$602,000
$569,900
5.6%For more information regarding the value of a property, please contact us for a free consultation.
505 PENGUIN DR #10 Ocean City, MD 21842
3 Beds
4 Baths
1,364 SqFt
Key Details
Sold Price $602,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 1,364 sqft
Price per Sqft $441
Subdivision Mallard Landing
MLS Listing ID MDWO2007054
Sold Date 05/31/22
Style Contemporary
Bedrooms 3
Full Baths 3
Half Baths 1
Condo Fees $3,000
HOA Y/N N
Abv Grd Liv Area 1,364
Originating Board BRIGHT
Year Built 1981
Annual Tax Amount $3,796
Tax Year 2020
Property Description
Beautiful Bayside Waterfront Townhome with boat slip in Ocean City with super low condo fees of $250 a month! This three-story townhome has been recently remodeled and is being sold furnished so all you need to do is bring your boat. Youll love the remodeled kitchen with upgraded cabinets, granite countertops and stainless steel appliances. The open floor plan is magnificent. The kitchen flows to the dining area which leads to a beautiful, spacious family room - the perfect place for entertaining! A large glass slider provides views of the canal and leads to a large deck where you can enjoy your morning coffee or a family meal while taking in the gorgeous OCMD sunsets. On the first level, youll also appreciate the convenience of a laundry closet and remodeled powder room. On the second floor are two spacious bedrooms with an upgraded hall bath. The large bedroom overlooking the canal has a private balcony and an en-suite bathroom. On the third floor you will love the spacious primary bedroom with its own private waterfront balcony which provides breathtaking sunrise and sunset views. The primary bathroom has been completely remodeled and features a beautiful glass tiled shower. This home has had extensive upgrades throughout, including new flooring, lighting, new HVAC (2016), new water heater (2019), bathroom remodeling (2020), new siding and shutters, new front door and storm door, new windows and screens, new bulkhead (2019), new 8,000lb boat lift (2018) and canal dredging (2019), new furnishings and window treatments (2015). There is also a storage shed on the side. If youre looking for rental income to help subsidize your vacation home, this property had gross earnings of over $40K in 2021 with the month of July averaging $446/night. Located off 33rd street, its convenient to everything OCMD has to offer - the boardwalk, restaurants, shopping, golfing and, of course, the beach! Offers due Tuesday, April 19th @ 12pm. Come take a look before it's SOLD!
Location
State MD
County Worcester
Area Bayside Waterfront (84)
Zoning R-2
Direction North
Interior
Interior Features Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Primary Bedroom - Bay Front
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C, Ceiling Fan(s), Wall Unit
Equipment Built-In Microwave, Dishwasher, Disposal, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
Furnishings Yes
Fireplace N
Window Features Screens,Insulated
Appliance Built-In Microwave, Dishwasher, Disposal, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
Heat Source Electric
Laundry Has Laundry, Dryer In Unit, Washer In Unit
Exterior
Exterior Feature Deck(s), Balcony
Garage Spaces 1.0
Utilities Available Cable TV Available, Electric Available, Phone Available
Amenities Available Pier/Dock
Waterfront Description Private Dock Site
Water Access Y
Water Access Desc Fishing Allowed
View Canal, Bay
Roof Type Architectural Shingle
Street Surface Black Top
Accessibility None
Porch Deck(s), Balcony
Road Frontage City/County
Total Parking Spaces 1
Garage N
Building
Lot Description Bulkheaded
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 3
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Pets Allowed Y
HOA Fee Include Insurance,Other,Pier/Dock Maintenance,Reserve Funds,Common Area Maintenance
Senior Community No
Tax ID 10-211786
Ownership Condominium
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Financing Cash,Conventional,VA
Special Listing Condition Standard
Pets Allowed Cats OK, Dogs OK
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Bought with Samina Chowdhury • Keller Williams Lucido Agency