NOT LISTED FOR SALE

500 Seaweed Ln Ocean City, MD 21842

Estimated Value: $568,624 - $760,000

4 Beds
2 Baths
2,060 Sq Ft
$315/Sq Ft Est. Value

Last Sold October 12, 2012

Last sale price $300,000 $146 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $3,769/month

Highlights

  • 0.44 Acre Lot
  • Deck
  • Contemporary Architecture
  • Ocean City Elementary School Rated A
  • Wood Burning Stove
  • Wooded Lot

About This Home

As of October 2012

Double corner lot woodlands, feels like a mountain retreat, just 6 blocks to ocean @ traffic lite X-ing. North Island @ 142nd & Tunnel. Owner-builder, ideal for redevelopment, renovation, kick-back relaxing. Cool shady breezes, lots of room for parking, outdoor activities, gardening, pets, watching leaves fall, possible 2nd fl separate quarters. HVAC on 1st only. R2 zoning. 4-unit yield as assembled. Pre-inspected + 1-year Warranty, Pre-Appraised, Pre-Repaired, survey & reports available, no HOA fees, all public utilities to site. Originally $675,000 ... what a deal! Awaiting your Offer to OWN! RE taxes @ $436/m. OWNER FINANCING TERMS TBD.

Last Agent to Sell the Property

Joy Isenberg Snyder

(410) 723-3600 joy@joysnyder.com RE/MAX Advantage Realty Listed on: 06/23/2009

RE/MAX Advantage Realty

Last Buyer's Agent

Rebecca Mitchell

(410) 603-0528 becky@beckymitchell.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,540

Year Built

  • Built in 1978

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 184x179x79x145
  • South Facing Home
  • Corner Lot
  • Wooded Lot
  • Property is zoned R-2

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 2,060 Sq Ft Home
  • Property has 2 Levels
  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Stove
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Crawl Space
  • Storage In Attic
  • Storm Doors

Kitchen

  • Electric Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • Attached Carport
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Wrap Around Porch

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 001A
  • Assessor Parcel Number 262577

Community Details

Overview

  • No Home Owners Association
  • Caine Woods Subdivision

Security

  • Complex Is Fenced

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,540

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Exclusions: Itemized Inventory Lists Available from Listing Agent.
  • Federal Flood Insurance: Yes
  • Historic: No
  • Home Warranty: Yes
  • Inclusions: Exhaust Fan(s)
  • New Construction: No
  • Storage: Attic
  • Federal Flood Zone: Yes
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Skylight(s), Walk-In Closet(s), Window Treatments, Wood Stove
  • Window Features: Skylights, Insulated, Screens
  • Door Features: Storm
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2060
  • Living Area Sq Ft: 2060
  • Price Per Sq Ft: 191.75
  • Above Grade Finished Sq Ft: 2060
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Wood Siding, Stick Built
  • Construction Completed: No
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Under Home Parking
  • Type Of Parking: Attached Carport, Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Wood
  • Heating Type: Forced Air, Wood Burn Stove
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 758.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Corner, Trees/Wooded
  • Lot Size Acres: 0.44
  • Lot Dimensions: 184x179x79x145
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19104.00
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Wrap Around
  • Zoning: R-2
  • In City Limits: Yes

Building Info

  • Building Features: Fencing

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5419256
  • Assessor Parcel Number: 262577
  • Tax Lot: 001A
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2009
Closed on
Oct 12, 2012
Sold by
Demott Clark Warren and Demott Dorothea L
Bought by
Whitsell Gregory D and Petroshius Danica L
Seller's Agent
Joy Isenberg Snyder
RE/MAX Advantage Realty
Buyer's Agent
Rebecca Mitchell
Long & Foster Real Estate, Inc.
List Price
$675,000
Sold Price
$300,000
Premium/Discount to List
-$375,000
-55.56%
Current Estimated Value
$647,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,906
Avg. Annual Appreciation
6.08%
Original Mortgage
$184,000
Outstanding Balance
$127,714
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$520,192
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
Whitsell Gregory D $230,000 Sage Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitsell Gregory D $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2012 10/12/12 Sold $300,000 -55.6% $146 / Sq Ft
09/02/2012 09/02/12 Pending -- -- --
06/23/2009 06/23/09 For Sale $675,000 -- $328 / 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 $4,540 $332,467 $0 $0
2024 $4,291 $307,533 $0 $0
2023 $3,984 $282,600 $156,400 $126,200
2022 $3,940 $280,367 $0 $0
2021 $3,930 $278,133 $0 $0
2020 $3,913 $275,900 $156,400 $119,500
2019 $3,925 $275,900 $156,400 $119,500
2018 $3,886 $275,900 $156,400 $119,500
2017 $3,800 $286,500 $0 $0
2016 -- $267,667 $0 $0
2015 $2,863 $248,833 $0 $0
2014 $2,863 $230,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joy Isenberg Snyder

    RE/MAX

    Section Image

  • R

    Buyer's Agent in 2012

    Rebecca Mitchell

    Long & Foster

    (410) 603-0528

    2 in this area

    2 Total Sales

    Rebecca Mitchell
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000667686

Bright MLS

APN: 10-262577

Maryland Worcester County Ocean City 21842

500 Seaweed Ln, Ocean City, MD

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