NOT LISTED FOR SALE

1206 Philadelphia Ave Ocean City, MD 21842

Estimated Value: $1,514,651

-- Bed
-- Bath
1,344 Sq Ft
$1,127/Sq Ft Est. Value

About This Home

This home is located at 1206 Philadelphia Ave, Ocean City, MD 21842 and is currently estimated at $1,514,651, approximately $1,126 per square foot. 1206 Philadelphia Ave 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
Mar 22, 2017
Sold by
Musa Llc
Bought by
Ozgan Mustafa
Current Estimated Value
$1,514,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$534,126
Interest Rate
4.23%
Estimated Equity
$991,480

Purchase Details

Closed on
May 25, 2000
Sold by
Cato Development Inc
Bought by
Musa Llc

Purchase Details

Closed on
Jan 16, 1996
Sold by
Vernon Wood Jackie
Bought by
Cato Development Inc

Purchase Details

Closed on
Oct 15, 1984
Sold by
Texaco Inc
Bought by
Wood Jackie Vernon and Wood Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
14.19%
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
Ozgan Mustafa $800,000 Ocean Investments Title Corp
Musa Llc $362,500 --
Cato Development Inc $250,000 --
Wood Jackie Vernon $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ozgan Mustafa $640,000
Previous Owner Musa Llc $473,461
Previous Owner Musa Llc $3,190,000
Previous Owner Hamad Muhanad $975,000
Previous Owner Wood Jackie Vernon $85,000
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 $15,085 $1,179,467 $0 $0
2024 $15,085 $1,081,100 $910,100 $171,000
2023 $14,933 $1,062,567 $0 $0
2022 $14,672 $1,044,033 $0 $0
2021 $14,491 $1,025,500 $860,100 $165,400
2020 $13,328 $943,333 $0 $0
2019 $12,251 $861,167 $0 $0
2018 $10,988 $779,000 $606,700 $172,300
2017 $11,004 $779,000 $0 $0
2016 $16,755 $779,000 $0 $0
2015 $14,216 $849,600 $0 $0
2014 $14,216 $849,600 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842

1206 Philadelphia Ave, Ocean City, MD

This home is located at 1206 Philadelphia Ave, Ocean City, MD 21842 and is currently estimated at $1,514,651, approximately $1,126 per square foot. 1206 Philadelphia Ave 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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