NOT LISTED FOR SALE

Estimated Value: $530,819

0.17 Acres
$3,122,465 Price per Acre
7,500 Sq Ft Lot

Sale Details

Date Sold: March 8, 2019

Last sale price $275,000

Est. 93% increase in value since last sale

Current estimated payment $3,240 / mo

692 Days on Market

About This Lot

As of March 2019

Imagine your castle here with these spectacular views of the bay and the inlet all around. No HOA, Large viable building envelope, build up to 4 stories high, build that in law or assistant apartment, or ancillary apartment for extra income, easy beach access, easy marina access. Property has 2 existing EDU's.

Last Agent to Sell the Property

Joni Martin

(410) 749-1818 joni@era.com ERA Martin Associates License #005714 Listed on: 02/22/2017

Last Buyer's Agent

Shawn Kotwica

(443) 856-2211 shawn.kotwica@cbmove.com Coldwell Banker Realty License #rs-0024305

Coldwell Banker Realty
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,580

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50 x150
  • Cleared Lot
  • Property is zoned R5, R5

Schools

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

Utilities

  • On Site Septic
  • Public Hookup Available For Sewer

Additional Features

  • Bay Views
  • Flood Risk

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 016282

Property Details

Property Type

Land

Est. Annual Taxes

$1,580

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Multi Residential, Residential
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 43.33

Exterior Features

  • Construction Completed: No
  • View: Bay, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: On Site Septic, Public Hook/Up Avail
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50 x150
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Possible Use: Residential
  • Zoning: R5
  • Zoning Description: R5
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5398574
  • Tax Annual Amount: 1580.00
  • Assessor Parcel Number: 016282
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2017
Closed on
Mar 8, 2019
Sold by
Bought by
Seller's Agent
Joni Martin
ERA Martin Associates
Buyer's Agent
Shawn Kotwica
Coldwell Banker Realty
List Price
$325,000
Sold Price
$275,000
Premium/Discount to List
-$50,000
-15.38%
Current Estimated Value
$530,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,819
Avg. Annual Appreciation
9.20%

Purchase Details

Closed on
Sep 9, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$275,000 Title Resource Guaranty Co
$300,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $400,000
Previous Owner $800,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/08/2019 03/08/19 Sold $275,000 -15.4% --
01/16/2019 01/16/19 Pending -- -- --
10/30/2018 10/30/18 For Sale $325,000 0.0% --
09/19/2018 09/19/18 Price Changed $325,000 -7.1% --
08/28/2018 08/28/18 Price Changed $350,000 -6.7% --
08/02/2018 08/02/18 Price Changed $375,000 -16.6% --
02/08/2018 02/08/18 Price Changed $449,900 +18.7% --
11/18/2017 11/18/17 Price Changed $379,000 +11.8% --
02/22/2017 02/22/17 For Sale $339,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,932 $426,000 $426,000 $0
2025 $3,932 $426,000 $426,000 $0
2024 $3,718 $390,233 $0 $0
2023 $3,377 $354,467 $0 $0
2022 $3,036 $318,700 $318,700 $0
2021 $3,050 $318,700 $318,700 $0
2020 $3,050 $318,700 $318,700 $0
2019 $3,050 $318,700 $318,700 $0
2018 $2,664 $282,533 $0 $0
2017 $1,991 $246,367 $0 $0
2016 -- $210,200 $0 $0
2015 $1,149 $177,200 $0 $0
2014 $1,149 $144,200 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1001562900

Bright MLS

APN: 10-016282

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