NOT LISTED FOR SALE

5401 Coastal Hwy Ocean City, MD 21842

Estimated Value: $604,000 - $623,000

-- Bed
3 Baths
1,833 Sq Ft
$333/Sq Ft Est. Value

About This Home

This home is located at 5401 Coastal Hwy, Ocean City, MD 21842 and is currently estimated at $610,171, approximately $332 per square foot. 5401 Coastal Hwy 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
Feb 25, 2025
Sold by
Farri Terri J and Farri William D
Bought by
Thompson Robert J and Thompson Brandi Nicole
Current Estimated Value
$610,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,000
Outstanding Balance
$546,282
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$63,889

Purchase Details

Closed on
Aug 24, 2020
Sold by
Farri Terri J
Bought by
Farri Terri J and Farri William D

Purchase Details

Closed on
Jun 7, 2019
Sold by
Prager Katherine A
Bought by
Farri Terri J

Purchase Details

Closed on
Oct 1, 2012
Sold by
Prager Dean and Prager Katherine
Bought by
Prager Katherine A and Prager Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2006
Sold by
Robert Falasco and Max Nancy
Bought by
Dean Prager and Smithson Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2005
Sold by
Robert Falasco and Max Nancy
Bought by
Dean Prager and Smithson Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2002
Sold by
Greenwood Jeffrey T
Bought by
Falasco Robert and Falasco Nancy

Purchase Details

Closed on
Jun 24, 1998
Sold by
Marchesiello Richard R
Bought by
Greenwood Jeffrey T
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Thompson Robert J $610,000 Buyer'S Title
Thompson Robert J $610,000 Buyer'S Title
Farri Terri J -- Buyers Title Inc
Farri Terri J $342,000 Buyers Title Inc
Prager Katherine A -- None Available
Dean Prager $425,000 --
Dean Prager $425,000 --
Falasco Robert $245,000 --
Greenwood Jeffrey T $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Robert J $549,000
Closed Thompson Robert J $549,000
Previous Owner Prager Katherine A $352,000
Previous Owner Dean Prager $340,000
Previous Owner Dean Prager $340,000
Closed Greenwood Jeffrey T --
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 $5,584 $461,300 $0 $0
2024 $5,584 $400,200 $0 $0
2023 $4,766 $339,100 $169,500 $169,600
2022 $4,594 $326,867 $0 $0
2021 $4,446 $314,633 $0 $0
2020 $4,273 $302,400 $151,200 $151,200
2019 $3,954 $277,967 $0 $0
2018 $3,571 $253,533 $0 $0
2017 $3,253 $229,100 $0 $0
2016 -- $229,100 $0 $0
2015 $3,739 $229,100 $0 $0
2014 $3,739 $241,900 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842

5401 Coastal Hwy, Ocean City, MD

This home is located at 5401 Coastal Hwy, Ocean City, MD 21842 and is currently estimated at $610,171, approximately $332 per square foot. 5401 Coastal Hwy is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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