NOT LISTED FOR SALE

503 Twin Tree Rd Ocean City, MD 21842

Estimated Value: $529,000 - $593,000

3 Beds
2 Baths
1,456 Sq Ft
$389/Sq Ft Est. Value

About This Home

This home is located at 503 Twin Tree Rd, Ocean City, MD 21842 and is currently estimated at $566,245, approximately $388 per square foot. 503 Twin Tree Rd is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2015
Sold by
Puller Patricia A
Bought by
Formhals Christian August and Borman Sally
Current Estimated Value
$566,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Outstanding Balance
$161,873
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$404,372
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Formhals Christian August $235,000 Brennan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Formhals Christian August $211,500
Source: Public Records

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 $3,747 $393,800 $0 $0
2024 $3,729 $329,900 $0 $0
2023 $3,657 $266,000 $142,700 $123,300
2022 $3,624 $262,533 $0 $0
2021 $3,611 $259,067 $0 $0
2020 $3,577 $255,600 $142,700 $112,900
2019 $3,577 $253,100 $0 $0
2018 $3,511 $250,600 $0 $0
2017 $3,505 $248,100 $0 $0
2016 $3,522 $248,100 $0 $0
2015 $2,375 $248,100 $0 $0
2014 $2,375 $253,800 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842

503 Twin Tree Rd, Ocean City, MD

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