1 year on rocket

106 Philadelphia Ave, Ocean City, MD, 21842

$1,400,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
2,080 SqFt
$673/SqFt
House
Schools Nearby

Location

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106 Philadelphia Ave, Ocean City$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1930
HeatingBaseboard
CoolingWindow Unit(s)
MLS #MDWO2012586
Lot Size0.08 Acres
StatusActive
(ACTIVE)

About 106 Philadelphia Ave

This completely remodeled in 2020-2021 5 bedroom 3 bath gem is hidden among the Ocean, Beach, Boardwalk and the Bay with all reachable in just a moments walk, Located on 1st, you don't have to go anywhere by vehicle, but you can park up to 4 cars on location with additional free street parking in front of the home. Once in a lifetime opportunity to own a single family unit with no condo fees that can be divided into two units as per the tax records and design. Live in one and rent out the other or Airbnb the unit with $115K+ yearly rental income. Have a part of history with all the modern amenities. Add a hot tub to the ground level patio for added fun just steps to everything you need. Potential for growth with the attic space being converted to a game room or storage. Additional adjoining units available for the right buyer!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1930
  • Stories: 2
  • Living Area: 2,080 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (443) 856-2211
  • Listing Agent: Shawn Kotwica

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Window Unit(s)

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: Philadelphia Ave to First 1st Property on Left

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
  • Price Per SqFt: $673/SqFt

Tax Information:

  • Annual Amount: $3,671
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$439.6K

Med. Price/SqFt

$433

Avg. Days On Market

54

# of Sold Homes

71

106 Philadelphia Ave vs Ocean City

397 DAYS ON ROCKET

+343 Days

$1,400,000

+$960.3K More

$673/SqFt

+$240 More

KEY TAKEAWAY

This property is $960.3K more than the Median Sold Price and $240/SqFt more 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: #MDWO2012586

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (443) 856-2211
  • Listing Agent: Shawn Kotwica

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: 3/29/2024, 6:20:24 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 26, 2020Home Sold
$401,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,671$259,800
2020$3,001$212,400
2019$2,742$192,767
2018$2,446$173,133
2017$2,168$153,500

History based on county public records data.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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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-7842962
10
/10
  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.48 miles

  • Public District Grades PK-4

Middle School

school-card-donut-7842963
8
/10
  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 5.60 miles

  • Public District Grades 7-8

school-card-donut-7842964
7
/10
  • Berlin Intermediate School

  • 309 Franklin Ave

  • 6.77 miles

  • Public District Grades 4-6

High School

school-card-donut-7842965
6
/10
  • Stephen Decatur High School

  • 9913 Seahawk Rd

  • 5.67 miles

  • Public District Grades 9-12

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. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Ocean City, MD

What type of housing is available in Ocean City, MD?

Around two thirds of the population of this town own their home while the rest are renters. In this part of the Salisbury metropolitan area, many dwellings are large apartment buildings, and the rest are mainly small apartment buildings. The average year of construction for properties in this town is 1982. This town is primarily composed of three bedroom and two bedroom homes.

Is Ocean City, MD a good place to live?

Ocean City is fairly good for those who like a quiet atmosphere, as the streets are generally calm.

Are things conveniently located in Ocean City, MD?

The closest supermarket in this part of the Salisbury metropolitan area is generally only a reasonably short walk away. A limited variety of restaurants and cafes can be found as well. As far as education is concerned, this town does not have any high schools or primary schools.

What does the transportation in Ocean City, MD look like?

Driving is very often the preferred way to get around in this part of the Salisbury metropolitan area. It is especially convenient to access a place to park, and nearby highways are very easy to reach from anywhere in this town. However, the public transit network in this part of the Salisbury metropolitan area is not very convenient. Thankfully, the town is linked by a few bus lines, and the nearest bus stop is typically very close. There are relatively few pedestrians out on the streets of Ocean City, despite the fact that most daily needs are easy to carry out without the use of a car.

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Frequently Asked Questions About 106 Philadelphia Ave

What is the listing price of this property?

The listing price of 106 Philadelphia Ave property is $1,400,000.

What type of property is this?

The property 106 Philadelphia Ave is a house located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 106 Philadelphia Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 106 Philadelphia Ave are:
Ocean City Elementary School: GreatSchools Rating 10/10
Stephen Decatur Middle School: GreatSchools Rating 8/10
Berlin Intermediate School: GreatSchools Rating 7/10
Stephen Decatur High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,671 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 26, 2020 for $401,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 106 Philadelphia Ave has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 106 Philadelphia Ave is 2,080 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 106 Philadelphia Ave is 1930.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›106 Philadelphia Ave

This home is located at 106 Philadelphia Ave in Ocean City, MD and zip code 21842. This 2,080 square foot home, which was built in 1930, sits on a 0.08 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 25, 2023 and is currently priced at $1,400,000.

In February 2024 more than 8 listings in Ocean City, MD were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 51 were sold below. The inventory of homes for sale in Ocean City, MD between January 2024 and February 2024 increased by 14.5%. In February 2024 median list price was $439,676 and the average listing age was 54 days.

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

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