NOT LISTED FOR SALE

366 Ocean Pkwy Berlin, MD 21811

Estimated Value: $634,000 - $758,000

3 Beds
3 Baths
1,888 Sq Ft
$375/Sq Ft Est. Value

Last Sold March 23, 2021

Last sale price $447,000 $237 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,214/month

1 Day on Market

Highlights

  • 1 Dock Slip
  • Home fronts navigable water
  • Canal View
  • Showell Elementary School Rated A-
  • Water Access
  • Deck

About This Home

As of March 2021

Luxurious living is guaranteed in this amazing waterfront home. It offers a perfect balance of style, functionality and space with ease of transition between indoor and outdoor living. Since it is all about the water, you will love the 40 foot dock with electric boat lift up to 10,000 pound capacity. This home was configured for outdoor entertaining and includes a 50 foot freshly painted waterfront deck, a screened porch overlooking the water, a sunroom with the water view, a rooftop balcony with sliders from the master bedroom, a storage shed, upgraded LED outdoor lighting and a sunny front porch for rest and relaxation that was also just painted. Space is plentiful inside this 1,888 square foot home with 3 bedrooms, 3 FULL bathrooms, living room, family room and country kitchen with new light fixture. Special features include a whirlpool tub, cedar closet, pellet stove, hardwood floors, six ceiling fans and an attached garage with tons of storage. Residents of this exclusive, amenity rich community called Ocean Pines enjoy indoor and outdoor swimming pools, a beach club in Ocean City, a Robert Trent Jones championship golf course, a new clubhouse, tennis courts, pickleball, a dog park, a yacht club with marina and much more. This home is move in ready and priced to sell. Schedule a tour today. Furniture and furnishings are negotiable as a purchase separate from the home sale. The boat lift has a broken mount.

Last Agent to Sell the Property

Jo Ann Brandt

(302) 300-7187 joann.brandt@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty - OP License #0024635 Listed on: 02/08/2021

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Shelley Walter

(717) 968-1923 shelley.walter@cbhomes.com Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,504

Year Built

  • Built in 1988

Lot Details

  • 9,210 Sq Ft Lot
  • Home fronts navigable water
  • Property is zoned R-3

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage

Home Design

  • Split Level Home
  • Vinyl Siding

Interior Spaces

  • 1,888 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Sun or Florida Room
  • Screened Porch
  • Carpet
  • Canal Views
  • Flood Lights

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Cedar Closet
  • Soaking Tub
  • Bathtub with Shower

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Garage Access
  • Basement Windows

Outdoor Features

  • Water Access
  • Property is near a canal
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Dock Against Bulkhead
  • Balcony
  • Deck
  • Screened Patio
  • Exterior Lighting

Location

  • Flood Risk

Utilities

  • Central Air
  • Back Up Gas Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 554
  • Assessor Parcel Number 03-082997

Community Details

Overview

  • Ocean Pines Association, Inc. HOA
  • Ocean Pines Teal Bay Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,504

Year Built

Built in 1988

Lot Details

0

HOA Fees

$125 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2/12/2021 12:00:00 AM
  • Federal Flood Zone: Yes
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Carpet, Cedar Closet(s), Ceiling Fan(s), Combination Kitchen/Dining, Kitchen - Eat-In, Bathroom - Soaking Tub, Bathroom - Tub Shower, Stove - Wood
  • Fireplace Features: Other
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Bedroom 2, Kitchen, Family Room, Bedroom 1, Sun/Florida Room, Bathroom 3, Screened Porch
  • Basement: Yes
  • Basement Type: Fully Finished, Garage Access, Heated, Improved, Interior Access, Outside Entrance, Walkout Level, Windows
  • Total Sq Ft: 1888
  • Living Area Sq Ft: 1888
  • Price Per Sq Ft: 233.00
  • Above Grade Finished Sq Ft: 1888
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting, Flood Lights
  • View: Canal, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Paved Driveway, Paved Parking
  • Garage Features: Additional Storage Area, Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1501.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: OCEAN PINES ASSOCIATION, INC.
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.21
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9210.00
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Screened
  • Zoning: R-3
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3504.00
  • Assessor Parcel Number: 03-082997
  • Tax Lot: 554
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Mar 23, 2021
Sold by
Marx Kenneth W and Sullivan Marx Eileen
Bought by
Bowen Brent and Bowen Nicole
Seller's Agent
Jo Ann Brandt
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Shelley Walter
Coldwell Banker Realty
List Price
$439,900
Sold Price
$447,000
Premium/Discount to List
$7,100
1.61%
Current Estimated Value
$708,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,045
Avg. Annual Appreciation
10.03%
Original Mortgage
$357,600
Outstanding Balance
$318,938
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$389,107

Purchase Details

Closed on
Sep 13, 2013
Sold by
Grove Linda L and Grove Dick L
Bought by
Marx Kenneth W and Sullivan Marx Eileen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2005
Sold by
Harold Flynn
Bought by
Grove Dick L and Grove Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2004
Sold by
Rosalie Staggs Mary
Bought by
Harold Flynn and Flynn Lucy

Purchase Details

Closed on
Aug 31, 1995
Sold by
Kroll Jerry G
Bought by
Rosalie Staggs Mary
Source: Public Records
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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
Bowen Brent $447,000 Mid Atlantic Stlmt Svcs Llc
Marx Kenneth W $385,000 Real Estate Title & Escrow L
Grove Dick L $525,000 --
Harold Flynn $365,000 --
Rosalie Staggs Mary $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowen Brent $357,600
Previous Owner Marx Kenneth W $308,000
Previous Owner Grove Dick L $420,000
Closed Rosalie Staggs Mary --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2021 03/23/21 Sold $447,000 +1.6% $237 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $439,900 -- $233 / Sq Ft
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 $4,632 $501,867 $0 $0
2024 $4,210 $441,900 $163,300 $278,600
2023 $3,970 $416,633 $0 $0
2022 $3,729 $391,367 $0 $0
2021 $3,504 $366,100 $162,300 $203,800
2020 $3,162 $354,933 $0 $0
2019 $3,069 $343,767 $0 $0
2018 $2,991 $332,600 $159,600 $173,000
2017 $2,762 $315,800 $0 $0
2016 -- $299,000 $0 $0
2015 $2,540 $282,200 $0 $0
2014 $2,540 $282,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO119920

Bright MLS

APN: 03-082997