NOT LISTED FOR SALE

6 7th St Unit 501 Ocean City, MD 21842

Estimated Value: $1,438,000 - $1,582,000

4 Beds
4 Baths
2,524 Sq Ft
$597/Sq Ft Est. Value

About This Home

This home is located at 6 7th St Unit 501, Ocean City, MD 21842 and is currently estimated at $1,507,182, approximately $597 per square foot. 6 7th St Unit 501 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
Jul 12, 2014
Sold by
Porter Donna Lynn and Zechner Scott
Bought by
Scheffey Joseph and Scheffey Nancy Lee
Current Estimated Value
$1,507,182

Purchase Details

Closed on
Jan 24, 2012
Sold by
Sipes Dennis E and Rivera Sipes Nancy
Bought by
Zechner Residence Trust

Purchase Details

Closed on
Jun 7, 2006
Sold by
May Development Llc
Bought by
Sipes Dennis E and Nancy River

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,600
Interest Rate
6.62%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 2, 2006
Sold by
May Development Llc
Bought by
Sipes Dennis E and Nancy River

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,600
Interest Rate
6.62%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Scheffey Joseph $973,980 None Available
Zechner Residence Trust $725,000 None Available
Sipes Dennis E $1,899,900 --
Sipes Dennis E $1,899,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sipes Dennis E $310,600
Previous Owner Sipes Dennis E $1,329,300
Previous Owner Sipes Dennis E $1,329,300
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 $16,290 $1,192,967 $0 $0
2024 $15,050 $1,078,533 $0 $0
2023 $13,549 $964,100 $674,800 $289,300
2022 $13,549 $964,100 $674,800 $289,300
2021 $13,624 $964,100 $674,800 $289,300
2020 $13,496 $964,100 $674,800 $289,300
2019 $13,536 $951,500 $0 $0
2018 $13,224 $938,900 $0 $0
2017 $13,151 $926,300 $0 $0
2016 -- $926,300 $0 $0
2015 $17,416 $926,300 $0 $0
2014 $17,416 $1,002,000 $0 $0
Source: Public Records

Map

Maryland Worcester County Ocean City 21842

6 7th St Unit 501, Ocean City, MD

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