NOT LISTED FOR SALE

705 Kelly Rd Ocean City, MD 21842

Estimated Value: $613,944 - $757,000

4 Beds
2.5 Baths
1,820 Sq Ft
$363/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $520,000 $286 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,008/month

4 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • Cape Cod Architecture
  • Traditional Floor Plan
  • Ocean City Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of September 2021

Hard to find perfect beach house or year round detached home in sought after Caine Woods with a main level owners suite! This North Ocean City location offers a quiet neighborhood setting with nearby parks and is walking distance to the beach and the bay. Located just 3 blocks from the DE state line providing easy access to Fenwick State Park as well as all the amenities of Ocean City and is walking distance to several restaurants including Harpoon Hanna's, Papa Grandes and Catch 54. This beautiful home is approximately 1,950 square feet and includes four large bedrooms and 2 1/2 baths plus an outdoor shower (a must when you are at the beach). The open floor plan welcomes entertaining in the large kitchen with island adjacent to dining room and great room. The light and bright large great room (14’x24’) features a wood burning fireplace, TV mount above the mantle and French doors leading to the deck and patio .Escape to the beautiful rear patio (15’x 28’) with lush landscaping and a 6’ privacy fence. A custom pergola offers shade throughout the day and, with the landscape lighting and rope lighting overhead, the patio is a true oasis at night. The 8’x8’ shed completes the backyard and offers plenty of space for all your beach cruisers and beach chairs. Also on the main level is the owners suite bedroom with private bathroom as well as a second bedroom and half bath. Upstairs you will find two large bedrooms (18’x12’) plus another full bathroom. There is also a laundry closet with full size, front load, washer and dryer. A generously sized linen closet completes the second floor. There have been many upgrades in the home including a new high-end Bosch heat pump in 2020 and new wood floors and 1st floor paint in early 2021. The home was fully renovated in 2006 which included a new kitchen with granite counters and stainless steel appliances, renovated bathrooms, a new roof with 30 year architectural shingles, new siding, Trex decking on patio and new paint throughout. The house has been meticulously cared for and is move-in ready.

Last Agent to Sell the Property

Troyce Gatewood

Real Broker, LLC - Frederick Listed on: 08/18/2021

Last Buyer's Agent

Troyce Gatewood

Real Broker, LLC - Frederick Listed on: 08/18/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,009

Year Built

  • Built in 1989

Lot Details

  • 4,500 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot
  • Zoning described as Residential, Rural

Home Design

  • Cape Cod Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Composite Building Materials

Interior Spaces

  • 1,820 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Shed

Location

  • Flood Risk

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Programmable Thermostat
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Caine Woods Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 10-187737

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,009

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-08-18
  • Federal Flood Zone: Yes
  • Year Built: 1989
  • Automatically Close On Close Date: No
  • Remarks Public: Hard to find perfect beach house or year round detached home in sought after Caine Woods with a main level owners suite! This North Ocean City location offers a quiet neighborhood setting with nearby parks and is walking distance to the beach and the bay. Located just 3 blocks from the DE state line providing easy access to Fenwick State Park as well as all the amenities of Ocean City and is walking distance to several restaurants including Harpoon Hanna's, Papa Grandes and Catch 54. This beautiful home is approximately 1,950 square feet and includes four large bedrooms and 2 1/2 baths plus an outdoor shower (a must when you are at the beach). The open floor plan welcomes entertaining in the large kitchen with island adjacent to dining room and great room. The light and bright large great room (14’x24’) features a wood burning fireplace, TV mount above the mantle and French doors leading to the deck and patio .Escape to the beautiful rear patio (15’x 28’) with lush landscaping and a 6’ privacy fence. A custom pergola offers shade throughout the day and, with the landscape lighting and rope lighting overhead, the patio is a true oasis at night. The 8’x8’ shed completes the backyard and offers plenty of space for all your beach cruisers and beach chairs. Also on the main level is the owners suite bedroom with private bathroom as well as a second bedroom and half bath. Upstairs you will find two large bedrooms (18’x12’) plus another full bathroom. There is also a laundry closet with full size, front load, washer and dryer. A generously sized linen closet completes the second floor. There have been many upgrades in the home including a new high-end Bosch heat pump in 2020 and new wood floors and 1st floor paint in early 2021. The home was fully renovated in 2006 which included a new kitchen with granite counters and stainless steel appliances, renovated bathrooms, a new roof with 30 year architectural shingles, new siding, Trex decking on patio and new paint throughout. The house has been meticulously cared for and is move-in ready.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Traditional, Breakfast Area, Carpet, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops, Wood Floors, Entry Level Bedroom
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1820
  • Living Area Sq Ft: 1820
  • Price Per Sq Ft: 280.22
  • Above Grade Finished Sq Ft: 1820
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 705

