Off MarketRisky Deal13 days on market
6 141st St Unit 202
6 141st St Unit 202, Ocean City, MD 21842, Ocean City, MD 21842
$375,000
Estimate®:$360,000
Listing Price
6 141st St Unit 202, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
13
Tax Assessed
$287k
Estimate®
$360k
Market Rate
Rent Estimate
$1,901/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
7.5 mi away
10
Stephen Decatur Middle School
7-8
10.7 mi away
7
Stephen Decatur High School
9-12
10.5 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
coastalcondominiumbeachfrontmulti-storyocean-viewbrick exteriorbalconiesresort-stylevacation propertydune accesswaterfront livinghigh-densitywalkable location
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.60%
Total ROI
37.1%
Cash Flow
$-821/mo
DSCR
0.58
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-821/mo net cash flow with a 3.6% 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 |
|---|---|---|---|
| 2020-09-30 | Sold | $250,000 | $283 |
| 2020-07-24 | Listed for sale | $265,500 | $301 |
| 2018-09-19 | Sold | $190,000 | $215 |
| 2018-07-31 | Price change | $205,000 | $232 |
| 2018-05-14 | Price change | $222,000 | $252 |
| 2017-11-10 | Listed for sale | $230,000 | $261 |
| 2009-12-11 | Sold | $230,000 | $261 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,470.11 | $253,367 |
| 2024 | $3,080.98 | $220,133 |
| 2023 | $2,634.54 | $186,900 |
| 2022 | $2,601.66 | $186,900 |
| 2021 | $2,574.77 | $182,233 |
| 2020 | $2,541.81 | $179,900 |
| 2019 | $2,559.26 | $179,900 |
| 2018 | $2,541.27 | $179,900 |
| 2017 | $2,540.19 | $179,900 |
| 2016 | $2,847 | $179,900 |
| 2015 | $2,847 | $179,900 |
| 2014 | $2,847 | $189,600 |
| 2013 | $0 | $189,600 |
| 2012 | $0 | $189,600 |
| 2011 | $0 | $237,250 |
| 2010 | $0 | $237,250 |
| 2009 | $0 | $237,250 |
| 2008 | $0 | $296,350 |
| 2007 | $0 | $252,542 |
| 2006 | $0 | $208,736 |
| 2005 | $0 | $164,930 |
| 2004 | $0 | $138,952 |
| 2003 | $0 | $112,976 |
| 2002 | $0 | $87,000 |
| 2001 | $0 | $85,332 |
Similar Properties Nearby
Explore other investment opportunities in Ocean City.