NOT LISTED FOR SALE

508 Tidewater Cove Ocean Pines, MD 21811

Estimated Value: $484,000 - $629,000

0.32 Acre
$1,679,159 Price per Acre
13,939 Sq Ft Lot

Last Sold September 18, 2013

Last sale price $65,000

Est. 729% increase in value since last sale

Current estimated payment $3,206/month

Highlights

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

About This Lot

As of September 2013

High and Dry,large,elevated lot. No fill dirt required. Backs to open space in rear.Large buildable area(7,193s.f.)(one of the largest in The Point).Lot corners are marked with red flags or call for plat.Located on a cul-de-sac street in area of upscale homes. One of the best buys in The Point.Possible owner financing.

Last Agent to Sell the Property

Bob Poremski

(410) 208-3500 bob@poremskihomes.com Berkshire Hathaway HomeServices PenFed Realty - OP Listed on: 09/21/2011

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Mary Bradford

(443) 497-4206 mary@mary-bradford.com Taylor Properties License #641584

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,227

Lot Details

  • 0.32 Acre Lot
  • Wooded Lot
  • Property is zoned R-3

HOA Fees

  • $89 Monthly HOA Fees

Schools

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

Additional Features

  • Flood Risk
  • Lateral or Tap On-Site

Listing and Financial Details

  • Tax Lot 81
  • Assessor Parcel Number 146332

Community Details

Overview

  • Ocean Pines The Point Subdivision

Amenities

  • Clubhouse
  • Game Room

Recreation

  • Boat Ramp
  • Pier or Dock
  • Marina
  • Golf Course Community
  • Private Beach Club
  • Tennis Courts
  • Community Playground
  • Community Indoor Pool

Security

  • Security Service

Property Details

Property Type

Land

Est. Annual Taxes

$3,227

Lot Details

0

HOA Fees

$89 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: High and Dry,large,elevated lot. No fill dirt required. Backs to open space in rear.Large buildable area(7,193s.f.)(one of the largest in The Point).Lot corners are marked with red flags or call for plat.Located on a cul-de-sac street in area of upscale homes. One of the best buys in The Point.Possible owner financing.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 4.96
  • Street Number Modifier: 508

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap On Site
  • Water Sewer Expenses: 332.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1068.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach Club, Boat Ramp, Club House, Pier/Dock, Game Room, Golf Course, Pool - Indoor, Marina/Marina Club, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Security
  • HOA: Yes

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: Trees/Wooded
  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14102.00
  • Possible Use: Residential
  • Zoning: R-3
  • Zoning Description: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 146332
  • Tax Lot: 81
  • County Tax Payment Frequency: Annually
  • Close Date: 09/18/2013

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2011
Closed on
Sep 18, 2013
Sold by
R F Poremski Co Inc
Bought by
Solyak George D and Solyak Theresa I
Seller's Agent
Bob Poremski
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Mary Bradford
Taylor Properties
List Price
$148,800
Sold Price
$65,000
Premium/Discount to List
-$83,800
-56.32%
Current Estimated Value
$538,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,582
Avg. Annual Appreciation
19.07%

Purchase Details

Closed on
Jun 2, 2006
Sold by
Ray Christopher W
Bought by
R F Poremski Company Inc

Purchase Details

Closed on
Nov 8, 2005
Sold by
R F Poremski Company Inc
Bought by
Ray Christopher W and Ray Jacqueline K
Source: Public Records

Range of Values:

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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
Solyak George D $65,000 Title Resources Guaranty Co
R F Poremski Company Inc -- --
Ray Christopher W $616,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ray Christopher W --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2013 09/18/13 Sold $65,000 -56.3% --
09/05/2013 09/05/13 Pending -- -- --
09/21/2011 09/21/11 For Sale $148,800 -- --
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 $3,227 $417,767 $0 $0
2024 $3,226 $400,700 $122,700 $278,000
2023 $3,106 $367,900 $0 $0
2022 $2,990 $335,100 $0 $0
2021 $2,893 $302,300 $67,700 $234,600
2020 $2,815 $294,167 $0 $0
2019 $2,737 $286,033 $0 $0
2018 $2,584 $277,900 $72,700 $205,200
2017 $2,584 $272,900 $0 $0
2016 -- $48,700 $0 $0
2015 -- $43,700 $0 $0
2014 $1,108 $43,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Bob Poremski

    Berkshire Hathaway HomeServices PenFed Realty - OP

    Section Image
  • Mary Bradford

    Buyer's Agent in 2013

    Mary Bradford

    Taylor Properties

    (443) 497-4206

    2 in this area

    16 Total Sales

    Mary Bradford
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000860738

Bright MLS

APN: 03-146332

Maryland Worcester County Ocean Pines 21811

508 Tidewater Cove, Ocean Pines, MD

This home is located at 508 Tidewater Cove, Ocean Pines, MD 21811 since 21 September 2011 and is currently estimated at $537,331. 508 Tidewater Cove is a home located in Worcester County with nearby schools including Showell Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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