NOT LISTED FOR SALE

12849 Ocean Gateway Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $3,367,056

-- Bed
-- Bath
11,374 Sq Ft
$296/Sq Ft Est. Value

About This Home

This home is located at 12849 Ocean Gateway, Ocean City, MD 21842 and is currently estimated at $3,367,056, approximately $296 per square foot. 12849 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
Jul 20, 2021
Sold by
G & G Holdings Of O C Llc
Bought by
Oc Eateries Llc
Current Estimated Value
$3,367,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$2,278,174
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,069,711

Purchase Details

Closed on
Feb 12, 2019
Sold by
Baker Judy Elliott and Baker George T
Bought by
G & G Holdings Of O C Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2015
Sold by
Seaside Commerical Unit Number 2 Inc
Bought by
Baker Judy Elliott and Baker George T

Purchase Details

Closed on
May 6, 2010
Sold by
Bluewater Development Corp
Bought by
Elliott Bayside Partnership

Purchase Details

Closed on
Jul 19, 2004
Sold by
Elliott Charles E and Elliott Doris M
Bought by
Bluewater Development Corp
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
Oc Eateries Llc $2,600,000 None Available
G & G Holdings Of O C Llc $2,200,000 None Available
Baker Judy Elliott -- None Available
Elliott Bayside Partnership -- --
Bluewater Development Corp $384,300 --
Bluewater Development Corp $384,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oc Eateries Llc $2,500,000
Previous Owner G & G Holdings Of O C Llc $1,800,000
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 $23,483 $2,616,633 $0 $0
2024 $23,483 $2,464,700 $1,345,000 $1,119,700
2023 $23,575 $2,463,400 $0 $0
2022 $23,458 $2,462,100 $0 $0
2021 $20,763 $2,169,600 $1,345,000 $824,600
2020 $18,392 $1,921,867 $0 $0
2019 $16,021 $1,674,133 $0 $0
2018 $12,968 $1,426,400 $748,700 $677,700
2017 $12,427 $1,369,333 $0 $0
2016 -- $1,312,267 $0 $0
2015 -- $1,255,200 $0 $0
2014 $10,723 $1,255,200 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842 West Ocean City

12849 Ocean Gateway, Ocean City, MD

This home is located at 12849 Ocean Gateway, Ocean City, MD 21842 and is currently estimated at $3,367,056, approximately $296 per square foot. 12849 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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