NOT LISTED FOR SALE

515 Seaweed Ln Ocean City, MD 21842

Estimated Value: $347,173 - $447,000

0.1 Acre
$3,945,430 Price per Acre
4,500 Sq Ft Lot

Last Sold September 29, 2018

Last sale price $200,000

Est. 97% increase in value since last sale

Current estimated payment $2,395/month

Highlights

  • 1 Boat Dock
  • Home fronts navigable water
  • Canal View
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • No HOA

About This Lot

As of September 2018

This property is the Lowest priced waterfront lot in Caine Woods and one of the very few left! This bulk headed lot features a boat tie up and easy access to the open bay. The lot faces south and features nice waterfront views. This property is zoned R-1 for single family development. Caine Woods is the largest bayside community in Ocean City and features a mix of year round residents and family vacation homes. The volunteer Community Association is very active and sponsors community picnics at Fiesta Park .

Last Agent to Sell the Property

Katy Durham

(410) 726-2398 kdurham@cbmove.com Coldwell Banker Realty Listed on: 08/22/2018

Coldwell Banker Realty

Co-Listed By

Katy Durham and Rick Meehan

(410) 726-2398 rmeehan@cbmove.com Coldwell Banker Realty

Last Buyer's Agent

Katy Durham

(410) 726-2398 kdurham@cbmove.com Coldwell Banker Realty Listed on: 08/22/2018

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,761

Lot Details

  • 4,500 Sq Ft Lot
  • Home fronts navigable water
  • Home fronts a canal
  • Waterfront bulkhead lot

Schools

  • Ocean City Elementary School
  • Berlin Middle School
  • Stephen Decatur High School

Additional Features

  • Canal Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 9934A
  • Assessor Parcel Number 10-185815

Community Details

Overview

  • No Home Owners Association
  • Caine Woods Subdivision

Recreation

  • Access to Tidal Water
  • Water Access
  • Property is near a canal
  • 1 Boat Dock
  • Dock Against Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$3,761

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 51.09
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Construction Completed: No
  • View: Canal
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Additional Parcels Description: Waterfront bulkhead lot
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4500.00
  • Possible Use: Residential
  • Zoning: R-1
  • Zoning Description: R-1
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5412496
  • Tax Annual Amount: 3761.00
  • Assessor Parcel Number: 10-185815
  • Tax Lot: 9934A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2018
Closed on
Sep 29, 2018
Sold by
Burlin Vetera R and Burlin Elliott Andrea
Bought by
Nixon Robert G and Nixon Joan L
Seller's Agent
Katy Durham
Coldwell Banker Realty
Buyer's Agent
Katy Durham
Coldwell Banker Realty
List Price
$229,900
Sold Price
$200,000
Premium/Discount to List
-$29,900
-13.01%
Current Estimated Value
$394,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,543
Avg. Annual Appreciation
10.07%

Purchase Details

Closed on
May 3, 2018
Sold by
Burlin Vetera and Burlin Vetera R
Bought by
Burlin Vetera R and The Vetera R Burlin Revocable
Source: Public Records

Range of Values:

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Average Value
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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
Nixon Robert G $200,000 Title Resources Guaranty Co
Burlin Vetera R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2018 09/29/18 Sold $200,000 -13.0% --
09/03/2018 09/03/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $229,900 -- --
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 $3,964 $290,267 $0 $0
2024 $3,920 $280,933 $0 $0
2023 $3,817 $271,600 $271,600 $0
2022 $3,817 $271,600 $271,600 $0
2021 $3,838 $271,600 $271,600 $0
2020 $3,837 $271,600 $271,600 $0
2019 $3,826 $268,933 $0 $0
2018 $3,750 $266,267 $0 $0
2017 $3,742 $263,600 $0 $0
2016 -- $263,600 $0 $0
2015 $3,451 $263,600 $0 $0
2014 $3,451 $263,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katy Durham

    Seller's Agent in 2018

    Katy Durham

    Coldwell Banker Realty

    (410) 726-2398

    54 in this area

    66 Total Sales

    Katy Durham
    Section Image
  • Katy Durham and Rick Meehan

    Seller Co-Listing Agent in 2018

    Katy Durham and Rick Meehan

    Coldwell Banker Realty

    (410) 726-2398

    30 in this area

    36 Total Sales

    Katy Durham and Rick Meehan
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002287192

Bright MLS

APN: 10-185815

Maryland Worcester County Ocean City 21842

515 Seaweed Ln, Ocean City, MD

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