NOT LISTED FOR SALE

12544 Ocean Reef Dr Berlin, MD 21811

West Ocean City Neighborhood

Estimated Value: $1,030,000 - $1,471,120

0.92 Acre
$1,359,272 Price per Acre
40,075 Sq Ft Lot

Last Sold August 14, 2015

Last sale price $490,000

Est. 155% increase in value since last sale

Current estimated payment $7,390/month

67 Days on Market

Highlights

  • 1 Boat Dock
  • Pier
  • Bay View
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • 0.92 Acre Lot

About This Lot

As of August 2015

This home is located at 12544 Ocean Reef Dr, Berlin, MD 21811 since 08 April 2015 and is currently estimated at $1,250,530. 12544 Ocean Reef Dr is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Last Agent to Sell the Property

Jamie Caine

(443) 856-2211 jamiecocmd@gmail.com Coldwell Banker Realty License #52321 Listed on: 04/08/2015

Coldwell Banker Realty

Last Buyer's Agent

Ginnie Malone

(410) 543-4545 greg.goldman@cbmove.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 0.92 Acre Lot
  • Home fronts navigable water
  • Cul-De-Sac
  • Cleared Lot
  • Property is zoned R-5, R5

HOA Fees

  • $40 Monthly HOA Fees

Schools

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

Utilities

  • Well Permit on File
  • Lateral or Tap On-Site

Additional Features

  • Bay Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 373204

Community Details

Overview

  • Ocean Reef Subdivision

Recreation

  • Pier
  • Water Access
  • Property near a bay
  • 1 Boat Dock

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$40 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 13.66

Exterior Features

  • Construction Completed: No
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Water Frontage Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap On Site
  • Water Source: Well Permit On File, Private

Condo/Co-op/Association

  • HOA Fees: 475.00
  • HOA Fee Frequency: Annually
  • 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 Features: Cleared, Cul-De-Sac
  • Lot Size Acres: 0.92
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 40248.00
  • Zoning: R-5
  • Zoning Description: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 373204
  • Tax Lot: 25
  • 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
Apr 8, 2015
Closed on
Aug 14, 2015
Sold by
Timmons John T and Timmons Stephanie K
Bought by
Malone Robert T and Rinnier Lisa Lankford
Seller's Agent
Jamie Caine
Coldwell Banker Realty
Buyer's Agent
Ginnie Malone
Coldwell Banker Realty
List Price
$549,900
Sold Price
$490,000
Premium/Discount to List
-$59,900
-10.89%
Current Estimated Value
$1,250,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$760,530
Avg. Annual Appreciation
9.32%
Original Mortgage
$390,000
Outstanding Balance
$146,748
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,103,782

Purchase Details

Closed on
Jul 15, 2005
Sold by
Coffin Keith A
Bought by
Timmons John T and Timmons Stephanie K

Purchase Details

Closed on
Jul 15, 2004
Sold by
Fowler Fred and Fowler Charlene
Bought by
Coffin Keith A

Purchase Details

Closed on
Feb 13, 2001
Sold by
Ocean Reef Inc
Bought by
Fowler Fred and Fowler Charlene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Malone Robert T $490,000 None Available
Timmons John T $850,000 --
Coffin Keith A $500,000 --
Fowler Fred $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malone Robert T $390,000
Closed Coffin Keith A --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2015 09/28/15 Pending -- -- --
08/14/2015 08/14/15 Sold $490,000 -10.9% --
04/09/2015 04/09/15 For Sale $549,900 -- --
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 $10,266 $1,112,300 $426,400 $685,900
2024 $10,088 $1,058,833 $0 $0
2023 $9,579 $1,005,367 $0 $0
2022 $9,069 $951,900 $430,500 $521,400
2021 $9,024 $942,900 $0 $0
2020 $8,937 $933,900 $0 $0
2019 $8,851 $924,900 $479,500 $445,400
2018 $8,330 $883,567 $0 $0
2017 $3,687 $389,333 $0 $0
2016 -- $348,000 $0 $0
2015 $2,176 $332,200 $0 $0
2014 $2,176 $316,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamie Caine

    Seller's Agent in 2015

    Jamie Caine

    Coldwell Banker Realty

    (410) 726-0725

    7 in this area

    230 Total Sales

    Jamie Caine
    Section Image
  • Ginnie Malone

    Buyer's Agent in 2015

    Ginnie Malone

    Coldwell Banker Realty

    (410) 251-6188

    1 in this area

    141 Total Sales

    Ginnie Malone
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000862458

Bright MLS

APN: 10-373204

Maryland Worcester County Berlin 21811 West Ocean City

12544 Ocean Reef Dr, Berlin, MD

Not Listed for Sale

Lots

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