NOT LISTED FOR SALE

701 Laurel Ave Ocean City, MD 21842

Estimated Value: $855,000 - $1,346,000

0.24 Acre
$4,761,362 Price per Acre
10,450 Sq Ft Lot

Last Sold June 29, 2018

Last sale price $285,000

Est. 301% increase in value since last sale

Current estimated payment $6,947/month

Highlights

  • Home fronts navigable water
  • Water Access
  • Canal View
  • Ocean City Elementary School Rated A
  • 0.24 Acre Lot
  • No HOA

About This Lot

As of June 2018

Waterfront lot available in Caine Woods, perfect location with easy access to the bay by boat. Build your beach dream home on this incredible site!Two adjoining lots, get both lots and expand your building window views!

Last Agent to Sell the Property

Tracy Zell

(410) 924-2857 tracyzell1@gmail.com Long & Foster Real Estate, Inc. License #RS-0024961 Listed on: 06/05/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Darryl Greer

(410) 213-7721 dgreer@resorthousing.com Resort Homes Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,788

Lot Details

  • 10,450 Sq Ft Lot
  • Lot Dimensions are 131x18x15x105x25x50x40x39
  • Home fronts navigable water
  • Cleared Lot
  • Property is zoned R1, R1

Schools

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

Utilities

  • Water Service Lateral Not Installed
  • Public Hookup Available For Sewer

Additional Features

  • Canal Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 187567

Community Details

Overview

  • No Home Owners Association
  • Caine Woods Subdivision

Recreation

  • Water Access
  • Property is near a canal
  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$3,788

Lot Details

0

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
  • Remarks Public: Waterfront lot available in Caine Woods, perfect location with easy access to the bay by boat. Build your beach dream home on this incredible site!Two adjoining lots, get both lots and expand your building window views!
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 28.61
  • Street Number Modifier: 701

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Additional Parcels: No
  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 0.24
  • Lot Dimensions: 131x18x15x105x25x50x40x39
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10450.00
  • 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: 5412642
  • Tax Annual Amount: 3788.00
  • Assessor Parcel Number: 187567
  • Tax Lot: 16
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 06/29/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2018
Closed on
Jun 29, 2018
Sold by
Leonard Edna Mae
Bought by
Gorczyk Bryan
Seller's Agent
Tracy Zell
Long & Foster Real Estate, Inc.
Buyer's Agent
Darryl Greer
Resort Homes Real Estate Group
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%
Current Estimated Value
$1,142,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$857,727
Avg. Annual Appreciation
20.83%

Purchase Details

Closed on
Dec 28, 1981
Sold by
Renfrow Marsha
Bought by
Dotterweich Gerald
Source: Public Records

Range of Values:

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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
Gorczyk Bryan $285,000 Ocean Investments Title Corp
Dotterweich Gerald $55,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $285,000 -4.7% --
06/11/2018 06/11/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $299,000 -- --
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 $11,453 $838,733 $0 $0
2024 $10,310 $738,867 $0 $0
2023 $4,115 $292,800 $292,800 $0
2022 $4,115 $292,800 $292,800 $0
2021 $4,138 $292,800 $292,800 $0
2020 $4,137 $292,800 $292,800 $0
2019 $4,127 $290,133 $0 $0
2018 $4,049 $287,467 $0 $0
2017 $4,043 $284,800 $0 $0
2016 -- $284,800 $0 $0
2015 $3,706 $284,800 $0 $0
2014 $3,706 $284,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001783956

Bright MLS

APN: 10-187567