504 Robin Drive Unit #65, Ocean City, MD, MD 21842

$189,900
1
BD
1
BA
396
SqFt
List Price
$189,900
Closing Date
May 28, 2021
Bedrooms
1
Bathrooms
1
Full Baths
1
Living Area
396
Building Name
Bayshore
Area
Bayside Interior (83)
Year Built
1969
Status
PENDING
MLS#
MDWO121402

Property Description

BEST VIEW & LOCATION IN BAYSHORE ESTATES! Want one of Ocean City's best canal view? You got it with this top floor/corner unit condo! Sit on the large deck and watch the boats come and go - it's beautiful!! Lots of fresh air and natural light! This property has had approx $15,000 in recent assessments and upgrades including: brand new ductless HVAC system, new sliding glass door, new decking, new vinyl siding, new gutter system, security camera system and more! All assessments have been paid! Nice and comfortable unit with updated paint, flooring and furnishings (Red couches have been replaced with a nice sectional couch with chaise. Pictures also do not show new couch, ductless HVAC unit and new sliding glass door and window. Please contact your agent for updated photos). Hang out on the community docks and fish right from the docks! Want to hit the beach? Its a quick bike ride or short walk to the beach, restaurants and Jolly Rogers! BayShore Estates is all the way at the end of Robin Drive/28th Street so you're away from the busy highways but close to everything. Purchaser of the condo also gets an assigned storage unit which is on the same floor as the unit for all your beach gear and storage needs. Condo does not come with a boat slip, but the community has a boat ramp where you can pull your boat in and out and some owners with slips rent them out for the season. This property has been used by the family who owns it and they rent it out when they are not using it. It generates approx $15,000-$17,000 in rental income a year and could be higher if you choose to increase the rent. In 2020 they generated $11,000 seasonal rental income on VRBO only (Averaging $149/nte Mon-Wed & $164/nte Thurs-Sun. Rent and available rental days could be increased) and $6,400 in off season rental income ($800/mo & tenant pays the electric bill Oct-May). Condo is currently being rented until May 31st. As of 4/4, 14 days in July have already been rented totaling $2,217 for the new buyers - contact your agent for current booking calendar - additional bookings will continue to be made until sale of property. Condo fee of $625/quarter include hot water, exterior building insurance, cable TV, dock maintenance, trash and landscaping. Don't wait - it's hard to find anything on the water with a view like this for under $200k!

Additional Information

Building Name
Bayshore
Condo Fee
$625
HOA Frequency
Unknown
Taxes
$1,242
Amenities
Boat Ramp, Pier/Dock, Reserved/Assigned Parking, Storage Bin
Interior Features
Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Kitchen - Galley, Window Treatments
Style
Unit/Flat
Furnished
Yes
Cooling
Ductless/Mini-Split
Heating
Baseboard - Electric
Days on Market
10
Furnished
Yes
Inclusions
Bedroom Furniture, Kitchen items, living room furniture

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Listing courtesy of EXP Realty, LLC.