NOT LISTED FOR SALE

735 Laurel Ave Ocean City, MD 21842

Estimated Value: $809,000 - $1,082,000

3 Beds
2 Baths
1,404 Sq Ft
$669/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $655,000 $467 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,565/month

4 Days on Market

Highlights

  • 1 Dock Slip
  • Pier
  • Fishing Allowed
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Bay View

About This Home

As of January 2021

Direct Waterfront Home facing south over the bay! Fantastic Sunsets! Mesmerizing wildlife activity! Easy access to bay and north bay areas! Private pier! Large bay front deck and great water views from the living and dining rooms! This 2 level family home features 3 Bedrooms ( 2 on the 1st floor), 2 Full baths and a den. The entire living area is bright and open with a vaulted ceiling, 2 full glass sliders and bay front window. There is a wood burning fireplace to help set the fall and winter ambiance. The exterior is vinyl siding and the roof was replaced in the past 12 months. This has been the summer home to just one family and now it is time for you to enjoy this property as much as they have! But don't wait because it will not last long on today's market so if you are interested contact us today! (Professional pictures to be added. Property to convey "As Is")

Last Agent to Sell the Property

Katy Durham

(443) 856-2211 kdurham@cbmove.com Coldwell Banker Realty Listed on: 11/20/2020

Coldwell Banker Realty

Co-Listed By

Katy Durham and Rick Meehan

(443) 856-2211 rmeehan@cbmove.com Coldwell Banker Realty

Last Buyer's Agent

Fred Wetzelberger, II

(410) 250-1111 fred@paradiseoc.com Paradise Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,879

Year Built

  • Built in 1978

Lot Details

  • 7,218 Sq Ft Lot
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Cleared Lot
  • Back Yard
  • Property is in good condition

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,404 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Paneling
  • Beamed Ceilings
  • Vaulted Ceiling
  • Fireplace With Glass Doors
  • Insulated Windows
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Bay Views
  • Crawl Space

Kitchen

  • Stove
  • Cooktop
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub with Shower

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Private Parking
  • On-Street Parking

Outdoor Features

  • Outdoor Shower
  • Pier
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Rip-Rap
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Shed

Location

  • Flood Risk

Schools

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

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 10-187370

Community Details

Overview

  • No Home Owners Association
  • Caine Woods Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,879

Year Built

Built in 1978

Lot Details

7,218 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Exclusions: Personal items- list
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 11/20/2020 12:00:00 AM
  • Federal Flood Zone: Yes
  • Year Built: 1978
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Refrigerator, Surface Unit, Stove, Water Heater, Dryer - Electric, Washer
  • Flooring Type: Vinyl, Carpet
  • Interior Amenities: Carpet, Combination Kitchen/Dining, Entry Level Bedroom, Exposed Beams, Floor Plan - Open, Kitchen - Island, Pantry, Bathroom - Tub Shower, Window Treatments
  • Window Features: Insulated
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Paneled Walls, Vaulted Ceilings
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1404
  • Living Area Sq Ft: 1404
  • Price Per Sq Ft: 462.89
  • Above Grade Finished Sq Ft: 1404
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Block, Stick Built, Vinyl Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Spa: No
  • View: Bay
  • Water Access Features: Private Access, Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC)
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Phone Available, Electric Available, Cable Tv 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

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Cleared, Rear Yard, Rip-Rapped
  • Lot Size Acres: 0.17
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7218.00
  • Property Condition: Good
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 6879.00
  • Assessor Parcel Number: 10-187370
  • Tax Lot: 33
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Rip-Rap, Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Jan 8, 2021
Sold by
Peck Patricia C and Linder Vanita P
Bought by
Palacorolla Kevin and Palacorolla Diane P
Seller's Agent
Katy Durham
Coldwell Banker Realty
Buyer's Agent
Fred Wetzelberger, II
Paradise Realty
List Price
$649,900
Sold Price
$655,000
Premium/Discount to List
$5,100
0.78%
Current Estimated Value
$939,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,550
Avg. Annual Appreciation
7.20%
Original Mortgage
$524,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2014
Sold by
Spragins Robyn P and Spragins Samuel H
Bought by
Spragins Robyn P

Purchase Details

Closed on
Aug 21, 2014
Sold by
Peck Peter Carroll and Peck Meghan Carroll
Bought by
Peck Peter Carroll

Purchase Details

Closed on
Aug 20, 2014
Sold by
Peck Glenn Collins and Peck Susan L
Bought by
Peck Glenn Collins

Purchase Details

Closed on
Aug 18, 2014
Sold by
Linder Vanita P and Linder Richard E
Bought by
Linder Vanita P

Purchase Details

Closed on
Dec 7, 1998
Sold by
Peck Glenn C
Bought by
Peck Patricia C and For Life
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palacorolla Kevin $655,000 Lakeside Title Company
Spragins Robyn P -- None Available
Peck Peter Carroll -- Attorney
Peck Glenn Collins -- None Available
Linder Vanita P -- Attorney
Peck Patricia C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palacorolla Kevin $524,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2021 01/08/21 Sold $655,000 +0.8% $467 / Sq Ft
11/20/2020 11/20/20 For Sale $649,900 -- $463 / Sq Ft
Source: Bright MLS

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 $8,113 $594,133 $0 $0
2024 $7,652 $548,367 $0 $0
2023 $7,063 $502,600 $396,200 $106,400
2022 $6,990 $497,367 $0 $0
2021 $6,954 $492,133 $0 $0
2020 $6,879 $486,900 $396,200 $90,700
2019 $6,897 $484,833 $0 $0
2018 $6,799 $482,767 $0 $0
2017 $6,660 $480,700 $0 $0
2016 $6,650 $469,100 $0 $0
2015 $6,650 $457,500 $0 $0
2014 $6,650 $445,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO118526

Bright MLS

APN: 10-187370

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