NOT LISTED FOR SALE

1240 Ocean Pkwy Berlin, MD 21811

Estimated Value: $372,349 - $432,000

3 Beds
2 Baths
1,516 Sq Ft
$264/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $235,001 $155 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,415/month

425 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Bar or Lounge
  • Showell Elementary School Rated A-
  • Golf Course Community
  • Private Beach Club

About This Home

As of September 2019

The perfect beach getaway. This well maintained 3Br 2Ba home boast an open living, dining, kitchen floor plan, along with separate Florida Room and additional screened porch to enjoy the most of indoor outdoor living. Fire place in living room for those cozy nights and a great retractable awning over the front porch for those warm summer evenings. If your looking for the beach lifestyle in a quiet area this is it.

Last Agent to Sell the Property

Kevin Heselbach

kevin.heselbach@evrealestate.com Engel & Völkers Ocean City License #603734 Listed on: 06/24/2018

Engel & Völkers Ocean City

Co-Listed By

Pat Terrill

(443) 497-2332 pat.terrill@gmail.com Hileman Real Estate Inc.-OC

Last Buyer's Agent

Jeffrey Messick

(410) 251-2196 jeffrey.messick@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0024707

Berkshire Hathaway HomeServices PenFed Realty-WOC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,040

Year Built

  • Built in 2005

Lot Details

  • 7,500 Sq Ft Lot
  • Property is zoned R-2

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Raised Ranch Architecture
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,516 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished
  • Gas Fireplace
  • Sun or Florida Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Forced Air Heating and Cooling System
  • 150 Amp Service

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 224
  • Assessor Parcel Number 03-101975

Community Details

Overview

  • Association fees include common area maintenance, pool(s), road maintenance, snow removal
  • Ocean Pines HOA
  • Ocean Pines Sherwood Forest Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Beauty Salon
  • Community Center
  • Bar or Lounge

Recreation

  • Boat Ramp
  • Marina
  • Beach
  • Golf Course Community
  • Golf Course Membership Available
  • Private Beach Club
  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Playground
  • Community Indoor Pool
  • Pool Membership Available
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,040

Year Built

Built in 2005

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Sun/Florida Room
  • Basement: No
  • Total Sq Ft: 1516
  • Living Area Sq Ft: 1516
  • Price Per Sq Ft: 155.01
  • Above Grade Finished Sq Ft: 1516
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 150 Amps
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 951.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Baseball Field, Basketball Courts, Beach, Beach Club, Beauty Salon, Bike Trail, Boat Ramp, Common Grounds, Community Center, Golf Course, Golf Course Membership Available, Marina/Marina Club, Picnic Area, Pool - Indoor, Pool - Outdoor, Pool Mem Avail, Swimming Pool, Tot Lots/Playground, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Road Maintenance, Snow Removal
  • HOA Name: OCEAN PINES
  • HOA: Yes
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5386804
  • Tax Annual Amount: 2040.00
  • Assessor Parcel Number: 03-101975
  • Tax Lot: 224
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2025
Sold by
Peeling Charles Michael and Waldt-Peeling Catherine Ann
Bought by
Peeling Family Living Trust and Peeling
Current Estimated Value
$400,087

Purchase Details

Listed on
Jun 24, 2018
Closed on
Sep 20, 2019
Sold by
Taggart Thomas and Taggart Marie
Bought by
Peeling Charles Michael and Waldt Peeling Catherine Ann
Seller's Agent
Kevin Heselbach
Engel & Völkers Ocean City
Buyer's Agent
Jeffrey Messick
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$235,000
Sold Price
$235,001
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$90,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2005
Sold by
J & V Investment Co
Bought by
Thomas Taggart and Taggart Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2005
Sold by
Ferraro Theodore A
Bought by
J & V Investment Co

Purchase Details

Closed on
Jul 31, 2002
Sold by
Life Ferraro Theodore A For
Bought by
Ferraro Theodore A

Purchase Details

Closed on
Jun 26, 2001
Sold by
Hawthorne Associates
Bought by
Ferraro Theodore A and Canevello Victor A

Purchase Details

Closed on
Oct 12, 1999
Sold by
Bartimo Barry J
Bought by
Hawthorne Associates

Purchase Details

Closed on
Sep 26, 1995
Sold by
Howells Raymond R
Bought by
Bartimo Barry J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Peeling Family Living Trust -- None Listed On Document
Peeling Family Living Trust -- None Listed On Document
Peeling Charles Michael $235,001 Capital Title Group
Thomas Taggart $280,000 --
J & V Investment Co $105,000 --
Ferraro Theodore A $13,000 --
Ferraro Theodore A -- --
Hawthorne Associates $20,000 --
Bartimo Barry J $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peeling Charles Michael $90,000
Previous Owner Thomas Taggart $180,000
Closed J & V Investment Co --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2019 09/20/19 Sold $235,001 0.0% $155 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
07/10/2019 07/10/19 Price Changed $235,000 0.0% $155 / Sq Ft
07/10/2019 07/10/19 For Sale $235,000 0.0% $155 / Sq Ft
06/30/2019 06/30/19 Off Market $235,001 -- --
01/02/2019 01/02/19 For Sale $245,000 +4.3% $162 / Sq Ft
01/01/2019 01/01/19 Off Market $235,001 -- --
11/14/2018 11/14/18 Price Changed $245,000 -3.9% $162 / Sq Ft
07/19/2018 07/19/18 Price Changed $255,000 -1.9% $168 / Sq Ft
07/09/2018 07/09/18 Price Changed $259,995 -1.9% $172 / Sq Ft
06/27/2018 06/27/18 Price Changed $264,995 -90.0% $175 / Sq Ft
06/24/2018 06/24/18 For Sale $2,649,995 -- $1,748 / 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 $2,788 $302,033 $0 $0
2024 $2,614 $274,400 $79,200 $195,200
2023 $2,456 $257,800 $0 $0
2022 $2,298 $241,200 $0 $0
2021 $2,149 $224,600 $59,700 $164,900
2020 $2,040 $213,167 $0 $0
2019 $1,931 $201,733 $0 $0
2018 $1,794 $190,300 $55,200 $135,100
2017 $1,726 $186,267 $0 $0
2016 -- $182,233 $0 $0
2015 $1,579 $178,200 $0 $0
2014 $1,579 $178,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001894410

Bright MLS

APN: 03-101975