NOT LISTED FOR SALE

13040 Riggin Ridge Rd Ocean City, MD 21842

West Ocean City Neighborhood

Estimated Value: $883,000 - $1,107,487

2 Beds
3 Baths
3,003 Sq Ft
$329/Sq Ft Est. Value

Last Sold April 09, 2015

Last sale price $750,000 $250 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,410/month

218 Days on Market

About This Home

As of April 2015

: Rare Find... This charming direct bay front home boasts incredible views of the OC skyline.Extra large 2+ acre lot.Home is in great condition and offers a large walk in attic and plenty of closet space. Located in the desirable West Ocean City area.Close to many great restaurants, golf courses, marinas,and the West OC Outlets. Only 5 mins to the white sandy beaches of OC and famous Boardwalk.

Last Agent to Sell the Property

Jerry Milko

Holiday Real Estate Listed on: 07/29/2014

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,161

Year Built

1964

Lot Details

0

Listing Details

  • Zoning Code: R-2
  • Blocks To Ocean: 0
  • Non Power Boats Permitted: 0
  • Power Boats Permitted: 0
  • Election District: 10
  • Lis Media List: Virtual Tour, Photo
  • Property Type: Residential
  • Public Record Key: 10213369747
  • Story List: Main
  • System Locale: MRIS
  • Status: Closed
  • Number of Levels Including basement: 1
  • View/Accessibility: Water Access, Water Front, Water View
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1964

Interior Features

  • Has Attic: Yes
  • Dining Kitchen: Gourmet
  • Fireplaces: 2
  • Main Floor: 2 Beds, 2.5 Baths
  • Total Bedrooms: 2
  • Total Full Baths: 2
  • Total Half Baths: 1

Exterior Features

  • Exterior: Brick
  • Docks: 0
  • Dock Slip Conveyance: Deeded
  • Mean Low Water: 3+
  • Mean Low Water Feet: 3
  • Navigable Water: Yes
  • Number Of Slips: 0
  • Physical Dock Slip Conveys: Yes
  • Property Against Water: Yes
  • Water Access: Yes
  • Water Frontage: 100
  • Water View: Yes
  • Type of Body of Water: Bay
  • Body Of Water: ASSAWOMAN BAY

Garage/Parking

  • Parking: Off-Street/Driveway

Utilities

  • Cooling Fuel: Electric
  • Cooling: Heat Pump(s), Ceiling Fan(s), Central Air Conditioning
  • Heating Fuel: Electric
  • Heating: Baseboard, Heat Pump(s)
  • Hot Water: Electric
  • Sewer Septic: Public Sewer
  • Water: Public

Schools

  • High School: Stephen Decatur

Lot Info

  • Lot Description: Cleared, Tidal Wetland, Water Access, Water Front
  • Location Type: Bay
  • Lot Number: 9-ETC
  • Lot Size Area: 91040
  • Listing Parcel Number: 397

Tax Info

  • Assessment Year: 2014
  • Total Taxes Payment Freq: Annually
  • County Tax Payment Freq: Annually

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2014
Closed on
Apr 8, 2015
Sold by
Mumford Owen J and Mumford Marsha E
Bought by
Chute Troy L and Chute Grace E
Seller's Agent
Jerry Milko
Holiday Real Estate
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$989,900
Sold Price
$750,000
Premium/Discount to List
-$239,900
-24.23%
Current Estimated Value
$1,082,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,216
Avg. Annual Appreciation
2.69%
Original Mortgage
$675,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2014
Sold by
Mumford Owen Jeffrey and Quillin Sandra M
Bought by
Mumford Owen Jeffrey and Mumford Marsha E
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
Chute Troy L $750,000 Acquest Title Services Inc
Mumford Owen Jeffrey -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chute Troy L $510,000
Closed Chute Troy L $675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2015 04/09/15 Sold $750,000 -16.7% $250 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
10/06/2014 10/06/14 Price Changed $899,999 -9.1% $300 / Sq Ft
07/29/2014 07/29/14 For Sale $989,900 -- $330 / 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 $6,161 $837,300 $421,800 $415,500
2024 $6,161 $758,067 $0 $0
2023 $5,931 $678,833 $0 $0
2022 $5,713 $599,600 $421,800 $177,800
2021 $5,738 $599,600 $421,800 $177,800
2020 $5,738 $599,600 $421,800 $177,800
2019 $6,496 $678,800 $495,800 $183,000
2018 $6,349 $674,233 $0 $0
2017 $6,342 $669,667 $0 $0
2016 $6,298 $665,100 $0 $0
2015 $4,152 $665,100 $0 $0
2014 $4,152 $665,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jerry Milko

    Seller's Agent in 2015

    Jerry Milko

    Holiday Real Estate

    (410) 289-8888

    Section Image

  • d

    Buyer's Agent in 2015

    datacorrect BrightMLS

    Non Subscribing Office

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Map

Source: Bright MLS

MLS Number: WO8417297

Bright MLS

APN: 10-023262

Maryland Worcester County Ocean City 21842 West Ocean City

13040 Riggin Ridge Rd, Ocean City, MD

This home is located at 13040 Riggin Ridge Rd, Ocean City, MD 21842 since 29 July 2014 and is currently estimated at $987,872, approximately $328 per square foot. This property was built in 1964. 13040 Riggin Ridge Rd 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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