For SaleRisky Deal4 days on market
3001 Atlantic Ave Unit 804
3001 Atlantic Ave Unit 804, Ocean City, MD 21842, Ocean City, MD 21842
$440,000
Estimate®:$420,100
Listing Price
3001 Atlantic Ave Unit 804, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
4
Tax Assessed
$340k
Estimate®
$420k
Market Rate
Rent Estimate
$1,616/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
2.1 mi away
10
Stephen Decatur Middle School
7-8
6.7 mi away
7
Stephen Decatur High School
9-12
6.5 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
mid-risecondominiumbeachfrontocean viewswimming poolconcrete facadebalconiesparking lotcoastalresort-stylebrutalist influencecommercial-residentialvacation property
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.28%
Total ROI
8.4%
Cash Flow
$-1,447/mo
DSCR
0.37
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,447/mo net cash flow with a 2.3% 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 | $440,000 | $503 |
| 2021-09-20 | Sold | $392,000 | $449 |
| 2021-09-13 | Pending sale | $389,000 | $445 |
| 2021-08-21 | Contingent | $389,000 | $445 |
| 2021-08-17 | Listed for sale | $389,000 | $445 |
| 2021-04-05 | Listing removed | $365,000 | $418 |
| 2021-02-26 | Listed for sale | $365,000 | $418 |
| 2019-07-30 | Sold | $276,000 | $316 |
| 2019-05-02 | Sold | $276,000 | $316 |
| 2019-05-01 | Listed for sale | $283,900 | $325 |
| 2015-10-16 | Sold | $240,000 | $275 |
| 2015-03-15 | Listing removed | $261,900 | $300 |
| 2014-05-04 | Listed for sale | $261,900 | $300 |
| 1998-05-21 | Sold | $88,500 | $101 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,224.29 | $308,433 |
| 2024 | $3,876.43 | $276,967 |
| 2023 | $3,460.57 | $245,500 |
| 2022 | $3,374.58 | $245,500 |
| 2021 | $3,296.3 | $233,300 |
| 2020 | $3,210.11 | $227,200 |
| 2019 | $3,223.61 | $227,200 |
| 2018 | $3,192.48 | $226,000 |
| 2017 | $3,182.65 | $225,400 |
| 2016 | $3,607.8 | $225,400 |
| 2015 | $3,607.8 | $225,400 |
| 2014 | $3,607.8 | $225,400 |
| 2013 | $0 | $225,400 |
| 2012 | $0 | $225,400 |
| 2011 | $0 | $300,650 |
| 2010 | $0 | $300,650 |
| 2009 | $0 | $311,430 |
| 2008 | $0 | $300,650 |
| 2007 | $0 | $260,156 |
| 2006 | $0 | $219,663 |
| 2005 | $0 | $179,170 |
| 2004 | $0 | $148,112 |
| 2003 | $0 | $117,056 |
| 2002 | $0 | $86,000 |
| 2001 | $0 | $86,000 |
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