Great downtown location. 1 block to bay, 2 blocks to Ocean. Walk to boardwalk, amusements, inlet, beach, bay water sports, restaurants, pubs, shops, festivals and more. This large 3 bedroom 2 bath townhouse was built in 2002 and has been upgraded throughout. The building has balconies, under building assigned parking for two autos, roof approximately 4 years old, and is meticulously maintained. This is a small self- managed condominium with only 6 total townhouses. This unit would be great for investors with strong rental income. 2022 gross income $36,707, 2023 gross income $35,380 and YTD bookings for 2024 $34,395. 2024 bookings must be honored. This would also make a great family property for personal use. Owners may have pets, tenants may not. Beautiful Smartcore vinyl wood plank flooring.
Sold for $530,000
$530,000
111 Somerset St #2-B-1, Ocean City, MD 21842
3beds
1,198sqft
Townhouse
Built in 2000
-- sqft lot
$505,600 Zestimate®
$442/sqft
$2,391 Estimated rent
Home value
$505,600
$470,000 - $541,000
$2,391/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:
Kevin Hammersmith, SP200205389
Berkshire Hathaway HomeServices PenFed Realty
Source: Bright MLS,MLS#: MDWO2020874
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Heat Pump, Central, Electric
Cooling
- Central Air, Heat Pump, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Down Draft, Dryer, Freezer, Exhaust Fan, Ice Maker, Refrigerator, Cooktop, Washer, Water Heater, Electric Water Heater
- Laundry: Main Level
Features
- Dry Wall
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,198
- Total interior livable area: 1,198 sqft
- Finished area above ground: 1,198
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Covered, Assigned, Paved, Private, Under Home Parking, Garage
- Garage spaces: 2
- Details: Assigned Parking
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting, Rain Gutters, Sidewalks, Extensive Hardscape, Outdoor Shower
- Pool features: None
- Waterfront features: Oceanside
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410410053
- 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: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Phone Available, Electricity Available, Broadband, Cable
Community & HOA
Community
- Condo and coop fee: $1,000 quarterly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: Other
- Services included: All Ground Fee, Common Area Maintenance, Maintenance Structure, Insurance, Reserve Funds
- HOA name: Nowalk To The Boardwalk
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $442/sqft
- Tax assessed value: $224,000
- Annual tax amount: $3,158
- Date on market: 5/11/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Inclusions: All Furnishings Included
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2024 | Sold | $530,000-3.5%$442/sqft |
Source:  Bright MLS #MDWO2020874 Report a problem | ||
| 9/10/2024 | Contingent | $549,000$458/sqft |
Source: Bright MLS #MDWO2020874 Report a problem | ||
| 5/11/2024 | Listed for sale | $549,000+206.7%$458/sqft |
Source: Bright MLS #MDWO2020874 Report a problem | ||
| 2/20/2011 | Listing removed | $179,000$149/sqft |
Source: foreclosure.com Report a problem | ||
| 1/15/2011 | Price change | $179,000-24.8%$149/sqft |
Source: foreclosure.com Report a problem | ||
| 12/12/2010 | Price change | $238,000-10.9%$199/sqft |
Source: foreclosure.com Report a problem | ||
| 12/11/2010 | Price change | $267,000-2.9%$223/sqft |
Source: foreclosure.com Report a problem | ||
| 11/11/2010 | Price change | $274,900-8.3%$229/sqft |
Source: foreclosure.com Report a problem | ||
| 10/10/2010 | Price change | $299,900-11.8%$250/sqft |
Source: foreclosure.com Report a problem | ||
| 10/2/2010 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 7/28/2004 | Sold | $340,000$284/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,692 +6.9% | $269,533 +9.2% |
| 2024 | $3,454 +9.4% | $246,767 +10.2% |
| 2023 | $3,158 | $224,000 |
| 2022 | $3,158 -0.2% | $224,000 |
| 2021 | $3,165 | $224,000 |
| 2020 | $3,165 -0.7% | $224,000 |
| 2019 | $3,187 +0.7% | $224,000 |
| 2018 | $3,164 +0% | $224,000 |
| 2017 | $3,163 -3.1% | $224,000 +3.1% |
| 2016 | $3,263 | $217,200 +3.2% |
| 2015 | $3,263 | $210,400 +3.3% |
| 2014 | $3,263 | $203,600 |
| 2013 | -- | $203,600 |
| 2012 | -- | $203,600 -25.1% |
| 2011 | -- | $271,940 |
| 2010 | -- | $271,940 |
| 2009 | -- | $271,940 -23.8% |
| 2008 | -- | $357,000 +2.1% |
| 2007 | -- | $349,620 +2.2% |
| 2006 | -- | $342,240 +2.2% |
| 2005 | -- | $334,860 +13.8% |
| 2004 | -- | $294,372 +15.9% |
| 2003 | -- | $253,886 |
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
- 111 Somerset St Unit 2-B-1
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