NOT LISTED FOR SALE

10429 New Quay Rd Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $481,000 - $654,000

3 Beds
2 Baths
1,232 Sq Ft
$446/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $285,000 $231 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,198/month

Highlights

  • Home fronts navigable water
  • Water Access
  • No HOA
  • Ocean City Elementary School Rated A
  • Contemporary Architecture
  • Central Air

About This Home

As of May 2019

Best Buy and Lowest Priced Waterfront Home available in quiet West Ocean City Neighborhood. This 3-bedroom 2 full bath ranch style home in Cape Isle of Wight features a canal waterview from the large, private back porch. Open Floor plan, large floored attic space, plenty of parking. Bulkheaded Lot with room for boat lift. The Western-oriented lot sits on a canal with direct access to the Bay/Ocean and known fishing grounds . Close proximity to Ocean City Beaches, Assateague Island and the areas finest restaurants. This property truly delivers a Coastal Lifestyle.

Last Agent to Sell the Property

Jay Phillips

(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate Listed on: 10/19/2018

Last Buyer's Agent

Joseph Wilson

(443) 235-8382 joewilsonsells@gmail.com Coastal Life Realty Group LLC License #633148

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,131

Year Built

  • Built in 1990

Lot Details

  • 7,425 Sq Ft Lot
  • Home fronts navigable water
  • Property is zoned R-2

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Aluminum Siding

Interior Spaces

  • 1,232 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Property is near a canal

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Private Water Source

Community Details

  • No Home Owners Association
  • Cape Isle Of Wight Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 10-003881

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,131

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1990
  • Remarks Public: Best Buy and Lowest Priced Waterfront Home available in quiet West Ocean City Neighborhood. This 3-bedroom 2 full bath ranch style home in Cape Isle of Wight features a canal waterview from the large, private back porch. Open Floor plan, large floored attic space, plenty of parking. Bulkheaded Lot with room for boat lift. The Western-oriented lot sits on a canal with direct access to the Bay/Ocean and known fishing grounds . Close proximity to Ocean City Beaches, Assateague Island and the areas finest restaurants. This property truly delivers a Coastal Lifestyle.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1232
  • Living Area Sq Ft: 1232
  • Price Per Sq Ft: 234.58
  • Above Grade Finished Sq Ft: 1232
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10429

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: Aluminum Siding
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Private/Community Water

Condo/Co-op/Association

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

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7425.00
  • Year Assessed: 2017
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5397499
  • Tax Annual Amount: 2131.00
  • Assessor Parcel Number: 10-003881
  • Tax Lot: 8
  • Tax Total Finished Sq Ft: 1232
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 05/03/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
May 3, 2019
Sold by
Heagy Samuel M and Heagy Barbara J
Bought by
Lertora Joseph W
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Joseph Wilson
Coastal Life Realty Group LLC
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Current Estimated Value
$549,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,241
Avg. Annual Appreciation
10.64%
Original Mortgage
$228,000
Outstanding Balance
$200,458
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$348,783

Purchase Details

Closed on
Oct 30, 1991
Sold by
Leister Mary A
Bought by
Heagy Samuel M and Heagy Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.91%

Purchase Details

Closed on
Jun 27, 1990
Sold by
Kasubinski Andrew L
Bought by
Leister Mary A
Source: Public Records

Range of Values:

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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
Lertora Joseph W $285,000 Ocean Investments Ttl Corp
Heagy Samuel M $120,000 --
Leister Mary A $42,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lertora Joseph W $228,000
Previous Owner Heagy Samuel M $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2019 05/03/19 Sold $285,000 -1.4% $231 / Sq Ft
03/29/2019 03/29/19 Pending -- -- --
02/25/2019 02/25/19 Price Changed $289,000 -3.0% $235 / Sq Ft
12/29/2018 12/29/18 Price Changed $298,000 -0.3% $242 / Sq Ft
11/14/2018 11/14/18 Price Changed $299,000 -0.3% $243 / Sq Ft
10/19/2018 10/19/18 For Sale $300,000 -- $244 / 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 $3,811 $412,900 $176,200 $236,700
2024 $3,517 $369,167 $0 $0
2023 $3,101 $325,433 $0 $0
2022 $2,684 $281,700 $156,200 $125,500
2021 $2,515 $262,800 $0 $0
2020 $2,334 $243,900 $0 $0
2019 $2,153 $225,000 $169,100 $55,900
2018 $2,121 $225,000 $169,100 $55,900
2017 $2,156 $225,000 $0 $0
2016 -- $227,700 $0 $0
2015 $2,079 $227,700 $0 $0
2014 $2,079 $227,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jay Phillips

    Seller's Agent in 2019

    Jay Phillips

    Holiday Real Estate

    (410) 726-8631

    32 in this area

    149 Total Sales

    Jay Phillips
    Section Image
  • Joseph Wilson

    Buyer's Agent in 2019

    Joseph Wilson

    Coastal Life Realty Group LLC

    (443) 235-8382

    18 in this area

    270 Total Sales

    Joseph Wilson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1009962176

Bright MLS

APN: 10-003881

Maryland Worcester County Ocean City 21842 West Ocean City

10429 New Quay Rd, Ocean City, MD

This home is located at 10429 New Quay Rd, Ocean City, MD 21842 since 19 October 2018 and is currently estimated at $549,241, approximately $445 per square foot. This property was built in 1990. 10429 New Quay 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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