NOT LISTED FOR SALE

Estimated Value: $330,000 - $361,794

3 Beds
2 Baths
1,392 Sq Ft
$251/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $340,000 $244 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,116/month

26 Days on Market

Highlights

  • Water Oriented
  • Pond View
  • Raised Ranch Architecture
  • Ocean City Elementary School Rated A
  • Traditional Floor Plan
  • No HOA

About This Home

As of July 2024

Welcome to coastal living! Nestled in the serene neighborhood of Ocean City, MD, 10034 Silver Point Ln offers a retreat with stunning views and casual comforts. Recently updated with new HVAC, laminate flooring,
painting, etc this property boasts 3 bedrooms and 2 bathrooms spread across 1396 square feet of living space. From the moment you step inside, you'll be greeted by an abundance of natural light streaming through the spacious windows, creating an inviting ambiance throughout. The heart of this home lies in its well-appointed kitchen, complete with sleek countertops, and ample storage space, perfect for culinary enthusiasts and casual dining alike. Adjacent to the kitchen, the living and dining areas provide an ideal setting for hosting gatherings or simply relaxing by the fireplace on chilly evenings. Whether you're seeking a peaceful escape or a vibrant coastal lifestyle, this property is for you. Property is being sold 'As-Is" Don't miss the opportunity to make this wonderful property your own. Schedule a viewing today and experience the comfort and convenience this home has to offer. Professional Photos are coming soon.

Last Listed By

Elaine Davidson

RE/MAX Advantage Realty License #611737 Listed on: 05/10/2024

RE/MAX Advantage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,765

Year Built

  • Built in 1958

Lot Details

  • 0.28 Acre Lot
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Gravel Driveway

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Asbestos

Interior Spaces

  • 1,392 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Wood Burning Fireplace
  • Combination Kitchen and Dining Room
  • Laminate Flooring
  • Pond Views

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Water Oriented
  • Property is near a lake

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2410011256

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,765

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1958
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: Welcome to coastal living! Nestled in the serene neighborhood of Ocean City, MD, 10034 Silver Point Ln offers a retreat with stunning views and casual comforts. Recently updated with new HVAC, laminate flooring, painting, etc this property boasts 3 bedrooms and 2 bathrooms spread across 1396 square feet of living space. From the moment you step inside, you'll be greeted by an abundance of natural light streaming through the spacious windows, creating an inviting ambiance throughout. The heart of this home lies in its well-appointed kitchen, complete with sleek countertops, and ample storage space, perfect for culinary enthusiasts and casual dining alike. Adjacent to the kitchen, the living and dining areas provide an ideal setting for hosting gatherings or simply relaxing by the fireplace on chilly evenings. Whether you're seeking a peaceful escape or a vibrant coastal lifestyle, this property is for you. Property is being sold 'As-Is" Don't miss the opportunity to make this wonderful property your own. Schedule a viewing today and experience the comfort and convenience this home has to offer. Professional Photos are coming soon.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Dryer
  • Flooring Type: Laminate Plank
  • Interior Amenities: Combination Kitchen/Dining, Kitchen - Eat-In, Floor Plan - Traditional
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1392
  • Living Area Sq Ft: 1392
  • Price Per Sq Ft: 240.59
  • Above Grade Finished Sq Ft: 1392
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10034

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asbestos, Frame
  • Roof: Architectural Shingle
  • Spa: No
  • View: Pond, Water
  • Water Access: No
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Crushed Stone
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Sewer
  • Utilities: Cable Tv Available
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: BERLIN INTERMEDIATE SCHOOL
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.28
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12414.00
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: R-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1765.00
  • Assessor Parcel Number: 2410011256
  • Tax Total Finished Sq Ft: 1392
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/11/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jul 11, 2024
Sold by
Lsf9 Master Participation Trust and Us Bank Trust Na
Bought by
Appel Victoria and Remmell Jacques Joseph
Seller's Agent
Elaine Davidson
RE/MAX Advantage Realty
Buyer's Agent
Rachael Fritts
RE/MAX Advantage Realty
List Price
$334,900
Sold Price
$340,000
Premium/Discount to List
$5,100
1.52%
Total Days on Market
26
Views
235
Current Estimated Value
$349,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,949
Avg. Annual Appreciation
3.33%
Original Mortgage
$333,841
Outstanding Balance
$331,048
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
$18,901

Purchase Details

Closed on
Oct 6, 2018
Sold by
Dorfler Steven
Bought by
U S Bank Na and Lsf9 Master Participation Trust

Purchase Details

Closed on
Apr 17, 2009
Sold by
F S and William F
Bought by
Steven Dorfler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Interest Rate
4.86%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2007
Sold by
& S and William F Iii
Bought by
Sands William F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
7.85%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 27, 2007
Sold by
& S and William F Iii
Bought by
Sands William F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
7.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2004
Sold by
Moran Francis M and Moran Linda A.
Bought by
Sands William F and Gavin Shannon P

Purchase Details

Closed on
Sep 17, 1998
Sold by
Bayles Richard L and Bayles Lisa H
Bought by
Moran Francis M and Moran Linda A

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Appel Victoria $340,000 Lakeside Title
U S Bank Na $217,339 None Available
Steven Dorfler $230,000 --
Sands William F -- --
Sands William F -- --
Sands William F $235,000 --
Moran Francis M $119,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Appel Victoria $333,841
Previous Owner Dorfler Steven $225,834
Previous Owner Sands William F $274,000
Previous Owner Sands William F $274,000
Previous Owner Sands William B $200,000
Closed Steven Dorfler --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2024 07/11/24 Sold $340,000 +1.5% $244 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $334,900 -- $241 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,892 $192,333 $0 $0
2023 $1,765 $184,467 $0 $0
2022 $1,743 $176,600 $91,200 $85,400
2021 $1,750 $176,600 $91,200 $85,400
2020 $1,750 $176,600 $91,200 $85,400
2019 $1,751 $176,700 $91,200 $85,500
2018 $1,730 $176,700 $91,200 $85,500
2017 $1,855 $176,700 $0 $0
2016 $1,795 $189,500 $0 $0
2015 $1,691 $189,500 $0 $0
2014 $1,691 $189,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2020742

Bright MLS

APN: 10-011256