Listing ID: MDWO2008758
Price: $1,195,000
Status: ACTIVE
Address: 2 Dorchester Street 702
Unit Number: 702
City: Ocean City
State: Maryland
Postal Code: 21842
Bedrooms: 3
Total Baths: 3
Full Baths: 3
SqFt: 1,693
County: Worcester
Ocean City
MD
21842
RARE FIND!! PREMIUM 3 BEDROOM, 3 BATHROOM DIRECT OCEAN FRONT UNIT - PRIME BOARDWALK LOCATION!!! GREAT INVESTMENT OPPORTUNITY ! ONE OF THE HIGHEST RENTAL INCOME PRODUCING BUILDINGS IN TOWN!! Just under $77,000 gross rental income booked so far for 2022. Absolutely pristine, 7th floor furnished unit with views of the ocean, Ocean City Inlet, OC ferris wheel, open bay, and Assateague Island. Gourmet kitchen, granite counter tops, stainless steel appliances, wet bar, gas fire place (gas paid for by the condo association). His and hers closets in primary bedroom, spa like primary bathroom, ocean front balcony accessible from main living area. Secure building, 2 elevators, gated parking garage, two assigned parking spaces located the east side of the gated parking garage, secure owners storage area, very large southern exposed outdoor community pool, sun deck, community picnic area, putting green with absolutely breath taking water views. Sauna, exercise room, owners meeting room and outdoor shower. Very well managed condo association. Buyers must honor existing rentals. Don't wait! This GEM won't last long. See floor plan in photos.

Primary Features

County: Worcester
Price/SqFt: 705.85
Property Sub Type: Unit/Flat/Apartment
Property Type: Residential
Subdivision: NON DEVELOPMENT
Year Built: 2007
Zoning: RESIDENTIAL

Interior

Above Grade Finished Area Units: Square Feet
Above Grade Finished SqFt Source: Assessor
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven - Single, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
Basement: no
Bathrooms Count Main Level: 3
Bathrooms Full Main Level: 3
Bedrooms Count Main Level: 3
Below Grade Finished Area Units: Square Feet
Below Grade Finished SqFt Source: Assessor
Below Grade Unfinished Area Units: Square Feet
Below Grade Unfinished SqFt Source: Assessor
Central Air: yes
Common Walls: 2+ Common Walls
Cooling Type: Central A/C
Fireplace: yes
Fireplace Features: Fireplace - Glass Doors
Flooring Type: Carpet, Ceramic Tile
Heating: yes
Heating Type: Heat Pump(s)
Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Dining Area, Flat, Floor Plan - Open, Kitchen - Gourmet, Sprinkler System, Wainscotting, Upgraded Countertops, Wet/Dry Bar, WhirlPool/HotTub, Window Treatments
Laundry Type: Dryer In Unit, Washer In Unit
Levels Count: 1
Living Area SqFt Source: Assessor
Spa: no
Total Below Grade SqFt Source: Assessor
Total SqFt: 1693
Total SqFt Source: Assessor
Unit Building Type: Hi-Rise 9+ Floors
Wall & Ceiling Types: 9'+ Ceilings, Dry Wall

External

Architectural Style: Coastal
Assigned Parking Space Number(s): 702
Assigned Spaces Count: 2
Building Units Total: 1
Community Pool Features: Fenced, In Ground
Construction Materials: Stucco
Cooling Fuel: Electric
Garage: yes
Garage Features: Covered Parking, Garage Door Opener
Garage Spaces Count: 150
Heating Fuel: Electric
Horses: no
Hot Water: Electric
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Main Entrance Orientation: West
Navigable Water: no
New Construction: no
Other Structures: Above Grade, Below Grade
Parking Features: Assigned, Lighted Parking, Secure Parking
Parking Garage Number of Spaces: 150
Pool: Yes - Community
Roof: Metal
Sewer Septic: Public Sewer
Total Garage and Parking Spaces: 150
Type of Parking: Off Street, Parking Garage
Utilities: Cable TV
Water Access: yes
Water Body Type: Ocean
Water Oriented: yes
Water Source: Public
Water View: yes

Location

Building Name: Belmont Towers
Condo/Co-op Association: yes
Country: US
HOA: no
In City Limits: yes
Location Type: Oceanfront
MLS Area: Direct Oceanfront (80)
Municipality: Ocean City
School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
School District Source: Listing Agent
Senior Community: no
Transportation: Bus Stop less than 1 mile
View Type: Bay, Ocean, Panoramic, Water
Waterfront: yes

Additional

Accessibility Features: None
Days on Market: 31
Historic: no
HOA/Condo/Co-op Amenities: Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Meeting Room, Picnic Area, Pool - Outdoor, Putting Green, Sauna
Land Use Code: U
Municipal Trash: yes
Property Condition: Excellent
Property Manager: Y
Story List: Main
Year Assessed: 2022
Year Built Source: Assessor

Financial

Acceptable Financing: Bank Portfolio, Cash, Conventional, Exchange
Association Recreation Fee: N
Automatically Update Tax Values: yes
Condo/Co-op Fee: 2400.88
Condo/Co-op Fee Frequency: Quarterly
Ground Rent Exists: no
HOA/Condo/Co-op Fee Includes: Ext Bldg Maint, Gas, Insurance, Management, Pool(s), Reserve Funds, Sauna, Water
Lease Considered: no
Ownership Interest: Condominium
Possession: Settlement
Sale Type: Standard
Tax Annual Amount: 10239
Tax Assessed Value: 724600
Tax Lot: 702
Tax Total Finished SqFt: 1693
Tax Year: 2021
Vacation Rental: yes

Zoning Info


© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but 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 consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing courtesy of Berkshire Hathaway HomeService PenFed Realty - WOC. Data last updated on Sunday, August 7th, 2022 11:36:42 PM.

Contact - Listing ID MDWO2008758

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Eric Feinberg

1137 N 3rd Street Suite 2
Philadelphia, PA 19123
Phone: 4849485872

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