An Ocean City, Maryland BEST BUY! A rare opportunity to own in Ocean City, Maryland UNDER $200K! Cute 1 bedroom being sold TURN-KEY with ALL furnishings! Located downtown in small complex with community, outdoor pool. Currently used as a STR (Short Term Rental). Just around the corner from one of Ocean City's largest open space parks with basket ball courts, playground and skate park. Just a quick stroll to the boardwalk, OC beaches, public fishing pier and popular restaurants. Park your car and forget about it! EZ access to everything Ocean City has to offer! Buyer must honor existing rentals through Holiday Real Estate.
Sold for $160,000
$160,000
205 5th St Unit 43, Ocean City, MD 21842
1beds
289sqft
Condominium
Built in 1940
-- sqft lot
$178,000 Zestimate®
$554/sqft
$1,309 Estimated rent
Home value
$178,000
$164,000 - $194,000
$1,309/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mia McCarthy 443-497-0182,
Keller Williams Realty Delmarva
Bought with:
Jonathan M Barker, 618143
Keller Williams Realty Delmarva
Source: Bright MLS,MLS#: MDWO2014522
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Multi Units, Window Unit(s), Electric
Appliances
- Included: Oven/Range - Electric, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 289
- Total interior livable area: 289 sqft
- Finished area above ground: 289
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410749573
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Cottage
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stick Built
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Available
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $929 quarterly
- Subdivision: Ocean City Heights
HOA
- Has HOA: No
- Amenities included: Common Grounds, Laundry, Pool
- Services included: Common Area Maintenance, Maintenance Structure, Insurance, Laundry, Management, Maintenance Grounds, Pool(s), Reserve Funds, Road Maintenance, Snow Removal
- HOA name: Parrot Bay
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $554/sqft
- Tax assessed value: $56,000
- Annual tax amount: $789
- Date on market: 6/15/2023
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Furnished.
- Exclusions: None.
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 7/26/2023 | Sold | $160,000-11.1%$554/sqft |
Source:  Bright MLS #MDWO2014522 Report a problem | ||
| 6/20/2023 | Contingent | $180,000$623/sqft |
Source: Bright MLS #MDWO2014522 Report a problem | ||
| 6/15/2023 | Listed for sale | $180,000+44%$623/sqft |
Source: Bright MLS #MDWO2014522 Report a problem | ||
| 6/30/2021 | Sold | $125,000$433/sqft |
Source: Public Record Report a problem | ||
| 5/16/2021 | Contingent | $125,000$433/sqft |
Source: Bright MLS #MDWO122272 Report a problem | ||
| 5/6/2021 | Listed for sale | $125,000+115.5%$433/sqft |
Source: Bright MLS #MDWO122272 Report a problem | ||
| 6/2/2014 | Sold | $58,000$201/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,350 +24.8% | $98,600 +27.6% |
| 2024 | $1,082 +37.1% | $77,300 +38% |
| 2023 | $789 | $56,000 |
| 2022 | $789 -0.2% | $56,000 |
| 2021 | $791 | $56,000 |
| 2020 | $791 -0.7% | $56,000 |
| 2019 | $797 +0.7% | $56,000 |
| 2018 | $791 +0% | $56,000 |
| 2017 | $791 -46.1% | $56,000 |
| 2016 | $1,467 | $56,000 |
| 2015 | $1,467 | $56,000 -5.1% |
| 2014 | $1,467 | $59,000 |
| 2013 | -- | $59,000 |
| 2012 | -- | $59,000 -51.7% |
| 2011 | -- | $122,240 +7.2% |
| 2010 | -- | $114,052 +7.7% |
| 2009 | -- | $105,866 +8.4% |
| 2008 | -- | $97,680 +3.5% |
| 2007 | -- | $94,402 |
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: 1.4 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 5.8 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 5.7 mi
Schools provided by the listing agent
- Elementary: Ocean City
- Middle: Stephen Decatur
- High: Stephen Decatur
- 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
- 205 5th St Unit 43
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