NOT LISTED FOR SALE

12516 Ocean Reef Dr Berlin, MD 21811

West Ocean City Neighborhood

Estimated Value: $807,000 - $1,270,000

4 Beds
4.5 Baths
4,032 Sq Ft
$246/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $479,000 $119 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,766/month

187 Days on Market

Highlights

  • 0.93 Acre Lot
  • Contemporary Architecture
  • Cathedral Ceiling
  • Ocean City Elementary School Rated A
  • Wooded Lot
  • Main Floor Bedroom

About This Home

As of October 2018

PRICE REDUCED!!! and the Best Buy in Ocean Reef- one of West Ocean City's most prestigious and desirable communities! This spectacular 4BD, 4 1/2 BA home features expansive rooms throughout & endless high-end appointments inc: hardwood floors, soaring ceilings, tray ceilings, regal crown molding, 2 fireplaces, hardscaped & fenced backyard oasis w/ barbeque & firepit, endless storage, wine room, den/office, 2 car garage & the list goes on. Each bedroom has a full bathroom. Enormous master bd suites on both 1st & 2nd floors. The kitchen is at the heart of this home surrounded by & open to the family room, living room, & dining room. This prestigious community is convenient to great restaurants, outlet shopping, airport, OC beach & boardwalk, Assateague Island State and National Parks, & historical Berlin-voted best small town in America!

Last Agent to Sell the Property

Eric I. Green

(443) 856-2211 eginoc@gmail.com Coldwell Banker Realty Listed on: 03/08/2018

Coldwell Banker Realty

Last Buyer's Agent

Kevin Decker

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

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,732

Year Built

  • Built in 2000

Lot Details

  • 0.93 Acre Lot
  • Wooded Lot
  • Property is zoned R5, R5

HOA Fees

  • $53 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 4,032 Sq Ft Home
  • Property has 2 Levels
  • Chair Railings
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Crawl Space

Kitchen

  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Wine Rack
  • Trash Compactor
  • Compactor
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Doors

Outdoor Features

  • Patio
  • Porch

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 220 Volts

Community Details

  • Ocean Reef HOA
  • Ocean Reef Subdivision

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 373123

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,732

Year Built

Built in 2000

Lot Details

0

HOA Fees

$53 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Exclusions: Funiture
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2000
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Trash Compactor, Compactor, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Icemaker, Washer
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Chair Railings, Crown Moldings, Upgraded Countertops, Wine Storage, Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 4032
  • Living Area Sq Ft: 4032
  • Price Per Sq Ft: 124.01
  • Above Grade Finished Sq Ft: 4032
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Fiber Cement, Stick Built
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 928.00
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 630.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: OCEAN REEF HOA
  • HOA: Yes
  • Senior Community: No

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 Features: Trees/Wooded
  • Lot Size Acres: 0.93
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 40562.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Zoning: R5
  • Zoning Description: R5
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5732.00
  • Assessor Parcel Number: 373123
  • Tax Lot: 12
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Cropper Ocean Reef Llc
Bought by
Trala George V
Current Estimated Value
$993,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,400
Outstanding Balance
$441,677
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$551,545

Purchase Details

Listed on
Mar 8, 2018
Closed on
Oct 1, 2018
Sold by
Chong Yun Sik and Chong Yoon Mee
Bought by
Cropper Ocean Reef Llc
Seller's Agent
Eric I. Green
Coldwell Banker Realty
Buyer's Agent
Kevin Decker
Coastal Life Realty Group LLC
List Price
$549,900
Sold Price
$479,000
Premium/Discount to List
-$70,900
-12.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%

Purchase Details

Closed on
Jul 15, 2014
Sold by
Flaisher Meir and Bass Roberta
Bought by
Gallagher Stephen James and Gallagher Rebecca Marie

Purchase Details

Closed on
Jan 17, 2014
Sold by
Mccabe Kevin A and Lucido Mccabe Kimberly
Bought by
Chong Yun Sik and Chong Yoon Mee

Purchase Details

Closed on
May 17, 2004
Sold by
Burkhardt Francis D
Bought by
Mccabe Kevin A and Mccabe Kimberly Lucido

Purchase Details

Closed on
Jun 30, 1999
Sold by
Ocean Reef Inc
Bought by
Burkhardt Francis D and Burkhardt Sarah L
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
Trala George V -- None Available
Cropper Ocean Reef Llc $479,000 Resort Land Title & Escrow L
Gallagher Stephen James $415,000 Resort Land Title & Escrow L
Chong Yun Sik $585,000 Ocean Investments Title Corp
Mccabe Kevin A $612,500 --
Burkhardt Francis D $57,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trala George V $492,400
Closed Burkhardt Francis D --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2018 10/01/18 Sold $479,000 -4.2% $119 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
08/20/2018 08/20/18 Price Changed $499,999 -4.8% $124 / Sq Ft
08/04/2018 08/04/18 Price Changed $525,000 -4.5% $130 / Sq Ft
07/03/2018 07/03/18 For Sale $549,900 0.0% $136 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
05/16/2018 05/16/18 Price Changed $549,900 -1.8% $136 / Sq Ft
04/18/2018 04/18/18 Price Changed $559,999 -3.4% $139 / Sq Ft
03/08/2018 03/08/18 For Sale $579,999 -- $144 / Sq Ft
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 $6,597 $859,400 $265,500 $593,900
2024 $6,548 $785,367 $0 $0
2023 $6,304 $711,333 $0 $0
2022 $6,072 $637,300 $132,500 $504,800
2021 $6,072 $634,433 $0 $0
2020 $4,068 $631,567 $0 $0
2019 $6,017 $628,700 $150,400 $478,300
2018 $5,817 $617,000 $0 $0
2017 $5,621 $605,300 $0 $0
2016 $4,741 $593,600 $0 $0
2015 $4,741 $592,033 $0 $0
2014 $4,741 $590,467 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Eric I. Green

    Coldwell Banker Realty

    Section Image
  • Kevin Decker

    Buyer's Agent in 2018

    Kevin Decker

    Coastal Life Realty Group LLC

    (443) 235-6552

    49 in this area

    302 Total Sales

    Kevin Decker
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001564746

Bright MLS

APN: 10-373123

Maryland Worcester County Berlin 21811 West Ocean City

12516 Ocean Reef Dr, Berlin, MD

Not Listed for Sale

Detached

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