For SaleRisky Deal3 days on market
9400 Coastal Hwy Unit 1001
9400 Coastal Hwy Unit 1001, Ocean City, MD 21842, Ocean City, MD 21842
$450,000
Estimate®:$461,400$11,400 Under Market
Listing Price
9400 Coastal Hwy Unit 1001, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
3
Tax Assessed
$338k
Estimate®
$461k
2% Under Valued
Rent Estimate
$1,769/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
1.4 mi away
10
Stephen Decatur Middle School
7-8
5.9 mi away
7
Stephen Decatur High School
9-12
5.9 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
high-risecondominiumoceanfrontbalconymodernmulti-storyconcretecoastalswimming poolparking lotresort-stylelarge-scalebeachside
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.46%
Total ROI
12.4%
Cash Flow
$-1,411/mo
DSCR
0.40
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,411/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 |
|---|---|---|---|
| 2026-09-21 | Listed for sale | $450,000 | $458 |
| 2026-06-07 | Listing removed | $499,900 | $509 |
| 2026-03-18 | Price change | $499,900 | $509 |
| 2025-10-24 | Listed for sale | $509,900 | $519 |
| 2023-04-21 | Sold | $410,000 | $417 |
| 2023-04-20 | Pending sale | $420,000 | $427 |
| 2023-03-29 | Contingent | $420,000 | $427 |
| 2022-12-21 | Listed for sale | $420,000 | $427 |
| 2005-06-16 | Sold | $340,000 | $346 |
| 2001-04-11 | Sold | $152,000 | $155 |
| 1997-09-10 | Sold | $80,000 | $81 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,631.07 | $338,133 |
| 2024 | $3,961.81 | $283,067 |
| 2023 | $3,213.89 | $228,000 |
| 2022 | $3,107.7 | $228,000 |
| 2021 | $3,008.53 | $212,933 |
| 2020 | $2,902.1 | $205,400 |
| 2019 | $2,922.02 | $205,400 |
| 2018 | $2,901.48 | $205,400 |
| 2017 | $3,038.62 | $215,200 |
| 2016 | $3,857.28 | $215,200 |
| 2015 | $3,857.28 | $215,200 |
| 2014 | $3,857.28 | $240,800 |
| 2013 | $0 | $240,800 |
| 2012 | $0 | $240,800 |
| 2011 | $0 | $321,440 |
| 2010 | $0 | $321,440 |
| 2009 | $0 | $321,440 |
| 2008 | $0 | $338,150 |
| 2007 | $0 | $286,376 |
| 2006 | $0 | $234,603 |
| 2005 | $0 | $182,830 |
| 2004 | $0 | $149,886 |
| 2003 | $0 | $116,943 |
| 2002 | $0 | $84,000 |
| 2001 | $0 | $80,332 |
Similar Properties Nearby
Explore other investment opportunities in Ocean City.