For SaleRisky Deal4 days on market
4 93rd St Unit 503
4 93rd St Unit 503, Ocean City, MD 21842, Ocean City, MD 21842
$439,900
Estimate®:$356,000
Listing Price
4 93rd St Unit 503, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
4
Tax Assessed
$345k
Estimate®
$356k
Market Rate
Rent Estimate
$1,709/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
5.1 mi away
10
Stephen Decatur Middle School
7-8
8.8 mi away
7
Stephen Decatur High School
9-12
8.6 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
beachfrontbalconyocean viewcoastalvacation rentalhigh-riseoutdoor diningterraceseasidepanoramic viewresort-stylemodernwaterfront property
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.51%
Total ROI
13.5%
Cash Flow
$-1,362/mo
DSCR
0.40
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,362/mo net cash flow with a 2.5% 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 |
|---|---|---|---|
| 2026-09-20 | Listed for sale | $439,900 | $645 |
| 2020-01-17 | Sold | $266,000 | $390 |
| 2019-09-28 | Listed for sale | $275,000 | $403 |
| 2015-03-12 | Sold | $211,000 | $309 |
| 2015-01-16 | Listed for sale | $219,900 | $322 |
| 2014-12-01 | Listing removed | $219,900 | $322 |
| 2014-08-13 | Price change | $219,900 | $322 |
| 2013-10-22 | Listed for sale | $229,900 | $337 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,024.81 | $293,867 |
| 2024 | $3,397.29 | $242,733 |
| 2023 | $2,700.79 | $191,600 |
| 2022 | $2,700.79 | $191,600 |
| 2021 | $2,707.12 | $191,600 |
| 2020 | $2,707.12 | $191,600 |
| 2019 | $2,725.7 | $191,600 |
| 2018 | $2,706.54 | $191,600 |
| 2017 | $2,743.52 | $194,300 |
| 2016 | $2,553.36 | $187,500 |
| 2015 | $2,553.36 | $180,700 |
| 2014 | $2,553.36 | $173,900 |
| 2013 | $0 | $173,900 |
| 2012 | $0 | $173,900 |
| 2011 | $0 | $212,780 |
| 2010 | $0 | $212,780 |
| 2009 | $0 | $212,780 |
| 2008 | $0 | $265,980 |
| 2007 | $0 | $230,742 |
| 2006 | $0 | $195,506 |
| 2005 | $0 | $160,270 |
| 2004 | $0 | $135,846 |
| 2003 | $0 | $111,423 |
| 2002 | $0 | $87,000 |
| 2001 | $0 | $87,000 |
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