NOT LISTED FOR SALE

1574 Teal Dr Ocean City, MD 21842

Estimated Value: $1,739,000 - $2,701,795

4 Beds
5 Baths
4,397 Sq Ft
$508/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $1,400,000 $318 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $13,281/month

Highlights

  • Primary bedroom faces the bay
  • 2 Dock Slips
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Bay View

About This Home

As of August 2018

Impressive unobstructed Direct Bayfront Views from this 4397 Sq. Ft One level 4 bedroom 3 Full Bath 2 half Bath 2 Car Garage Home situated on two Lots. Direct access to the Bay or Ocean including Dock with multiple slips and lifts. Fantastic Location considering Property is located on Mallard Island just a short stroll to the Ocean and Boardwalk and just a few minutes from the Inlet/Ocean by boat. The Exterior has a multi level slate and brick waterfront terrace and roof top Sun Deck that enjoys 180 degree Spectacular Sunset Views over the Bay. Interior features include Vaulted and Tray Ceilings, 3 fireplaces, Hardwood, Marble and handcrafted Tile Floors throughout. Main Kitchen has a secondary gallery prep kitchen. Bright Sunroom. Office/Den. This Home Truly Delivers a Coastal Lifestyle.

Last Agent to Sell the Property

Jay Phillips

(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate Listed on: 02/07/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,252

Year Built

  • Built in 1960

Lot Details

  • 0.35 Acre Lot
  • Home fronts navigable water
  • Southwest Facing Home
  • Extensive Hardscape
  • Cleared Lot
  • Property is zoned R1, R1

Parking

  • 1 Car Attached Garage
  • Front Facing Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • 4,397 Sq Ft Home
  • Property has 1 Level
  • Crown Molding
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Window Screens
  • Bay Views
  • Crawl Space
  • Storage In Attic

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary bedroom faces the bay
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property near a bay
  • Bulkhead
  • Electric Hoist or Boat Lift
  • Physical Dock Slip Conveys
  • 2 Dock Slips
  • Balcony
  • Deck
  • Patio

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Mallard Island Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 10-040302

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,252

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
  • Interior Amenities: Entry Level Bedroom, Primary Bedroom - Bay Front, Ceiling Fan(s), Crown Moldings, Walk-In Closet(s)
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 4397
  • Living Area Sq Ft: 4397
  • Price Per Sq Ft: 354.79
  • Above Grade Finished Sq Ft: 4397
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Brick, Cedar, Stick Built
  • Construction Completed: No
  • Exterior Features: Extensive Hardscape
  • Roof: Architectural Shingle
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Water Frontage Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Built In
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: 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
  • Lot Size Acres: 0.35
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15100.00
  • Outdoor Living Structures: Balcony, Deck(s), Patio(s)
  • Zoning: R1
  • Zoning Description: R1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5400446
  • Tax Annual Amount: 14252.00
  • Assessor Parcel Number: 10-040302
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Aug 24, 2018
Sold by
Wolpe Robert N and Wolpe Mary Ellen
Bought by
Naffis David and Naffis Aubrey Donna
Seller's Agent
Jay Phillips
Holiday Real Estate
List Price
$1,760,000
Sold Price
$1,400,000
Premium/Discount to List
-$360,000
-20.45%
Current Estimated Value
$2,231,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$831,949
Avg. Annual Appreciation
6.72%
Original Mortgage
$1,190,000
Outstanding Balance
$1,033,467
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,198,482

Purchase Details

Closed on
Aug 22, 2012
Sold by
Wolpe Robert N and Wolpe Marcy Ellen
Bought by
Wolpe Robert N and Wolpe Marcy Ellen
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
Naffis David $1,400,000 None Available
Wolpe Robert N -- Camden Title & Settlement Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Naffis David $1,190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2018 08/29/18 Sold $1,400,000 -10.3% $318 / Sq Ft
06/29/2018 06/29/18 Pending -- -- --
05/30/2018 05/30/18 Price Changed $1,560,000 -11.4% $355 / Sq Ft
02/07/2018 02/07/18 For Sale $1,760,000 -- $400 / 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 $19,188 $1,405,200 $0 $0
2024 $18,434 $1,321,100 $0 $0
2023 $17,437 $1,237,000 $753,600 $483,400
2022 $17,073 $1,214,833 $0 $0
2021 $16,854 $1,192,667 $0 $0
2020 $15,838 $1,170,500 $753,600 $416,900
2019 $15,885 $1,116,633 $0 $0
2018 $14,968 $1,062,767 $0 $0
2017 $14,311 $1,008,900 $0 $0
2016 -- $1,008,000 $0 $0
2015 $15,075 $1,007,100 $0 $0
2014 $15,075 $1,006,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jay Phillips

    Seller's Agent in 2018

    Jay Phillips

    Holiday Real Estate

    (410) 726-8631

    26 in this area

    148 Total Sales

    Jay Phillips
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Map

Source: Bright MLS

MLS Number: 1001561272

Bright MLS

APN: 10-040302

Maryland Worcester County Ocean City 21842

1574 Teal Dr, Ocean City, MD

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