Off MarketRisky Deal2 days on market
4701 Atlantic Ave Unit 7
4701 Atlantic Ave Unit 7, Ocean City, MD 21842, Ocean City, MD 21842
$1,199,000
Estimate®:$1,208,300$9,300 Under Market
Listing Price
4701 Atlantic Ave Unit 7, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
2
Tax Assessed
$996k
Estimate®
$1208k
1% Under Valued
Rent Estimate
$2,973/mo
Est. Cash Flow base
Type
townhouse
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Ocean City Elementary School
PK-4
2.8 mi away
10
Stephen Decatur Middle School
7-8
7.1 mi away
7
Stephen Decatur High School
9-12
7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
beachfrontcoastaltownhousemulti-levelbalconydecklattice skirtingsidingoceanfront propertyvacation homewhite railingssandy beachoutdoor space
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.13%
Total ROI
-16.6%
Cash Flow
$-5,094/mo
DSCR
0.18
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-5,094/mo net cash flow with a 1.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Ocean City, MD
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2021-03-24 | Listing removed | $0 | – |
| 2014-12-10 | Listing removed | $5,000 | $3 |
| 2014-11-10 | Listed for rent | $5,000 | $3 |
| 2014-05-21 | Sold | $760,000 | $426 |
| 2014-03-15 | Listed for sale | $799,900 | $448 |
| 2004-09-29 | Sold | $859,000 | $481 |
| 2003-05-27 | Sold | $590,000 | $331 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $12,239.67 | $893,667 |
| 2024 | $11,075.5 | $791,333 |
| 2023 | $9,712.14 | $689,000 |
| 2022 | $9,712.14 | $689,000 |
| 2021 | $9,734.88 | $689,000 |
| 2020 | $9,734.88 | $689,000 |
| 2019 | $9,801.71 | $689,000 |
| 2018 | $9,732.81 | $689,000 |
| 2017 | $9,728.68 | $689,000 |
| 2016 | $8,028.73 | $644,367 |
| 2015 | $8,028.73 | $599,733 |
| 2014 | $8,028.73 | $555,100 |
| 2013 | $0 | $555,100 |
| 2012 | $0 | $555,100 |
| 2011 | $0 | $669,060 |
| 2010 | $0 | $669,060 |
| 2009 | $0 | $669,060 |
| 2008 | $0 | $748,440 |
| 2007 | $0 | $606,960 |
| 2006 | $0 | $465,480 |
| 2005 | $0 | $324,000 |
| 2004 | $0 | $290,000 |
| 2003 | $0 | $256,000 |
| 2002 | $0 | $222,000 |
| 2001 | $0 | $222,000 |
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