NOT LISTED FOR SALE

5 Driftwood Ln Berlin, MD 21811

Estimated Value: $502,000 - $578,000

3 Beds
2.5 Baths
1,352 Sq Ft
$400/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $279,999 $207 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $3,333/month

63 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Water Views
  • Showell Elementary School Rated A-
  • 1 Dock Slip
  • Golf Course Community

About This Home

As of November 2018

Lowest price ever for this Waterfront home priced to sell with desirable boat lift. Located on quiet cul de sac featuring deep water access for all boat types and approximately 1/4 mi unobstructed access to River and Bay. Updated kitchen with upgraded appliances. Free standing fireplace in living room. Sun Room has expansive water views! Maytag washer and dryer. Only two blocks to O.P. swim & racket club. Less than 1/2 mi to community center, fire and police. Conveniently located to all amenities in the Pines and surrounding community. Must see to appreciate.

Last Agent to Sell the Property

Paul Faulstich

Century 21 New Horizon License #4578 Listed on: 09/06/2018

Century 21 New Horizon

Last Buyer's Agent

Brent Johnson

RE/MAX Advantage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,448

Year Built

  • Built in 1973

Lot Details

  • 10,326 Sq Ft Lot
  • Home fronts a lagoon or estuary
  • Home fronts navigable water
  • Cul-De-Sac
  • South Facing Home
  • No Through Street
  • Irregular Lot
  • Partially Wooded Lot
  • Back and Front Yard
  • Property is in very good condition
  • Property is zoned R-3

HOA Fees

  • $116 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,352 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Gas Fireplace
  • Water Views
  • Storm Doors

Kitchen

  • Stove
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Property near a lagoon
  • Sail
  • Bulkhead
  • Electric Hoist or Boat Lift
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Dock Against Bulkhead
  • Powered Boats Permitted
  • Deck
  • Outdoor Storage

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Vented Exhaust Fan
  • 110 Volts
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 03-056538

Community Details

Overview

  • Ocean Pines HOA
  • Ocean Pines Newport Subdivision
  • Property Manager

Amenities

  • Clubhouse
  • Community Center
  • Meeting Room

Recreation

  • Boat Ramp
  • Boat Dock
  • Marina
  • Golf Course Community
  • Golf Course Membership Available
  • Private Beach Club
  • Tennis Courts
  • Community Indoor Pool
  • Pool Membership Available

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,448

Year Built

Built in 1973

Lot Details

0

HOA Fees

$116 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Remarks Public: Lowest price ever for this Waterfront home priced to sell with desirable boat lift. Located on quiet cul de sac featuring deep water access for all boat types and approximately 1/4 mi unobstructed access to River and Bay. Updated kitchen with upgraded appliances. Free standing fireplace in living room. Sun Room has expansive water views! Maytag washer and dryer. Only two blocks to O.P. swim & racket club. Less than 1/2 mi to community center, fire and police. Conveniently located to all amenities in the Pines and surrounding community. Must see to appreciate.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Dryer - Electric, Exhaust Fan, Icemaker, Refrigerator, Stove, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Wood, Ceramic Tile
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1352
  • Living Area Sq Ft: 1352
  • Price Per Sq Ft: 218.20
  • Above Grade Finished Sq Ft: 1352
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Secure Storage
  • Road Surface Type: Black Top
  • Roof: Shingle
  • View: Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Sail
  • Water Access: Yes
  • Water Body Type: Lagoon
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 110 Volts
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 1386.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach Club, Boat Dock/Slip, Boat Ramp, Club House, Community Center, Gated Community, Golf Course, Golf Course Membership Available, Marina/Marina Club, Meeting Room, Pool - Indoor, Pool - Outdoor, Pool Mem Avail, Tennis Courts
  • HOA Name: OCEAN PINES HOA
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Indoor, In Ground

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Bulkheaded, Cul-De-Sac, Front Yard, Irregular, No Thru Street, Partly Wooded, Rear Yard, Road Frontage
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10326.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2017
  • Zoning: R-3
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5382699
  • Tax Annual Amount: 2448.00
  • Assessor Parcel Number: 03-056538
  • Tax Lot: 38
  • Tax Total Finished Sq Ft: 1352
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 11/15/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Nov 10, 2018
Sold by
Howard John
Bought by
Knickman Sandra E and Simpson Kimberly A
Seller's Agent
Paul Faulstich
Century 21 New Horizon
Buyer's Agent
Brent Johnson
RE/MAX Advantage Realty
List Price
$315,000
Sold Price
$279,999
Premium/Discount to List
-$35,001
-11.11%
Current Estimated Value
$537,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,583
Avg. Annual Appreciation
9.77%

Purchase Details

Closed on
Dec 29, 2008
Sold by
American Home Mortgage Servicing
Bought by
John Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2008
Sold by
American Home Mortgage Servicing
Bought by
John Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2007
Sold by
Mccready Terry A
Bought by
American Home Mortgage Servicing

Purchase Details

Closed on
Feb 12, 2007
Sold by
Mccready Terry A
Bought by
American Home Mortgage Servicing

Purchase Details

Closed on
Apr 27, 2004
Sold by
Lowell Groff Emory
Bought by
Mccready Terry A and Mccready Nancy A
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
Knickman Sandra E $279,999 Crown Title Corp
John Howard $285,000 --
John Howard $285,000 --
American Home Mortgage Servicing $435,244 --
American Home Mortgage Servicing $435,244 --
Mccready Terry A $329,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard John $214,835
Previous Owner John Howard $225,000
Previous Owner John Howard $225,000
Previous Owner Mccready Terry A $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $279,999 -5.1% $207 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
10/07/2018 10/07/18 Price Changed $295,000 -6.3% $218 / Sq Ft
09/06/2018 09/06/18 For Sale $315,000 -- $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 $2,970 $327,467 $0 $0
2024 $2,970 $311,700 $181,700 $130,000
2023 $2,858 $299,933 $0 $0
2022 $2,746 $288,167 $0 $0
2021 $2,645 $276,400 $180,500 $95,900
2020 $2,603 $271,967 $0 $0
2019 $2,560 $267,533 $0 $0
2018 $2,481 $263,100 $177,500 $85,600
2017 $2,404 $258,500 $0 $0
2016 -- $253,900 $0 $0
2015 $2,337 $249,300 $0 $0
2014 $2,337 $249,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002343702

Bright MLS

APN: 03-056538