NOT LISTED FOR SALE

12217 Ocean Gateway Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $871,121

5 Beds
3 Baths
4,679 Sq Ft
$186/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $832,000 $178 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,365/month

50 Days on Market

Highlights

  • Boathouse
  • 1 Dock Slip
  • Home fronts navigable water
  • Ocean City Elementary School Rated A
  • Parking available for a boat
  • Canoe or Kayak Water Access

About This Home

As of August 2023

MAJOR PRICE REDUCTION! SELLERS ARE MOTIVATED!!! Property sold AS IS. Rare opportunity to own a one-of-a-kind property that offers so many possibilities in a desired West OC location. Over 445 ft of water frontage including a private boat ramp, private dock, and one of the few original boat houses in the area. The property also features a 5 BD/3 BA farmhouse, with 2 fireplaces, and a detached 1500 sq ft office building with 1BA, ample parking, and water views from almost every room. Office HVAC was replaced in 2021. The main level offers a large farmhouse kitchen with a fireplace, island, and water views. The dishwasher and refrigerator were replaced in 2022. A master bedroom suite is located on the main and the family room has exposed beams and a fireplace. A large laundry/mudroom with a new washer and dryer was purchased in 2023. The kitchen, dining room, family room, and master have hardwood floors. Upstairs is an additional ensuite master bedroom with cathedral ceilings, walk-in closets, and a private balcony overlooking the water. There are 3 additional bedrooms and a bath with a skylight upstairs. The roof on the farmhouse is approx. 10 years old and the crawl space is encapsulated. The detached office has additional attic storage. A water softener system for the house was added in 2022. This property offers something for everyone. Enjoy beautiful sunrises, boating, fishing, or kayaking. The possibilities are unlimited! Park your boat or jet skis out back and head out to all that OC has to offer within minutes. Opportunity for your business next door to your home! Potential for personal, rental, or professional business use! Office building could be repurposed for flex space, home gym, studio, workshop, AirBNB, In-law suite, or rental. Ease of access as the property has its own turn lane on RT 50 eastbound. Live in the main house or use some (or ALL) of the bedrooms as a rental investment, right as we approach peak rental season! With some TLC, this property will shine. Located just minutes away from Ocean City and Assateague beaches. This iconic West Ocean City property will not last long.

Last Agent to Sell the Property

Tina Busko

Coldwell Banker Realty License #681360 Listed on: 05/26/2023

Coldwell Banker Realty

Co-Listed By

Anna Spann

Coldwell Banker Realty License #674115

Last Buyer's Agent

Beth Bearinger

Keller Williams Gateway LLC

Keller Williams Gateway LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,363

Year Built

  • Built in 1950 | Remodeled in 1998

Lot Details

  • 0.7 Acre Lot
  • Home fronts navigable water
  • Creek or Stream
  • Vinyl Fence
  • Property is in good condition

Property Views

  • Woods
  • Creek or Stream

Home Design

  • Coastal Architecture
  • Farmhouse Style Home
  • Foundation Flood Vent
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 4,679 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Wainscoting
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Stove
  • Self Contained Fireplace Unit Or Insert
  • Fireplace With Glass Doors
  • Stone Fireplace
  • Fireplace Mantel
  • Brick Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Double Hung Windows
  • Bay Window
  • Wood Frame Window
  • French Doors
  • Sliding Doors
  • Formal Dining Room
  • Sauna
  • Crawl Space
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Double Self-Cleaning Oven
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Cedar Closet
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Front Loading Washer

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Open Parking Spaces
  • 14 Parking Spaces
  • 4 Driveway Spaces
  • Private Parking
  • Lighted Parking
  • Parking Lot
  • Parking available for a boat
  • Secure Parking

Accessible Home Design

  • Doors swing in
  • More Than Two Accessible Exits
  • Level Entry For Accessibility

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Personal Watercraft
  • Physical Dock Slip Conveys
  • Boathouse
  • 1 Dock Slip
  • Dock Against Bulkhead
  • Dock made with Treated Lumber
  • Powered Boats Permitted
  • Balcony
  • Deck
  • Screened Patio
  • Office or Studio
  • Shed
  • Storage Shed
  • Outbuilding
  • Porch

Location

  • Flood Risk
  • Property is near a creek

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Heat Pump System
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Powered By Owned Propane
  • Propane
  • Water Treatment System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2410010055

Community Details

Overview

  • No Home Owners Association
  • West Ocean City Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,363

