Home for Sale at 105 NEWPORT BAY DRIVE, OCEAN CITY, MD 21842

105 Newport Bay Drive
Ocean City, MD 21842

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Property Details

List Price:	$400,000
Beds:	3
Baths:	2
Status:	Pending
SqFt:	936
Agency:	Berkshire Hathaway HomeServices PenFed Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1972
Notes:	NEW PRICE and SELLER OFFERING SIX MONTH CONDO FEE CREDIT with full list price! Welcome to your new beachfront retreat at North Ocean City's Balmoral Cove, where coastal living meets convenience! Situated as the closest unit to the beach, this top-floor 3-bedroom, 2-bathroom condo offers not only a peek of the ocean but also a host of updates and amenities to enhance your beachside lifestyle.<br /> Step inside to discover an open floor plan, highlighted by a modern granite kitchen featuring a breakfast bar island perfect for casual dining or entertaining. Whether you're cooking up a feast or opting for takeout from one of the nearby popular restaurants like the Original Green Turtle or the Crab Cake Factory, you'll find plenty of options to satisfy your culinary cravings.<br /> The guest bath has been tastefully updated with a beachy vibe, while the luxury vinyl plank floors and tile throughout ensure easy maintenance, allowing you to spend more time enjoying the beach and less time worrying about upkeep.<br /> Relax and unwind in the spacious living room or retreat to the primary bedroom, both offering stunning water views and access to the larger balcony overlooking the boat slip, ideal for enjoying breathtaking sunsets. An additional balcony outside your door provides a prime spot for watching the Christmas Parade or people-watching during cruisers, bike week, and other Ocean City events.<br /> Convenience is key with a full-size stacked washer and dryer and a tankless hot water heater included. Plus, this marvelous condo is just a few blocks away from Northside Park, offering a plethora of recreational activities, from sports to crabbing, as well as seasonal events like Winterfest and fireworks displays. Shopping options abound with Gold Coast Mall and Ocean City Square nearby, and transportation is a breeze with an OC bus stop conveniently located at the corner for easy access to the Boardwalk and Mid-town entertainment.<br /> Whether you're looking for a lucrative investment opportunity (with a solid rental history generating $13,725 in 2023) or seeking a peaceful primary residence, this condo offers the best of both worlds â€“ ocean, canal, and even a pool! Don't miss out on this trifecta of bayside living â€“ schedule your showing today and start living your beachfront dream!
MlsNumber:	MDWO2020292

Listing Provided By:	Berkshire Hathaway HomeServices PenFed Realty, original listing
Name:	Berkshire Hathaway HomeServices PenFed Realty
Phone:	(866) 225-5778
Office Name:	Berkshire Hathaway HomeServices PenFed Realty
Office Phone:	(410) 524-7000
Agent Name:	Jeannie Betten
Disclaimer:	Copyright Â© 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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