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding, Composition
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s), Programmable Thermostat
  • Monthly Average Electric: 225
  • Previous Twelve Months Electric Expense: 2700.00
  • Heating Fuel: Central, Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Monthly Water Average: 25
  • Water Previous Twelve Months: 300.00
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: 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
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Partially, Rear
  • Land Use Code: 011
  • Lot Features: Level
  • Lot Size Acres: 0.10
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4500.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2021
  • Zoning: R-1
  • Zoning Description: Residential, Rural
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5412657
  • Tax Annual Amount: 4009.00
  • Assessor Parcel Number: 10-187737
  • Tax Lot: 3
  • Tax Total Finished Sq Ft: 1820
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/27/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Sep 24, 2021
Sold by
Bauer Keith and Bauer Tressa
Bought by
Rierson Jeffrey A and Rierson Lisa D
Seller's Agent
Troyce Gatewood
Real Broker, LLC - Frederick
Buyer's Agent
Troyce Gatewood
Real Broker, LLC - Frederick
List Price
$510,000
Sold Price
$520,000
Premium/Discount to List
$10,000
1.96%
Current Estimated Value
$660,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,736
Avg. Annual Appreciation
6.28%
Original Mortgage
$468,000
Outstanding Balance
$427,697
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$233,039

Purchase Details

Closed on
Oct 31, 2006
Sold by
Maurhoff Matthew R and Maurhoff Frederick
Bought by
Bauer Keith and Bauer Tressa Bauer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2006
Sold by
Maurhoff Matthew R and Maurhoff Frederick
Bought by
Bauer Keith and Bauer Tressa Bauer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 1999
Sold by
Kelly Robert and Kelly Barbara
Bought by
Maurhoff Matthew R and Maurhoff Frederick

Purchase Details

Closed on
Aug 17, 1988
Sold by
Dotterweich Gerard B
Bought by
Kelly Robert and Kelly Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,900
Interest Rate
10.57%
Source: Public Records

Range of Values:

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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
Rierson Jeffrey A $520,000 Sanctuary Title
Bauer Keith $350,000 --
Bauer Keith $350,000 --
Maurhoff Matthew R $139,500 --
Kelly Robert $39,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rierson Jeffrey A $468,000
Previous Owner Bauer Keith $280,000
Previous Owner Bauer Keith $280,000
Previous Owner Kelly Robert $33,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $520,000 +2.0% $286 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $510,000 -- $280 / Sq Ft
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 $4,985 $423,267 $0 $0
2024 $4,985 $357,233 $0 $0
2023 $4,092 $291,200 $142,700 $148,500
2022 $3,988 $283,733 $0 $0
2021 $3,904 $276,267 $0 $0
2020 $3,813 $268,800 $142,700 $126,100
2019 $3,824 $268,800 $142,700 $126,100
2018 $3,786 $268,800 $142,700 $126,100
2017 $3,841 $279,100 $0 $0
2016 -- $270,533 $0 $0
2015 $3,689 $261,967 $0 $0
2014 $3,689 $253,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Troyce Gatewood

    Seller's Agent in 2021

    Troyce Gatewood

    Real Broker, LLC - Frederick

    (301) 329-6193

    2 in this area

    1,053 Total Sales

    Troyce Gatewood
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO2001654

Bright MLS

APN: 10-187737

Maryland Worcester County Ocean City 21842

705 Kelly Rd, Ocean City, MD

This home is located at 705 Kelly Rd, Ocean City, MD 21842 since 18 August 2021 and is currently estimated at $660,736, approximately $363 per square foot. This property was built in 1989. 705 Kelly Rd is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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