For SaleRisky Deal10 days on market
12 72nd St #204
12 72nd St #204, Ocean City, MD 21842, Ocean City, MD 21842
$319,900
Estimate®:$308,700
Listing Price
12 72nd St #204, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
10
Tax Assessed
$249k
Estimate®
$309k
Market Rate
Rent Estimate
$1,826/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
4 mi away
10
Stephen Decatur Middle School
7-8
8 mi away
7
Stephen Decatur High School
9-12
7.8 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
coastalmulti-familybeachfrontresort-stylelow-risemixed-useocean-viewparking-lotbrick-exteriorstuccovacation-rentalbalconiesflat-roofopen-lotmaritime-location
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.17%
Total ROI
49.4%
Cash Flow
$-549/mo
DSCR
0.67
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-549/mo net cash flow with a 4.2% 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 |
|---|---|---|---|
| 2026-09-14 | Listed for sale | $319,900 | $539 |
| 2025-03-28 | Sold | $260,000 | $438 |
| 2025-03-08 | Contingent | $260,000 | $438 |
| 2025-03-01 | Price change | $264,000 | $444 |
| 2025-02-03 | Price change | $269,000 | $453 |
| 2025-01-03 | Price change | $275,000 | $463 |
| 2024-11-23 | Listed for sale | $279,000 | $470 |
| 2019-07-15 | Sold | $75,000 | $126 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,949.66 | $215,367 |
| 2024 | $2,537.94 | $181,333 |
| 2023 | $2,076.34 | $147,300 |
| 2022 | $2,076.34 | $147,300 |
| 2021 | $2,081.2 | $147,300 |
| 2020 | $2,081.2 | $147,300 |
| 2019 | $2,002.55 | $147,300 |
| 2018 | $1,896.18 | $134,233 |
| 2017 | $1,803.12 | $127,700 |
| 2016 | $1,803.36 | $127,700 |
| 2015 | $1,803.36 | $127,700 |
| 2014 | $1,803.36 | $127,700 |
| 2013 | $0 | $127,700 |
| 2012 | $0 | $127,700 |
| 2011 | $0 | $150,280 |
| 2010 | $0 | $150,280 |
| 2009 | $0 | $150,280 |
| 2008 | $0 | $257,200 |
| 2007 | $0 | $197,996 |
| 2006 | $0 | $138,793 |
| 2005 | $0 | $79,590 |
| 2004 | $0 | $70,392 |
| 2003 | $0 | $61,196 |
| 2002 | $0 | $52,000 |
| 2001 | $0 | $52,000 |
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