NOT LISTED FOR SALE

12907 Lake Ave Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $509,000 - $741,000

3 Beds
3 Baths
2,716 Sq Ft
$222/Sq Ft Est. Value

About This Home

This home is located at 12907 Lake Ave, Ocean City, MD 21842 and is currently estimated at $602,876, approximately $221 per square foot. 12907 Lake Ave 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 28, 2022
Sold by
Burke Jay P
Bought by
Tcheremissine Valeri
Current Estimated Value
$602,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$324,168
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$286,102

Purchase Details

Closed on
Jun 23, 2009
Sold by
Bank O America Na
Bought by
Burke Jay P and Burke Michelle H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,900
Interest Rate
4.82%
Mortgage Type
VA

Purchase Details

Closed on
Jan 22, 2009
Sold by
Beverly Shank
Bought by
Bank O America Na

Purchase Details

Closed on
Mar 13, 2008
Sold by
Beverly Shank
Bought by
Bank O America Na

Purchase Details

Closed on
Apr 19, 2001
Sold by
Sheppard Daniel R
Bought by
Shank Beverly
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
Tcheremissine Valeri $425,000 Ayres Jenkins Gprdy & Almand P
Burke Jay P $270,000 --
Bank O America Na $415,312 --
Bank O America Na $415,312 --
Shank Beverly $157,500 --
Shank Beverly $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tcheremissine Valeri $340,000
Previous Owner Burke Jay $195,000
Previous Owner Burke Jay $205,000
Previous Owner Burke Jay P $220,000
Previous Owner Finley Thomas Lee $51,750
Previous Owner Burke Jay P $278,900
Previous Owner Shank Beverly $417,000
Previous Owner Shank Beverly $295,000
Previous Owner Shank Beverly $30,000
Closed Burke Jay P --
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 $3,165 $356,700 $115,500 $241,200
2024 $3,165 $332,233 $0 $0
2023 $2,932 $307,767 $0 $0
2022 $2,699 $283,300 $135,500 $147,800
2021 $2,686 $280,700 $0 $0
2020 $1,878 $278,100 $0 $0
2019 $2,637 $275,500 $135,500 $140,000
2018 $2,548 $272,300 $0 $0
2017 $2,518 $269,100 $0 $0
2016 -- $265,900 $0 $0
2015 -- $265,900 $0 $0
2014 $2,219 $265,900 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842 West Ocean City

12907 Lake Ave, Ocean City, MD

This home is located at 12907 Lake Ave, Ocean City, MD 21842 and is currently estimated at $602,876, approximately $221 per square foot. 12907 Lake Ave 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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