NOT LISTED FOR SALE

121 Ocean Dr Ocean City, MD 21842

Estimated Value: $539,000 - $581,000

3 Beds
2 Baths
1,536 Sq Ft
$365/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $297,500 $194 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $3,443/month

36 Days on Market

Highlights

  • Rambler Architecture
  • Cathedral Ceiling
  • Tennis Courts
  • Ocean City Elementary School Rated A
  • Community Pool
  • Enclosed Patio or Porch

About This Home

As of November 2017

Resort Housing Group built home, short walking distance to the beach, city park, and many local restaurants. Montego Bay is consistently one of Ocean City's most family oriented developments, making this property an amazing beach house or full-time residency.

Last Agent to Sell the Property

Darryl Greer

(410) 213-7721 dgreer@resorthousing.com Resort Homes Real Estate Group Listed on: 07/12/2017

Last Buyer's Agent

Darryl Greer

(410) 213-7721 dgreer@resorthousing.com Resort Homes Real Estate Group Listed on: 07/12/2017

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • 3,485 Sq Ft Lot
  • West Facing Home
  • Sprinkler System
  • Zoning described as TR

HOA Fees

  • $18 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Stone Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,536 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Crawl Space
  • Storage In Attic
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Enclosed Patio or Porch
  • Storage Shed

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 225B
  • Assessor Parcel Number 196574

Community Details

Overview

  • Montego Bay Home Owners Association
  • Montego Bay Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

0

HOA Fees

$18 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: exclusions include dinning room tbl, china cabnit, chest at foot of master bed.
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Federal Flood Zone: Yes
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Sprinkler System
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1536
  • Living Area Sq Ft: 1536
  • Price Per Sq Ft: 204.43
  • Above Grade Finished Sq Ft: 1536
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame, Concrete, Stone, Vinyl Siding, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 220.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Name: MONTEGO BAY HOME OWNERS ASSOCIATION
  • HOA: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.08
  • Outdoor Living Structures: Enclosed
  • Zoning Description: TR
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 196574
  • Tax Lot: 225B
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2017
Closed on
Sep 29, 2017
Sold by
Stofa David S and Stofa Mary K
Bought by
Dyas Jeffrey Thoams and Dyas Beth Ann
Seller's Agent
Darryl Greer
Resort Homes Real Estate Group
Buyer's Agent
Darryl Greer
Resort Homes Real Estate Group
List Price
$314,900
Sold Price
$297,500
Premium/Discount to List
-$17,400
-5.53%
Current Estimated Value
$561,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,529
Avg. Annual Appreciation
8.03%
Original Mortgage
$238,000
Outstanding Balance
$198,583
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$362,446

Purchase Details

Closed on
Jun 12, 1997
Sold by
Blomeier William O and Blomeier Phyllis J
Bought by
Stofa David S and Stofa Mary K

Purchase Details

Closed on
Jul 13, 1982
Sold by
Stone Neal K
Bought by
Blomeier William O and Blomeier Phyllis J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dyas Jeffrey Thoams $297,500 Advantage Title Co
Stofa David S $60,000 --
Blomeier William O $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dyas Jeffrey Thoams $238,000
Closed Stofa David S --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2017 11/01/17 Sold $297,500 -5.5% $194 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $314,900 -- $205 / 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 $5,905 $432,400 $0 $0
2024 $5,023 $360,000 $0 $0
2023 $4,042 $287,600 $110,000 $177,600
2022 $3,934 $279,900 $0 $0
2021 $3,846 $272,200 $0 $0
2020 $3,737 $264,500 $110,000 $154,500
2019 $3,763 $264,500 $110,000 $154,500
2018 $3,725 $264,500 $110,000 $154,500
2017 $4,073 $288,300 $0 $0
2016 -- $271,100 $0 $0
2015 $3,513 $253,900 $0 $0
2014 $3,513 $236,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000517498

Bright MLS

APN: 10-196574