2 Dorchester Street Unit #UNIT 703, Ocean City, MD 21842

$995,000
3
BD
3
BA
1,693
SqFt
Sold Price
$995,000
List Price
$995,000
Closing Date
Apr 22, 2022
Days on Market
57
Status
CLOSED
MLS#
MDWO2004990
Bedrooms
3
Bathrooms
3
Full Baths
3
Living Area
1,693
Style
Coastal
Year Built
2007
County
Worcester
School District
Worcester County Public Schools

Property Description

RARE FIND!! PREMIUM 3 BEDROOM, 3 BATHROOM DIRECT OCEAN FRONT UNIT - PRIME BOARDWALK LOCATION!!! GREAT INVESTMENT OPPORTUNITY OR PERFECT SECOND HOME! ONE OF THE HIGHEST RENTAL INCOME PRODUCING BUILDINGS IN TOWN!! This unit has over $69,000 in gross rental income booked so far for 2022 and still booking. Very strong rental history (unit grossed just a few dollars under $96,000 in 2021). Absolutely pristine, 7th floor decorator furnished unit with views of the ocean, Ocean City Inlet, OC ferris wheel, open bay, and Assateague Island. Custom paint design throughout. 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 and primary bedroom, incredible views from every bedroom, kitchen, dining and living area. Secure building, 2 elevators, gated parking garage, two side-by side assigned parking spaces located the east side of level 2 of the gated parking garage, secure owners storage area, very large southern facing 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.

Additional Information

Area
Direct Oceanfront (80)
Subdivision
Non Development
Building Name
Belmont Towers
Taxes
$10239
Condo Fee
$2225
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
Amenities
Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Meeting Room, Picnic Area, Pool - Outdoor, Putting Green, Sauna
School District
Worcester County Public Schools
Elementary School
Ocean City
Middle School
Stephen Decatur
High School
Stephen Decatur
Fireplace Description
Fireplace - Glass Doors
Flooring
Carpet, Ceramic Tile
Garage Spaces
150
Community Amenities
Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Meeting Room, Picnic Area, Pool - Outdoor, Putting Green, Sauna
View
Bay, Ocean, Panoramic, Water
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C
Roof
Metal
Utilities
Cable TV
Water
Public
Sewer
Public Sewer
Furnished
Yes

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeService PenFed Realty - WOC. Selling Office: .