Details

401 Atlantic Avenue 402
Ocean City, Maryland MD 21842-8906
Sold For: $575,000
Sold Date 5/22/2023
Price/SqFt $656.35
CLOSED Status, 2 Bedrooms, 2 Full Baths
914 SqFt
Subdivision: NONE AVAILABLE
Listing ID # MDWO2012364

Property Description:

2 Bedroom 2 Bathroom Direct Oceanfront condominium located in the El Capitan. This popular floorplan includes an Oceanfront bedroom with a large private balcony as well as an Oceanfront living room with an additional large balcony. Enjoy Ocean City's famous boardwalk from above in this well maintained property. Upgrades include sliding glass doors leading to both balconies as well as a modernized kitchen and bar. Convenient additional storage can be found in the upstairs bedroom. This property delivers fully furnished including indoor and outdoor furnishings. Not currently in a rental program for 2023, but was an excellent rental in the recent past grossing $49,727.29 in rental income in 2022. El Capitan is professionally managed by Mann Properties and features an outdoor pool, elevator, and off street parking (1 spot unassigned). The location is ideal offering close proximity to not only the boardwalk, but also Sunset Park and several popular shops and restaurants. Schedule an appointment to see this property today! Seller to participate in a 1031 tax deferred exchange at no cost to buyer.

Primary Features

County: Worcester
Price/SqFt: 656.35
Property Sub Type: Unit/Flat/Apartment
Property Type: Residential
Subdivision: NONE AVAILABLE
Year Built: 1974
Zoning: R-3

Interior

Above Grade Finished Area Units: Square Feet
Above Grade Finished SqFt Source: Assessor
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Dispenser, Water Heater, Icemaker
Basement: no
Bathrooms Count Main Level: 1
Bathrooms Count Upper Level 1: 1
Bathrooms Full Main Level: 1
Bathrooms Full Upper Level 1: 1
Bedrooms Count Main Level: 1
Bedrooms Count Upper Level 1: 1
Below Grade Finished Area Units: Square Feet
Below Grade Finished SqFt Source: Assessor
Below Grade Unfinished Area Units: Square Feet
Below Grade Unfinished SqFt Source: Assessor
Central Air: yes
Common Walls: 2+ Common Walls
Cooling Type: Central A/C, Ceiling Fan(s)
Flooring Type: Carpet, Ceramic Tile
Heating: yes
Heating Type: Forced Air
Laundry Type: Washer In Unit, Dryer In Unit
Levels Count: 2
Living Area SqFt Source: Assessor
Room Count: 7
Total Below Grade SqFt Source: Assessor
Total SqFt: 914
Total SqFt Source: Assessor
Unit Building Type: Mid-Rise 5 - 8 Floors
Wall & Ceiling Types: Dry Wall, Masonry

External

Architectural Style: Split Level
Community Pool Features: Concrete, Fenced, In Ground
Construction Materials: Concrete
Cooling Fuel: Electric
Door Features: Six Panel, Sliding Glass
Electric Service: Circuit Breakers
Exterior Features: Street Lights
Federal Flood Zone: X
Garage: no
Heating Fuel: Electric
Horses: no
Hot Water: Electric
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Main Entrance Orientation: South
Navigable Water: no
New Construction: no
Other Structures: Above Grade, Below Grade
Outdoor Living Structures: Balconies- Multiple
Parking Features: Paved Parking, Unassigned
Pool: Yes - Community
Roof: Flat
Sewer Septic: Public Sewer
Tidal Water: no
Total Garage and Parking Spaces: 1
Type of Parking: Off Street
Utilities: Cable TV Available, Electric Available
Water Access: no
Water Oriented: no
Water Source: Public
Water View: yes

Location

Building Name: El Capitan
Condo/Co-op Association: yes
Country: US
HOA: no
In City Limits: yes
Location Type: Oceanfront
MLS Area: Direct Oceanfront (80)
Municipality: Ocean City
School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
School District Source: Listing Agent
Senior Community: no
Transportation: Bus Stop less than 1 mile
View Type: Bay, City, Ocean, Panoramic
Waterfront: no

Additional

Accessibility Features: Elevator
Days on Market: 46
HOA/Condo/Co-op Amenities: Common Grounds, Elevator, Pool - Outdoor, Storage Bin
Land Use Code: U
Municipal Trash: yes
Property Condition: Very Good
Property Manager: Y
Story List: Lower 1, Main, Upper 1
Year Assessed: 2023
Year Built Source: Assessor

Financial

Acceptable Financing: Cash, Conventional
Association Recreation Fee: N
Automatically Update Tax Values: yes
Buyer Financing: Cash
Condo/Co-op Fee: 1734
Condo/Co-op Fee Frequency: Quarterly
Condo/Co-op Name: El Capitan
Exclusions: Personal Items
Ground Rent Exists: no
HOA/Condo/Co-op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds
Inclusions: Fully Furnished
Lease Considered: no
Ownership Interest: Fee Simple
Possession: Settlement
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 5599
Tax Assessed Value: 400300
Tax Data Updated: no
Tax Lot: 402
Tax Total Finished SqFt: 914
Tax Year: 2023
Vacation Rental: no

Zoning Info


Listing courtesy of Keller Williams Realty Delmarva (410) 524-6400

© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Keller Williams Realty Delmarva. Data last updated on Friday, March 29th, 2024 08:24:37 AM.

Contact - Listing ID MDWO2012364

Wendy Wilmowski

2838 Audubon Village Dr. Unit 7204
Audubon, PA 19407
Phone: 215-876-2000
Phone Alt: 202-352-2452
wendy@twocrownhome.com

Data services provided by IDX Broker