NOT LISTED FOR SALE

12806 Ocean Gateway Ocean City, MD 21842

West Ocean City Neighborhood
-- Bed
1 Bath
17,973 Sq Ft
14.25 Acres

About This Home

This home is located at 12806 Ocean Gateway, Ocean City, MD 21842. 12806 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
Mar 10, 2020
Sold by
Dickerson James R and Dickerson Annemarie B
Bought by
Fsk Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,400,000
Outstanding Balance
$6,611,451
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2009
Sold by
Francis Scott Key Motel Limited
Bought by
Francis Scott Key Motel Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Fsk Llc $11,710,000 Ocean Investments Title Corp
Francis Scott Key Motel Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fsk Llc $13,400,000
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 $70,503 $7,638,233 $0 $0
2024 $70,503 $7,399,800 $3,699,900 $3,699,900
2023 $70,503 $7,399,800 $3,699,900 $3,699,900
2022 $70,503 $7,399,800 $3,699,900 $3,699,900
2021 $76,235 $7,966,000 $3,983,000 $3,983,000
2020 $68,916 $7,201,267 $0 $0
2019 $61,326 $6,436,533 $0 $0
2018 $51,546 $5,671,800 $2,835,900 $2,835,900
2017 $49,380 $5,443,067 $0 $0
2016 -- $5,214,333 $0 $0
2015 -- $4,985,600 $0 $0
2014 $43,571 $4,985,600 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842 West Ocean City

12806 Ocean Gateway, Ocean City, MD

This home is located at 12806 Ocean Gateway, Ocean City, MD 21842. 12806 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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