NOT LISTED FOR SALE

34 Alton Point Ocean Pines, MD 21811

Estimated Value: $840,000 - $1,415,264

0.29 Acre
$3,813,159 Price per Acre
12,632 Sq Ft Lot

Last Sold April 18, 2014

Last sale price $360,000

Est. 207% increase in value since last sale

Current estimated payment $6,549/month

Highlights

  • 1 Boat Dock
  • Pier
  • Bay View
  • Showell Elementary School Rated A-
  • Home fronts navigable water
  • 1 Powered Boats Permitted

About This Lot

As of April 2014

WOW! What a view! Enjoy watching the sun rise over the bay and Ocean City skyline. Almost a third of an acre to build your dream home located in Tern's Landing. Shared pier with separate boat slip to accommodate up to a 25' boat. Come and take a look for yourself, there are only a few direct bay front lots left with this kind of view. You don't want to miss this opportunity at this great price

Last Agent to Sell the Property

Bill Hunt

(410) 723-3600 huntthebeach@aol.com RE/MAX Advantage Realty License #MRIS:3004115 Listed on: 02/09/2014

RE/MAX Advantage Realty

Last Buyer's Agent

Rob Fraser

rfraser@cbmove.com Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,373

Lot Details

  • 0.29 Acre Lot
  • Home fronts navigable water
  • Southeast Facing Home
  • The property's topography is level
  • Property is zoned R-3

HOA Fees

  • $78 Monthly HOA Fees

Property Views

  • Bay Views

Utilities

  • Public Hookup Available For Sewer
  • Lateral or Tap On-Site

Listing and Financial Details

  • Tax Lot 119
  • Assessor Parcel Number 2403130533

Community Details

Recreation

  • Pier
  • Water Access
  • Physical Dock Slip Conveys
  • 1 Boat Dock
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted

Property Details

Property Type

Land

Est. Annual Taxes

$3,373

Lot Details

0

HOA Fees

$78 per month

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 31.37

Exterior Features

  • Dock Type: Pier (Perpendicular)
  • View: Water, Bay
  • Water Access: Yes
  • Water Body Name: ASSAWOMAN BAY
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap On Site, Public Hook/Up Avail
  • Water Source: Public, Public Hook-Up Available

Condo/Co-op/Association

  • HOA Fees: 933.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes

Lot Info

  • Improvement Assessed Value: 5600.00
  • Lot Size Acres: 0.29
  • Lot Size Area: 12746
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12746.00
  • Possible Use: Residential
  • Topography: Level
  • Year Assessed: 2012
  • Zoning: R-3

Rental Info

  • Vacation Rental: No

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 3

Tax Info

  • Assessor Parcel Number: 5389206
  • Tax Annual Amount: 3372.77
  • Assessor Parcel Number: 2403130533
  • Tax Lot: 119
  • Tax Year: 2012
  • Close Date: 04/18/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2014
Closed on
Apr 18, 2014
Sold by
Newquist Eric A and Newquist Dawn A
Bought by
Niazi Tariq and Niazi Melinda
Seller's Agent
Bill Hunt
RE/MAX Advantage Realty
Buyer's Agent
Rob Fraser
Coldwell Banker Realty
List Price
$399,900
Sold Price
$360,000
Premium/Discount to List
-$39,900
-9.98%
Current Estimated Value
$1,105,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,816
Avg. Annual Appreciation
10.26%
Original Mortgage
$800,000
Interest Rate
4.36%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 16, 2003
Sold by
Jenkins Shelley M
Bought by
Newquist Eric A and Newquist Dawn A

Purchase Details

Closed on
Jan 24, 2002
Sold by
Solgar Co Inc
Bought by
Jenkins Shelley M
Source: Public Records

Range of Values:

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Average Value
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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
Niazi Tariq $360,000 Swan Title Corporation
Newquist Eric A $305,000 --
Jenkins Shelley M $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Niazi Tariq $800,000
Closed Jenkins Shelley M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2014 04/18/14 Sold $360,000 -10.0% --
02/24/2014 02/24/14 Pending -- -- --
02/09/2014 02/09/14 For Sale $399,900 -- --
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 $7,293 $887,467 $0 $0
2024 $7,293 $765,400 $371,300 $394,100
2023 $7,262 $762,233 $0 $0
2022 $7,232 $759,067 $0 $0
2021 $7,234 $755,900 $371,300 $384,600
2020 $7,234 $755,900 $371,300 $384,600
2019 $7,234 $755,900 $371,300 $384,600
2018 $7,690 $815,600 $371,300 $444,300
2017 $7,202 $760,467 $0 $0
2016 -- $705,333 $0 $0
2015 $3,078 $234,800 $0 $0
2014 $3,078 $234,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001802786

Bright MLS

APN: 03-130533