NOT LISTED FOR SALE

Estimated Value: $192,000 - $615,000

0.18 Acres
$2,077,778 Price per Acre
7,675 Sq Ft Lot

Sale Details

Date Sold: September 14, 2020

Last sale price $120,000

Est. 221% increase in value since last sale

Current estimated payment $2,194 / mo

356 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Home fronts navigable water
  • Showell Elementary School Rated A-
  • Golf Club
  • Access to Tidal Water

About This Lot

As of September 2020

Build your dream home on this Waterfront lot in Ocean Pines. Direct access to open bay with no bridges! Easy access from South Ocean Pines entrance.

Last Agent to Sell the Property

Joel Feldman

(443) 440-5059 joelfrealtor@gmail.com Martz and Associates Real Estate LLC Listed on: 08/21/2019

Co-Listed By

Andrea Thomas

(877) 366-2213 vabrokers@lptrealty.com LPT Realty, LLC License #RS-0018182

Last Buyer's Agent

Beth Miller

(410) 208-3500 oceanpines@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS-0026133

Berkshire Hathaway HomeServices PenFed Realty - OP

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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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $859

Lot Details

  • 7,675 Sq Ft Lot
  • Home fronts navigable water
  • Property is zoned R-3

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 03-092720

Community Details

Overview

  • No Home Owners Association
  • Association fees include recreation facility, road maintenance, snow removal
  • Ocean Pines Nantucket Subdivision
  • Community Lake

Amenities

  • Community Center
  • Community Library

Recreation

  • Boat Ramp
  • Marina
  • Golf Club
  • Private Beach Club
  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Racquetball
  • Pool Membership Available
  • Jogging Path
  • Access to Tidal Water
  • Water Access
  • Property is near a canal

Property Details

Property Type

Land

Est. Annual Taxes

$859

Lot Details

7,675 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only, Vacant
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 16.93

Exterior Features

  • Construction Completed: No
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Tidal Water: Yes
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Beach Club, Boat Ramp, Community Center, Golf Club, Jog/Walk Path, Lake, Library, Marina/Marina Club, Pool Mem Avail, Racquet Ball, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Recreation Facility, Road Maintenance, Snow Removal
  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7675.00
  • Possible Use: Residential
  • 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: 5385971
  • Tax Annual Amount: 859.00
  • Assessor Parcel Number: 03-092720
  • Tax Lot: 47
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Sep 14, 2020
Sold by
Rugel Rafael F and Richmond Rugel Kimberly
Bought by
Seller's Agent
Joel Feldman
Martz and Associates Real Estate LLC
Buyer's Agent
Beth Miller
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$150,000
Sold Price
$120,000
Premium/Discount to List
-$30,000
-20%
Current Estimated Value
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,000
Avg. Annual Appreciation
20.97%

Purchase Details

Listed on
Sep 20, 2017
Closed on
Nov 24, 2017
Sold by
Bennett James N
Bought by
Rugel Rafael F and Richmond Rugel Kimberly A
Seller's Agent
Bill Kelly
Coldwell Banker Realty
Buyer's Agent
Bill Kelly
Coldwell Banker Realty
List Price
$98,999
Sold Price
$90,000
Premium/Discount to List
-$8,999
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%

Purchase Details

Closed on
Jun 11, 1982
Sold by
Wilkinson Samuel W and Wilkinson Elizabeth C
Bought by
Bennett James N and Bennett Dorothy E
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean Pines, MD

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$120,000 Capitol Title Group
Rugel Rafael F $90,000 Ocean Investment Title Corp
Bennett James N $9,300 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $418,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2020 09/14/20 Sold $120,000 -7.6% --
08/11/2020 08/11/20 Pending -- -- --
06/18/2020 06/18/20 Price Changed $129,900 -7.1% --
01/06/2020 01/06/20 Price Changed $139,900 -6.7% --
08/21/2019 08/21/19 For Sale $150,000 +66.7% --
12/09/2017 12/09/17 Sold $90,000 -9.1% -- View Prior Sale
11/08/2017 11/08/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $98,999 0.0% --
09/29/2017 09/29/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $98,999 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $835 $90,500 $90,500 $0
2025 $835 $90,500 $90,500 $0
2024 $862 $90,500 $90,500 $0
2023 $860 $90,267 $0 $0
2022 $858 $90,033 $0 $0
2021 $859 $89,800 $89,800 $0
2020 $859 $89,800 $89,800 $0
2019 $859 $89,800 $89,800 $0
2018 $1,625 $172,300 $172,300 $0
2017 $1,569 $168,967 $0 $0
2016 -- $165,633 $0 $0
2015 $1,637 $162,300 $0 $0
2014 $1,637 $162,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO108564

Bright MLS

APN: 03-092720

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