Seller's Agent in 2024
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 497-4746
46 in this area
186 Total Sales
206 Ocean Pkwy Berlin, MD 21811
Estimated Value: $125,000 - $325,000
0.22
Acre
$940,327
Price per Acre
9,696
Sq Ft Lot
About This Lot
As of June 2024This Vacant lot located in the coastal community of Ocean Pines, Maryland, presents a unique opportunity for building a dream home. This extra-wide lot stands out for its high and dry terrain, offering an ideal foundation for construction. Its proximity to essential amenities enhances its appeal—situated close to a boat ramp, multiple pools, and a golf course, it offers convenient access to recreational activities. This lot is one of the few remaining parcels available in Ocean Pines, making it a rare find in a sought-after location, perfect for those looking to enjoy the serene coastal lifestyle.
Last Agent to Sell the Property
(443) 497-4746 opsales@comcast.net Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0014171 Listed on: 05/09/2024
Last Buyer's Agent
(410) 726-4984 mary.rice@evrealestate.com Engel & Völkers Ocean City License #RS-0036409
Property Details
Property Type
- Land
Est. Annual Taxes
- $605
Lot Details
- 9,696 Sq Ft Lot
- Property is zoned R-2
HOA Fees
- $72 Monthly HOA Fees
Listing and Financial Details
- Tax Lot 493
- Assessor Parcel Number 2403075192
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 2, 2022
Sold by
Ocean Pines Independent Living Llc
Bought by
Brar Property Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Outstanding Balance
$3,491,973
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$3,285,101
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brar Property Llc | $4,500,000 | Sage Title | |
| Brar Property Llc | $4,500,000 | Sage Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brar Property Llc | $3,600,000 | |
| Closed | Brar Property Llc | $3,600,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2024 06/05/24 | Sold | $105,000 | +6.1% | -- |
| 05/12/2024 05/12/24 | Pending | -- | -- | -- |
| 05/09/2024 05/09/24 | For Sale | $99,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,130 | $122,400 | $61,200 | $61,200 |
| 2024 | $1,166 | $122,400 | $61,200 | $61,200 |
| 2023 | $1,166 | $122,400 | $61,200 | $61,200 |
| 2022 | $1,166 | $122,400 | $61,200 | $61,200 |
| 2021 | $1,171 | $122,400 | $61,200 | $61,200 |
| 2020 | $1,166 | $122,400 | $61,200 | $61,200 |
| 2019 | $478 | $122,400 | $61,200 | $61,200 |
| 2018 | $1,154 | $122,400 | $61,200 | $61,200 |
| 2017 | $1,159 | $122,400 | $0 | $0 |
| 2016 | $1,194 | $122,400 | $0 | $0 |
| 2015 | $1,209 | $124,200 | $0 | $0 |
| 2014 | $1,209 | $124,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Balcerzak
-
Mary Rice
Buyer's Agent in 2024
Mary Rice
Engel & Völkers Ocean City
(410) 726-4984
32 in this area
126 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2020864
APN: 03-169405
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