Off MarketNeutral Deal7 days on market
322 Sunset Dr Unit 1
322 Sunset Dr Unit 1, Ocean City, MD 21842, Ocean City, MD 21842
$239,900
Estimate®:$266,000$26,100 Under Market
Listing Price
322 Sunset Dr Unit 1, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
7
Tax Assessed
$226k
Estimate®
$266k
10% Under Valued
Rent Estimate
$2,030/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
1.7 mi away
10
Stephen Decatur Middle School
7-8
6.3 mi away
7
Stephen Decatur High School
9-12
6.2 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
three-storyapartment buildingcoastalbalconiesstucco exteriormulti-familywalk-upexterior stairsvacation rentalpatio furnitureresidentialbeach-side aesthetic
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.43%
Total ROI
98.7%
Cash Flow
$41/mo
DSCR
1.03
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $41/mo net cash flow with a 6.4% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.4%)
- • Strong rental demand in Ocean City
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 |
|---|---|---|---|
| 2015-09-29 | Sold | $110,000 | $122 |
| 2015-06-06 | Price change | $119,900 | $133 |
| 2015-03-30 | Listed for sale | $125,000 | $138 |
| 2014-03-22 | Listing removed | $134,900 | $149 |
| 2013-08-28 | Listed for sale | $134,900 | $149 |
| 2012-11-23 | Listing removed | $154,000 | $170 |
| 2012-10-24 | Price change | $154,000 | $170 |
| 2012-10-08 | Price change | $154,900 | $171 |
| 2012-08-27 | Price change | $154,000 | $170 |
| 2012-08-21 | Listed for sale | $154,900 | $171 |
| 2001-07-10 | Sold | $50,000 | $55 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,673.91 | $195,233 |
| 2024 | $2,301.88 | $164,467 |
| 2023 | $1,884.64 | $133,700 |
| 2022 | $1,884.64 | $133,700 |
| 2021 | $1,889.05 | $133,700 |
| 2020 | $1,889.05 | $133,700 |
| 2019 | $1,739.37 | $133,700 |
| 2018 | $1,565.63 | $110,833 |
| 2017 | $1,403.53 | $99,400 |
| 2016 | $1,497 | $99,400 |
| 2015 | $1,497 | $99,400 |
| 2014 | $1,497 | $99,400 |
| 2013 | $0 | $99,400 |
| 2012 | $0 | $99,400 |
| 2011 | $0 | $124,750 |
| 2010 | $0 | $124,750 |
| 2009 | $0 | $124,750 |
| 2008 | $0 | $155,480 |
| 2007 | $0 | $132,280 |
| 2006 | $0 | $109,080 |
| 2005 | $0 | $85,880 |
| 2004 | $0 | $72,252 |
| 2003 | $0 | $58,626 |
| 2002 | $0 | $45,000 |
| 2001 | $0 | $45,000 |
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