3 35th Street, Unit 304Ocean City, MD 21842Sale Price: $515,000

  • Sale Price: $515,000
  • 10 Days Since Sale
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $529,999List Price
  • 2Bedrooms
  • 2Bathrooms
  • 992Square Feet
  • 46 DaysOnMarket Date
THIS IS THE ONE YOU'VE BEEN WAITING FOR! The expansive & unobstructed ocean view speaks for itself & says it all! Gaze out at the ocean right from your bed or living room sofa, while hearing nothing but the sound of waves crashing on the shore. It's the stuff that dreams are made of! And now you have a golden opportunity to make your dreams a reality in one of Ocean City's MOST sought-after & highly-coveted oceanfront buildings. This beautiful & meticulously maintained condo offers 2 generous bedrooms, 2 full bathrooms, open-concept living & dining area, a well-appointed kitchen, laundry closet, & 150 sqft of additional outdoor living space on the expansive, 25 foot balcony. The spacious primary bedroom features a wall-length glass slider that provides private access to the balcony & maximizes the amazing Atlantic Ocean views. The primary bathroom features a gorgeous 60" double sink vanity with a solid Cararra marble countertop, soft-close doors/drawers, & polished chrome fixtures, waterproof luxury plank flooring, & dual-flush toilet (all 2024). The guest bathroom features a new vanity with a Carrara marble engineered stone countertop & dual-flush toilet (2024). The newly updated & expanded kitchen features white cabinetry, soft-close doors/drawers, 2 full-size lazy susan corner base cabinets to maximize space & storage, premium granite countertop, beveled Calcutta marble subway tile backsplash, under cabinet lighting, & over 8 feet of raised-counter dining space with seating for 4. All stainless steel appliances include french door refrigerator w/bottom freezer, 5-burner radiant cooktop & range, microwave w/exhaust fan, & dishwasher w/steel tub. Luxurious Phillip Jefferies grasscloth wallpaper & white wainscoting adorn the walls in the living/dining room, foyer, & hallway. Also features a new Carrier HVAC system (3 yrs new & under warranty), 50-gallon Rheem water heater in 2019 (under warranty), hurricane-rated front door in 2019, & electrical outlets/switches upgraded & replaced in 2021. Summer Beach offers an oceanfront pool, 2 elevators, mostly-covered garage parking (2 spaces/owner), cable TV service included, convenient trash chutes on each floor, outside showers, bicycle storage room, designated dog walk/potty area, building generator, secured lobby, & a nighttime attendant until 2:00 a.m.during the summer months. Summer Beach has a well-managed association that is proactive in maintaining the property. Recent projects include a new roof (2021), parking garage reinforced & resurfaced (2018), balconies sealed & waterproof-coated (2019), electric meters replaced (2020), dry sprinkler system replaced (2020), pool/pool deck resurfaced (2020), & so much more. While this condo has never been rented before, if you're looking to invest in a rental property, just think of all the benefits to be realized from having an ONSITE RENTAL OFFICE right in the lobby! Staffed year-round, 7 days a week, Seaside Vacations can handle every aspect of the rental process, while closely monitoring & safeguarding the property on your behalf. Best of all, the price is fully supported from a comp perspective! In particular, the most recent sale in the building, unit 607, was sold 4/2/24 in an OFF-MARKET, agentless transaction for $500k, equivalent to $530k for an on-market, agent-assisted transaction ($30k in fees were avoided, thereby yielding the same net proceeds). Note regarding condo fee: the actual condo fee is $700/month. Due to recent changes in legislation resulting from the building collapse in FL, an additional $325/month is temporarily being collected from owners to comply with the requirement to fully-fund reserves by October 2026. The association voted to collect more than the minimum needed to meet the deadline, to satisfy the requirement sooner.

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