NOT LISTED FOR SALE

705 Laurel Ave Ocean City, MD 21842

Estimated Value: $778,000 - $1,309,000

4 Beds
4 Baths
3,072 Sq Ft
$373/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $655,000 $213 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $6,753/month

Highlights

  • Primary bedroom faces the bay
  • 1 Dock Slip
  • Access to Tidal Water
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Second Kitchen

About This Home

As of July 2019

Motivated Sellers are Relocating. Unique Waterfront Home, Pool, Canal Front, Bay Views, Dock. This Three Level Upside Down Home with Upper Level Great Room, Dining and Kitchen and Bath. Second Level has Master Bedroom with Private Bath, Two Additional Bedrooms and a Bath. Lower Level In-Law Suite with full Kitchen and Bath, Balcony or Deck on each level. Major improvements of over $200,000 in the last few years, decks, siding, windows, HVAC, just to name a few.

Last Agent to Sell the Property

Mike Higgins

(410) 524-6111 mhiggins@cbmove.com Coldwell Banker Realty Listed on: 04/19/2019

Coldwell Banker Realty

Last Buyer's Agent

Sandy Dougan

(410) 726-6557 sdouganrealtor@yahoo.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS0024742

Berkshire Hathaway HomeServices PenFed Realty - OP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,629

Year Built

  • Built in 1981

Lot Details

  • 6,250 Sq Ft Lot
  • Home fronts navigable water
  • Home fronts a canal
  • North Facing Home
  • Vinyl Fence

Property Views

  • Bay
  • Canal

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Vinyl Siding

Interior Spaces

  • 3,072 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Partially Furnished
  • 1 Fireplace
  • Combination Dining and Living Room

Kitchen

  • Second Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Bathroom

Laundry

  • Electric Front Loading Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property is near a canal
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Dock Against Bulkhead
  • Multiple Balconies
  • Enclosed Patio or Porch
  • Outdoor Storage

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Vented Exhaust Fan
  • 120/240V
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Caine Woods Subdivision

Listing and Financial Details

  • Tax Lot 55B
  • Assessor Parcel Number 10-187710

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,629

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Exclusions: All items in Closets, pool furniture, miscellaneous items in great room which will be identified by sellers
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1981
  • Remarks Public: Motivated Sellers are Relocating. Unique Waterfront Home, Pool, Canal Front, Bay Views, Dock. This Three Level Upside Down Home with Upper Level Great Room, Dining and Kitchen and Bath. Second Level has Master Bedroom with Private Bath, Two Additional Bedrooms and a Bath. Lower Level In-Law Suite with full Kitchen and Bath, Balcony or Deck on each level. Major improvements of over $200,000 in the last few years, decks, siding, windows, HVAC, just to name a few.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Exhaust Fan, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: 2nd Kitchen, Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Bay Front
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 3
  • Levels Count: 3+
  • Basement: No
  • Total Sq Ft: 3072
  • Living Area Sq Ft: 3072
  • Price Per Sq Ft: 226.24
  • Above Grade Finished Sq Ft: 3072
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 705

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outside Shower, Secure Storage
  • Pool Features: In Ground
  • Spa: No
  • View: Canal, Bay
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 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

Lot Info

  • Additional Parcels: No
  • Fencing: Vinyl
  • Land Use Code: 011
  • Lot Size Acres: 0.14
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6250.00
  • Outdoor Living Structures: Balconies- Multiple, Enclosed, Patio(s)
  • Year Assessed: 2019
  • Zoning: R-1
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5412656
  • Tax Annual Amount: 7629.00
  • Assessor Parcel Number: 10-187710
  • Tax Lot: 55B
  • Tax Total Finished Sq Ft: 3072
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 07/26/2019

Multi Family

  • Federal Flood Zone: X
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2024
Sold by
Brooks Kelly Elizabeth
Bought by
Brooks Living Trust and Brooks
Current Estimated Value
$1,145,757

Purchase Details

Listed on
Apr 19, 2019
Closed on
Jul 26, 2019
Sold by
Ramosand Rodriguez Michael and Ramosand Gregory Ramos Jennifer
Bought by
Brooks Kelly Elizabeth
Seller's Agent
Mike Higgins
Coldwell Banker Realty
Buyer's Agent
Sandy Dougan
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$725,000
Sold Price
$655,000
Premium/Discount to List
-$70,000
-9.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$484,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2012
Sold by
Grempler Mary Bell
Bought by
Rodriguez Michael and Ramos Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2009
Sold by
Bell Grempler Mary and Bell Donald R
Bought by
Bell Grempler Mary

Purchase Details

Closed on
Jul 25, 2002
Sold by
Simmons Robert L
Bought by
Bell Grempler Mary and Grempler Trustee Of D G Trust
Source: Public Records

Range of Values:

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Average Value
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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
Brooks Living Trust -- None Listed On Document
Brooks Living Trust -- None Listed On Document
Brooks Kelly Elizabeth $655,000 Capitol Title Group
Rodriguez Michael $470,000 Title Resources Guaranty Com
Bell Grempler Mary -- --
Bell Grempler Mary $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Kelly Elizabeth $484,000
Previous Owner Rodriguez Michael $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2019 07/26/19 Sold $655,000 -5.8% $213 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
05/09/2019 05/09/19 Price Changed $695,000 -4.1% $226 / Sq Ft
04/19/2019 04/19/19 For Sale $725,000 -- $236 / 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 $8,926 $743,200 $0 $0
2024 $9,519 $682,200 $0 $0
2023 $8,730 $621,200 $302,600 $318,600
2022 $8,332 $592,900 $0 $0
2021 $7,978 $564,600 $0 $0
2020 $7,577 $536,300 $302,600 $233,700
2019 $7,549 $530,667 $0 $0
2018 $7,395 $525,033 $0 $0
2017 $7,337 $519,400 $0 $0
2016 -- $516,800 $0 $0
2015 $6,602 $514,200 $0 $0
2014 $6,602 $511,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO105534

Bright MLS

APN: 10-187710