NOT LISTED FOR SALE

728 Gulf Stream Dr Ocean City, MD 21842

Estimated Value: $677,000 - $712,878

3 Beds
2 Baths
1,344 Sq Ft
$518/Sq Ft Est. Value

Last Sold November 09, 2018

Last sale price $475,000 $353 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,310/month

Highlights

  • 1 Dock Slip
  • Pier
  • Canal View
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Deck

About This Home

As of November 2018

This well maintained 3BR/2BA waterfront home is located in the Montego Bay in N. Ocean City. The house is situated on one of the deepest/widest canals in O.C. & is approx. 300' from the open bay. Features include a huge waterfront deck, a vinyl bulkhead, a 40' dock, a 35' pier with 2 electric boat lifts, a newer roof (11/13), newer vinyl siding (11/13), an open floorplan, newer carpet, tile flooring, a breakfast bar, a laundry room, an attic for storage, crown & baseboard moldings, Andersen windows & a custom painted interior. Outside there is a large storage shed and a 2-car parking pad. Community amenities include pools, tennis, shuffleboard, a 9-hole min. golf course, a bayfront boardwalk, an 8-acre wildlife sanctuary/pond & a 5' acre open park. HOA dues are just $247.50 year.

Last Agent to Sell the Property

Michael Grimes

(410) 251-6821 montegomike@verizon.net Montego Bay Realty License #90378 Listed on: 09/16/2017

Last Buyer's Agent

Bill Rothstein

(443) 280-2530 montegobayrealty@aol.com Montego Bay Realty License #636931

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,396

Year Built

  • Built in 1992

Lot Details

  • 3,600 Sq Ft Lot
  • Home fronts navigable water
  • Cleared Lot
  • Property is zoned MH DISTRICT

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding
  • Modular or Manufactured Materials

Interior Spaces

  • 1,344 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished
  • Crown Molding
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Canal Views
  • Crawl Space
  • Storage In Attic
  • Storm Doors

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Pier
  • Water Access
  • Property is near a canal
  • Bulkhead
  • Electric Hoist or Boat Lift
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Deck
  • Storage Shed

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • 120/240V
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Listing and Financial Details

  • Tax Lot 60
  • Assessor Parcel Number 318262

Community Details

Overview

  • Association fees include common area maintenance
  • Montego Bay Civic Association, Phone Number (410) 250-3080
  • Montego Bay Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,396

Year Built

Built in 1992

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Crown Moldings, Window Treatments
  • Window Features: Insulated, Screens
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1344
  • Living Area Sq Ft: 1344
  • Price Per Sq Ft: 371.28
  • Above Grade Finished Sq Ft: 1344
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame, Vinyl Siding, Modular/Manufactured
  • Exterior Features: Outside Shower
  • Roof: Asphalt
  • View: Canal, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 434.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 247.50
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA Name: MONTEGO BAY CIVIC ASSOCIATION
  • HOA Phone: 410.250.3080
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: 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

  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 0.08
  • Lot Dimensions: 40' x 90 +/-
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3600.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: MH DISTRICT
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5424195
  • Tax Annual Amount: 5396.13
  • Assessor Parcel Number: 318262
  • Tax Lot: 60
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2017
Closed on
Nov 9, 2018
Sold by
Martin Brian D and Martin Denise L
Bought by
Brolly Matthew J and Brolly Christina M
Seller's Agent
Michael Grimes
Montego Bay Realty
Buyer's Agent
Bill Rothstein
Montego Bay Realty
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Current Estimated Value
$695,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,720
Avg. Annual Appreciation
5.63%
Original Mortgage
$380,000
Outstanding Balance
$333,450
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$362,270

Purchase Details

Closed on
Jul 15, 2011
Sold by
Martin Dennis W and Martin Carolyn W
Bought by
Martin Brian D and Martin Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2001
Sold by
Martin Dennis W and Martin Carolyn W
Bought by
Martin Dennis W and Martin Carolyn W

Purchase Details

Closed on
Dec 15, 1998
Sold by
Coyne Ronald H and Coyne Nancy G
Bought by
Martin Dennis W and Martin Carolyn W
Source: Public Records

Range of Values:

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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
Brolly Matthew J $475,000 Maryland Title Service
Martin Brian D -- Sage Title Group Llc
Martin Dennis W -- --
Martin Dennis W $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brolly Matthew J $380,000
Previous Owner Martin Brian D $225,000
Closed Martin Dennis W --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2018 11/09/18 Sold $475,000 -4.8% $353 / Sq Ft
07/21/2018 07/21/18 For Sale $499,000 0.0% $371 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
04/25/2018 04/25/18 Price Changed $499,000 -4.0% $371 / Sq Ft
09/20/2017 09/20/17 For Sale $520,000 -- $387 / 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 $7,543 $552,367 $0 $0
2024 $6,694 $479,733 $0 $0
2023 $5,721 $407,100 $232,000 $175,100
2022 $5,394 $383,800 $0 $0
2021 $5,094 $360,500 $0 $0
2020 $4,764 $337,200 $232,000 $105,200
2019 $4,797 $337,200 $232,000 $105,200
2018 $4,749 $337,200 $232,000 $105,200
2017 $5,298 $382,000 $0 $0
2016 -- $373,167 $0 $0
2015 $5,073 $364,333 $0 $0
2014 $5,073 $355,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Grimes

    Seller's Agent in 2018

    Michael Grimes

    Montego Bay Realty

    (410) 251-6821

    29 in this area

    31 Total Sales

    Michael Grimes
    Section Image

  • B

    Buyer's Agent in 2018

    Bill Rothstein

    Montego Bay Realty

    (443) 280-2530

    92 in this area

    95 Total Sales

    Bill Rothstein
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001559662

Bright MLS

APN: 10-318262

Maryland Worcester County Ocean City 21842

728 Gulf Stream Dr, Ocean City, MD

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