NOT LISTED FOR SALE

308 Oyster Ln Ocean City, MD 21842

Estimated Value: $992,000 - $1,230,000

2 Beds
2 Baths
868 Sq Ft
$1,268/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2015

Last sale price $227,000 $262 Per Sq Ft

Est. 385% increase in value since last sale

Current estimated payment $6,621 / mo

373 Days on Market

About This Home

As of September 2015

Water front with Boat tie up * 2BR 2 Bath with new laminate flooring located in the much sought after Montego Bay Community featuring 2 community pools, tennis, crabbing and fishing pier, shuffle board, mini golf all for $191/year association fees. No ground rent... you own the mobile and the ground. This property has excellent rental history and repeat guests travel to this property each year.

Last Agent to Sell the Property

Grace Masten

(410) 250-4433 grace@northbeachrealtors.com Sea Grace of North Beach, Realtors License #MRIS:3003224 Listed on: 07/08/2014

Last Buyer's Agent

Grace Masten

(410) 250-4433 grace@northbeachrealtors.com Sea Grace of North Beach, Realtors License #MRIS:3003224 Listed on: 07/08/2014

Property Details

Home Type

Mobile/Manufactured

Year Built

1976

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Zoning Code: TR
  • Blocks To Ocean: 0
  • Building Floors: 1
  • Cross Street: 131ST
  • Federal Flood Ins: Yes
  • Federal Flood Zone: YES
  • Non Power Boats Permitted: 1
  • Power Boats Permitted: 1
  • Public Road: Yes
  • Section: 5B
  • Election District: 10
  • Incorporated City Name: OCEAN CITY
  • Lis Media List: Virtual Tour, Photo
  • Property Type: Residential
  • Public Record Key: 10213750051
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • System Locale: MRIS
  • Types of Use: Sail, Fishing Allowed, Canoe/Kayak, Boat - Powered
  • Status: Closed
  • Number of Levels Including basement: 1
  • View/Accessibility: Water Front
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1
  • Year Built: 1976

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Electric Oven/Range, Refrigerator, Washer
  • Dining Kitchen: Living-Dining Room Combo
  • Main Floor: 2 Beds, 2 Baths
  • Windows/Doors: Screens, Insulated Window(s)
  • Total Bedrooms: 2
  • Total Full Baths: 2

Exterior Features

  • Exterior: Siding - Vinyl
  • Exterior Features: Deck, Tiered Deck, Screened Porch, Private Pier
  • Dock Features: Private Pier
  • Docks: 1
  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water: 3+
  • Mean Low Water Feet: 3
  • Navigable Water: Yes
  • Number Of Slips: 1
  • Physical Dock Slip Conveys: Yes
  • Property Against Water: Yes
  • Construction Materials: Advanced Framing
  • Water Frontage: 1
  • Waterfront Features and Improvements: Private Dock Site
  • Type of Body of Water: Canal
  • Body Of Water: ASSAWOMAN BAY
  • Dock Type: Single Slip

Garage/Parking

  • Parking: Off-Street/Driveway

Utilities

  • Cooling Fuel: Electric
  • Cooling: Ceiling Fan(s), Central Air Conditioning
  • Heating Fuel: Bottled Gas/Propane
  • Heating: Central
  • Hot Water: Electric
  • Sewer Septic: Public Sewer
  • Water: Public

Condo/Co-op/Association

  • HOA Fees: 190
  • HOA Fee Frequency: Annually
  • Total Units: 1
  • Community: MONTEGO BAY

Lot Info

  • Lot Number: 1445B
  • Lot Size Area: 3600
  • Listing Parcel Number: 8020A

Rental Info

  • Furnished: Yes

Tax Info

  • Assessment Year: 2014
  • Total Taxes Payment Freq: Annually
  • County Tax Payment Freq: Annually

Multi Family

  • Unit Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2025
Sold by
Worley Stephen M
Bought by
Collins Francis Joseph and Collins Anne
Current Estimated Value
$1,100,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,750
Outstanding Balance
$455,977
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$644,937

Purchase Details

Closed on
Jun 22, 2017
Sold by
Midkiff Raleigh F and Midkiff Jodi L
Bought by
Worley Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 8, 2014
Closed on
Sep 18, 2015
Sold by
Odell James M
Bought by
Midkiff Raleigh F and Midkiff Jodi L
Seller's Agent
Grace Masten
Sea Grace of North Beach, Realtors
Buyer's Agent
Grace Masten
Sea Grace of North Beach, Realtors
List Price
$255,000
Sold Price
$227,000
Premium/Discount to List
-$28,000
-10.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.18%
Original Mortgage
$181,600
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2014
Sold by
Denit Paige and Dell James M O
Bought by
Dell James M O and Paige C Denit Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Collins Francis Joseph $1,150,000 None Listed On Document
Collins Francis Joseph $1,150,000 None Listed On Document
Worley Stephen M $250,000 None Available
Midkiff Raleigh F $227,000 None Available
Dell James M O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Francis Joseph $456,750
Closed Collins Francis Joseph $456,750
Previous Owner Worley Stephen M $20,000
Previous Owner Midkiff Raleigh F $181,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2015 09/18/15 Sold $227,000 -11.0% $262 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
07/08/2014 07/08/14 For Sale $255,000 -- $294 / Sq Ft
Source: Bright MLS

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 $8,305 $608,167 $0 $0
2024 $7,379 $528,833 $0 $0
2023 $6,317 $449,500 $232,000 $217,500
2022 $6,118 $435,300 $0 $0
2021 $5,951 $421,100 $0 $0
2020 $5,749 $406,900 $232,000 $174,900
2019 $3,320 $233,400 $232,000 $1,400
2018 $3,465 $246,000 $232,000 $14,000
2017 $4,152 $293,900 $0 $0
2016 -- $289,000 $0 $0
2015 $4,066 $284,100 $0 $0
2014 $4,066 $279,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Grace Masten

    Sea Grace of North Beach, Realtors

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Map

Source: Bright MLS

MLS Number: WO8398505

Bright MLS

APN: 10-190096

Maryland Worcester County Ocean City 21842

308 Oyster Ln, Ocean City, MD

Not Listed for Sale

Mobile Manufactured

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