Newcondo
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$3,610/mo
$549,0003bd·2ba·1,421sf
35 Fountain Dr W, Ocean City, MD 21842
Berkshire Hathaway HomeServices PenFed Realty
for sale
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$564,900
3beds
|2baths
|2,000sqft
|1958built
13444 Madison Ave,Ocean City, MD 21842
Est.$3,714/moCustomize payment
What's special
$282/sqft
Price per square foot
Built in 1958
68 years old
Overview
Opportunity knocks! The home is in need of some work as you will see upon entering, but it has potential for many things. Situated on an oversized corner lot with water views from three sides, this property offers room to add 2+ levels, as zoning laws allow building up to 45 feet. Zoned R-3 for multi-family and residential. Approved variances are in hand, including a variance for a second and third floor cantilever, making expansion plans even more attainable. Variance for an auxiliary dwelling unit (ADU) also in hand. If necessary, the current owner is open to a joint venture to see the proje...
Listed by Kelly R Williams, RE/MAX Realty Centre, Inc.
301-325-5308 · kelly@kandkhomesgroup.com · Office 301-774-5900
MLS #MDWO2009464 · Listed August 2, 2022
Property details
Cost estimate
Est. monthly payment
$3,308/mo
Principal & interest
$2,961Property tax
$159Home insurance (est.)
$188Down payment
$112,98020% of list price
Adjust down payment20%
0%25%50%
Based on 20% down ($112,980), 6.85% interest rate, 30-year fixed. Insurance is an estimate. Actual costs may vary.
Price history
| Date | Event | Price |
|---|---|---|
| Aug 2, 2022 | Listed for sale | $564,900 |
Location
13444 Madison Ave, Ocean City, MD 21842
