For SaleRisky Deal0 days on market
7301 Atlantic Ave Unit 5A
7301 Atlantic Ave Unit 5A, Ocean City, MD 21842, Ocean City, MD 21842
$649,999
Estimate®:$616,500
Listing Price
7301 Atlantic Ave Unit 5A, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
0
Tax Assessed
$412k
Estimate®
$617k
Market Rate
Rent Estimate
$2,015/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
4.1 mi away
10
Stephen Decatur Middle School
7-8
8.1 mi away
7
Stephen Decatur High School
9-12
7.9 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
condominiummulti-storycoastalbalconiesstucco facadecommercial-styleresidential buildingparking areaevergreen landscapingbeachfrontutilitarian architectureapartment complex
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.82%
Total ROI
-1.5%
Cash Flow
$-2,385/mo
DSCR
0.29
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,385/mo net cash flow with a 1.8% 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 |
|---|---|---|---|
| 2026-09-25 | Listed for sale | $649,999 | $653 |
| 2020-07-24 | Sold | $459,500 | $461 |
| 2020-06-04 | Price change | $459,500 | $461 |
| 2020-04-13 | Listed for sale | $445,500 | $447 |
| 2006-09-15 | Sold | $599,900 | $602 |
| 1998-06-05 | Sold | $125,800 | $126 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,641.83 | $411,933 |
| 2024 | $5,537.76 | $395,667 |
| 2023 | $5,348.02 | $379,400 |
| 2022 | $5,348.02 | $379,400 |
| 2021 | $5,360.54 | $379,400 |
| 2020 | $5,360.54 | $379,400 |
| 2019 | $5,118.98 | $379,400 |
| 2018 | $4,806.61 | $340,267 |
| 2017 | $4,528.28 | $320,700 |
| 2016 | $4,780.8 | $320,700 |
| 2015 | $4,780.8 | $320,700 |
| 2014 | $4,780.8 | $320,700 |
| 2013 | $0 | $320,700 |
| 2012 | $0 | $320,700 |
| 2011 | $0 | $398,400 |
| 2010 | $0 | $398,400 |
| 2009 | $0 | $398,400 |
| 2008 | $0 | $498,000 |
| 2007 | $0 | $421,640 |
| 2006 | $0 | $345,280 |
| 2005 | $0 | $268,920 |
| 2004 | $0 | $219,946 |
| 2003 | $0 | $170,973 |
| 2002 | $0 | $122,000 |
| 2001 | $0 | $122,000 |
Similar Properties Nearby
Explore other investment opportunities in Ocean City.