NOT LISTED FOR SALE

31 King Richard Rd Ocean Pines, MD 21811

Estimated Value: $523,000 - $707,000

4 Beds
3 Baths
2,175 Sq Ft
$266/Sq Ft Est. Value

Last Sold June 29, 2021

Last sale price $415,000 $191 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,451/month

Highlights

  • Marina
  • Boat Ramp
  • Water Access
  • Showell Elementary School Rated A-
  • Home fronts navigable water
  • Private Beach Club

About This Home

As of June 2021

New Construction Energy efficient 4-bedroom 3 full bath home on an oversized lot located in the popular resort community of Ocean Pines. Scheduled to start construction in early February with a completion date of late May. Home features poured Solid Concrete Foundation, 9 Foot Ceilings, High Efficiency HVAC System, architectural shingles. Spacious 1st floor master bedroom with custom 7-foot Tile Shower. Additional features are a large kitchen with granite counters, stainless steel appliances, 42 inch sold wood cabinets, Pergo waterproof flooring, tiled bathrooms, covered front entrance porch, 2 car attached storage, deck, double hung energy efficient windows and doors, washer/dryer and bonus area. Conveniently located within minutes of Ocean City, shopping, restaurants, and medical facilities. Voted the safest place to live in Maryland the community offers an abundance of amenities such as multiple pools, a private beach club, Golf Course, multiple marinas to name a few. Please call listing agent for more details.

Last Agent to Sell the Property

Carol Proctor

(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288 Listed on: 01/19/2021

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Jennifer Smith

(410) 320-6735 jennifer.i.smith@kw.com Keller Williams Realty License #667574

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,871

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.25 Acre Lot
  • Home fronts navigable water
  • Corner Lot
  • Sprinkler System
  • Back and Front Yard
  • Property is in excellent condition
  • Property is zoned R-2

HOA Fees

  • $82 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Block Foundation
  • Frame Construction
  • Blown-In Insulation
  • Batts Insulation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home
  • Tile

Interior Spaces

  • 2,175 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Double Hung Windows
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Six Panel Doors
  • Family Room Off Kitchen
  • Dining Area
  • Efficiency Studio

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows

Outdoor Features

  • Water Access
  • Property near a bay
  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 511
  • Assessor Parcel Number 03-110133

Community Details

Overview

  • Association fees include common area maintenance, road maintenance
  • Ocean Pines Association, Phone Number (410) 641-7717
  • Ocean Pines Sherwood Forest Subdivision

Amenities

  • Common Area

Recreation

  • Boat Ramp
  • Marina
  • Private Beach Club
  • Tennis Courts
  • Community Playground
  • Community Indoor Pool
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,871

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$82 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: Yes
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2021
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: New Construction Energy efficient 4-bedroom 3 full bath home on an oversized lot located in the popular resort community of Ocean Pines. Scheduled to start construction in early February with a completion date of late May. Home features poured Solid Concrete Foundation, 9 Foot Ceilings, High Efficiency HVAC System, architectural shingles. Spacious 1st floor master bedroom with custom 7-foot Tile Shower. Additional features are a large kitchen with granite counters, stainless steel appliances, 42 inch sold wood cabinets, Pergo waterproof flooring, tiled bathrooms, covered front entrance porch, 2 car attached storage, deck, double hung energy efficient windows and doors, washer/dryer and bonus area. Conveniently located within minutes of Ocean City, shopping, restaurants, and medical facilities. Voted the safest place to live in Maryland the community offers an abundance of amenities such as multiple pools, a private beach club, Golf Course, multiple marinas to name a few. Please call listing agent for more details.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Exhaust Fan, Icemaker, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Laminated
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Dining Area, Efficiency, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Pantry, Recessed Lighting, Sprinkler System, Stall Shower, Tub Shower, Walk-In Closet(s), Upgraded Countertops
  • Window Features: Double Hung, Energy Efficient, Insulated, Screens
  • Fireplace: No
  • Door Features: Six Panel, Sliding Glass, Insulated
  • Wall Ceiling Types: Dry Wall, High
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2175
  • Living Area Sq Ft: 2175
  • Price Per Sq Ft: 190.80
  • Above Grade Finished Sq Ft: 2175
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Batts Insulation, Blown-In Insulation, Frame, Stick Built, Vinyl Siding, Tile
  • Construction Completed: No
  • Exterior Features: Exterior Lighting
  • Roof: Architectural Shingle
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Zoned
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Water Available, Sewer Available, Electric Available
  • Water Source: Public
  • Internet Services: Cable, Satellite, Other

