Very large townhouse with 2 bedroom 2.5 baths in desirable downtown location. Walk to beach, boardwalk, amusements, inlet, bayside water sports, festivals, restaurants, pubs, shops and more. Just 2 blocks to boardwalk and 1 block to bay, you will not need to move your car once you arrive. There is under unit 2 car assigned parking, outside shower and outside storage unit. This is a small 6 unit condominium which is self managed. Unit has newly installed Smartcore vinyl plank engineered wood flooring on the 1st floor. All furnishings convey. This could be a turnkey rental property with strong rental history. 2022 $41,191 gross income, 2023 $35,357 gross income and YTD bookings 2024 $27,417. 2024 rentals must be honored. Roof is approximately 4 years old and building exterior is very well maintained.
Sold for $545,000
$545,000
109 Somerset St #5-B-2, Ocean City, MD 21842
3beds
1,360sqft
Townhouse
Built in 2002
-- sqft lot
$539,400 Zestimate®
$401/sqft
$2,017 Estimated rent
Home value
$539,400
$507,000 - $572,000
$2,017/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Joyce Melbourne Husman 410-490-0948,
Berkshire Hathaway HomeServices PenFed Realty - OP
Bought with:
Michael Dodson, RS-0036853
Sheppard Realty Inc
Source: Bright MLS,MLS#: MDWO2020890
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Oven/Range - Electric, Refrigerator, Cooktop, Washer, Electric Water Heater
- Laundry: Main Level
Features
- Ceiling Fan(s), Dry Wall
- Flooring: Engineered Wood, Carpet
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total structure area: 1,360
- Total interior livable area: 1,360 sqft
- Finished area above ground: 1,360
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Covered, Paved, Private, Under Home Parking, Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting, Extensive Hardscape, Rain Gutters, Outdoor Shower, Storage
- Pool features: None
- Waterfront features: Oceanside
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410410118
- Zoning: C-1
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Frame, Masonry, Vinyl Siding
- Foundation: Pilings
- Roof: Asphalt
Condition
- Very Good
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Available, Phone Available
Community & HOA
Community
- Condo and coop fee: $1,000 quarterly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: Storage, Reserved/Assigned Parking, Storage Bin
- Services included: Common Area Maintenance, Maintenance Structure, Insurance, Maintenance Grounds, Reserve Funds
- HOA name: Nowalk To The Boardwalk
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $401/sqft
- Tax assessed value: $229,800
- Annual tax amount: $3,239
- Date on market: 5/11/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Fully Furnished
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2024 | Sold | $545,000-0.7%$401/sqft |
Source:  Bright MLS #MDWO2020890 Report a problem | ||
| 6/19/2024 | Pending sale | $549,000$404/sqft |
Source: Bright MLS #MDWO2020890 Report a problem | ||
| 5/20/2024 | Contingent | $549,000$404/sqft |
Source: Bright MLS #MDWO2020890 Report a problem | ||
| 5/11/2024 | Listed for sale | $549,000+61.5%$404/sqft |
Source: Bright MLS #MDWO2020890 Report a problem | ||
| 5/6/2016 | Listing removed | $340,000$250/sqft |
Source: Beach Real Estate Inc #501130 Report a problem | ||
| 12/16/2015 | Listed for sale | $340,000+106.1%$250/sqft |
Source: Beach Real Estate Inc #501130 Report a problem | ||
| 9/30/2014 | Sold | $165,000+26.9%$121/sqft |
Source: Public Record Report a problem | ||
| 7/23/1998 | Sold | $130,000$96/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,781 +6.8% | $276,067 +9.1% |
| 2024 | $3,540 +9.3% | $252,933 +10.1% |
| 2023 | $3,239 | $229,800 |
| 2022 | $3,239 -0.2% | $229,800 |
| 2021 | $3,247 | $229,800 |
| 2020 | $3,247 -0.7% | $229,800 |
| 2019 | $3,269 +0.7% | $229,800 |
| 2018 | $3,246 +0% | $229,800 |
| 2017 | $3,245 -3% | $229,800 +3% |
| 2016 | $3,346 | $223,000 +3.1% |
| 2015 | $3,346 | $216,200 +3.2% |
| 2014 | $3,346 | $209,400 |
| 2013 | -- | $209,400 |
| 2012 | -- | $209,400 -24.9% |
| 2011 | -- | $278,800 |
| 2010 | -- | $278,800 |
| 2009 | -- | $278,800 -22.1% |
| 2008 | -- | $357,680 +1.5% |
| 2007 | -- | $352,372 +1.5% |
| 2006 | -- | $347,066 +1.6% |
| 2005 | -- | $341,760 +7.7% |
| 2004 | -- | $317,460 +8.3% |
| 2003 | -- | $293,160 |
Find assessor info on the county website
Neighborhood: Boardwalk/Inlet
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Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 1.6 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 5.6 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 5.6 mi
Schools provided by the listing agent
- District: Worcester County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Maryland
- Worcester County
- Ocean City
- 21842
- Boardwalk/Inlet
- 109 Somerset St Unit 5-B-2
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