NOT LISTED FOR SALE

502 Tidewater Cove Ocean Pines, MD 21811

Estimated Value: $587,898 - $683,000

4 Beds
3 Baths
2,400 Sq Ft
$268/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $404,000 $168 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,845/month

Highlights

  • Marina
  • Boat Ramp
  • Private Beach Club
  • Showell Elementary School Rated A-
  • Golf Course Community
  • Newly Remodeled

About This Home

As of July 2020

This wonderful home sits on a huge corner lot overlooking the peaceful park, pond & fountain in the exclusive ''The Point'' section of Ocean Pines. This home is one of only 200 in this tranquil family neighborhood with sidewalks and streetlights. Open & bright floor plan, with stunning views of the pond and fountain from most rooms. First floor master suite has large closet, gorgeous tiled shower & double vanity. There are 3 bedrooms and 2 full bathrooms on the first floor, along with a great room, dining room, sun room, screened porch, front porch and deck. Spacious kitchen w/upgraded cabinets with glazed molding, SS appliances, Corian counter tops, large pantry & convenient W/D. Relax in the great room, the sunroom, the screened-in porch or the decks and take in the lovely park & water views! Crown molding installed in the great room. Very large second floor master suite has huge walk in closet. Also, large attic storage space on second floor. Home was built in 2018, with the New Stringent Energy Code. Recent upgrades include: two additional windows installed in the Great Room for amazing views of the park; beautiful pergo floors throughout the first floor; additional kitchen cabinets with molding and trim; crown molding; crawl space enhancements including a dehumidifier; an irrigation system. Oversize garage measures 24 x 24 plus a large alcove. The Seller is leaving three mounted TVs, to make your move-in day easier!

Last Agent to Sell the Property

Julie Woulfe

(443) 604-0186 jwoulfe@shamrockrealty.com ERA Martin Associates, Shamrock Division Listed on: 03/20/2020

Last Buyer's Agent

Jessica Lynch

(410) 726-0736 cinchwithlynchoc@gmail.com Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,141

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.25 Acre Lot
  • Southeast Facing Home
  • Corner Lot
  • Sprinkler System
  • Cleared Lot
  • Property is in very good condition
  • Property is zoned R-3

HOA Fees

  • $109 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Handicap Parking
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Stone Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Great Room
  • Formal Dining Room
  • Sun or Florida Room
  • Screened Porch
  • Storage Room
  • Pond Views
  • Fire Sprinkler System

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Deck
  • Screened Patio

Schools

  • Showell Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 145913

Community Details

Overview

  • Association fees include common area maintenance, management, recreation facility, reserve funds, road maintenance, snow removal
  • Ocean Pines Association
  • Ocean Pines The Point Subdivision

Amenities

  • Common Area
  • Community Center

Recreation

  • Boat Ramp
  • Pier or Dock
  • Marina
  • Golf Course Community
  • Private Beach Club
  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Playground
  • Community Indoor Pool
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,141

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$109 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod, Contemporary
  • Ownership: Fee Simple
  • Exclusions: workbenches and cabinets in garage
  • Federal Flood Insurance: Unknown
  • Inclusions: Three TVs and TV wall mounts
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Expected On Market: 2020-03-21
  • Federal Flood Zone: No
  • Year Built: 2018
  • Remarks Public: This wonderful home sits on a huge corner lot overlooking the peaceful park, pond & fountain in the exclusive ''The Point'' section of Ocean Pines. This home is one of only 200 in this tranquil family neighborhood with sidewalks and streetlights. Open & bright floor plan, with stunning views of the pond and fountain from most rooms. First floor master suite has large closet, gorgeous tiled shower & double vanity. There are 3 bedrooms and 2 full bathrooms on the first floor, along with a great room, dining room, sun room, screened porch, front porch and deck. Spacious kitchen w/upgraded cabinets with glazed molding, SS appliances, Corian counter tops, large pantry & convenient W/D. Relax in the great room, the sunroom, the screened-in porch or the decks and take in the lovely park & water views! Crown molding installed in the great room. Very large second floor master suite has huge walk in closet. Also, large attic storage space on second floor. Home was built in 2018, with the New Stringent Energy Code. Recent upgrades include: two additional windows installed in the Great Room for amazing views of the park; beautiful pergo floors throughout the first floor; additional kitchen cabinets with molding and trim; crown molding; crawl space enhancements including a dehumidifier; an irrigation system. Oversize garage measures 24 x 24 plus a large alcove. The Seller is leaving three mounted TVs, to make your move-in day easier!
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
  • Flooring Type: Vinyl, Carpet
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Crown Moldings, Upgraded Countertops, Sprinkler System, Walk-In Closet(s), Window Treatments, Floor Plan - Open, Formal/Separate Dining Room, Primary Bath(s), Pantry, Recessed Lighting
  • Window Features: Insulated, Screens
  • Foundation Details: Block
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Sun/Florida Room, Great Room, Storage Room, Bathroom 2, Primary Bathroom, Screened Porch
  • Basement: No
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 174.79
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 502

