NOT LISTED FOR SALE

1522 Shad Row Ocean City, MD 21842

Estimated Value: $768,000 - $928,000

5 Beds
3 Baths
2,003 Sq Ft
$433/Sq Ft Est. Value

Last Sold May 24, 2017

Last sale price $420,000 $210 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,021/month

Highlights

  • 1 Boat Dock
  • Home fronts navigable water
  • Canal View
  • Ocean City Elementary School Rated A
  • Water Access
  • Cape Cod Architecture

About This Home

As of May 2017

1522 Shad Row - WATERFRONT NEW LISTING Waterfront home off 15th St in Ocean City. Deep Water Dock. 89' of Waterfront Footage. Open Lagoon and Canal Views. Easy Access to The Open Bay. 5 BR/3BA Cottage Style Home with Walls of Windows to Enjoy the Expansive Water Views. Walk to Beach and Boardwalk. Walk to Restaurants, Shopping, Entertainment. Adjacent Waterfront Lot also Available for Sale MLS #509180.

Last Agent to Sell the Property

Maryellen Rosenblit

(410) 430-9522 maryellen.rosenblit@cbmove.com Coldwell Banker Realty Listed on: 03/16/2017

Coldwell Banker Realty

Last Buyer's Agent

Joel Feldman

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

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,837

Year Built

  • Built in 1960

Lot Details

  • 4,417 Sq Ft Lot
  • Home fronts navigable water
  • Cul-De-Sac
  • Cleared Lot
  • Zoning described as R1

Parking

  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,003 Sq Ft Home
  • Property has 2 Levels
  • Wood Burning Stove
  • Window Treatments
  • Window Screens
  • Canal Views
  • Crawl Space
  • Storage In Attic
  • Storm Doors
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near a canal
  • Bulkhead
  • 1 Boat Dock
  • Dock Against Bulkhead
  • Storage Shed

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 041155

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,837

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod, Contemporary
  • Ownership: Fee Simple
  • Exclusions: Furnishings and Personal Items. Refrigerator.
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Federal Flood Zone: Yes
  • Year Built: 1960
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Oven/Range - Electric, Washer/Dryer Stacked
  • Interior Amenities: Entry Level Bedroom, Window Treatments, Stove - Wood
  • Window Features: Screens
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2003
  • Living Area Sq Ft: 2003
  • Price Per Sq Ft: 239.64
  • Above Grade Finished Sq Ft: 2003
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame, Vinyl Siding, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Asphalt
  • View: Canal, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Wood
  • Heating Type: Heat Pump(s), Wood Burn Stove
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • 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

  • Lot Features: Bulkheaded, Cleared, Cul-De-Sac
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4417.00
  • Zoning Description: R1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5400514
  • Assessor Parcel Number: 041155
  • Tax Lot: 17
  • 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 16, 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
$480,000
Sold Price
$420,000
Premium/Discount to List
-$60,000
-12.5%
Current Estimated Value
$866,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,382
Avg. Annual Appreciation
8.96%
Original Mortgage
$1,050,000
Outstanding Balance
$871,523
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
-$5,141

Purchase Details

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

Purchase Details

Closed on
Jun 30, 1998
Sold by
H B Mellott Estate Inc
Bought by
Mellott Forrest R
Source: Public Records

Range of Values:

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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 $238,000 --
Mellott Forrest R $178,000 --
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 $420,000 -12.5% $210 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $480,000 -- $240 / 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 $5,837 $538,067 $0 $0
2024 $5,822 $502,733 $0 $0
2023 $5,713 $467,400 $300,300 $167,100
2022 $5,579 $439,567 $0 $0
2021 $5,478 $411,733 $0 $0
2020 $5,349 $383,900 $300,300 $83,600
2019 $5,305 $375,633 $0 $0
2018 $5,174 $367,367 $0 $0
2017 $5,073 $359,100 $0 $0
2016 -- $359,100 $0 $0
2015 $5,364 $359,100 $0 $0
2014 $5,364 $361,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001851178

Bright MLS

APN: 10-041155