NOT LISTED FOR SALE

10329 Racetrack Rd Berlin, MD 21811

Estimated Value: $512,484

9.16 Acres
$55,948 Price per Acre
399,010 Sq Ft Lot

Last Sold January 23, 2024

Last sale price $500,000 $531 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,099/month

61 Days on Market

Highlights

  • 9.16 Acre Lot
  • No HOA
  • Level Lot
  • Ocean City Elementary School Rated A

About This Lot

As of January 2024

Property is a total of 9.16 acres. 6.7 acres zoned C-2 and 2.4 acres zoned Resource Protected. One BUILDABLE commercial acre with direct access to Rt 589. Property is across the street from Ocean Downs Casino, public boat ramp and minutes from Ocean City, MD and Ocean Pines, MD. The possibilities are endless. Contact listing agent for a detailed sheet of approved allowances. Public water and sewer estimated from the county to be about 3 years out. Existing house and barn would be a tear down. With the growth of Rt 589 expected in the coming years, this property has enormous potential. Virtual tour is available. Land acres are estimates buyer to do there Due Diligence.

Last Agent to Sell the Property

Spike Sands

(443) 235-0489 spikesands@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS-0038938 Listed on: 03/30/2023

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Spike Sands

(443) 235-0489 spikesands@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS-0038938 Listed on: 03/30/2023

Berkshire Hathaway HomeServices PenFed Realty - OP

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,517

Lot Details

  • 9.16 Acre Lot
  • Level Lot
  • Property is zoned C2

Schools

  • Showell Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Farming

  • Farm Land Preservation

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2403011836

Property Details

Property Type

Land

Est. Annual Taxes

$5,517

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial, Land/Lot Only
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 1.35
  • Street Number Modifier: 10329

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: SHOWELL
  • Middle School: STEPHEN DECATUR
  • 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: SHOWELL
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Additional Parcels: No
  • Land Use Code: CR
  • Lot Features: Level
  • Lot Size Acres: 9.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 399010.00
  • Year Assessed: 2023
  • Zoning: C2
  • Farmland Preservation: Yes
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5517.00
  • Assessor Parcel Number: 2403011836
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 01/23/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Jan 8, 2024
Sold by
Avis Ann Nock Josephson Family Trust and Nock Joint Revocable Trust
Bought by
Racetrack Plaza Llc
Seller's Agent
Spike Sands
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Spike Sands
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$899,900
Sold Price
$500,000
Premium/Discount to List
-$399,900
-44.44%
Views
136
Current Estimated Value
$512,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,484
Avg. Annual Appreciation
1.42%

Purchase Details

Closed on
May 20, 1997
Sold by
Bradley Virginia Lee Nock
Bought by
Talbot Bradley Virginia Lee Nock and Talbot Adrienne Jean Nock
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Racetrack Plaza Llc $500,000 Ocean Investments Title
Talbot Bradley Virginia Lee Nock -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2024 01/23/24 Sold $500,000 -7.4% $531 / Sq Ft
05/08/2023 05/08/23 Price Changed $540,000 -40.0% $574 / Sq Ft
03/30/2023 03/30/23 For Sale $899,900 -- $956 / 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
2025 $4,675 $500,000 $491,600 $8,400
2024 $4,824 $500,000 $491,600 $8,400
2023 $6,242 $648,900 $0 $0
2022 $5,553 $576,500 $566,600 $9,900
2021 $4,856 $501,167 $0 $0
2020 $4,135 $425,833 $0 $0
2019 $3,414 $350,500 $333,300 $17,200
2018 $1,170 $117,700 $102,100 $15,600
2017 $1,114 $111,300 $0 $0
2016 -- $104,900 $0 $0
2015 $1,076 $98,500 $0 $0
2014 $1,076 $98,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Spike Sands

    Seller's Agent in 2024

    Spike Sands

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 235-0489

    36 in this area

    95 Total Sales

    Spike Sands
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO2013084

Bright MLS

APN: 03-011836

Maryland Worcester County Berlin 21811

10329 Racetrack Rd, Berlin, MD

This home is located at 10329 Racetrack Rd, Berlin, MD 21811 since 30 March 2023 and is currently estimated at $512,484, approximately $544 per square foot. 10329 Racetrack Rd is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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