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Off market
  • $550,100

    205 Somerset St Unit B409, Ocean City, MD 21842

    2beds
    1,037sqft
    Condo
    Built in 1987
    -- sqft lot
    $550,100 Zestimate®
    $530/sqft
    $2,139 Estimated rent

    Home value

    $550,100

    $512,000 - $594,000

    $2,139/mo

    Zestimate® history
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    $3,487/mo

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    What's special

    This beautiful condo is "move in" ready! New appliances, windows, sliders, granite counter in kitchen and some upgrades in bathrooms. Freshly painted with new furnishings in bedrooms. New window treatments. Cork flooring is easy to keep and deters noise transfer. Unit has a deeded boat slip, #2. Fantastic views from this 4th floor unit! You can sit on your private balcony and enjoy views of the marina, bay, incoming boats to and from the Rt. 50 bridge. Sunsets are spectacular! Enjoy the amenities of the outdoor pool, access to marina and multiple piers. If you are a fisherman, no bridges to go under from this marina! Unit rents well with a $20,000 plus income. Unit owners manage unit so it is kept immaculately clean and maintained. Building has a keyed elevator that has just been rebuilt . Marina, bulkhead and pool have all been renovated. This condo association has assessed a 5 year Special Assessment for the upgrading of the A Building and B Building. . This unit owner will pay all approved assessments that are currently scheduled for the upcoming 5 year period. Don't wait to see this gem of a buy!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Heat pump, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator, Washer
    Features
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,037 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Accessibility
    • Accessibility features: Level Entry - Main, Doors - Swing In, Doors - Lever Handle(s), Low Pile Carpeting, Accessible Switches/Outlets
    Features
    • Exterior features: Other, Vinyl, Cement / Concrete
    • Pool features: In Ground, Fenced
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 10309646
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    Materials
    • Roof: Metal
    Condition
    • Year built: 1987

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $136 monthly
    Location
    • Region: Ocean City

    Financial & listing details

    • Price per square foot: $530/sqft
    • Tax assessed value: $395,767
    • Annual tax amount: $5,420
    • Total actual rent: 20000

    Price history

    DateEventPrice
    4/1/2020Sold$359,000$346/sqft
    Source: Public Record Report a problem
    3/2/2020Pending sale$359,000$346/sqft
    Source: Long & Foster Real Estate, Inc. #MDWO112480 Report a problem
    2/28/2020Listed for sale$359,000+12.5%$346/sqft
    Source: Long & Foster Real Estate, Inc. #MDWO112480 Report a problem
    10/29/2016Listing removed$319,000$308/sqft
    Source: Sea Grace at N Beach Realtors #500882 Report a problem
    9/4/2016Price change$319,000-5.9%$308/sqft
    Source: Sea Grace at N Beach Realtors #500882 Report a problem
    12/1/2015Listed for sale$339,000-5.6%$327/sqft
    Source: Sea Grace at N Beach Realtors #500882 Report a problem
    5/24/2014Listing removed$359,000$346/sqft
    Source: Sea Grace of North Beach, Realtors #WO8240685 Report a problem
    12/18/2013Listed for sale$359,000-12.4%$346/sqft
    Source: Sea Grace of North Beach, Realtors #WO8240685 Report a problem
    10/6/2004Sold$410,000$395/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,420 +12.1%$395,767 +14.5%
    2024$4,837 +16.1%$345,633 +17%
    2023$4,165 +1.2%$295,500
    2022$4,117 +1%$295,500 +2.4%
    2021$4,077 +1.2%$288,567 +1.2%
    2020$4,028 -0.7%$285,100
    2019$4,056 +0.7%$285,100
    2018$4,027 -7.7%$285,100 -7.7%
    2017$4,363 -0.4%$309,000
    2016$4,380 $309,000
    2015$4,380 $309,000 -2%
    2014$4,380 $315,200
    2013-- $315,200
    2012-- $315,200 -13.6%
    2011-- $365,020
    2010-- $365,020
    2009-- $365,020 -20%
    2008-- $456,280 +20.5%
    2007-- $378,502 +25.9%
    2006-- $300,726 +34.9%
    2005-- $222,950 +16.7%
    2004-- $190,966 +20.1%
    2003-- $158,983 +12%
    2002-- $142,000
    2001-- $142,000
    Find assessor info on the county website

    Neighborhood: Boardwalk/Inlet

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: OCEAN CITY
    • Middle: STEPHEN DECATUR
    • High: STEPHEN DECATUR
    • District: WORCESTER COUNTY PUBLIC SCHOOLS

    Source: The 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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    $550,100
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    +$11,002
    With Zillow Showcase(estimated)
    $561,102