Off MarketRisky Deal1 days on market
7001 Atlantic Ave #E205
7001 Atlantic Ave #E205, Ocean City, MD 21842, Ocean City, MD 21842
$299,000
Estimate®:$349,900$50,900 Under Market
Listing Price
7001 Atlantic Ave #E205, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
1
Tax Assessed
$278k
Estimate®
$350k
15% Under Valued
Rent Estimate
$1,618/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
3.9 mi away
10
Stephen Decatur Middle School
7-8
7.9 mi away
7
Stephen Decatur High School
9-12
7.7 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
multi-family residentialcondominiumbeachfrontbalconiesstucco exteriorcoastalhigh-densityoceanfront livingmulti-storymodern aestheticsand dunesvacation rentalsexterior railings
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.70%
Total ROI
39.3%
Cash Flow
$-630/mo
DSCR
0.59
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-630/mo net cash flow with a 3.7% 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 |
|---|---|---|---|
| 1999-09-21 | Sold | $99,000 | $172 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,376.52 | $246,533 |
| 2024 | $3,008.68 | $214,967 |
| 2023 | $2,585.21 | $183,400 |
| 2022 | $2,585.21 | $183,400 |
| 2021 | $2,591.26 | $183,400 |
| 2020 | $2,591.26 | $183,400 |
| 2019 | $2,609.05 | $183,400 |
| 2018 | $2,590.71 | $183,400 |
| 2017 | $2,712.45 | $192,100 |
| 2016 | $2,998.08 | $192,100 |
| 2015 | $2,998.08 | $192,100 |
| 2014 | $2,998.08 | $207,100 |
| 2013 | $0 | $207,100 |
| 2012 | $0 | $207,100 |
| 2011 | $0 | $249,840 |
| 2010 | $0 | $249,840 |
| 2009 | $0 | $249,840 |
| 2008 | $0 | $312,150 |
| 2007 | $0 | $271,570 |
| 2006 | $0 | $236,376 |
| 2005 | $0 | $190,410 |
| 2004 | $0 | $154,106 |
| 2003 | $0 | $117,803 |
| 2002 | $0 | $81,500 |
| 2001 | $0 | $81,000 |
Similar Properties Nearby
Explore other investment opportunities in Ocean City.