Seller's Agent in 2014
Michael Grimes
Montego Bay Realty
(410) 251-6821
29 in this area
31 Total Sales
305 Nautical Ln Ocean City, MD 21842
Estimated Value: $823,470 - $1,057,000
0.14
Acre
$6,668,700
Price per Acre
6,257
Sq Ft Lot
Highlights
- Bay View
- Community Pool
- Tennis Courts
- Ocean City Elementary School Rated A
About This Lot
As of May 2014This residential building lot is located in the Montego Bay community in N. Ocean City. The lot is one of the largest (6257 sq. ft.) lots located in the community affording an oversize home to be built. Great views of the bay could be had from the 2nd floor of a 1.5-story home. The lot is zoned for mobile, modular & stick-built (custom built) construction-up to 1.5 stories. The Montego Bay community features 2 adult pools, 1 kiddie pool, 2 tennis courts, 2 shuffleboard 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 path around it & a 5 acre open park. Additional amenities include city streets & sidewalks, city water & sewer & city trash collection. The homeowners association fee is just $199/yr.
Last Agent to Sell the Property
(410) 251-6821 montegomike@verizon.net Montego Bay Realty License #90378 Listed on: 03/08/2014
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,052
Lot Details
- 6,257 Sq Ft Lot
- Cleared Lot
- Property is zoned MH-1
HOA Fees
- $17 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
- Municipal Trash
Additional Features
- Bay Views
- Flood Risk
Listing and Financial Details
- Tax Lot 198
- Assessor Parcel Number 188903
Community Details
Recreation
- Tennis Courts
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 11, 2019
Sold by
Betkey Vernon F and Betkey Deborah A
Bought by
Betkey Vernon F and Betkey Deborah A
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
$246,500
Outstanding Balance
$217,325
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$716,293
Purchase Details
Closed on
Jun 14, 2010
Sold by
Holdren Larry E
Bought by
Torsella Frank A and Torsella Ruth A
Purchase Details
Closed on
Oct 6, 2003
Sold by
Jarek M Aloysius M and Jarek Patricia
Bought by
Holdren Larry E and Holdren Donna K
Purchase Details
Closed on
Nov 18, 1998
Sold by
Coffin Keith A and Coffin Cheryl Lynn
Bought by
Jarek M Aloysius M and Jarek Patricia
Purchase Details
Closed on
Jun 9, 1998
Sold by
Whalen Thomas E and Whalen Virginia Lee
Bought by
Coffin Keith A and Coffin Cheryl Lynn
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 |
|---|---|---|---|
| Betkey Vernon F | -- | Home Title Co Of Md Inc | |
| Torsella Frank A | $175,000 | -- | |
| Holdren Larry E | $124,000 | -- | |
| Jarek M Aloysius M | $56,500 | -- | |
| Coffin Keith A | $52,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Betkey Vernon F | $246,500 | |
| Closed | Coffin Keith A | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/23/2014 05/23/14 | Sold | $136,000 | -2.9% | -- |
| 04/28/2014 04/28/14 | Pending | -- | -- | -- |
| 03/08/2014 03/08/14 | For Sale | $140,000 | -- | -- |
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 | $6,052 | $631,433 | $0 | $0 |
| 2024 | $6,020 | $544,667 | $0 | $0 |
| 2023 | $5,913 | $457,900 | $110,000 | $347,900 |
| 2022 | $5,770 | $442,667 | $0 | $0 |
| 2021 | $5,678 | $427,433 | $0 | $0 |
| 2020 | $5,558 | $412,200 | $110,000 | $302,200 |
| 2019 | $5,479 | $397,967 | $0 | $0 |
| 2018 | $5,217 | $383,733 | $0 | $0 |
| 2017 | $5,220 | $369,500 | $0 | $0 |
| 2016 | -- | $110,000 | $0 | $0 |
| 2015 | -- | $110,000 | $0 | $0 |
| 2014 | $1,920 | $120,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Grimes
Map
Source: Bright MLS
MLS Number: 1001203878
APN: 10-188903
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