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Stone, Vinyl Siding, Stick Built
  • Construction Completed: Yes
  • Roof: Architectural Shingle
  • View: Pond, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Parking Features: Handicap Parking
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 1311.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach Club, Boat Ramp, Pier/Dock, Golf Course, Pool - Indoor, Marina/Marina Club, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Baseball Field, Basketball Courts, Common Grounds, Community Center, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Recreation Facility, Reserve Funds, Road Maintenance, Snow Removal
  • HOA Name: OCEAN PINES ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Indoor

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: SHOWELL
  • 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
  • Elementary School: SHOWELL
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared, Corner
  • Lot Size Acres: 0.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13437.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R-3
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5390487
  • Tax Annual Amount: 3141.00
  • Assessor Parcel Number: 145913
  • Tax Year: 2020
  • Close Date: 07/17/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Jul 17, 2020
Sold by
Green Roland L and Green Janis Y
Bought by
Davidson Stacie M
Seller's Agent
Julie Woulfe
ERA Martin Associates, Shamrock Division
Buyer's Agent
Jessica Lynch
Coldwell Banker Realty
List Price
$419,500
Sold Price
$404,000
Premium/Discount to List
-$15,500
-3.69%
Current Estimated Value
$639,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,110
Avg. Annual Appreciation
9.25%

Purchase Details

Listed on
Nov 3, 2017
Closed on
Jan 12, 2018
Sold by
Sekace Home Llc
Bought by
Green Roland L and Green Janis Y
Seller's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Timothy Halligan
Iron Valley Real Estate Ocean City
List Price
$359,000
Sold Price
$361,500
Premium/Discount to List
$2,500
0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%

Purchase Details

Listed on
Nov 17, 2015
Closed on
Jun 30, 2017
Sold by
Lipedusi John and Lipedusi Lisa
Bought by
Sekace Homes Llc
Seller's Agent
Lauren Foster
Condominium Realty, LTD
Buyer's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$59,900
Sold Price
$54,000
Premium/Discount to List
-$5,900
-9.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3281.43%
Original Mortgage
$250,625
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 6, 2012
Closed on
Oct 8, 2012
Sold by
Knorr Dennis E and Knorr Patricia A
Bought by
Lipedusi John and Lipedusi Lisa
Seller's Agent
James Prete
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
James Prete
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$69,900
Sold Price
$40,000
Premium/Discount to List
-$29,900
-42.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Oct 24, 2000
Sold by
Mccain William R and Mccain Teresa B
Bought by
Knorr Dennis E and Knorr Patricia A

Purchase Details

Closed on
Sep 7, 1999
Sold by
Banker'S Development L L C
Bought by
Mccain William R and Mccain Teresa B
Source: Public Records

Range of Values:

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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
Davidson Stacie M $404,000 Maryland Title Service
Green Roland L $359,000 Brennan Title Co
Sekace Homes Llc $54,000 Mid Atlantic Title & Escrow
Lipedusi John $40,000 Capitol Title
Knorr Dennis E $48,900 --
Mccain William R $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sekace Homes Llc $250,625
Closed Mccain William R --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2020 07/17/20 Sold $404,000 -3.7% $168 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $419,500 +16.0% $175 / Sq Ft
01/12/2018 01/12/18 Sold $361,500 +0.7% $151 / Sq Ft View Prior Sale
12/09/2017 12/09/17 Pending -- -- --
11/03/2017 11/03/17 For Sale $359,000 +564.8% $150 / Sq Ft
06/30/2017 06/30/17 Sold $54,000 -9.8% -- View Prior Sale
05/31/2017 05/31/17 Pending -- -- --
11/18/2015 11/18/15 For Sale $59,900 +49.8% --
10/08/2012 10/08/12 Sold $40,000 -42.8% -- View Prior Sale
09/19/2012 09/19/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $69,900 -- --
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 $4,282 $463,967 $0 $0
2024 $4,239 $444,900 $122,600 $322,300
2023 $3,904 $409,733 $0 $0
2022 $3,569 $374,567 $0 $0
2021 $3,248 $339,400 $67,600 $271,800
2020 $3,107 $328,133 $0 $0
2019 $3,015 $316,867 $0 $0
2018 $508 $305,600 $72,600 $233,000
2017 $460 $53,600 $0 $0
2016 -- $48,600 $0 $0
2015 -- $43,600 $0 $0
2014 $1,108 $43,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO112888

Bright MLS

APN: 03-145913