NOT LISTED FOR SALE

40 Island Edge Dr Unit LUT-M Ocean City, MD 21842

Estimated Value: $772,860 - $845,000

4 Beds
5 Baths
2,216 Sq Ft
$371/Sq Ft Est. Value

About This Home

This home is located at 40 Island Edge Dr Unit LUT-M, Ocean City, MD 21842 and is currently estimated at $821,465, approximately $370 per square foot. 40 Island Edge Dr Unit LUT-M is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2019
Sold by
Gibbs William Henry and Gibbs Susan
Bought by
Chalmers William K and Chalmers Gwen G
Current Estimated Value
$821,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,200
Outstanding Balance
$364,426
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$457,039

Purchase Details

Closed on
May 15, 2009
Sold by
Gregory Barba
Bought by
Henry Gibbs William and Gibbs Susan

Purchase Details

Closed on
Feb 10, 2005
Sold by
Nvr Inc
Bought by
Stevens Barba and Stevens Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,300
Interest Rate
5.68%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 30, 2004
Sold by
Nvr Inc
Bought by
Stevens Barba and Stevens Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,050
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Chalmers William K $519,000 Mid Atlantic T&E Co Inc
Henry Gibbs William $460,000 --
Stevens Barba $611,510 --
Stevens Barba $611,510 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chalmers William K $415,200
Previous Owner Stevens Barba $122,300
Previous Owner Stevens Barba $428,050
Previous Owner Stevens Barba $428,050
Source: Public Records

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 $7,876 $620,567 $0 $0
2024 $7,876 $564,433 $0 $0
2023 $7,144 $508,300 $254,100 $254,200
2022 $7,144 $508,300 $254,100 $254,200
2021 $7,183 $508,300 $254,100 $254,200
2020 $7,432 $526,000 $263,000 $263,000
2019 $7,325 $514,900 $0 $0
2018 $7,096 $503,800 $0 $0
2017 $6,827 $492,700 $0 $0
2016 -- $480,900 $0 $0
2015 $5,621 $469,100 $0 $0
2014 $5,621 $457,300 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842

40 Island Edge Dr Unit LUT-M, Ocean City, MD

This home is located at 40 Island Edge Dr Unit LUT-M, Ocean City, MD 21842 and is currently estimated at $821,465, approximately $370 per square foot. 40 Island Edge Dr Unit LUT-M is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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