$108,400
SOLD DEC 8, 2017

146 Nautical Ln Ocean City, MD 21842

0.08 Acre
$1,355,000 Price per Acre
3,600 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

10% Below List Price

230 Days on Market

Highlights

  • Clubhouse
  • Community Pool
  • Tennis Courts
  • Ocean City Elementary School Rated A

About This Lot

As of March 2021

Great opportunity to build your own home in the highly sought after Montego Bay community. This fully ready to build lot will save you $5,000 to $7,000 demolition cost and have you on your way to start building your dream home quickly. Montego bay offers two pools, two tennis courts, 9 hole mini golf, pond and park trails, boardwalk overlooking the assawoman bay and much more.

Last Agent to Sell the Property

Mark Hall

RE/MAX Advantage Realty License #628153 Listed on: 04/07/2017

RE/MAX Advantage Realty

Last Buyer's Agent

Ed Balcerzak

Berkshire Hathaway HomeServices PenFed Realty-WOC

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,932

Lot Details

  • 3,600 Sq Ft Lot
  • Cleared Lot
  • Zoning described as TR

HOA Fees

  • $9 Monthly HOA Fees

Location

  • Flood Risk

Schools

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

Utilities

  • Water Service Lateral Not Installed
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Tax Lot 1010B
  • Assessor Parcel Number 202302

Community Details

Overview

  • Montego Bay HOA
  • Montego Bay Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Property Type

Land

Est. Annual Taxes

$5,932

Lot Details

0

HOA Fees

$9 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: Great opportunity to build your own home in the highly sought after Montego Bay community. This fully ready to build lot will save you $5,000 to $7,000 demolition cost and have you on your way to start building your dream home quickly. Montego bay offers two pools, two tennis courts, 9 hole mini golf, pond and park trails, boardwalk overlooking the assawoman bay and much more.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 32.22
  • Street Number Modifier: 146

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public

Condo/Co-op/Association

  • HOA Fees: 109.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Club House, Pool - Outdoor, Tennis Courts
  • HOA Name: MONTEGO BAY
  • HOA: Yes

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3600.00
  • Possible Use: Residential
  • Zoning Description: TR
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5413976
  • Assessor Parcel Number: 202302
  • Tax Lot: 1010B
  • County Tax Payment Frequency: Annually
  • Close Date: 12/08/2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Mar 29, 2021
Sold by
Cates Brian S and Cates Patricia
Bought by
Napper William Thomas and Mack Torey Lashae
Seller's Agent
Nathalie Mullinix
Nathalie Mullinix Realty Universal, Inc.
Buyer's Agent
Mynor Herrera
Keller Williams Capital Properties
List Price
$519,000
Sold Price
$525,000
Premium/Discount to List
$6,000
1.16%
Current Estimated Value
$768,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,650
Avg. Annual Appreciation
8.61%
Original Mortgage
$472,500
Outstanding Balance
$431,204
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$318,935

Purchase Details

Closed on
Sep 14, 2018
Sold by
Joseph C Fassio
Bought by
Cates Brian S and Cates Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.6%

Purchase Details

Listed on
Apr 29, 2018
Closed on
Jun 15, 2018
Sold by
Fassio Joseph C
Bought by
Cates Brian S and Cates Patricia
Seller's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Darryl Greer
Resort Homes Real Estate Group
List Price
$125,000
Sold Price
$118,000
Premium/Discount to List
-$7,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.85%

Purchase Details

Listed on
Apr 7, 2017
Closed on
Dec 8, 2017
Sold by
Reed David B and Reed Geralyn C
Bought by
Fassio Joseph C
Seller's Agent
Mark Hall
RE/MAX Advantage Realty
Buyer's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$120,000
Sold Price
$108,400
Premium/Discount to List
-$11,600
-9.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.68%

Purchase Details

Listed on
Apr 15, 2014
Closed on
Jun 6, 2014
Sold by
Horn Brian K and Horn Donna L
Bought by
Reed David B and Reed Geralyn C
Seller's Agent
Larry Holdren Sr.
Larry Holdren Real Estate Inc
Buyer's Agent
Mark Hall
RE/MAX Advantage Realty
List Price
$112,000
Sold Price
$105,000
Premium/Discount to List
-$7,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.91%

Purchase Details

Closed on
Jul 24, 2013
Sold by
Warner Evelyn M and Warner Daniel Gregory
Bought by
Horn Brian K and Horn Donna L

Purchase Details

Closed on
Jan 2, 2003
Sold by
Warner Evelyn M
Bought by
Life Warner Evelyn M and Life For
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $525,000 Passport Title Services
Deed $118,000 --
Deed $118,000 Real Estate Title & Escrow
Deed $108,400 Brennan Title Co
Deed $105,000 Brennan Title Company
Deed $95,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $472,500 New Conventional
Previous Owner $300,000 No Value Available
Previous Owner -- No Value Available
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $525,000 +1.2% $275 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $519,000 +339.8% $272 / Sq Ft
06/26/2018 06/26/18 Sold $118,000 -0.8% $91 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
05/15/2018 05/15/18 Price Changed $119,000 -4.8% $92 / Sq Ft
04/29/2018 04/29/18 For Sale $125,000 +15.3% $97 / Sq Ft
12/08/2017 12/08/17 Sold $108,400 -9.7% $84 / Sq Ft
04/14/2017 04/14/17 For Sale $120,000 +14.3% $93 / Sq Ft
06/07/2014 06/07/14 Sold $105,000 -6.3% $81 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $112,000 -- $87 / 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
2024 $5,932 $425,133 $0 $0
2023 $5,002 $355,900 $110,000 $245,900
2022 $4,840 $344,400 $0 $0
2021 $4,704 $332,900 $0 $0
2020 $4,541 $321,400 $110,000 $211,400
2019 $4,572 $321,400 $110,000 $211,400
2018 $1,549 $110,000 $110,000 $0
2017 $1,562 $110,000 $0 $0
2016 $2,085 $110,000 $0 $0
2015 $2,085 $110,000 $0 $0
2014 $2,085 $120,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000863488

Bright MLS

APN: 10-202302