206 SOMERSET ST #4

Ocean City, MD 21842

UPDATED:

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Listing Price

$949,000

12

Beds

6

Baths

5,840

SqFt

Jen Feinberg

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Key Details

Property Type: Single Family Home

Sub Type: Detached

Listing Status: Active

Purchase Type: For Sale

Square Footage: 5,840 sqft

Price per Sqft: $162

Lot Size: 5,000 Sqft

Year Built: 1930

MLS Listing ID: MDWO115388

Style: Coastal

Subdivision: None Available

Bedrooms: 12

Full Baths: 6

Short Sale: No

HOA Y/N: N

Originating MLS: BRIGHT

Abv Grd Liv Area: 5,840

Property Description

Welcome to your next opportunity in the Ocean City, MD opportunity zone at the Somerset Harbor property boosting 56 land use options with this DMX zoned land and units. The existing 3 buildings features 2x two bedroom, 1 bathroom units making up 6 units, and confirms with 6-12 possible units w/ redevelopment options set to improve the area. Currently, 4 units are rented as a AirBnb vacation rental and 2 as employee/student summer housing. Each unit has been moderately updated, and is already income producing. DMX zoning allows for 56 land use redevelopment options such as a new condo building, single family home(s), hotel/motel, commercial, mixed-use, retail stores, the list goes on.... Inquire for Land-Use Resources.

Location

State: MD

County: Worcester

Area: Bayside Interior (83)

Zoning: DMX

Direction: South

Rooms

Main Level Bedrooms: 6

Interior

Hot Water: Other,Electric

Heating: None

Cooling: Window Unit(s)

Fireplace: N

Heat Source: None

Exterior

Exterior Feature: Street Lights,Other

Garage Spaces: 6.0

Utilities Available: Other

Waterfront: N

Water Access: N

View: Bay,City,Harbor,Marina,Scenic Vista,Street,Water

Roof Type: Architectural Shingle

Accessibility: Other

Parking Type: Driveway,On Street,Off Street,Parking Lot

Total Parking Spaces: 6

Garage: N

Building

Lot Description: Additional Lot(s),Premium,Subdivision Possible,Other

Story: 2

Foundation: Block

Lot Dimensions: 100.00 x 50.00

Sewer: Public Sewer

Water: Public

Level or Stories: 2

Additional Building: Above Grade,Below Grade

New Construction: N

Schools

Elementary Schools: Ocean City

Middle Schools: Stephen Decatur

High Schools: Stephen Decatur

School District: Worcester County Public Schools

Others

Senior Community: No

Tax Amount: $520

Tax Year: 2020

Tax ID: 10-227429

Ownership: Fee Simple

SqFt Source: Estimated

Acceptable Financing: Conventional,Bank Portfolio

Horse Property: N

Special Sale: Standard

Property History

Date Event Price Source

    Neighborhood Demographic

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    Jen Feinberg

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