NOT LISTED FOR SALE

507 Seaweed Ln Ocean City, MD 21842

Estimated Value: $661,000 - $743,285

3 Beds
2 Baths
1,458 Sq Ft
$487/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $560,000 $384 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,258/month

Highlights

  • 1 Boat Dock
  • Home fronts navigable water
  • View of Trees or Woods
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Open Floorplan

About This Home

As of April 2021

This home is ready for you and your boat! A perfectly suited beach home for both year round and seasonal living on a double-wide canal with a boat dock! Giving great waterfront views from a lovely enclosed porch, spacious L-shaped deck and nice back yard, you will want to set your appointment NOW to see it in person or by FaceTime! Notice the cathedral ceiling creating grandness to the open living space with beautiful hardwood floors upon entry! The entire living, kitchen & dining area gets an abundance of natural light and when you desire, added light & warmth from a wood burning fireplace. The kitchen has stainless steel appliances, solid surface countertops and a nice center island with breakfast counter. Two bedrooms, a full bath & a hall closet housing the stacked washer & dryer also occupy the 1st floor. Head up the stairs to an inviting and sizable loft bedroom with a full bathroom and the added bonus of a Juliette-style balcony! Besides the gorgeous waterfront, some other outdoor bonuses are having a couple storage closets and storage under the porch as well as an outdoor shower. This property comes furnished and is in the Caine Woods community which is among the most popular in the city limits! Enjoy its several parks and close proximity to a movie theater, places to dine-in or carry out, shops, watersports, miniature golf & more and of course the much desired bay, ocean & beach! Remember Life is Not a Dress Rehearsal, Own at The Beach!

Last Agent to Sell the Property

Danny Taglienti

(410) 430-2721 dantaglienti@gmail.com Keller Williams Realty Listed on: 11/14/2020

Keller Williams Realty

Last Buyer's Agent

Larry Holdren Sr.

(410) 250-2751 ocmdhre@gmail.com Larry Holdren Real Estate Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,288

Year Built

  • Built in 1980

Lot Details

  • 4,500 Sq Ft Lot
  • Home fronts navigable water
  • Home fronts a canal
  • Partially Fenced Property
  • Vinyl Fence
  • Landscaped
  • Cleared Lot
  • Back, Front, and Side Yard

Property Views

  • Woods
  • Canal

Home Design

  • Bungalow

Interior Spaces

  • 1,458 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Front Loading Dryer
  • Front Loading Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Access
  • Property is near a canal
  • 1 Boat Dock
  • Private Dock
  • Dock Against Bulkhead
  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Community Details

  • No Home Owners Association
  • Caine Woods Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 10-186137

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,288

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: See List
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-11-15
  • Federal Flood Zone: Yes
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Remarks Public: This home is ready for you and your boat! A perfectly suited beach home for both year round and seasonal living on a double-wide canal with a boat dock! Giving great waterfront views from a lovely enclosed porch, spacious L-shaped deck and nice back yard, you will want to set your appointment NOW to see it in person or by FaceTime! Notice the cathedral ceiling creating grandness to the open living space with beautiful hardwood floors upon entry! The entire living, kitchen & dining area gets an abundance of natural light and when you desire, added light & warmth from a wood burning fireplace. The kitchen has stainless steel appliances, solid surface countertops and a nice center island with breakfast counter. Two bedrooms, a full bath & a hall closet housing the stacked washer & dryer also occupy the 1st floor. Head up the stairs to an inviting and sizable loft bedroom with a full bathroom and the added bonus of a Juliette-style balcony! Besides the gorgeous waterfront, some other outdoor bonuses are having a couple storage closets and storage under the porch as well as an outdoor shower. This property comes furnished and is in the Caine Woods community which is among the most popular in the city limits! Enjoy its several parks and close proximity to a movie theater, places to dine-in or carry out, shops, watersports, miniature golf & more and of course the much desired bay, ocean & beach! Remember Life is Not a Dress Rehearsal, Own at The Beach!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Front Loading, Oven/Range - Electric, Stainless Steel Appliances, Washer - Front Loading
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Upgraded Countertops
  • Fireplaces Count: 1
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Main Floor, Washer In Unit
  • Total Sq Ft: 1458
  • Living Area Sq Ft: 1458
  • Price Per Sq Ft: 394.38
  • Above Grade Finished Sq Ft: 1458
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 507

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks
  • View: Canal, Trees/Woods, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 2

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
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Partially, Vinyl
  • Land Use Code: 011
  • Lot Features: Cleared, Front Yard, Landscaping, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.10
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4500.00
  • Outdoor Living Structures: Deck(s), Enclosed, Balcony, Porch(es)
  • Year Assessed: 2020
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5412517
  • Tax Annual Amount: 5288.00
  • Assessor Parcel Number: 10-186137
  • Tax Lot: 4
  • Tax Total Finished Sq Ft: 1458
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/19/2021

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2020
Closed on
Apr 16, 2021
Sold by
Crum Stevon B and Crum Kelly C
Bought by
Baldwin James and Perret Mary
Seller's Agent
Danny Taglienti
Keller Williams Realty
Buyer's Agent
Larry Holdren Sr.
Larry Holdren Real Estate Inc
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%
Current Estimated Value
$709,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,321
Avg. Annual Appreciation
5.36%
Original Mortgage
$400,000
Outstanding Balance
$361,441
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$347,880

Purchase Details

Closed on
Jun 6, 2006
Sold by
Kunkel James S
Bought by
Crum Stevon B and Crum Kelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2006
Sold by
Kunkel James S
Bought by
Crum Stevon B and Crum Kelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2005
Sold by
Marie Dicriscia Rose
Bought by
Kunkel James S and Kunkel Molly O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Baldwin James $560,000 None Available
Crum Stevon B $525,000 --
Crum Stevon B $525,000 --
Kunkel James S $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldwin James $400,000
Previous Owner Crum Stevon B $300,000
Previous Owner Crum Stevon B $300,000
Previous Owner Kunkel James S $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $560,000 -2.6% $384 / Sq Ft
03/08/2021 03/08/21 For Sale $575,000 0.0% $394 / Sq Ft
01/17/2021 01/17/21 Pending -- -- --
11/14/2020 11/14/20 For Sale $575,000 -- $394 / 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 $6,550 $479,667 $0 $0
2024 $6,063 $434,533 $0 $0
2023 $5,473 $389,400 $285,600 $103,800
2022 $5,402 $384,367 $0 $0
2021 $5,360 $379,333 $0 $0
2020 $5,288 $374,300 $285,600 $88,700
2019 $5,296 $372,300 $0 $0
2018 $5,215 $370,300 $0 $0
2017 $5,114 $368,300 $0 $0
2016 $4,829 $360,200 $0 $0
2015 $4,829 $352,100 $0 $0
2014 $4,829 $344,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO118292

Bright MLS

APN: 10-186137