NOT LISTED FOR SALE

40 Ocean Pkwy Berlin, MD 21811

Estimated Value: $366,000 - $418,000

3 Beds
2 Baths
1,904 Sq Ft
$202/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $470,000 $247 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $2,304/month

10 Days on Market

Highlights

  • View of Trees or Woods
  • Open Floorplan
  • Main Floor Bedroom
  • Showell Elementary School Rated A-
  • Curved or Spiral Staircase
  • Upgraded Countertops

About This Home

As of September 2024

Welcome to your modern retreat in the highly sought-after Ocean Pines community. Situated just inside of the North Gate, you’re just moments away from parks, water access, restaurants, pools, tennis courts, and more. This beautifully renovated home, updated in 2018, combines sleek, contemporary design with an array of community amenities, offering both luxury and convenience. Featuring a striking modern design, the home boasts a unique spiral staircase, new flooring, siding, windows and more; and clean lines that exude sophistication. All mechanical systems have been meticulously updated, including a new water heater and HVAC system. The crawlspace is encapsulated for extra peace of mind. Step outside to your private sandy retreat. Nestled on a wooded lot, this property offers a serene and private setting, allowing you to enjoy peace and tranquility right at home. Enjoy relaxing evenings by the fire pit, socializing at the bar, or unwinding under the pergola in the hanging chairs. The outdoor space is also equipped with a flat-screen TV hook-up, perfect for airing you favorite game. There is also ample storage for all of your beach gear in the sprawling shed. Experience the perfect blend of modern luxury and community living in Ocean Pines. This home is a rare find, offering everything you need for a comfortable and stylish lifestyle. Schedule your tour today and make this exceptional property yours!

Complete Remodel in 2018. New items at the property are the following: HVAC, windows, siding, roof, decks, flooring, insulation, paint, drywall, landscape lighting, stone/gravel, fans and interior lighting, recessed LED lighting, doors, baseboard and trim, bathrooms, washer and dryer, crawlspace encapsulation.

Last Agent to Sell the Property

Jennifer Smith

(410) 320-6735 jennifer.i.smith@kw.com Keller Williams Realty License #667574 Listed on: 07/12/2024

Keller Williams Realty

Last Buyer's Agent

Anthony Golden

(443) 783-0249 tony@oceancity4sales.com Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,055

Year Built

  • Built in 1978

Lot Details

  • 9,207 Sq Ft Lot
  • Property is zoned R-2

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Bungalow
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,904 Sq Ft Home
  • Property has 1.5 Levels
  • Open Floorplan
  • Curved or Spiral Staircase
  • Recessed Lighting
  • Electric Fireplace
  • Family Room Off Kitchen
  • Views of Woods
  • Crawl Space
  • Upgraded Countertops

Bedrooms and Bathrooms

  • En-Suite Bathroom

Outdoor Features

  • Exterior Lighting
  • Outbuilding

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Ocean Pines HOA
  • Ocean Pines Bainbridge Subdivision

Listing and Financial Details

  • Tax Lot 300
  • Assessor Parcel Number 2403079341

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,055

Year Built

Built in 1978

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-07-12
  • Federal Flood Zone: No
  • Year Built: 1978
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Primary Bath(s), Recessed Lighting, Spiral Staircase, Upgraded Countertops
  • Fireplace Features: Electric
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 1.5
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1904
  • Living Area Sq Ft: 1904
  • Price Per Sq Ft: 255.78
  • Above Grade Finished Sq Ft: 1904
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Outbuilding(s)
  • Roof: Metal
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 900.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: OCEAN PINES HOA
  • 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: 9207.00
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2055.00
  • Assessor Parcel Number: 2403079341
  • Tax Lot: 300
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Oct 1, 2024
Sold by
Walsh Sean Michael
Bought by
Spooner Bronson Arthur and Spooner Jennifer Lee
Seller's Agent
Jennifer Smith
Keller Williams Realty
Buyer's Agent
Anthony Golden
Berkshire Hathaway HomeServices PenFed Realty
List Price
$487,000
Sold Price
$470,000
Premium/Discount to List
-$17,000
-3.49%
Views
82
Current Estimated Value
$384,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,192
Avg. Annual Appreciation
-15.23%
Original Mortgage
$335,200
Outstanding Balance
$331,575
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$53,233

Purchase Details

Closed on
Apr 25, 2006
Sold by
Stone Shane J
Bought by
Micheal Walsh Sean

Purchase Details

Closed on
Apr 12, 2006
Sold by
Stone Shane J
Bought by
Micheal Walsh Sean

Purchase Details

Closed on
Jun 12, 2001
Sold by
Coutu Thomas G and Coutu Theresa J
Bought by
Stone Shane J and Stone Monica D

Purchase Details

Closed on
Aug 12, 1998
Sold by
Couto Thomas G
Bought by
Coutu Thomas G and Coutu Theresa J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spooner Bronson Arthur $470,000 Capitol Title
Spooner Bronson Arthur $470,000 Capitol Title
Micheal Walsh Sean $229,900 --
Micheal Walsh Sean $229,900 --
Stone Shane J $118,000 --
Coutu Thomas G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spooner Bronson Arthur $335,200
Closed Spooner Bronson Arthur $335,200
Closed Micheal Walsh Sean --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $470,000 -3.5% $247 / Sq Ft
07/12/2024 07/12/24 For Sale $487,000 -- $256 / 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 $2,456 $266,067 $0 $0
2024 $1,704 $240,800 $73,900 $166,900
2023 $1,646 $214,733 $0 $0
2022 $1,578 $188,667 $0 $0
2021 $1,526 $162,600 $60,600 $102,000
2020 $1,482 $158,233 $0 $0
2019 $1,439 $153,867 $0 $0
2018 $1,359 $149,500 $56,100 $93,400
2017 $1,341 $144,067 $0 $0
2016 $1,301 $138,633 $0 $0
2015 $1,360 $133,200 $0 $0
2014 $1,360 $133,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2022020

Bright MLS

APN: 03-079341