NOT LISTED FOR SALE

307 Ocean Pkwy Ocean Pines, MD 21811

Estimated Value: $181,598 - $230,000

0.21 Acre
$1,005,476 Price per Acre
9,210 Sq Ft Lot

Last Sold May 09, 2020

Last sale price $116,000

Est. 82% increase in value since last sale

Current estimated payment $1,344/month

400 Days on Market

Highlights

  • 60 Feet of Waterfront
  • Marina
  • Golf Club
  • Showell Elementary School Rated A-
  • Boat Ramp
  • Access to Tidal Water

About This Lot

As of May 2020

NEW PRICE! Wonderful Wooded Waterfront lot that is ready to build on now or hold for future plans. Close to pools and parks. Easy access to river, bay and ocean with no bridges. Owner financing available with credit approval. Call listing agent for details. Survey on file.

Last Agent to Sell the Property

Marlene Ott

(443) 430-5743 marlene@marleneott.com Berkshire Hathaway HomeServices PenFed Realty - OP License #16892 Listed on: 01/28/2019

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Michael Ross

(301) 751-7741 84michaelross@comcast.net Newport Bay Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,411

Lot Details

  • 9,210 Sq Ft Lot
  • Lot Dimensions are 60x153
  • 60 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • Partially Wooded Lot
  • Property is zoned R-3

HOA Fees

  • $118 Monthly HOA Fees

Schools

  • Showell Elementary School
  • Berlin Middle School
  • Stephen Decatur High School

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Canal Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 03-067556

Community Details

Overview

  • Association fees include common area maintenance, pool(s), recreation facility, road maintenance
  • $25 Other One-Time Fees
  • Ocean Pines Association, Phone Number (410) 641-7717
  • Ocean Pines Newport Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Meeting Room
  • Recreation Room

Recreation

  • Boat Ramp
  • Boat Dock
  • Pier or Dock
  • Marina
  • Beach
  • Golf Club
  • Golf Course Community
  • Golf Course Membership Available
  • Private Beach Club
  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Volleyball Courts
  • Racquetball
  • Community Playground
  • Community Indoor Pool
  • Putting Green
  • Recreational Area
  • Jogging Path
  • Bike Trail
  • Access to Tidal Water
  • Water Access
  • Property is near a canal
  • Bulkhead
  • Lake Privileges

Security

  • Security Service

Property Details

Property Type

Land

Est. Annual Taxes

$1,411

Lot Details

0

HOA Fees

$118 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: Yes
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 14.93

Exterior Features

  • Construction Completed: No
  • View: Canal
  • Water Access: Yes
  • Water Body Name: Canal
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 60

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1416.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Beach, Beach Club, Bike Trail, Boat Dock/Slip, Boat Ramp, Club House, Common Grounds, Golf Course, Golf Club, Golf Course Membership Available, Jog/Walk Path, Lake, Marina/Marina Club, Meeting Room, Non-Lake Recreational Area, Picnic Area, Pier/Dock, Pool - Indoor, Pool - Outdoor, Putting Green, Racquet Ball, Recreational Center, Security, Swimming Pool, Tennis Courts, Tot Lots/Playground, Volleyball Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility, Road Maintenance
  • HOA Name: OCEAN PINES ASSOCIATION
  • HOA Phone: 410-641-7717
  • HOA: Yes

Fee Information

  • Other Fees: 25.00
  • Other Fees Frequency: One Time

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: SHOWELL
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN

Lot Info

  • Additional Parcels: No
  • Lot Features: Bulkheaded, Partly Wooded
  • Lot Size Acres: 0.21
  • Lot Dimensions: 60x153
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9210.00
  • Zoning: R-3
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5383698
  • Tax Annual Amount: 1411.00
  • Assessor Parcel Number: 03-067556
  • Tax Lot: 38
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2019
Closed on
May 9, 2020
Sold by
Kerin Realty P A
Bought by
Brewer Robert M and Brewer Diana L
Seller's Agent
Marlene Ott
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Michael Ross
Newport Bay Realty
List Price
$139,900
Sold Price
$116,000
Premium/Discount to List
-$23,900
-17.08%
Current Estimated Value
$211,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,150
Avg. Annual Appreciation
11.27%

Purchase Details

Closed on
Oct 7, 1981
Sold by
Love Kenneth Gerald
Bought by
Star Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,995
Interest Rate
18.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brewer Robert M $116,000 Ocean Investments Title Corp
Star Realty Inc $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Star Realty Inc $9,995
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2020 05/09/20 Sold $116,000 -15.6% --
03/03/2020 03/03/20 Pending -- -- --
01/14/2020 01/14/20 Price Changed $137,500 -1.7% --
01/28/2019 01/28/19 For Sale $139,900 -- --
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 $1,378 $149,300 $149,300 $0
2024 $1,423 $149,300 $149,300 $0
2023 $1,419 $148,967 $0 $0
2022 $1,416 $148,633 $0 $0
2021 $1,419 $148,300 $148,300 $0
2020 $1,411 $147,400 $0 $0
2019 $1,396 $146,500 $0 $0
2018 $1,373 $145,600 $145,600 $0
2017 $1,350 $144,100 $0 $0
2016 -- $142,600 $0 $0
2015 $1,443 $141,100 $0 $0
2014 $1,443 $141,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO102968

Bright MLS

APN: 03-067556