NOT LISTED FOR SALE

416 Nautical Ln Ocean City, MD 21842

Estimated Value: $508,000 - $667,000

3 Beds
2 Baths
1,380 Sq Ft
$414/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $555,000 $402 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,559/month

85 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Property fronts the bay but unit may not have water views
  • Ocean City Elementary School Rated A
  • Coastal Architecture
  • Upgraded Countertops

About This Home

As of August 2024

Looking for a brand new home in Ocean City? Look no further! This custom-built single-level home in the Montego Bay community in North Ocean City is one of the few newly constructed homes available for sale. What's more, it is the best priced! With a ton of amazing features, this house is an absolute gem. The kitchen boasts quartz countertops, stainless steel appliances with a gas range, and a large kitchen island with plenty of seating. The living area has vaulted ceilings, oversized windows and oversized 3-panel patio doors that let in plenty of natural light, making it the perfect place to relax and unwind. You'll also find a dry bar and access to the low-maintenance covered porch. The house has beautiful LVP flooring throughout, making it easy to clean and maintain and the bedrooms have 9-foot ceilings and ceiling fans to keep you comfortable. A tiled shower in the primary bedroom, a separate large laundry room with cabinets and countertops and a gas tankless water heater complete the package. You'll also have plenty of storage space with a large outdoor storage shed. The crawlspace has a drain tile system and 2 sump pumps. Montego Bay amenities include 2 outdoor pools, kiddie pool, 2 tennis courts, pickleball courts, 9 hole mini golf course, bayfront boardwalk with multiple crabbing/fishing piers and a 1/2 mile paved walking path around an 8-acre pond. The convenient location off 130th St. is close to restaurants, a grocery store, shopping, entertainment and Northside Park. Don't miss out on this amazing opportunity to own a beautiful new home in one of the most sought-after areas of Ocean City!

Last Agent to Sell the Property

Dave Whittington

(410) 430-5283 ocdavew@gmail.com Coastal Life Realty Group LLC License #520693 Listed on: 04/24/2024

Last Buyer's Agent

LISA M JACKSON

(717) 649-7248 lisa.jackson@evrealestate.com Engel & Völkers Ocean City License #RS-0038166

Engel & Völkers Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,088

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 3,600 Sq Ft Lot
  • Property fronts the bay but unit may not have water views
  • Property is in excellent condition
  • Property is zoned TR

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Coastal Architecture
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,380 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Crawl Space
  • Upgraded Countertops
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 1031B
  • Assessor Parcel Number 2410195411

Community Details

Overview

  • Association fees include management, pool(s)
  • Montego Bay Civic Association
  • Montego Bay Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,088

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main
  • Expected On Market: 2024-04-26
  • Federal Flood Zone: No
  • Year Built: 2024
  • Automatically Close On Close Date: No
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Floor Plan - Open, Recessed Lighting, Upgraded Countertops, Ceiling Fan(s), Primary Bath(s)
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 1380
  • Living Area Sq Ft: 1380
  • Price Per Sq Ft: 431.09
  • Above Grade Finished Sq Ft: 1380
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Secure Storage
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 396.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Management, Pool(s)
  • HOA Name: MONTEGO BAY CIVIC ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3600.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Excellent
  • Zoning: TR
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2088.00
  • Assessor Parcel Number: 2410195411
  • Tax Lot: 1031B
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2024
Sold by
Shivas Bliss Llc
Bought by
Srivastav Ankit and Malik Amita
Current Estimated Value
$571,640

Purchase Details

Listed on
Apr 24, 2024
Closed on
Aug 15, 2024
Sold by
Srivastav Ankit and Malik Amita
Bought by
Shivas Bliss Llc
Seller's Agent
Dave Whittington
Coastal Life Realty Group LLC
Buyer's Agent
LISA M JACKSON
Engel & Völkers Ocean City
List Price
$624,900
Sold Price
$555,000
Premium/Discount to List
-$69,900
-11.19%
Views
216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$416,250
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2024
Closed on
Aug 9, 2024
Sold by
Jaklin Properties Llc
Bought by
Srivastav Ankit and Malik Amita
Seller's Agent
Dave Whittington
Coastal Life Realty Group LLC
Buyer's Agent
LISA M JACKSON
Engel & Völkers Ocean City
List Price
$624,900
Sold Price
$555,000
Premium/Discount to List
-$69,900
-11.19%
Views
216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2022
Closed on
Mar 22, 2023
Sold by
Reese Frank T and Reese Charlene C
Bought by
Jaklin Properties Llc
Seller's Agent
Michael Grimes
Montego Bay Realty
Buyer's Agent
Dave Whittington
Coastal Life Realty Group LLC
List Price
$215,000
Sold Price
$210,000
Premium/Discount to List
-$5,000
-2.33%
Views
527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.21%

Purchase Details

Closed on
Nov 25, 2015
Sold by
Gross Jeffrey E and Gross Lori L
Bought by
Reese Frank T and Reese Charlene C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,750
Interest Rate
3.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 9, 2015
Sold by
Anthony Ronald W and Anthony Charlotte V
Bought by
Gross Jeffrey E and Gross Lori L

Purchase Details

Closed on
Jun 7, 2013
Sold by
Tayman Eileen Mary Clifford
Bought by
Anthony Ronald W and Anthony Charlotte

Purchase Details

Closed on
May 12, 1998
Sold by
Robertazzi Rita Maria
Bought by
Tayman Eileen Mary Clifford
Source: Public Records

Range of Values:

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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
Srivastav Ankit -- None Listed On Document
Shivas Bliss Llc -- None Listed On Document
Srivastav Ankit $555,000 None Listed On Document
Jaklin Properties Llc $210,000 --
Reese Frank T $130,000 Maryland Title Svcs
Gross Jeffrey E $117,500 None Available
Anthony Ronald W $118,000 None Available
Tayman Eileen Mary Clifford $43,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Srivastav Ankit $416,250
Previous Owner Reese Frank T $161,750
Closed Tayman Eileen Mary Clifford --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2024 08/15/24 Sold $555,000 -6.7% $402 / Sq Ft
06/27/2024 06/27/24 Price Changed $594,900 -0.8% $431 / Sq Ft
05/21/2024 05/21/24 Price Changed $599,900 -4.0% $435 / Sq Ft
04/24/2024 04/24/24 For Sale $624,900 +197.6% $453 / Sq Ft
03/22/2023 03/22/23 Sold $210,000 -2.3% $227 / Sq Ft View Prior Sale
02/21/2023 02/21/23 Pending -- -- --
12/02/2022 12/02/22 For Sale $215,000 0.0% $233 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
11/04/2022 11/04/22 Price Changed $215,000 -6.1% $233 / Sq Ft
09/22/2022 09/22/22 Price Changed $229,000 -8.0% $248 / Sq Ft
09/03/2022 09/03/22 For Sale $249,000 -- $269 / 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 $6,228 $456,067 $0 $0
2024 $1,907 $375,033 $0 $0
2023 $2,088 $148,100 $110,000 $38,100
2022 $2,053 $146,067 $0 $0
2021 $2,035 $144,033 $0 $0
2020 $2,006 $142,000 $110,000 $32,000
2019 $1,946 $136,767 $0 $0
2018 $1,853 $131,533 $0 $0
2017 $1,784 $126,300 $0 $0
2016 $1,847 $126,300 $0 $0
2015 $2,230 $126,300 $0 $0
2014 $2,230 $138,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2019828

Bright MLS

APN: 10-195411