Water Views
Address
206 Somerset Street # 4 Ocean City, MD
Price
$ 949,000
Property Attributes
  • MLS#MDWO115388
  • TypeSingle Family
  • CountyWORCESTER
  • CityOcean City
  • AreaBayside Interior
  • NeighborhoodNONE AVAILABLE
  • Zip21842
  • StyleCoastal
  • Year Built1930
  • Taxes520
  • Price$ 949,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5840
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
Bright MLS
Property Description

Welcome to your next opportunity in the Ocean City, MD opportunity zone at the Somerset Harbor property boosting 56 land use options with this DMX zoned land and units. The existing 3 buildings features 2x two bedroom, 1 bathroom units making up 6 units, and confirms with 6-12 possible units w/ redevelopment options set to improve the area. Currently, 4 units are rented as a AirBnb vacation rental and 2 as employee/student summer housing. Each unit has been moderately updated, and is already income producing. DMX zoning allows for 56 land use redevelopment options such as a new condo building, single family home(s), hotel/motel, commercial, mixed-use, retail stores, the list goes on.... Inquire for Land-Use Resources.

Elementary School Middle School High School
Ocean City Elementary School Stephen Decatur Middle School Stephen Decatur High School
Price History
7/27/2020 Listed $949,000

General Features

Acceptable Financing Conventional, Bank Portfolio
Accessibility Other
Additional Parcels Y/N Yes
Architectural Style Coastal
Association Y/N No
Bathrooms Count Main Level 3.00
Bathrooms Full Main Level 3
Building Name NONE AVAILABLE
Condo/Coop Association Y/N No
Construction Materials Stick Built
Cool Fuel Electric
Cooling Window Unit(s)
County WORCESTER
Days on Market 284
Electric Other
Elementary School OCEAN CITY
Exterior Features Street Lights, Other
Facing Direction South
Garage Y/N No
Heating None
High School STEPHEN DECATUR
High School District WORCESTER COUNTY PUBLIC SCHOOLS
Levels 2
Location Type Bayblock
MLS Area Bayside Interior (83)
Middle/Junior High School STEPHEN DECATUR
Municipality Ocean City
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Dirt Driveway, Gravel Driveway
Possession 0-30 Days CD, Negotiable
Price Per Sq Ft 162.5
Property Type Residential
PropertyCondition Average
Roof Architectural Shingle
Senior Community Y/N No
Sewer Public Sewer
Structure Type Detached
Subdivision Name NONE AVAILABLE
Tax Annual Amount 520.0
Tax Lot 4
Tax Year 2020
Unit Number 4
Utilities Other
Vacation Rental Y/N Yes
View Bay, City, Harbor, Marina, Scenic Vista, Street, Water
Water Access Y/N No
Zoning DMX
Zoning Description Mixed use, pedestrian-oriented area that encourages development & redevelopment characteristic of the oldest part of Ocean City.

Interior Features

Above Grade Finished Area 5840
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
Bathrooms Count All Lower Levels 3
Bathrooms Count Lower Level 1 3.00
Bathrooms Full All Lower Levels 3
Bathrooms Full Lower Level 1 3
Bedrooms Count All Lower Levels 6
Bedrooms Count Lower Level 1 6
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N No
Fireplace Y/N No
Full Baths 6
Heating Fuel None
Hot Water Other, Electric
Living Area 5840
Main Level Bedrooms 6
Total Baths 6
Total Bedrooms 12

Exterior Features

Foundation Details Block
Horse Y/N No
Lot Dimensions 100.00 x 50.00
Lot Features Additional Lot(s), Premium, Subdivision Possible, Other
Lot Size Acres 0.11
Lot Size Source Estimated
Lot Size Square Feet 5000.00
Navigable Water Y/N No
Parking Lot - # Of Spaces 6
Pool Y/N No Pool
Road Frontage Length 100
Spa No
Total Parking Spaces 6
Type of Parking Driveway, On Street, Off Street, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N Yes
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21842

Price
AVG $1.55M
$950K
Taxes
AVG $6,768
$520
Visits
AVG 181
244
Year Built
AVG 1983
1930
Walkscore
AVG 33
60
Data Provided by Walkscore ® not using MLS data

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