State: MD
County: Worcester
Area: Bayside Interior (83)
Zoning: DMX
Direction: South
UPDATED:
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
Listing Provided By Coldwell Banker Realty
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Jen Feinberg
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