$10,000 Closing Credit¹
#MDWO2027496, Darlene Wise, Listing Office: Cummings & Co. Realtors
$975,000 List price
5 48th St Unit 25 Ocean City, MD 21842
$10,000
Closing credit¹
5 beds
4 full
2,145 sqft
$455 / sqft
Townhouse
Property details
About 5 48th St Unit 25
BRAND NEW HVAC! UPGRADED KITCHEN! FULLY UPGRADED BATHROOMS! INCREDIBLE BEACH TOWNHOUSE - Make an offer to own this unique townhome in oceanfront Ocean Colony complex located in popular Mid-Town. Entry level has a one bedroom efficency, perfect for guests or even rent out separately, with own outside entrance. If you like balconies and decks - this is your happy place. On the living level, there is a large deck off the living room and a balcony off the main level bedroom (great for sunsets). The next floor has two bedrooms, each with own deck (one for sunsets, one for sunrises). On the top level, there is a bedroom and a sitting room/den (could be used as extra bedroom) with a huge balcony and ocean views. Ocean Colony has a beautiful pool, and lots of green common space. This is always one of the most sought-after communities in town. There is carport parking, and also reserved parking and off street permit parking. And the rental potential is huge. Owners don't rent, but est GRI is $70,000-$85,000. Updated kitchen, bathrooms, LVP flooring, New HAVC (installed Dec2024) - Great investment - Great Vacation Home - Great Primary Residence - Or live upstairs/Rent Downstairs. Make this your New Happy Place at the Beach!
Highlights
Home typeTownhouse
HeatingCentral, Heat Pump, Baseboard
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air, Ceiling Fan(s), Wall Unit(s)
Size2,145 sqft
Year built1966
ParkingPermit Included,Handicap Parking,Under Home Parking, Attached Carport,Parking Lot,Off Street
MLS #MDWO2027194
ViewOcean
Summary
- MLS Number: MDWO2027194
- MLS Name: BRIGHT
- Office Name: Berkshire Hathaway HomeServices PenFed Realty
- Office Phone: (410) 524-7000
- Office Email: oceancity@penfedrealty.com
- Listing Agent: Jeannie Betten
- Agent Phone: (443) 365-7021
- Agent Email: info@sharingoc.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$975,000
5 48th St Unit 25
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $704,933 | $9,462 |
| 2023 | $671,300 | $9,462 |
| 2022 | $671,300 | $9,486 |
| 2021 | $671,300 | $9,486 |
| 2020 | $671,300 | $9,484 |
| 2019 | $634,833 | $9,031 |
| 2018 | $598,367 | $8,452 |
| 2017 | $561,900 | $7,937 |
History based on county public records data.
Nearby schools
10
Ocean City Elementary School
Public District PK-4
2.8 mi
•12828 Center Dr
9
Showell Elementary School
Public District PK-3
6.8 mi
•11318 Showell School Rd
8
Berlin Intermediate School
Public District 4-6
8.3 mi
•309 Franklin Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,474. The most common annual income of people living in Ocean City, MD is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
34%
<35k
43%
35k-100k
17%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
3%
12-17 yrs old
17%
18-34 yrs old
43%
35-64 yrs old
33%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Skiing/snowboarding
Where do the neighbors shop?
Stein Mart
Kmart
BJs Wholesale Club
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Panera
What do the neighbors drive?
Lexus
Buick
Infiniti
What do the neighbors listen to?
Oldies
Adult Hits
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Ocean City, MD
About 5 48th St Unit 25
This home is located at 5 48th St Unit 25 in Ocean City, MD and zip code 21842. This 2,145 square foot home was built in 1966. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 4, 2024 and is currently priced at $975,000.
Over 8 listings were sold over their listed price in February 2025 in Ocean City, MD. In the same period over 35 listings were sold below the listed price and 8 listings were sold for the listed price. The number of homes for sale in Ocean City, MD increased by 25.2% between January and February 2025. While the average time on the market in February 2025 was 77 days, the median list price was $460,714.
From Rocket Homes Real Estate and based on county public records data.