water: No
- Water Body Name: Atlantic Ocean
- Water Body Type: Ocean
Association / Community Info
Association / Community Info
- HOA Name: OCEAN WAYE 45
- HOA Condo Coop Mgmt Type: Professional - Off-site
- HOA Condo Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Reserve Funds, Trash
- HOA Condo Coop Amenities: Common Grounds, Extra Storage, Reserved/Assigned Parking
- Property Manager Y/N: Yes
- Senior Community: No
- Association Recreation Fee Y/N: No
- Type of Condo: Condo/Coop Association, Home Owner Association
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2024
- Tax Assessed Value: $92,000
- Year Assessed: 2024
- County Tax: $777
- City Town Tax: $407
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: U
- Historic: No
- Zoning: R-3
- Tax Lot: 107
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: No
Lease Information
Lease Information
- Pets Allowed: Yes
- Pet Restrictions: Case by Case Basis
Rooms
Main
- # Bedrooms Count Main Level: 0
- # Bathrooms Count Main Level: 1
- # Bathrooms Full Main Level: 1
Rooms
- Stories: Main
Financial Information
Financial Information
- Annual Rental Income: $25,000
Building Info
Building Info
- Year Major Reno Remodel: 2024
- Building Level Count: 2
- Total Finished SQFT: 288.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 288.00
- Total SQFT: 288.00
- Total SQFT Source: Assessor
- Main Entrance Orientation: North
- Construction Materials: Mixed, Stick Built, Vinyl Siding, Brick Veneer
- Flooring Type: Luxury Vinyl Plank
- Room and Floor: Bathrooms Full-Main Level-1
- # Bathrooms Full: 1
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Parcel ID: 5402676
- Ground Rent Exists: No
Parking
Parking
- Type Of Parking: Parking Lot
- Parking Lot - # of Spaces: 1
- Number of Assigned Spaces: 1
- Parking Features: Assigned
Interior Features
Interior Features
- Fireplace: No
- Accessibility Features: Doors - Swing In, Ramp - Main Level
- Laundry Type: None
Exterior Features
Exterior Features
- Spa: No
- Pool: No Pool
- Horse: No
Utilities
Utilities
- Utilities: Electric Available, Sewer Available, Water Available, Other
- Heating: Yes
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: Wall Unit
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- Internet Services: Cable, Broadband
Confidential Data
Listing Office
- List Agent AOR: Greater Baltimore Board of REALTORS
Property History for 7 45th Street, Unit 107
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7 45th Street, Unit 107
Taxable ValueLand-Additions-Total-
Tax Record2023$1,083 ($90 / month)
Home Facts
Beds0Baths1Total Finished SqFt288 SqFtAbove Grade Finished SqFt288 SqFtStyleCondominiumYear Built1971ZoningR-3CountyWORCESTERAPN10-067618Fireplace TypeHas Fireplace
Schools near 7 45th Street, Unit 107
This home is within Worcester County Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Ocean City Elementary School PublicPK to 4 | ||
Berlin Intermediate School Public5 to 6 | ||
Stephen Decatur Middle School Public7 to 8 | ||
Stephen Decatur High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Fathom Realty MD, LLC
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/07/2024 02:20 PM