NOT LISTED FOR SALE

501 141st St Ocean City, MD 21842

Estimated Value: $584,000 - $695,000

4 Beds
2.5 Baths
2,080 Sq Ft
$305/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $387,500 $186 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,724/month

Highlights

  • Raised Ranch Architecture
  • Main Floor Bedroom
  • Balcony
  • Ocean City Elementary School Rated A
  • No HOA
  • Porch

About This Home

As of January 2021

This spacious house of over 2000 square feet features 4 bedrooms and 2.5 baths. There are two levels and two living rooms. The location is in the quiet neighborhood of Caine Woods, and it is a short walk to the beach. There is a small park right across the street! You will love all the room and the central a/c and the decks. Located at the corner of North Ocean Road and 141st Street. It is time to find your happy place and find your place at the beach!

Last Agent to Sell the Property

Matthew Bogdan

(443) 235-3272 oceancityhappyme@aol.com Century 21 New Horizon Listed on: 08/14/2020

Century 21 New Horizon

Last Buyer's Agent

Matthew Bogdan

(443) 235-3272 oceancityhappyme@aol.com Century 21 New Horizon Listed on: 08/14/2020

Century 21 New Horizon

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,847

Year Built

  • Built in 1981

Lot Details

  • 5,400 Sq Ft Lot

Home Design

  • Raised Ranch Architecture
  • Architectural Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,080 Sq Ft Home
  • Property has 2 Levels
  • Window Screens

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Caine Woods Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 10-179300

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,847

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Personal items; sold unfurnished.
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1981
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Entry Level Bedroom
  • Window Features: Screens
  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2080
  • Living Area Sq Ft: 2080
  • Price Per Sq Ft: 192.26
  • Above Grade Finished Sq Ft: 2080
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • 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
  • Roof: Architectural Shingle
  • 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, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5400.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5411986
  • Tax Annual Amount: 3847.00
  • Assessor Parcel Number: 10-179300
  • Tax Lot: 13
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Jan 15, 2021
Sold by
Mayne Jessica
Bought by
Ross David and Ross Susan
Seller's Agent
Matthew Bogdan
Century 21 New Horizon
Buyer's Agent
Matthew Bogdan
Century 21 New Horizon
List Price
$399,900
Sold Price
$387,500
Premium/Discount to List
-$12,400
-3.1%
Current Estimated Value
$634,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,053
Avg. Annual Appreciation
10.87%
Original Mortgage
$348,750
Outstanding Balance
$310,656
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$323,897

Purchase Details

Closed on
Jun 14, 2011
Sold by
Frank J Ward Construction Inc
Bought by
Mayne Jessica

Purchase Details

Closed on
May 12, 2011
Sold by
Ward Construction Inc and Ward Frank J
Bought by
Mayne Jessica

Purchase Details

Closed on
Feb 9, 2005
Sold by
Gallo Terry L and Gallo Mary C
Bought by
Ward Construction Inc & Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2005
Sold by
Gallo Terry L and Gallo Mary C
Bought by
Ward Construction Inc & Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 1988
Sold by
Keyser James Patrick
Bought by
Gallo Terry L and Gallo Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
9.96%
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
Ross David $387,500 Capitol Title Group
Mayne Jessica $285,000 --
Mayne Jessica $285,000 Worldwide Title Group Llc
Mayne Jessica $285,000 --
Ward Construction Inc & Frank J $300,000 --
Ward Construction Inc & Frank J $300,000 --
Gallo Terry L $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross David $348,750
Previous Owner Ward Construction Inc & Frank J $284,000
Previous Owner Ward Construction Inc & Frank J $284,000
Previous Owner Gallo Terry L $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $387,500 -3.1% $186 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/30/2020 11/30/20 For Sale $399,900 +3.2% $192 / Sq Ft
11/30/2020 11/30/20 Off Market $387,500 -- --
11/04/2020 11/04/20 Price Changed $399,900 -9.1% $192 / Sq Ft
08/14/2020 08/14/20 For Sale $440,000 -- $212 / 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 $4,835 $354,067 $0 $0
2024 $4,453 $319,133 $0 $0
2023 $4,006 $284,200 $147,700 $136,500
2022 $3,938 $280,233 $0 $0
2021 $3,904 $276,267 $0 $0
2020 $3,834 $272,300 $147,700 $124,600
2019 $3,834 $269,500 $0 $0
2018 $3,756 $266,700 $0 $0
2017 $3,705 $263,900 $0 $0
2016 -- $261,000 $0 $0
2015 $3,638 $258,100 $0 $0
2014 $3,638 $255,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO115994

Bright MLS

APN: 10-179300