Seller's Agent in 2024
Marc Bouloucon
Coldwell Banker Realty
(443) 373-3359
1 in this area
108 Total Sales
40 Lookout Point Berlin, MD 21811
Estimated Value: $603,000 - $734,000
3
Beds
2
Baths
2,240
Sq Ft
$307/Sq Ft
Est. Value
Highlights
- 60 Feet of Waterfront
- Marina
- Access to Tidal Water
- Showell Elementary School Rated A-
- 1 Dock Slip
- Private Beach Club
About This Home
As of June 2024A Waterman's Dream! This 3 bedroom 2 bathroom home located in the Teal Bay section of Ocean Pines is just waiting for you to make it your own and start enjoying the waterways of Coastal Maryland. The back of the home provides decks on both levels with ample sunlight and views out into the expansive canal. Perfect for enjoying the outdoors and entertaining. A short run to the St. Martin River and the Assawoman Bay makes this the ideal location for anyone looking to keep their boat and watercraft and make a run to enjoy Ocean City by water or explore the back bays. This home boasts 2x6 exterior framing and double insulation making the conditioning of the home easy. The 2 car garage provides ample space for storage of your water accessories. The property line extends out into the canal so there is always the option to have a perpendicular pier installed to accommodate all of your water vessels. Ocean Pines offers numerous amenities ranging from an indoor pool, golf, and a marina and restaurant. There will be no shortage of recreational activities for you to enjoy.
Last Agent to Sell the Property
(443) 373-3359 marc@debeachliving.com Coldwell Banker Realty License #RS-0024670 Listed on: 04/18/2024
Last Buyer's Agent
(267) 304-1550 elainedavidson@comcast.net RE/MAX Advantage Realty License #611737
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,934
Year Built
- Built in 1981
Lot Details
- 8,721 Sq Ft Lot
- 60 Feet of Waterfront
- Home fronts navigable water
- Home fronts a canal
- Property is in average condition
- Property is zoned R-3
HOA Fees
- $125 Monthly HOA Fees
Parking
- 2 Car Detached Garage
- 4 Driveway Spaces
- Front Facing Garage
Home Design
- Bungalow
- Block Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 2,240 Sq Ft Home
- Property has 2 Levels
- Traditional Floor Plan
- Ceiling Fan
- Wood Burning Fireplace
- Family Room Off Kitchen
- Canal Views
Kitchen
- Country Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile or Brick
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Electric Dryer
- Washer
Outdoor Features
- Access to Tidal Water
- Canoe or Kayak Water Access
- Property is near a canal
- 1 Dock Slip
- Physical Dock Slip Conveys
- Powered Boats Permitted
- Deck
Location
- Flood Risk
Utilities
- Central Air
- Heat Pump System
- Electric Baseboard Heater
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 107
- Assessor Parcel Number 2403061701
Community Details
Overview
- Ocean Pines Association
- Ocean Pines Teal Bay Subdivision
Amenities
- Community Center
- Recreation Room
Recreation
- Marina
- Golf Course Membership Available
- Private Beach Club
- Tennis Courts
- Community Basketball Court
- Community Playground
- Fitness Center
- Community Indoor Pool
- Dog Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2024
Closed on
Jun 21, 2024
Sold by
Billingsley Shirley F and Haynes Donna Lynn
Bought by
Colberg William Jay
Seller's Agent
Marc Bouloucon
Coldwell Banker Realty
Buyer's Agent
Elaine Davidson
RE/MAX Advantage Realty
List Price
$685,000
Sold Price
$685,000
Views
67
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,075
Avg. Annual Appreciation
0.27%
Original Mortgage
$548,000
Outstanding Balance
$541,007
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$146,740
Purchase Details
Closed on
Apr 6, 1981
Sold by
Jackson Ronald Joseph
Bought by
Billingsley James B and Billingsley Shirley F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
15.4%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Colberg William Jay | $685,000 | None Listed On Document | |
| Colberg William Jay | $685,000 | None Listed On Document | |
| Billingsley James B | $15,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Colberg William Jay | $548,000 | |
| Closed | Colberg William Jay | $548,000 | |
| Previous Owner | Billingsley James B | $12,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/21/2024 06/21/24 | Sold | $685,000 | 0.0% | $306 / Sq Ft |
| 04/18/2024 04/18/24 | For Sale | $685,000 | -- | $306 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,306 | $466,567 | $0 | $0 |
| 2024 | $4,067 | $426,900 | $197,700 | $229,200 |
| 2023 | $3,934 | $411,067 | $0 | $0 |
| 2022 | $3,766 | $395,233 | $0 | $0 |
| 2021 | $3,631 | $379,400 | $196,800 | $182,600 |
| 2020 | $3,534 | $369,233 | $0 | $0 |
| 2019 | $3,436 | $359,067 | $0 | $0 |
| 2018 | $3,290 | $348,900 | $196,800 | $152,100 |
| 2017 | $3,203 | $338,233 | $0 | $0 |
| 2016 | -- | $327,567 | $0 | $0 |
| 2015 | $1,970 | $316,900 | $0 | $0 |
| 2014 | $1,970 | $316,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Marc Bouloucon
-
Elaine Davidson
Buyer's Agent in 2024
Elaine Davidson
RE/MAX
(267) 304-1550
10 in this area
87 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2020390
APN: 03-061701
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