For SaleRisky Deal0 days on market
10002 Coastal Hwy Unit 102
10002 Coastal Hwy Unit 102, Ocean City, MD 21842, Ocean City, MD 21842
$725,000
Estimate®:$688,900
Listing Price
10002 Coastal Hwy Unit 102, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
0
Tax Assessed
$480k
Estimate®
$689k
Market Rate
Rent Estimate
$2,132/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Ocean City Elementary School
PK-4
5.4 mi away
10
Stephen Decatur Middle School
7-8
9 mi away
7
Stephen Decatur High School
9-12
8.8 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
beachfrontocean viewsandy beachcoastalnatural landscapewaterfront propertyvacationsereneoutdoor spacescenic viewprime locationshoreline
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.73%
Total ROI
-3.6%
Cash Flow
$-2,718/mo
DSCR
0.28
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,718/mo net cash flow with a 1.7% 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 |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $725,000 | $687 |
| 1989-10-12 | Sold | $140,000 | $133 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,837.23 | $426,200 |
| 2024 | $5,206.51 | $372,000 |
| 2023 | $4,479.71 | $317,800 |
| 2022 | $4,375.4 | $317,800 |
| 2021 | $4,281.09 | $303,000 |
| 2020 | $4,176.53 | $295,600 |
| 2019 | $4,205.21 | $295,600 |
| 2018 | $4,175.65 | $295,600 |
| 2017 | $4,219.06 | $298,800 |
| 2016 | $3,600 | $298,800 |
| 2015 | $3,600 | $298,800 |
| 2014 | $3,600 | $326,300 |
| 2013 | $0 | $317,533 |
| 2012 | $0 | $308,767 |
| 2011 | $0 | $300,000 |
| 2010 | $0 | $365,830 |
| 2009 | $0 | $365,830 |
| 2008 | $0 | $450,420 |
| 2007 | $0 | $400,246 |
| 2006 | $0 | $357,980 |
| 2005 | $0 | $299,900 |
| 2004 | $0 | $258,266 |
| 2003 | $0 | $216,633 |
| 2002 | $0 | $175,000 |
| 2001 | $0 | $161,332 |
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