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Key Details
Sold Price $475,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 1,225 sqft
Price per Sqft $387
Subdivision None Available
MLS Listing ID MDWO2018414
Sold Date 09/06/24
Style Coastal
Bedrooms 2
Full Baths 2
Condo Fees $2,650/qua
HOA Y/N N
Abv Grd Liv Area 1,225
Originating Board BRIGHT
Year Built 1974
Annual Tax Amount $4,645
Tax Year 2023
Lot Dimensions 0.00 x 0.00
Property Description
SELLLERS PAYING THE ENTIRE 2024 CONDO FEE/ASSESSMENT (18,540.00) FOR RENOVATION OF NORTH TOWER AND POOL DECK . CONDO FEES FOR 2025 are 2,650.00 QUARTERLY AND 2026 2,400 QUARTERLY. The spacious Oceanfront 2 BR/Den condominium with 2 full baths, freshly painted and fully furnished with all modern appliances; central air conditioning and heat, newer washer and dryer, dishwasher. This condo boasts a SPECTACULAR OCEANFRONT VIEW from its large Oceanfront balcony and an Ocean View from the Master Bedroom window. Additionally, Sea Terrace 705 has a rare view for Ocean City, with a southern facing wrapped balcony. This is one of the only buildings with Ocean and Bay views from one LARGE balcony - watch the sun rise and set from the same chair! This condominium has hurricane shutters, upgraded sliding glass doors, and upgraded bathrooms with new vanities and lighting. Just steps off the elevator with nice Bay views. Great built in rental history spanning over 6 years with the same owner; grossing $25,450 (2022) & $20,650 (2023). Located in convenient mid-town, Sea Terrace is just steps to a wider stretch of Ocean City beach and Atlantic Ocean and walking distance to restaurants, shopping, grocery store, nightlife, Art League, basketball courts, playground, and dog park. Building amenities include Oceanfront heated outdoor pool with large sundeck, 3 elevators, tennis, and on site security and management. Private parking with overflow lot and plenty of free street parking. Secure beach lockers available for $100/yr. Condo fees for 2024: $4,650/quarterly (includes assessment for renovation of north tower and pool deck). Condo fees for 2025: $2,650/quarterly. Fees for 2026: $2,400/quarterly.
Location
State MD
County Worcester
Area Direct Oceanfront (80)
Zoning R-3
Rooms
Main Level Bedrooms 2
Interior
Interior Features Breakfast Area, Cedar Closet(s), Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Window Treatments
Hot Water Electric
Heating Heat Pump - Electric BackUp, Forced Air
Cooling Heat Pump(s), Central A/C, Ceiling Fan(s)
Equipment Built-In Range, Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Stove, Washer/Dryer Stacked, Water Heater
Furnishings Yes
Fireplace N
Appliance Built-In Range, Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Stove, Washer/Dryer Stacked, Water Heater
Heat Source Electric
Laundry Dryer In Unit, Washer In Unit
Exterior
Garage Spaces 1.0
Parking On Site 1
Utilities Available Electric Available, Cable TV Available, Phone Available, Water Available, Sewer Available
Amenities Available Elevator, Extra Storage, Pool - Outdoor, Reserved/Assigned Parking
Waterfront Y
Waterfront Description Sandy Beach
Water Access Y
Water Access Desc Boat - Powered,Canoe/Kayak,Fishing Allowed,Personal Watercraft (PWC),Public Access,Waterski/Wakeboard
View Panoramic, Ocean, Water
Accessibility 36\"+ wide Halls, Doors - Swing In, Elevator
Parking Type Off Street, Parking Lot
Total Parking Spaces 1
Garage N
Building
Story 1
Unit Features Hi-Rise 9+ Floors
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Worcester County Public Schools
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Insurance,Lawn Maintenance,Management,Pool(s),Reserve Funds,Taxes
Senior Community No
Tax ID 2410102553
Ownership Condominium
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Description No Pet Restrictions
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Bought with Brendan Butler • Cummings & Co. Realtors
"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."
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