NOT LISTED FOR SALE

12742 Ocean Gateway Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $1,255,044

-- Bed
-- Bath
2,520 Sq Ft
$498/Sq Ft Est. Value

About This Home

This home is located at 12742 Ocean Gateway, Ocean City, MD 21842 and is currently estimated at $1,255,044, approximately $498 per square foot. 12742 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2023
Sold by
Nick & Alex Llc
Bought by
Bhb Property Llc
Current Estimated Value
$1,255,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Outstanding Balance
$891,443
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$363,601

Purchase Details

Closed on
Aug 20, 2014
Sold by
Geracimos Dean A and Geracimos Pamela R
Bought by
Nick & Alex Llc

Purchase Details

Closed on
Aug 12, 1998
Sold by
Haederer Charles D
Bought by
Geracimos Dean A and Geracimos Pamela R

Purchase Details

Closed on
Nov 15, 1994
Sold by
Thompson John P
Bought by
Haederer Charles D

Purchase Details

Closed on
Dec 20, 1988
Sold by
Southland Corp The
Bought by
Thompson John P
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Bhb Property Llc $1,150,000 --
Nick & Alex Llc -- None Available
Geracimos Dean A $356,000 --
Haederer Charles D -- --
Thompson John P $272,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhb Property Llc $920,000
Source: Public Records

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 $8,223 $939,600 $0 $0
2024 $8,223 $863,100 $636,000 $227,100
2023 $8,223 $863,100 $636,000 $227,100
2022 $8,223 $863,100 $636,000 $227,100
2021 $8,831 $922,800 $704,800 $218,000
2020 $8,105 $846,867 $0 $0
2019 $7,378 $770,933 $0 $0
2018 $6,582 $695,000 $473,200 $221,800
2017 $6,582 $695,000 $0 $0
2016 -- $695,000 $0 $0
2015 -- $704,000 $0 $0
2014 $8,042 $704,000 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842 West Ocean City

12742 Ocean Gateway, Ocean City, MD

This home is located at 12742 Ocean Gateway, Ocean City, MD 21842 and is currently estimated at $1,255,044, approximately $498 per square foot. 12742 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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