For SaleRisky Deal1 days on market
110 81st St Unit 414
110 81st St Unit 414, Ocean City, MD 21842, Ocean City, MD 21842
$424,990
Listing Price
110 81st St Unit 414, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
1
Tax Assessed
$378k
Type
condo
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Ocean City Elementary School
PK-4
4.5 mi away
10
Stephen Decatur Middle School
7-8
8.3 mi away
7
Stephen Decatur High School
9-12
8.1 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
coastalresort-stylemulti-familycondominiumswimming poolbalconieswaterfrontstucco exteriormodernocean viewsunset backdropmixed-useoutdoor patiolandscaped
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.21%
Total ROI
93.9%
Cash Flow
$-4/mo
DSCR
1.00
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-4/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • 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 |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $424,990 | $385 |
| 2024-05-15 | Sold | $390,000 | $353 |
| 2024-04-08 | Contingent | $409,000 | $370 |
| 2024-03-25 | Listed for sale | $409,000 | $370 |
| 2024-03-22 | Contingent | $409,000 | $370 |
| 2024-03-07 | Price change | $409,000 | $370 |
| 2024-01-02 | Price change | $415,000 | $376 |
| 2023-10-26 | Price change | $420,000 | $380 |
| 2023-10-14 | Listed for sale | $435,000 | $394 |
| 2018-12-01 | Sold | $220,000 | $199 |
| 2018-10-13 | Pending sale | $229,900 | $208 |
| 2018-09-18 | Price change | $229,900 | $208 |
| 2018-09-01 | Price change | $234,000 | $212 |
| 2018-07-24 | Price change | $238,900 | $216 |
| 2018-05-16 | Listed for sale | $247,000 | $224 |
| 2016-03-08 | Listing removed | $1,200 | $1 |
| 2016-01-29 | Listed for rent | $1,200 | $1 |
| 2015-02-05 | Sold | $219,000 | $198 |
| 2014-11-03 | Price change | $239,900 | $217 |
| 2014-08-22 | Listed for sale | $249,900 | $226 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,417.41 | $322,533 |
| 2024 | $3,737.87 | $267,067 |
| 2023 | $2,982.71 | $211,600 |
| 2022 | $2,982.71 | $211,600 |
| 2021 | $2,989.7 | $211,600 |
| 2020 | $2,989.7 | $211,600 |
| 2019 | $2,938.62 | $211,600 |
| 2018 | $2,846.86 | $201,533 |
| 2017 | $2,774.58 | $196,500 |
| 2016 | $2,939.27 | $196,500 |
| 2015 | $2,939.27 | $196,500 |
| 2014 | $2,939.27 | $206,600 |
| 2013 | $0 | $206,600 |
| 2012 | $0 | $206,600 |
| 2011 | $0 | $244,940 |
| 2010 | $0 | $244,940 |
| 2009 | $0 | $244,940 |
| 2008 | $0 | $306,430 |
| 2007 | $0 | $258,046 |
| 2006 | $0 | $209,663 |
| 2005 | $0 | $161,280 |
| 2004 | $0 | $145,852 |
| 2003 | $0 | $130,426 |
| 2002 | $0 | $115,000 |
| 2001 | $0 | $112,000 |
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