Seller's Agent in 2023
Carol Proctor
BHHS PenFed (actual)
(443) 567-0650
14 in this area
564 Total Sales
12542 Ocean Reef Dr Berlin, MD 21811
West Ocean City NeighborhoodEstimated Value: $1,217,000 - $1,642,463
7
Beds
7
Baths
5,963
Sq Ft
$231/Sq Ft
Est. Value
Highlights
- 245 Feet of Waterfront
- Ocean View
- 1 Dock Slip
- Ocean City Elementary School Rated A
- Primary bedroom faces the bay
- Parking available for a boat
About This Home
As of April 2023Custom built waterfront home nestled on three acres in the Ocean Reef Development offering everything you could want! The home has 5949 sq ft of living space with seven bedrooms, five full bathrooms, two half bathrooms and elevator with all the custom details you will appreciate. The open floor plan highlights the brilliant panoramic views of the Atlantic Ocean, Sinepuxent Bay and Assateague Island. You will notice the abundance of natural light the moment you walk through the door. Preparing meals in the gourmet kitchen will be a chef’s delight, with hardwood flooring, granite countertops, built-ins and walk in butler pantry, stainless steel appliances, bread warmer and Cherry-wood cabinets. It is the perfect setting to entertain. The master bedrooms, with Jacuzzi baths and heated flooring. When you rise in the morning, walk right out of the French doors leading onto your private balcony overlooking the water. Sit down, relax, watch the sunrise take a sip of your coffee and plan your day. Geothermal heating and new roof in 2018. All rooms are wire and interconnected for surround sound with /39 high quality speakers and independent controls. This home has so many custom extras, dual staircases, a kitchen island, recessed lighting, cathedral ceilings (3) fireplaces, hardwood flooring, crown molding, solid wood floors, amazing views from every room; there are just too many to list. The home is being sold “As-Is” condition and listed below the As-Is Appraised Value. If you are looking for a home you can make your own, this one is for you. Professional pictures to follow.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288 Listed on: 01/07/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0024912
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,241
Year Built
- Built in 2004
Lot Details
- 3 Acre Lot
- 245 Feet of Waterfront
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- Cul-De-Sac
- Northeast Facing Home
- Landscaped
- Private Lot
- Cleared Lot
- Marsh on Lot
- Back Yard
- Property is in average condition
- The community has rules related to exclusive easements
- Property is zoned R-5
HOA Fees
- $53 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 4 Driveway Spaces
- 1 Attached Carport Space
- Basement Garage
- Parking Storage or Cabinetry
- Side Facing Garage
- Circular Driveway
- Parking available for a boat
Property Views
- Ocean
- Bay
- Panoramic
- Scenic Vista
Home Design
- Coastal Architecture
- Contemporary Architecture
- Reverse Style Home
- Studio
- Architectural Shingle Roof
- Wood Siding
- Cement Siding
- Piling Construction
Interior Spaces
- 5,963 Sq Ft Home
- Property has 4 Levels
- Open Floorplan
- Wet Bar
- Dual Staircase
- Built-In Features
- Bar
- Crown Molding
- Tray Ceiling
- Cathedral Ceiling
- Ceiling Fan
- 3 Fireplaces
- Heatilator
- Fireplace With Glass Doors
- Fireplace Mantel
- Gas Fireplace
- Insulated Windows
- Window Treatments
- Palladian Windows
- Bay Window
- Wood Frame Window
- Casement Windows
- Window Screens
- Double Door Entry
- French Doors
- Insulated Doors
- Six Panel Doors
- Family Room Off Kitchen
- Dining Area
- Den
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Butlers Pantry
- Built-In Double Oven
- Gas Oven or Range
- Six Burner Stove
- Built-In Range
- Indoor Grill
- Built-In Microwave
- ENERGY STAR Qualified Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- Primary bedroom faces the bay
- En-Suite Bathroom
- Walk-In Closet
- Whirlpool Bathtub
- Walk-in Shower
Laundry
- Dryer
- Washer
Home Security
- Storm Doors
- Flood Lights
Outdoor Features
- Outdoor Shower
- Access to Tidal Water
- Private Water Access
- Property near a bay
- Shared Slip
- Physical Dock Slip Conveys
- 1 Dock Slip
- Dock made with Treated Lumber
- Shared Waterfront
- Multiple Balconies
- Deck
- Exterior Lighting
- Shed
- Wrap Around Porch
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Forced Air Heating System
- Heat Pump System
- Vented Exhaust Fan
- Geothermal Heating and Cooling
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Accessible Elevator Installed
- Energy-Efficient Windows with Low Emissivity
- Flood Risk
Listing and Financial Details
- Home warranty included in the sale of the property
- Tax Lot 442
- Assessor Parcel Number 2410373190
Community Details
Overview
- Association fees include common area maintenance, management, reserve funds, road maintenance, snow removal
- Ocean Reef HOA
- Ocean Reef Subdivision
Amenities
- Common Area
Recreation
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 7, 2023
Closed on
Apr 17, 2023
Sold by
Walls James
Bought by
Walls James and Salem Munther
Seller's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Kimberly Heaney
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$1,325,000
Sold Price
$1,100,000
Premium/Discount to List
-$225,000
-16.98%
Views
108
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,842
Avg. Annual Appreciation
10.18%
Original Mortgage
$770,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 6, 2012
Sold by
Walls James and Walls Ann
Bought by
Walls James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 24, 2001
Sold by
Ocean Reef Inc
Bought by
Walls James and Walls Ann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Walls James | $1,100,000 | None Listed On Document | |
| Walls James | -- | None Available | |
| Walls James | $249,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Amani Khalayla | $1,495,000 | |
| Closed | Walls James | $770,000 | |
| Closed | Wall James | $248,000 | |
| Previous Owner | Walls James | $140,650 | |
| Previous Owner | Walls James | $375,000 | |
| Previous Owner | Walls James | $303,717 | |
| Closed | Walls James | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2023 04/17/23 | Sold | $1,100,000 | -15.4% | $184 / Sq Ft |
| 02/04/2023 02/04/23 | Pending | -- | -- | -- |
| 01/24/2023 01/24/23 | Price Changed | $1,299,999 | -1.9% | $218 / Sq Ft |
| 01/07/2023 01/07/23 | For Sale | $1,325,000 | -- | $222 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $11,308 | $1,302,000 | $392,000 | $910,000 |
| 2024 | $11,308 | $1,224,700 | $0 | $0 |
| 2023 | $10,932 | $1,147,400 | $0 | $0 |
| 2022 | $9,690 | $1,070,100 | $392,000 | $678,100 |
| 2021 | $9,459 | $1,047,367 | $0 | $0 |
| 2020 | $9,192 | $1,024,633 | $0 | $0 |
| 2019 | $8,933 | $1,001,900 | $437,500 | $564,400 |
| 2018 | $8,411 | $956,567 | $0 | $0 |
| 2017 | $8,296 | $911,233 | $0 | $0 |
| 2016 | $8,033 | $865,900 | $0 | $0 |
| 2015 | $6,232 | $835,300 | $0 | $0 |
| 2014 | $6,232 | $804,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Kimberly Heaney
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 386-3177
5 in this area
208 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2011660
APN: 10-373190
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