NOT LISTED FOR SALE

Estimated Value: $708,000 - $861,000

0.1 Acres
$7,496,607 Price per Acre
4,500 Sq Ft Lot

Sale Details

Date Sold: October 9, 2020

Last sale price $128,500

Est. 503% increase in value since last sale

Current estimated payment $4,707 / mo

2620 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Tennis Courts
  • Ocean City Elementary School Rated A

About This Lot

As of October 2020

This rare and hard to find corner lot is across the street from the water and located in the desirable community of Cain Woods in North Ocean City. The lot is zoned for stick-built or modular home construction of three stories. The community offers three city parks that features tennis courts, and racquetball courts, 2 children's tight lots, picnic area and a pavilion and also there is a nature park. Amenities include city streets, sidewalks, public water and sewer. There is no homeowner Association fee. Bank financing is available with 20% down. Build your dream home now or later.

Last Agent to Sell the Property

Larry Holdren Sr.

(410) 250-2700 ocmdhre@gmail.com Larry Holdren Real Estate Inc License #RB0002180 Listed on: 07/23/2013

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,956

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 50 x 90
  • Corner Lot
  • Cleared Lot
  • Property is zoned R1, R1

Schools

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

Additional Features

  • Flood Risk
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 182646

Community Details

Overview

  • No Home Owners Association
  • Caine Woods HOA
  • Caine Woods Subdivision

Recreation

  • Tennis Courts
  • Community Playground

Property Details

Property Type

Land

Est. Annual Taxes

$1,956

Lot Details

4,500 Sq Ft Lot

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
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 28.64

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: Public Hook/Up Avail
  • Water Sewer Expenses: 139.20
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Tennis Courts, Tot Lots/Playground
  • HOA Name: CAINE WOODS
  • HOA: No

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

  • Additional Parcels: No
  • Lot Features: Cleared, Corner
  • Lot Dimensions: 50 x 90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4500.00
  • Possible Use: Residential
  • Zoning: R1
  • Zoning Description: R1
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5412240
  • Tax Annual Amount: 1956.30
  • Assessor Parcel Number: 182646
  • Tax Lot: 20
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

Multi Family

  • Federal Flood Zone: A

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2013
Closed on
Oct 9, 2020
Sold by
Tiberi Joseph L and Tiberi Linda M
Bought by
Seller's Agent
Larry Holdren Sr.
Larry Holdren Real Estate Inc
Buyer's Agent
Larry Holdren Sr.
Larry Holdren Real Estate Inc
List Price
$139,900
Sold Price
$128,500
Premium/Discount to List
-$11,400
-8.15%
Current Estimated Value
$774,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,943
Avg. Annual Appreciation
35.59%

Purchase Details

Closed on
Jun 24, 1981
Sold by
Miller Charles L
Bought by
Tiberi Joseph I and Tiberi Linda M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean City, MD

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$128,500 None Available
Tiberi Joseph I $18,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Closed Kouroupis Dimitrios S $421,137
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $128,500 -0.3% --
09/25/2020 09/25/20 Pending -- -- --
07/18/2019 07/18/19 Price Changed $128,900 -7.9% --
08/25/2018 08/25/18 For Sale $139,900 +8.9% --
08/11/2018 08/11/18 Off Market $128,500 -- --
12/18/2017 12/18/17 Price Changed $139,900 -26.3% --
07/23/2013 07/23/13 For Sale $189,900 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,161 $588,600 $202,700 $385,900
2025 $7,161 $524,433 $0 $0
2024 $6,422 $460,267 $0 $0
2023 $5,567 $396,100 $142,700 $253,400
2022 $5,495 $391,033 $0 $0
2021 $1,819 $128,700 $128,700 $0
2020 $1,831 $128,700 $128,700 $0
2019 $1,831 $128,700 $128,700 $0
2018 $1,813 $128,700 $128,700 $0
2017 $1,941 $136,700 $0 $0
2016 -- $136,700 $0 $0
2015 $1,833 $136,700 $0 $0
2014 $1,833 $144,700 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1001561404

Bright MLS

APN: 10-182646

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