NOT LISTED FOR SALE

233 S Ocean Dr Ocean City, MD 21842

Estimated Value: $793,000 - $1,216,000

0.1 Acre
$10,437,820 Price per Acre
4,356 Sq Ft Lot

Last Sold September 11, 2015

Last sale price $315,000 $222 Per Sq Ft

Est. 237% increase in value since last sale

Current estimated payment $6,543/month

24 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Bay View
  • Tennis Courts
  • Ocean City Elementary School Rated A
  • Community Pool

About This Lot

As of September 2015

Million Dollar views for one-third the price! This pure bayfront lot, located in the sought after community of Montego Bay in North Ocean City, features southern exposure and magnificent views of the bay and the Ocean City skyline. The lot has a newer vinyl bulkhead, is cleared and ready for your dream home to be built on. The community amenities include 2 adult pools, 1 kiddie pool, 2 tennis courts, 2 suffleboard courts, a 9-hole miniature golf course, a bayfront boardwalk with 3 fishing piers, an 8-acre wildlife sanctuary with a 1/2 mile paved walking/jogging path and a 5-acre open park. In addition there are city streets & sidewalks, city water & sewer and city trash collection. The homeowners association dues are just $190 a year.

Last Agent to Sell the Property

Bill Rothstein

Montego Bay Realty License #636931 Listed on: 06/18/2015

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,820

Lot Details

  • 4,356 Sq Ft Lot
  • 40 Feet of Waterfront
  • Home fronts navigable water
  • Cleared Lot
  • Zoning described as TR

HOA Fees

  • $16 Monthly HOA Fees

Schools

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

Utilities

  • Water Service Lateral Not Installed
  • Lateral or Tap Off Main

Additional Features

  • Bay Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 1605B
  • Assessor Parcel Number 190495

Community Details

Overview

  • Montego Bay Subdivision

Recreation

  • Tennis Courts
  • Community Pool
  • Water Access
  • Property near a bay
  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$8,820

Lot Details

0

HOA Fees

$16 per month

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
  • Remarks Public: Million Dollar views for one-third the price! This pure bayfront lot, located in the sought after community of Montego Bay in North Ocean City, features southern exposure and magnificent views of the bay and the Ocean City skyline. The lot has a newer vinyl bulkhead, is cleared and ready for your dream home to be built on. The community amenities include 2 adult pools, 1 kiddie pool, 2 tennis courts, 2 suffleboard courts, a 9-hole miniature golf course, a bayfront boardwalk with 3 fishing piers, an 8-acre wildlife sanctuary with a 1/2 mile paved walking/jogging path and a 5-acre open park. In addition there are city streets & sidewalks, city water & sewer and city trash collection. The homeowners association dues are just $190 a year.
  • Special Features: None

Interior Features

  • Street Number Modifier: 233

Exterior Features

  • Construction Completed: No
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Water Frontage Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 40

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 190.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • 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: Bulkheaded, Cleared
  • Lot Size Acres: 0.10
  • Possible Use: Residential
  • Zoning Description: TR
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5412903
  • Assessor Parcel Number: 190495
  • Tax Lot: 1605B
  • County Tax Payment Frequency: Annually
  • Close Date: 09/11/2015

Multi Family

  • Federal Flood Zone: A

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2021
Sold by
Difonzo Leslie Jean and Difonzo Michael
Bought by
Difonzo Leslie Jean and Difonzo Michael
Current Estimated Value
$1,063,010

Purchase Details

Closed on
Aug 19, 2020
Sold by
Difonzo Leslie Jean and Difonzo Michael
Bought by
Difonzo Leslie Jean and Difonzo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$531,207
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$512,575

Purchase Details

Closed on
Apr 12, 2019
Sold by
Difonzo Leslie Jean and Difonzo Michael J
Bought by
Difonzo Leslie Jean and Difonzo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 24, 2018
Sold by
Jones David C and Rollins Jones Sylvia L
Bought by
Difonzo Michael J and Difonzo Leslie J

Purchase Details

Listed on
Jun 18, 2015
Closed on
Sep 11, 2015
Sold by
Bison Real Estate Llc
Bought by
Jones David C and Rollins Jones Sylvia L
Seller's Agent
Bill Rothstein
Montego Bay Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$330,000
Sold Price
$315,000
Premium/Discount to List
-$15,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.82%

Purchase Details

Closed on
Jul 9, 2010
Sold by
Edwards Nils F
Bought by
Bison Real Estate Llc
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 Buyer Sale Price Title Company
Difonzo Leslie Jean -- None Available
Difonzo Leslie Jean -- Pinnacle Title & Escrow Inc
Difonzo Leslie Jean -- None Available
Difonzo Michael J $400,001 None Available
Jones David C $315,000 None Available
Bison Real Estate Llc $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Difonzo Leslie Jean $600,000
Closed Difonzo Leslie J $600,000
Previous Owner Edwards Nils F $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2015 09/28/15 Pending -- -- --
09/11/2015 09/11/15 Sold $315,000 -4.5% $222 / Sq Ft
06/19/2015 06/19/15 For Sale $330,000 -- $233 / 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 $8,820 $711,533 $0 $0
2024 $8,820 $632,067 $0 $0
2023 $7,766 $552,600 $243,900 $308,700
2022 $7,602 $540,933 $0 $0
2021 $7,479 $529,267 $0 $0
2020 $3,459 $517,600 $243,900 $273,700
2019 $3,470 $243,900 $243,900 $0
2018 $3,435 $243,900 $243,900 $0
2017 $3,612 $263,500 $0 $0
2016 -- $254,400 $0 $0
2015 $4,216 $283,800 $0 $0
2014 $4,216 $269,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000862566

Bright MLS

APN: 10-190495