NOT LISTED FOR SALE

107 Somerset St Unit 1 Ocean City, MD 21842

Estimated Value: $529,231

-- Bed
-- Bath
1,726 Sq Ft
$307/Sq Ft Est. Value

About This Home

This home is located at 107 Somerset St Unit 1, Ocean City, MD 21842 and is currently estimated at $529,231, approximately $306 per square foot. 107 Somerset St Unit 1 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2015
Sold by
Melkumyan Tigran
Bought by
Luu Hoa Gin and Nguyen Hue Thi
Current Estimated Value
$529,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$110,345
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$418,886

Purchase Details

Closed on
Jan 5, 2010
Sold by
Route 50 Realty Llc
Bought by
Tigran Melkumyan

Purchase Details

Closed on
Aug 15, 2006
Sold by
Somerset Real Estate Corp
Bought by
Route 50 Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2006
Sold by
Somerset Real Estate Corp
Bought by
Route 50 Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 1983
Sold by
Development Planning Inc
Bought by
Somerset Real Estate Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
12.82%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Luu Hoa Gin $275,000 None Available
Tigran Melkumyan $392,500 --
Route 50 Realty Llc $350,000 --
Route 50 Realty Llc $350,000 --
Somerset Real Estate Corp $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luu Hoa Gin $140,000
Previous Owner Route 50 Realty Llc $350,000
Previous Owner Route 50 Realty Llc $350,000
Previous Owner Somerset Real Estate Corp $153,000
Source: Public Records

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 $4,214 $310,633 $0 $0
2024 $4,214 $302,000 $151,000 $151,000
2023 $4,163 $296,233 $0 $0
2022 $4,082 $290,467 $0 $0
2021 $4,023 $284,700 $142,300 $142,400
2020 $4,023 $284,700 $142,300 $142,400
2019 $4,050 $284,700 $142,300 $142,400
2018 $4,020 $284,700 $142,300 $142,400
2017 $4,022 $284,700 $0 $0
2016 -- $284,700 $0 $0
2015 -- $379,700 $0 $0
2014 $4,038 $365,300 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842

107 Somerset St Unit 1, Ocean City, MD

This home is located at 107 Somerset St Unit 1, Ocean City, MD 21842 and is currently estimated at $529,231, approximately $306 per square foot. 107 Somerset St Unit 1 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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