NOT LISTED FOR SALE

12972 Inlet Isle Ln Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $2,446,000 - $3,942,037

6 Beds
7 Baths
6,833 Sq Ft
$452/Sq Ft Est. Value

About This Home

This home is located at 12972 Inlet Isle Ln, Ocean City, MD 21842 and is currently estimated at $3,090,346, approximately $452 per square foot. 12972 Inlet Isle Ln 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 22, 2018
Sold by
Lauman Wayne R and Lauman Carolyn C
Bought by
Colello Robert J
Current Estimated Value
$3,090,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,466,250
Outstanding Balance
$1,244,634
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$1,845,712

Purchase Details

Closed on
Dec 29, 2016
Sold by
Lauman Wayne R
Bought by
Lauman Wayne R and Lauman Carolyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 16, 2008
Sold by
Burch Nathan
Bought by
Lauman Wayne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2008
Sold by
Burch Nathan
Bought by
Lauman Wayne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2006
Sold by
Homer'S Hideaway Llc
Bought by
Burch Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,000
Interest Rate
5.93%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 26, 2005
Sold by
Homer'S Hideaway Llc
Bought by
Burch Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.93%
Mortgage Type
Construction
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
Colello Robert J $1,725,000 None Available
Lauman Wayne R -- First Title & Escrow
Lauman Wayne R $1,465,000 --
Lauman Wayne R $1,465,000 --
Burch Nathan $1,100,000 --
Burch Nathan $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colello Robert J $1,466,250
Previous Owner Lauman Wayne R $896,000
Previous Owner Lauman Wayne R $456,983
Previous Owner Lauman Wayne R $1,000,000
Previous Owner Lauman Wayne R $1,000,000
Previous Owner Burch Nathan $955,000
Previous Owner Burch Nathan $1,000,000
Previous Owner Burch Nathan $1,000,000
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 $16,138 $1,791,300 $651,000 $1,140,300
2024 $16,138 $1,693,767 $0 $0
2023 $15,208 $1,596,233 $0 $0
2022 $14,279 $1,498,700 $590,000 $908,700
2021 $13,686 $1,430,133 $0 $0
2020 $13,030 $1,361,567 $0 $0
2019 $12,374 $1,293,000 $400,000 $893,000
2018 $11,792 $1,293,000 $400,000 $893,000
2017 $12,771 $1,365,733 $0 $0
2016 $12,378 $1,307,100 $0 $0
2015 $13,994 $1,307,100 $0 $0
2014 $13,994 $1,307,100 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842 West Ocean City

12972 Inlet Isle Ln, Ocean City, MD

This home is located at 12972 Inlet Isle Ln, Ocean City, MD 21842 and is currently estimated at $3,090,346, approximately $452 per square foot. 12972 Inlet Isle Ln 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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