Overview
This Condo Tax Lien is located at Coastal Hwy Unit 1510, Ocean City, MD 21842. This property is Tax Lien with an estimated market value of $536,530.
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This condo property is available as a tax lien at Coastal Hwy Unit 1510. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Ocean City, specifically for Coastal Hwy Unit 1510 and comparable listings. Based on this expert analysis, the estimated market value is $536,530. If purchased for rental purposes, the monthly rental rate could range between $1,171 and $1,590, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Coastal Hwy Unit 1510 are updated daily along with others in Ocean City, Maryland, ensuring you have the most current and accurate information.
There are 3 schools in the area. Nearby schools include Ocean City Elementary School and Stephen Decatur Middle School.
There are plenty of activities near this property like Ocean City Library, Ocean City Community Center, and more.
Public transportation options include: Ocean City offers a seasonal bus service known as the OC Bus, which provides convenient transportation along the boardwalk and throughout the town.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Northside Park, Sandy Point State Park and more.
Services available in the area include cellular and internet options.
The property located at Coastal Hwy Unit 1510 in Ocean City, MD is listed as a Tax Lien
The property located at Coastal Hwy Unit 1510 in Ocean City, Maryland has a tax lien. When annual property taxes are delinquent, a lien is immediately placed against the property that must be paid in full before it can be sold. If a homeowner fails to pay his or her real estate taxes, the government or other taxing entity may attempt to sell the property. For this reason, valuable properties may sometimes be acquired for a fraction of their true value.Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
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There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
The estimated rental value for Coastal Hwy Unit 1510 located in Ocean City, MD is $1,380/month. Comparable homes around Coastal Hwy Unit 1510 that are rentals have monthly ranges starting as low as $1,171 per month and as high as $1,590 per month. An owner looking to use this property as an investment could bring a return in the area of $1,171 - $1,590 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 05/16/25 | Tax Lien |
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