Condo/Co-op/Association

  • HOA Fees: 984.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach Club, Bike Trail, Boat Ramp, Common Grounds, Marina/Marina Club, Pool - Outdoor, Pool - Indoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Road Maintenance
  • HOA Name: OCEAN PINES ASSOCIATION
  • HOA Phone: 410-641-7717
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: SHOWELL
  • 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
  • School District Source: Listing Agent
  • Elementary School: SHOWELL
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No
  • R Factor Ext Walls: 30

Lot Info

  • Horses: No
  • Land Use Code: 011
  • Lot Features: Corner, Front Yard, Rear Yard
  • Lot Size Acres: 0.25
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11044.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5387544
  • Tax Annual Amount: 2871.00
  • Assessor Parcel Number: 03-110133
  • Tax Lot: 511
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/29/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2021
Closed on
Jun 29, 2021
Sold by
31 King Richard Rd Llc
Bought by
Rathel William C
Seller's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Jennifer Smith
Keller Williams Realty
List Price
$415,000
Sold Price
$415,000
Current Estimated Value
$577,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,640
Avg. Annual Appreciation
7.94%
Original Mortgage
$358,923
Outstanding Balance
$325,667
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$251,973

Purchase Details

Listed on
Aug 24, 2020
Closed on
Oct 16, 2020
Sold by
Chao Ray and The Mary C Tan Revocable Livin
Bought by
31 King Richard Rd Llc
Seller's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$65,000
Sold Price
$57,500
Premium/Discount to List
-$7,500
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1583.67%
Original Mortgage
$200,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 9, 2011
Sold by
Tan Chen Pang
Bought by
Mary C Tan Revocable Trust

Purchase Details

Closed on
Apr 6, 2011
Sold by
Tan Chen Pang and Tan Mary Chao
Bought by
Tan Mar C
Source: Public Records

Range of Values:

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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
Rathel William C $415,000 None Available
31 King Richard Rd Llc $57,500 None Available
Mary C Tan Revocable Trust -- --
Tan Mar C -- None Available
Mary C Tan Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rathel William C $358,923
Previous Owner 31 King Richard Rd Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2021 06/29/21 Sold $415,000 0.0% $191 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $415,000 +621.7% $191 / Sq Ft
10/16/2020 10/16/20 Sold $57,500 -11.5% -- View Prior Sale
08/25/2020 08/25/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $65,000 -- --
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 $4,079 $442,000 $0 $0
2024 $3,826 $401,600 $89,900 $311,700
2023 $3,569 $372,967 $0 $0
2022 $3,281 $344,333 $0 $0
2021 $512 $53,500 $53,500 $0
2020 $1,669 $51,833 $0 $0
2019 $480 $50,167 $0 $0
2018 $457 $48,500 $48,500 $0
2017 $396 $45,167 $0 $0
2016 -- $41,833 $0 $0
2015 $624 $38,500 $0 $0
2014 $624 $38,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carol Proctor

    Seller's Agent in 2021

    Carol Proctor

    BHHS PenFed (actual)

    (443) 567-0650

    86 in this area

    547 Total Sales

    Carol Proctor
    Section Image
  • Jennifer Smith

    Buyer's Agent in 2021

    Jennifer Smith

    Keller Williams Realty

    (410) 320-6735

    8 in this area

    65 Total Sales

    Jennifer Smith
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO119602

Bright MLS

APN: 03-110133

Maryland Worcester County Ocean Pines 21811

31 King Richard Rd, Ocean Pines, MD

This home is located at 31 King Richard Rd, Ocean Pines, MD 21811 since 19 January 2021 and is currently estimated at $577,640, approximately $265 per square foot. This property was built in 2021. 31 King Richard Rd is a home located in Worcester County with nearby schools including Showell Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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