Year Built

Built in 1950 | Remodeled in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Farmhouse/National Folk, Coastal
  • Accessibility Features: 2+ Access Exits, Doors - Swing In, Level Entry - Main
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-05-26
  • Federal Flood Zone: Yes
  • Year Built: 1950
  • Year Renovated: 1998
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Icemaker, Oven - Double, Oven - Self Cleaning, Stainless Steel Appliances, Water Conditioner - Owned, Water Heater, Washer - Front Loading
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Attic, Attic/House Fan, Carpet, Cedar Closet(s), Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Island, Kitchen - Table Space, Pantry, Sauna, Recessed Lighting, Skylight(s), Soaking Tub, Store/Office, Stall Shower, Stove - Pellet, Tub Shower, Wainscotting, Walk-In Closet(s), Water Treat System, Wood Floors
  • Window Features: Bay/Bow, Double Hung, Insulated, Skylights, Vinyl Clad, Wood Frame
  • Fireplace Features: Brick, Stone, Fireplace - Glass Doors, Insert, Mantel(s)
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: French, Sliding Glass, Storm
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Crawl Space, Flood Vent, Other
  • Levels Count: 2
  • Room Count: 14
  • Basement: No
  • Total Sq Ft: 4679
  • Living Area Sq Ft: 4679
  • Price Per Sq Ft: 213.72
  • Above Grade Finished Sq Ft: 4679
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12217

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Office/Studio, Boat House, Shed, Storage Barn/Shed
  • Construction Materials: Frame, Stick Built, Vinyl Siding
  • Exterior Features: Boat Storage, Street Lights, Sidewalks, Outbuilding(s)
  • Roof: Asphalt
  • Spa: No
  • View: Creek/Stream, Trees/Woods, Street, Water
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Boat - Powered, Private Access, Personal Watercraft (PWC)
  • Water Access: Yes
  • Water Body Name: Herring Creek
  • Water Body Type: Creek/Stream
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Lighted Parking, Private, Secure Parking
  • Total Garage And Parking Spaces: 14
  • Type Of Parking: Driveway, Parking Lot
  • Number of Spaces in Driveway: 4
  • Parking Lot Number Of Spaces: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Propane - Owned, Wood, Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Septic Exists
  • Utilities: Cable Tv Available, Natural Gas Available, Propane
  • Water Source: Well
  • Internet Services: Cable

Condo/Co-op/Association

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

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: BERLIN INTERMEDIATE SCHOOL
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Vinyl
  • Land Use Code: RC
  • Lot Size Acres: 0.70
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30328.00
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Screened
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: R-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 5363.00
  • Assessor Parcel Number: 2410010055
  • Tax Total Finished Sq Ft: 4679
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/11/2023

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Aug 11, 2023
Sold by
Sampson Suzanne and Sampson John
Bought by
Ohora Jason and Ohora Kendra
Seller's Agent
Tina Busko
Coldwell Banker Realty
Buyer's Agent
Beth Bearinger
Keller Williams Gateway LLC
List Price
$1,200,000
Sold Price
$832,000
Premium/Discount to List
-$368,000
-30.67%
Total Days on Market
50
Views
105
Current Estimated Value
$871,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,121
Avg. Annual Appreciation
3.31%
Original Mortgage
$699,500
Outstanding Balance
$682,008
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$200,247

Purchase Details

Closed on
Aug 27, 1997
Sold by
Johnson George R
Bought by
Sampson John R and Sampson Suzanne M

Purchase Details

Closed on
Mar 29, 1995
Sold by
Johnson Barbra Paul
Bought by
Johnson George R
Source: Public Records

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Range of Values:

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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
Ohora Jason $832,000 Fidelity National Title
Sampson John R $286,000 --
Johnson George R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohora Jason $699,500
Previous Owner Sampson John R $450,000
Closed Sampson John R --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $832,000 -16.8% $178 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
06/28/2023 06/28/23 Price Changed $999,990 -9.1% $214 / Sq Ft
06/13/2023 06/13/23 Price Changed $1,100,000 -8.3% $235 / Sq Ft
05/26/2023 05/26/23 For Sale $1,200,000 -- $256 / 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
2024 $5,870 $609,800 $0 $0
2023 $5,572 $585,100 $0 $0
2022 $5,399 $560,400 $331,500 $228,900
2021 $5,399 $557,933 $0 $0
2020 $5,376 $555,467 $0 $0
2019 $5,352 $553,000 $328,600 $224,400
2018 $5,205 $548,267 $0 $0
2017 $5,182 $543,533 $0 $0
2016 $7,688 $538,800 $0 $0
2015 $4,452 $538,900 $0 $0
2014 $4,452 $538,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tina Busko

    Seller's Agent in 2023

    Tina Busko

    Coldwell Banker Realty

    (865) 300-5609

    2 in this area

    22 Total Sales

    Tina Busko
    Section Image
  • Anna Spann

    Seller Co-Listing Agent in 2023

    Anna Spann

    Coldwell Banker Realty

    (443) 783-2687

    2 in this area

    167 Total Sales

    Anna Spann
    Section Image
  • Beth Bearinger

    Buyer's Agent in 2023

    Beth Bearinger

    Keller Williams Gateway LLC

    (443) 253-4948

    1 in this area

    40 Total Sales

    Beth Bearinger
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2013870

Bright MLS

APN: 10-010055

Maryland Worcester County Ocean City 21842 West Ocean City

12217 Ocean Gateway, Ocean City, MD

This home is located at 12217 Ocean Gateway, Ocean City, MD 21842 since 26 May 2023 and is currently estimated at $871,121, approximately $186 per square foot. This property was built in 1950. 12217 Ocean Gateway 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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