NOT LISTED FOR SALE

12982 Inlet Isle Ln Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $1,616,000 - $4,639,404

0.31 Acre
$10,806,887 Price per Acre
13,504 Sq Ft Lot

Last Sold August 24, 2021

Last sale price $900,000

Est. 272% increase in value since last sale

Current estimated payment $20,565/month

297 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Ocean View
  • Oceanside
  • Ocean City Elementary School Rated A
  • 5 Dock Slips
  • Premium Lot

About This Lot

As of August 2021

Premium waterfront lot located in a much sought after West Ocean City exclusive and private community. Panoramic views of the ocean city inlet, ocean, and marina. Lot conveys with a 42 ft, boat slip located inside a protective basin. Lot 11 is also available for purchase, see mls number MDWO115502. These are the last two building lots available in the community. Lots are side-by-side. Homes in the development are selling for over $3 million, great opportunity for a builder to build a spec home or to build your dream home. Contact listing agent for more information and most accurate details about the property.

Last Agent to Sell the Property

Celeste Dodson

Berkshire Hathaway HomeServices PenFed Realty-WOC License #576050 Listed on: 09/04/2020

Berkshire Hathaway HomeServices PenFed Realty-WOC

Last Buyer's Agent

Celeste Dodson

Berkshire Hathaway HomeServices PenFed Realty-WOC License #576050 Listed on: 09/04/2020

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,264

Lot Details

  • 0.31 Acre Lot
  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Cul-De-Sac
  • Premium Lot
  • Level Lot
  • Cleared Lot
  • 13 Lots in the community
  • LOT 11 is also for sale and can be purchased separately mls number MDWO116502. Lots are side-by-side.
  • Property is zoned R3

HOA Fees

  • $172 Monthly HOA Fees

Property Views

  • Ocean
  • Marina
  • Panoramic

Location

  • Flood Zone Lot
  • Flood Risk

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 10-426456

Community Details

Overview

  • Association fees include pier/dock maintenance
  • Estates At Inlet Isle HOA
  • Estates At Inlet Isle Subdivision

Recreation

  • 13 Community Slips
  • 1 Community Docks
  • Water Access
  • Oceanside
  • Physical Dock Slip Conveys
  • 5 Dock Slips
  • Dock made with Treated Lumber

Property Details

Property Type

Land

Est. Annual Taxes

$5,264

Lot Details

0

HOA Fees

$172 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential, Vacant
  • Exclusions: Boat slip number 10
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: Premium waterfront lot located in a much sought after West Ocean City exclusive and private community. Panoramic views of the ocean city inlet, ocean, and marina. Lot conveys with a 42 ft, boat slip located inside a protective basin. Lot 11 is also available for purchase, see mls number MDWO115502. These are the last two building lots available in the community. Lots are side-by-side. Homes in the development are selling for over $3 million, great opportunity for a builder to build a spec home or to build your dream home. Contact listing agent for more information and most accurate details about the property.
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 66.96
  • Street Number Modifier: 12982

Exterior Features

  • Construction Completed: No
  • View: Marina, Ocean, Panoramic
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2060.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Pier/Dock Maintenance
  • HOA Name: ESTATES AT INLET ISLE
  • HOA: Yes
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: BERLIN INTERMEDIATE SCHOOL
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138066543
  • School District Source: 3rd Party
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Horses: No
  • Additional Parcels: Yes
  • Additional Parcels Description: LOT 11 is also for sale and can be purchased separately mls number MDWO116502. Lots are side-by-side.
  • Land Use Code: 011
  • Lot Count: 13
  • Lot Features: Cleared, Cul-De-Sac, Flood Plain, Level, Premium
  • Lot Size Acres: 0.31
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13440.00
  • Year Assessed: 2020
  • Zoning: R3
  • Zoning Description: Residential
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5431906
  • Tax Annual Amount: 5264.00
  • Assessor Parcel Number: 10-426456
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 08/24/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2023
Sold by
Nadu Joseph G
Bought by
Nadu Joseph G and Le Lien Thi
Current Estimated Value
$3,350,135

Purchase Details

Listed on
Sep 4, 2020
Closed on
Aug 24, 2021
Sold by
Homer S Gideaway Llc
Bought by
Nadu Joseph G
Seller's Agent
Celeste Dodson
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Celeste Dodson
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$900,000
Sold Price
$900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.81%
Source: Public Records

Range of Values:

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Average Value
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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
Nadu Joseph G -- None Listed On Document
Nadu Joseph G $900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nadu Joseph G $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2021 08/24/21 Sold $900,000 0.0% --
06/28/2021 06/28/21 Pending -- -- --
09/04/2020 09/04/20 For Sale $900,000 -- --
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 $25,672 $2,783,400 $898,400 $1,885,000
2024 $25,672 $2,694,400 $0 $0
2023 $24,824 $2,605,400 $0 $0
2022 $5,242 $550,200 $546,500 $3,700
2021 $5,265 $550,167 $0 $0
2020 $5,241 $550,133 $0 $0
2019 $5,241 $550,100 $546,500 $3,600
2018 $4,844 $513,733 $0 $0
2017 $4,176 $477,367 $0 $0
2016 -- $441,000 $0 $0
2015 $4,394 $441,000 $0 $0
2014 $4,394 $441,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Celeste Dodson

    Seller's Agent in 2021

    Celeste Dodson

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 235-3834

    28 in this area

    59 Total Sales

    Celeste Dodson
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Map

Source: Bright MLS

MLS Number: MDWO116466

Bright MLS

APN: 10-426456

Maryland Worcester County Ocean City 21842 West Ocean City

12982 Inlet Isle Ln, Ocean City, MD

This home is located at 12982 Inlet Isle Ln, Ocean City, MD 21842 since 04 September 2020 and is currently estimated at $3,350,135. 12982 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.

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