For SaleRisky Deal188 days on market
700 Mooring Rd #A2
700 Mooring Rd #A2, Ocean City, MD 21842, Ocean City, MD 21842
$329,999
Estimate®:$326,300
Listing Price
700 Mooring Rd #A2, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
188
Tax Assessed
$387k
Estimate®
$326k
Market Rate
Rent Estimate
$2,460/mo
Est. Cash Flow base
Type
condo
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
4.8 mi away
10
Stephen Decatur Middle School
7-8
8.4 mi away
7
Stephen Decatur High School
9-12
8.1 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
coastalwaterfrontmulti-familycondominiumsbalconiesvinyl sidingdecksbulkheadboat slipspiersunset viewmaritimevacation stylemulti-story
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.55%
Total ROI
79.4%
Cash Flow
$-187/mo
DSCR
0.89
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-187/mo net cash flow with a 5.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.5%)
- • Strong rental demand in Ocean City
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 |
|---|---|---|---|
| 2026-09-20 | Price change | $329,999 | $329 |
| 2026-07-28 | Price change | $364,900 | $363 |
| 2026-07-08 | Price change | $369,900 | $368 |
| 2026-06-20 | Price change | $374,900 | $373 |
| 2026-05-06 | Price change | $385,000 | $383 |
| 2026-03-20 | Listed for sale | $399,000 | $397 |
| 2021-11-01 | Sold | $278,000 | $277 |
| 2018-01-10 | Sold | $170,000 | $169 |
| 2017-12-01 | Pending sale | $175,750 | $175 |
| 2017-10-13 | Price change | $175,750 | $175 |
| 2017-09-05 | Price change | $178,750 | $178 |
| 2016-09-02 | Price change | $181,999 | $181 |
| 2016-08-07 | Price change | $182,500 | $182 |
| 2015-04-23 | Price change | $184,999 | $184 |
| 2014-11-18 | Listed for sale | $185,000 | $184 |
| 1999-10-22 | Sold | $65,000 | $65 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,051.28 | $295,800 |
| 2024 | $2,870.58 | $205,100 |
| 2023 | $1,612.58 | $114,400 |
| 2022 | $1,612.58 | $114,400 |
| 2021 | $1,616.36 | $114,400 |
| 2020 | $1,616.36 | $114,400 |
| 2019 | $1,627.45 | $114,400 |
| 2018 | $1,616.01 | $114,400 |
| 2017 | $1,615.33 | $114,400 |
| 2016 | $1,975.8 | $114,400 |
| 2015 | $1,975.8 | $114,400 |
| 2014 | $1,975.8 | $117,400 |
| 2013 | $0 | $117,400 |
| 2012 | $0 | $117,400 |
| 2011 | $0 | $164,650 |
| 2010 | $0 | $164,650 |
| 2009 | $0 | $164,650 |
| 2008 | $0 | $205,820 |
| 2007 | $0 | $177,372 |
| 2006 | $0 | $148,926 |
| 2005 | $0 | $120,480 |
| 2004 | $0 | $102,320 |
| 2003 | $0 | $84,160 |
| 2002 | $0 | $66,000 |
| 2001 | $0 | $66,000 |
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