NOT LISTED FOR SALE

12905 Lake Place Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $366,515 - $561,000

2 Beds
1 Bath
1,622 Sq Ft
$282/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $250,000 $154 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,640/month

6 Days on Market

Highlights

  • Guest House
  • Wood Burning Stove
  • No HOA
  • Ocean City Elementary School Rated A
  • 1 Fireplace
  • Cottage

About This Home

As of September 2018

A cozy beach cottage with 2 car garage and a one bedroom/one bath apartment! Enjoy the coastal lifestyle in your quaint pad at the shore while renting out the back apartment or utilize it for out of town guest, in home business, or an in law suite. Home exterior has been recently painted, new central air unit, new carpet and fireplace, detached apartment has updated kitchen and bath. Quaint screened in porch with fenced in yard. West Ocean City offers shopping, marina, restaurants, and easy access to OC Beaches or Assateague.

Last Agent to Sell the Property

Ann Buxbaum

Northrop Realty Listed on: 09/02/2018

Northrop Realty

Last Buyer's Agent

Nanette Pavier

Holiday Real Estate License #520351

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,513

Year Built

  • Built in 1962

Lot Details

  • 6,500 Sq Ft Lot
  • Guest house with living room, eat in kitchen, full bath, bedroom
  • Property is in good condition
  • Property is zoned R-2

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Driveway

Home Design

  • Cottage
  • Asphalt Roof
  • Asbestos

Interior Spaces

  • 1,622 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Window Treatments
  • Crawl Space

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Heating System
  • 120/240V
  • Private Water Source
  • Cable TV Available

Additional Features

  • Guest House
  • Flood Risk

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 570
  • Assessor Parcel Number 10-024706

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,513

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1962
  • Remarks Public: A cozy beach cottage with 2 car garage and a one bedroom/one bath apartment! Enjoy the coastal lifestyle in your quaint pad at the shore while renting out the back apartment or utilize it for out of town guest, in home business, or an in law suite. Home exterior has been recently painted, new central air unit, new carpet and fireplace, detached apartment has updated kitchen and bath. Quaint screened in porch with fenced in yard. West Ocean City offers shopping, marina, restaurants, and easy access to OC Beaches or Assateague.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Stove - Wood, Window Treatments, Ceiling Fan(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1622
  • Living Area Sq Ft: 1622
  • Price Per Sq Ft: 165.84
  • Above Grade Finished Sq Ft: 1622
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12905

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s), Guest House
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Oil, Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Sewer Available, Natural Gas Available
  • Water Source: Private/Community Water

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Horses: No
  • Additional Parcels: Yes
  • Additional Parcels Description: guest house with living room, eat in kitchen, full bath, bedroom
  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6500.00
  • Property Condition: Good
  • Year Assessed: 2017
  • Zoning: R-2
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 5000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5399175
  • Tax Annual Amount: 1513.00
  • Assessor Parcel Number: 10-024706
  • Tax Lot: 570
  • Tax Total Finished Sq Ft: 1622
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/21/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
Series I Of Balsamo Real Estate Llc
Bought by
611 Holdings Ii Llc
Current Estimated Value
$457,629

Purchase Details

Listed on
Sep 2, 2018
Closed on
Sep 21, 2018
Sold by
Schoenfelder Julie G and Beach Julie Gresham
Bought by
611 Holdings Llc
Seller's Agent
Ann Buxbaum
Northrop Realty
Buyer's Agent
Nanette Pavier
Holiday Real Estate
List Price
$269,000
Sold Price
$250,000
Premium/Discount to List
-$19,000
-7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Source: Public Records

Range of Values:

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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
611 Holdings Ii Llc $155,000 None Listed On Document
611 Holdings Llc $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schoenfelder Julie Gresham $228,400
Previous Owner Beach Julie Gresham $246,037
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $250,000 -7.1% $154 / Sq Ft
09/08/2018 09/08/18 Pending -- -- --
09/02/2018 09/02/18 For Sale $269,000 -- $166 / Sq Ft
Source: Bright MLS

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 $1,993 $225,300 $89,700 $135,600
2024 $1,993 $209,167 $0 $0
2023 $1,839 $193,033 $0 $0
2022 $1,685 $176,900 $109,700 $67,200
2021 $1,638 $171,200 $0 $0
2020 $1,584 $165,500 $0 $0
2019 $1,529 $159,800 $109,700 $50,100
2018 $1,507 $159,800 $109,700 $50,100
2017 $1,514 $159,800 $0 $0
2016 -- $159,900 $0 $0
2015 $1,325 $160,000 $0 $0
2014 $1,325 $160,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ann Buxbaum

    Seller's Agent in 2018

    Ann Buxbaum

    Creig Northrop Team of Long & Foster

    (443) 235-0878

    7 in this area

    153 Total Sales

    Ann Buxbaum
    Section Image
  • Nanette Pavier

    Buyer's Agent in 2018

    Nanette Pavier

    Holiday Real Estate

    (443) 235-3498

    9 in this area

    64 Total Sales

    Nanette Pavier
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002358386

Bright MLS

APN: 10-024706

Maryland Worcester County Ocean City 21842 West Ocean City

12905 Lake Place, Ocean City, MD

This home is located at 12905 Lake Place, Ocean City, MD 21842 since 02 September 2018 and is currently estimated at $457,629, approximately $282 per square foot. This property was built in 1962. 12905 Lake Place 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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