NOT LISTED FOR SALE

517 Harbour Dr Ocean City, MD 21842

Estimated Value: $754,000 - $1,124,611

0.08 Acre
$12,355,038 Price per Acre
3,610 Sq Ft Lot

Last Sold September 05, 2014

Last sale price $320,000

Est. 209% increase in value since last sale

Current estimated payment $6,024/month

Highlights

  • Home fronts navigable water
  • Water Access
  • Community Pool
  • Ocean City Elementary School Rated A
  • Bay View
  • Tennis Courts

About This Lot

As of September 2014

One of the last buildable vacant bayfront lots in Ocean City, MD. This lot is located in the Montego Bay community in N. Ocean City. The lot is zoned for mobile, modular and stick-built (custom-built construction)-up to 1.5 stories. The community features 2 adult pools, 1 kiddie pool, 2 tennis cts., 2 shuffleboard cts., a 9-hole miniature golf course, a bayfront boardwalk with 3 fishing piers, an 8 acre wildlife sanctuary with a 1/2 mile paved walking path and a 5 acre open park. Additional amenities include city streets, city sidewalks, city water & sewer and city trash collection. The homeowners association fee is just $199 a year. Montego Bay is one of the nicest and quietest communities in Ocean City. It is located near the beach, restaurants, a shopping center and the Northside Park.

Last Agent to Sell the Property

Michael Grimes

(410) 251-6821 montegomike@verizon.net Montego Bay Realty License #90378 Listed on: 02/12/2014

Last Buyer's Agent

Michael Grimes

(410) 251-6821 montegomike@verizon.net Montego Bay Realty License #90378 Listed on: 02/12/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,701

Lot Details

  • 3,610 Sq Ft Lot
  • Lot Dimensions are 40' x 90'
  • Home fronts navigable water
  • Cleared Lot
  • Property is zoned MH-1

HOA Fees

  • $17 Monthly HOA Fees

Schools

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

Utilities

  • Water Service Lateral Not Installed
  • Lateral or Tap Off Main
  • Municipal Trash

Additional Features

  • Bay Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 1566B
  • Assessor Parcel Number 303893

Community Details

Recreation

  • Tennis Courts
  • Community Pool
  • Water Access
  • Property near a bay
  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$9,701

Lot Details

0

HOA Fees

$17 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
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 96.68

Exterior Features

  • Construction Completed: No
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Water Frontage Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap Off Main
  • Water Sewer Expenses: 141.60
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 199.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • HOA: Yes

Schools

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

Lot Info

  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 0.08
  • Lot Dimensions: 40' x 90'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3610.00
  • Possible Use: Residential
  • Zoning: MH-1
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5422913
  • Assessor Parcel Number: 303893
  • Tax Lot: 1566B
  • County Tax Payment Frequency: Annually

Multi Family

  • Federal Flood Zone: A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2014
Closed on
Sep 4, 2014
Sold by
Barnes Robert R and Barnes Jacqueline C
Bought by
Giordano Daniel C and Giordano Lara L
Seller's Agent
Michael Grimes
Montego Bay Realty
Buyer's Agent
Michael Grimes
Montego Bay Realty
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%
Current Estimated Value
$988,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,403
Avg. Annual Appreciation
10.64%

Purchase Details

Closed on
Aug 3, 2009
Sold by
Bosies Mildred T
Bought by
Barnes Robert R and Barnes Jacqueline C

Purchase Details

Closed on
Jul 2, 1987
Sold by
Ocean Development Corp
Bought by
Bosies Mildred T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
10.35%
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
Giordano Daniel C $320,000 None Available
Barnes Robert R $299,000 --
Bosies Mildred T $57,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bosies Mildred T $20,000
Closed Barnes Robert R --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2014 09/05/14 Sold $320,000 -8.6% --
07/14/2014 07/14/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $350,000 -- --
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 $9,701 $710,400 $0 $0
2024 $8,695 $623,100 $0 $0
2023 $7,530 $535,800 $287,000 $248,800
2022 $7,420 $527,967 $0 $0
2021 $7,350 $520,133 $0 $0
2020 $7,238 $512,300 $287,000 $225,300
2019 $7,288 $512,300 $287,000 $225,300
2018 $7,215 $512,300 $287,000 $225,300
2017 $7,594 $537,600 $0 $0
2016 -- $523,600 $0 $0
2015 $4,200 $282,000 $0 $0
2014 $4,200 $268,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Grimes

    Seller's Agent in 2014

    Michael Grimes

    Montego Bay Realty

    (410) 251-6821

    29 in this area

    31 Total Sales

    Michael Grimes
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Map

Source: Bright MLS

MLS Number: 1000861848

Bright MLS

APN: 10-303893

Maryland Worcester County Ocean City 21842

517 Harbour Dr, Ocean City, MD

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