NOT LISTED FOR SALE

505 Nautical Ln Ocean City, MD 21842

Estimated Value: $476,000 - $609,000

2 Beds
1 Bath
728 Sq Ft
$766/Sq Ft Est. Value

About This Home

This home is located at 505 Nautical Ln, Ocean City, MD 21842 and is currently estimated at $557,563, approximately $765 per square foot. 505 Nautical Ln 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
Aug 22, 2025
Sold by
Budzynski William A and Budzynski Linda Lou
Bought by
Budzynski Family Trust and Budzynski
Current Estimated Value
$557,563

Purchase Details

Closed on
Jun 17, 2014
Sold by
Madsen Marcella A
Bought by
Budzynski William A and Budzynski Linda L

Purchase Details

Closed on
Nov 28, 2001
Sold by
Madsen Michael Gerard
Bought by
Madsen Gerard F and Madsen Marcella A

Purchase Details

Closed on
Jul 10, 1985
Sold by
Maisak Albert L
Bought by
Madsen Michael Gerard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,250
Interest Rate
12.13%
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
Budzynski Family Trust -- None Listed On Document
Budzynski William A $118,500 None Available
Madsen Gerard F -- --
Madsen Michael Gerard $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Madsen Michael Gerard $38,250
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 $5,791 $424,067 $0 $0
2024 $4,940 $354,033 $0 $0
2023 $3,991 $284,000 $110,000 $174,000
2022 $3,895 $277,133 $0 $0
2021 $3,819 $270,267 $0 $0
2020 $3,722 $263,400 $110,000 $153,400
2019 $3,747 $263,400 $110,000 $153,400
2018 $3,710 $263,400 $110,000 $153,400
2017 $1,656 $117,200 $0 $0
2016 -- $117,200 $0 $0
2015 $2,067 $117,200 $0 $0
2014 $2,067 $127,600 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842

505 Nautical Ln, Ocean City, MD

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