For SaleRisky Deal2 days on market
12305 Wight St Unit 310
12305 Wight St Unit 310, Ocean City, MD 21842, Ocean City, MD 21842
$270,000
Listing Price
12305 Wight St Unit 310, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
2
Tax Assessed
$186k
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
6.4 mi away
10
Stephen Decatur Middle School
7-8
9.8 mi away
7
Stephen Decatur High School
9-12
9.5 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
beachfrontcoastalcondominiummulti-familyocean viewoutdoor poolsbalconiesparking lotmulti-storylow-risevacation rentalsstucco exteriorflat roofresort-style
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.09%
Total ROI
91.1%
Cash Flow
$-32/mo
DSCR
0.98
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-32/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • 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 |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $270,000 | $689 |
| 2026-09-11 | Listing removed | $270,000 | $689 |
| 2026-08-06 | Price change | $270,000 | $689 |
| 2025-10-06 | Price change | $260,000 | $663 |
| 2025-09-12 | Listed for sale | $275,000 | $702 |
| 2025-04-01 | Listing removed | $274,900 | $701 |
| 2024-08-07 | Price change | $274,900 | $701 |
| 2024-05-21 | Price change | $275,000 | $702 |
| 2024-05-05 | Listed for sale | $287,000 | $732 |
| 2024-02-05 | Contingent | $287,000 | $732 |
| 2024-01-28 | Listed for sale | $287,000 | $732 |
| 2024-01-14 | Contingent | $287,000 | $732 |
| 2024-01-03 | Price change | $287,000 | $732 |
| 2023-12-14 | Listed for sale | $300,000 | $765 |
| 2019-07-02 | Sold | $175,000 | $446 |
| 2019-05-21 | Pending sale | $176,500 | $450 |
| 2019-05-08 | Listed for sale | $176,500 | $450 |
| 2019-04-25 | Pending sale | $176,500 | $450 |
| 2019-04-24 | Price change | $176,500 | $450 |
| 2019-04-02 | Price change | $179,900 | $459 |
| 2019-03-23 | Price change | $184,900 | $472 |
| 2019-03-05 | Listed for sale | $189,900 | $484 |
| 1996-04-26 | Sold | $65,900 | $168 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,925.02 | $213,567 |
| 2024 | $2,605.12 | $186,133 |
| 2023 | $2,237.04 | $158,700 |
| 2022 | $2,237.04 | $158,700 |
| 2021 | $2,242.27 | $158,700 |
| 2020 | $2,242.27 | $158,700 |
| 2019 | $2,248.66 | $158,700 |
| 2018 | $2,223.9 | $157,433 |
| 2017 | $2,214.02 | $156,800 |
| 2016 | $2,361.36 | $156,800 |
| 2015 | $2,361.36 | $156,800 |
| 2014 | $2,361.36 | $156,800 |
| 2013 | $0 | $156,800 |
| 2012 | $0 | $156,800 |
| 2011 | $0 | $196,780 |
| 2010 | $0 | $196,780 |
| 2009 | $0 | $196,780 |
| 2008 | $0 | $246,170 |
| 2007 | $0 | $207,362 |
| 2006 | $0 | $168,556 |
| 2005 | $0 | $129,750 |
| 2004 | $0 | $108,166 |
| 2003 | $0 | $86,583 |
| 2002 | $0 | $65,000 |
| 2001 | $0 | $64,332 |
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