NOT LISTED FOR SALE

1520 Shad Row Ocean City, MD 21842

Estimated Value: $394,000 - $697,000

0.12 Acre
$4,512,125 Price per Acre
5,000 Sq Ft Lot

Last Sold May 24, 2017

Last sale price $280,000

Est. 93% increase in value since last sale

Current estimated payment $3,174/month

Highlights

  • 89 Feet of Waterfront
  • 1 Boat Dock
  • No HOA
  • Ocean City Elementary School Rated A
  • Canal View
  • Cul-De-Sac

About This Lot

As of May 2017

1520 Shad Row - WATERFRONT NEW LOT LISTING. Waterfront lot off 15th St in Ocean City. Deep Water Dock. Easy Access to The Open Bay. Build your dream home here. 96' of Waterfront Footage. Expansive Canal and Lagoon Views. Walk to Beach and Boardwalk. Walk to Restaurants, Shopping, Entertainment. Adjacent 1522 Shad Row Waterfront Home also available for sale MLS# 509119.

Last Agent to Sell the Property

Maryellen Rosenblit

(410) 430-9522 maryellen.rosenblit@cbmove.com Coldwell Banker Realty Listed on: 03/19/2017

Coldwell Banker Realty

Last Buyer's Agent

Joel Feldman

(941) 979-0271 joelfrealtor@gmail.com Martz and Associates Real Estate LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,068

Lot Details

  • 5,000 Sq Ft Lot
  • 89 Feet of Waterfront
  • Home fronts navigable water
  • Cul-De-Sac
  • Cleared Lot
  • Zoning described as R1

Schools

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

Utilities

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

Additional Features

  • Canal Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 040922

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Access
  • Property is near a canal
  • Bulkhead
  • 1 Boat Dock

Property Details

Property Type

Land

Est. Annual Taxes

$4,068

Lot Details

0

Listing Details

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

Interior Features

  • Price Per Sq Ft: 70.00

Exterior Features

  • Construction Completed: No
  • View: Canal, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 89

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
  • Municipal Trash: Yes

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

  • Lot Features: Bulkheaded, Cleared, Cul-De-Sac
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Possible Use: Residential
  • Zoning Description: R1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5400494
  • Assessor Parcel Number: 040922
  • Tax Lot: 18
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2017
Closed on
May 24, 2017
Sold by
Randall Terry L and Gordon Dan T
Bought by
Knopp Thomas A and Knopp Michele H
Seller's Agent
Maryellen Rosenblit
Coldwell Banker Realty
Buyer's Agent
Joel Feldman
Martz and Associates Real Estate LLC
List Price
$350,000
Sold Price
$280,000
Premium/Discount to List
-$70,000
-20%
Current Estimated Value
$541,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,455
Avg. Annual Appreciation
8.14%
Original Mortgage
$1,050,000
Outstanding Balance
$871,523
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
-$330,068

Purchase Details

Closed on
Jun 20, 2001
Sold by
Randall Terry L
Bought by
Gordon Jennifer J

Purchase Details

Closed on
Feb 6, 1995
Sold by
Berner David and Berner Irene N
Bought by
Mellott Forrest A
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
Knopp Thomas A $700,000 Ocean Investments Title Corp
Gordon Jennifer J -- --
Randall Terry L $135,000 --
Mellott Forrest A $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knopp Thomas A $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2017 05/24/17 Sold $280,000 -20.0% --
04/13/2017 04/13/17 Pending -- -- --
03/19/2017 03/19/17 For Sale $350,000 -- --
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 $4,068 $297,900 $0 $0
2024 $4,154 $297,700 $0 $0
2023 $4,181 $297,500 $296,000 $1,500
2022 $4,181 $297,467 $0 $0
2021 $4,203 $297,433 $0 $0
2020 $4,202 $297,400 $296,000 $1,400
2019 $4,124 $289,900 $0 $0
2018 $3,977 $282,400 $0 $0
2017 $3,883 $274,900 $0 $0
2016 -- $274,900 $0 $0
2015 $4,164 $274,900 $0 $0
2014 $4,164 $278,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maryellen Rosenblit

    Seller's Agent in 2017

    Maryellen Rosenblit

    Coldwell Banker Realty

    (410) 430-9522

    36 in this area

    46 Total Sales

    Maryellen Rosenblit
    Section Image
  • Joel Feldman

    Buyer's Agent in 2017

    Joel Feldman

    Martz and Associates Real Estate LLC

    (941) 979-0271

    16 in this area

    51 Total Sales

    Joel Feldman
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001849586

Bright MLS

APN: 10-040922

Maryland Worcester County Ocean City 21842

1520 Shad Row, Ocean City, MD

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