NOT LISTED FOR SALE

1098 Ocean Pkwy Ocean Pines, MD 21811

Estimated Value: $388,000 - $413,000

0.23 Acre
$1,731,952 Price per Acre
9,923 Sq Ft Lot

Last Sold April 28, 2016

Last sale price $47,500

Est. 739% increase in value since last sale

Current estimated payment $2,398/month

230 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Private Beach Club
  • Showell Elementary School Rated A-
  • Golf Course Community
  • Wooded Lot

About This Lot

As of April 2016

Ocean Pines South - This wooded lot backs to the Sherwood Forest walking trail. Nice lot to build your new home.

Last Agent to Sell the Property

Linda Zaretsky

(410) 524-1700 linda.zaretsky@penfedrealty.com Long & Foster Real Estate, Inc. License #634348 Listed on: 07/16/2015

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Kevin Decker

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #532548

Property Details

Property Type

  • Land

Lot Details

  • 9,923 Sq Ft Lot
  • Wooded Lot
  • Zoning described as R2

HOA Fees

  • $77 Monthly HOA Fees

Schools

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

Utilities

  • Public Hookup Available For Sewer

Listing and Financial Details

  • Tax Lot 387
  • Assessor Parcel Number 095711

Community Details

Overview

  • Ocean Pines Sherwood Forest Subdivision

Recreation

  • Boat Ramp
  • Marina
  • Golf Course Community
  • Private Beach Club
  • Tennis Courts
  • Community Playground
  • Community Indoor Pool

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$77 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Historic: No
  • New Construction: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 6.00

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: Public Hook/Up Avail
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 921.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach Club, Boat Ramp, Golf Course, Pool - Indoor, Marina/Marina Club, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA: Yes

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: SHOWELL
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Trees/Wooded
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9923.00
  • Possible Use: Residential
  • Zoning Description: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5386238
  • Assessor Parcel Number: 095711
  • Tax Lot: 387
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2019
Sold by
Cottingham Land Development Llc
Bought by
Ryt Rentals Llc
Current Estimated Value
$398,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Outstanding Balance
$224,191
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$174,158

Purchase Details

Listed on
Jul 16, 2015
Closed on
Apr 28, 2016
Sold by
Durst Bakshi Pritpal Singh and Durst Bakshi Judy
Bought by
Cottingham Land Development Llc
Seller's Agent
Linda Zaretsky
Long & Foster Real Estate, Inc.
Buyer's Agent
Kevin Decker
Coastal Life Realty Group LLC
List Price
$59,500
Sold Price
$47,500
Premium/Discount to List
-$12,000
-20.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ryt Rentals Llc $260,000 None Available
Cottingham Land Development Llc $47,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryt Rentals Llc $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2016 04/28/16 Sold $47,500 -20.2% --
03/30/2016 03/30/16 Pending -- -- --
07/16/2015 07/16/15 For Sale $59,500 -- --
Source: Bright MLS

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 $3,030 $328,333 $0 $0
2024 $2,857 $299,900 $89,600 $210,300
2023 $2,645 $277,600 $0 $0
2022 $2,432 $255,300 $0 $0
2021 $2,230 $233,000 $67,400 $165,600
2020 $2,140 $223,600 $0 $0
2019 $2,050 $214,200 $0 $0
2018 $456 $48,400 $48,400 $0
2017 $395 $45,067 $0 $0
2016 -- $41,733 $0 $0
2015 $623 $38,400 $0 $0
2014 $623 $38,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Zaretsky

    Seller's Agent in 2016

    Linda Zaretsky

    Long & Foster

    (410) 603-6625

    8 in this area

    18 Total Sales

    Linda Zaretsky
    Section Image
  • Kevin Decker

    Buyer's Agent in 2016

    Kevin Decker

    Coastal Life Realty Group LLC

    (443) 235-6552

    95 in this area

    301 Total Sales

    Kevin Decker
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000863078

Bright MLS

APN: 03-095711

Maryland Worcester County Ocean Pines 21811

1098 Ocean Pkwy, Ocean Pines, MD

Not Listed for Sale

Lots

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