16 days on rocket

109 Somerset St Unit 5B 2, Ocean City, MD, 21842

$549,000

Home List Price

$6,519*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,360 SqFt
$404/SqFt
Townhouse
Schools Nearby

Location

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109 Somerset St Unit 5B 2, Ocean City$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
ParkingCovered Parking, Paved Parking, Private, Under Home Parking, Parking Garage
Garage2 spaces
Year Built2002
HeatingForced Air, Heat Pump
CoolingCentral Air
FireplaceElectric
MLS #MDWO2020890
StatusActive
(ACTIVE)

About 109 Somerset St Unit 5B 2

Very large townhouse with 2 bedroom 2.5 baths in desirable downtown location. Walk to beach, boardwalk, amusements, inlet, bayside water sports, festivals, restaurants, pubs, shops and more. Just 2 blocks to boardwalk and 1 block to bay, you will not need to move your car once you arrive. There is under unit 2 car assigned parking, outside shower and outside storage unit. This is a small 6 unit condominium which is self managed. Unit has newly installed Smartcore vinyl plank engineered wood flooring on the 1st floor. All furnishings convey. This could be a turnkey rental property with strong rental history. 2022 $41,191 gross income, 2023 $35,357 gross income and YTD bookings 2024 $27,417. 2024 rentals must be honored. Roof is approximately 4 years old and building exterior is very well maintained.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2002
  • Stories: 2
  • Living Area: 1,360 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty - OP
  • Office Phone: (410) 208-3500
  • Listing Agent: Joyce A Melbourne Husman

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Oven, Electric Range, Refrigerator, Stove, Washer
  • Basement: No
  • Flooring Type: Engineered Wood, Carpet
  • Interior: Ceiling Fan(s)
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Exterior Lighting, Extensive Hardscape, Gutter System, Outside Shower, Secure Storage

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Covered Parking, Paved Parking, Private, Under Home Parking, Parking Garage

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Stephen Decatur High School, Public District Grades 9-12
  • Stephen Decatur Middle School, Public District Grades 7-8
  • Berlin Intermediate School, Public District Grades 4-6
  • Ocean City Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Enter OC on Rt 50 bridge, right on Philadelphia, left on Somerset. property on right

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000
  • Price Per SqFt: $404/SqFt
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

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Ocean City, MD

City

Med. Sold Price

$439.4K

Med. Price/SqFt

$431

Avg. Days On Market

50

# of Sold Homes

98

109 Somerset St Unit 5B 2 vs Ocean City

16 DAYS ON ROCKET

-34 Days

$549,000

+$109.5K More

$404/SqFt

-$28 Less

KEY TAKEAWAY

This property is $109.5K more than the Median Sold Price and $28/SqFt less than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2020890

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty - OP
  • Office Phone: (410) 208-3500
  • Listing Agent: Joyce A Melbourne Husman

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 2:20:45 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$2,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3754499
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.60 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3754500
10
/10

  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 5.53 miles

  • Public District Grades 7-8

school-card-donut-3754501
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 6.68 miles

  • Public District Grades 4-6

High School

school-card-donut-3754502
7
/10

  • Stephen Decatur High School

  • 9913 Seahawk Rd

  • 5.61 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $103,906. Typical income of Ocean City, MD residents is between $100k-200k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 109 Somerset St Unit 5B 2

What is the listing price of this property?

The listing price of 109 Somerset St Unit 5B 2 property is $549,000.

What type of property is this?

The property 109 Somerset St Unit 5B 2 is a townhouse located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 109 Somerset St Unit 5B 2 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 109 Somerset St Unit 5B 2 are:
Ocean City Elementary School: GreatSchools Rating 10/10
Stephen Decatur Middle School: GreatSchools Rating 10/10
Berlin Intermediate School: GreatSchools Rating 5/10
Stephen Decatur High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 109 Somerset St Unit 5B 2 has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 109 Somerset St Unit 5B 2 is 1,360 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 109 Somerset St Unit 5B 2 is 2002.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›109 Somerset St Unit 5B 2

This home is located at 109 Somerset St Unit 5B 2 in Ocean City, MD and zip code 21842. This 1,360 square foot home was built in 2002. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 11, 2024 and is currently priced at $549,000.

Over 14 listings were sold over their listed price in April 2024 in Ocean City, MD. In the same period over 64 listings were sold below the listed price and 20 listings were sold for the listed price. The number of homes for sale in Ocean City, MD increased by 4% between March 2024 and April 2024. While the average time on the market in April 2024 was 50 days, the median list price was $439,438.

From Rocket Homes Real Estate and based on county public records data.

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