Seller's Agent in 2020
Sandy Dougan
Berkshire Hathaway HomeServices PenFed Realty - OP
(410) 726-6557
47 in this area
134 Total Sales
77 Seafarer Ln Berlin, MD 21811
Estimated Value: $338,027 - $375,000
2
Beds
1.5
Baths
1,452
Sq Ft
$244/Sq Ft
Est. Value
Highlights
- Marina
- Boat Ramp
- Private Beach Club
- Showell Elementary School Rated A-
- Golf Club
- Transportation Service
About This Home
As of October 2020ATTENTION REAL ESTATE INVESTORS. Do you want a vacation property that will pay you a 10% return? This A-frame is a must-see.Tucked just inside Ocean Pines' North Gate, you'll find a fully renovated (in 2017) A-frame that any HGTV fan will appreciate. This 2 Bedroom, 1.5 Bath house offers charming living space and an open Loft area for extra guests. Renovations include new plumbing and electrical, new windows, and a beautifully detailed Kitchen with new appliances. Enjoy the open living concept on the lower level, enhanced with solid hardwood flooring and custom blinds, or step out back and lounge on the new rear deck. You'll find a storage Shed that matches the home in the backyard. Duct work within the home has recently been cleaned and HVAC is serviced every 6 months. Seller is offering a 1-year Home Warranty by Cinch with an acceptable offer. ANNUAL RENTAL INCOME FOR THIS PROPERTY AVERAGES $25k-$28k. Property is being sold - AS IS .
Last Agent to Sell the Property
Berkshire Hathaway HomeServices PenFed Realty - OP License #RS0024742 Listed on: 08/05/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,517
Year Built
- Built in 1972 | Remodeled in 2017
Lot Details
- 9,750 Sq Ft Lot
- Property is in excellent condition
- Property is zoned R-2
HOA Fees
- $82 Monthly HOA Fees
Parking
- Driveway
Home Design
- A-Frame Home
- Block Foundation
- Asphalt Roof
Interior Spaces
- 1,452 Sq Ft Home
- Property has 1.5 Levels
- Open Floorplan
- Furnished
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Loft
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Kitchenette
- Breakfast Area or Nook
- Electric Oven or Range
- Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
Laundry
- Electric Dryer
- Washer
Outdoor Features
- Lake Privileges
- Outbuilding
Schools
- Showell Elementary School
- Berlin Intermediate School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
- Phone Available
Listing and Financial Details
- Home warranty included in the sale of the property
- Property is used as a vacation rental
- Tax Lot 504
- Assessor Parcel Number 03-086704
Community Details
Overview
- Association fees include common area maintenance, management, road maintenance, snow removal
- $25 Other One-Time Fees
- Ocean Pines Association, Phone Number (410) 641-7717
- Ocean Pines Bainbridge Subdivision
- Property Manager
Amenities
- Transportation Service
- Picnic Area
- Common Area
- Clubhouse
- Community Center
- Meeting Room
- Community Library
Recreation
- Boat Ramp
- Pier or Dock
- Marina
- Beach
- Golf Club
- Golf Course Community
- Golf Course Membership Available
- Private Beach Club
- Tennis Courts
- Baseball Field
- Community Basketball Court
- Community Playground
- Community Indoor Pool
- Pool Membership Available
- Recreational Area
- Jogging Path
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2020
Closed on
Oct 6, 2020
Sold by
Fraas Courtney H
Bought by
Lacovey Dawn Rose and Lacovey Jennie Rae
Seller's Agent
Sandy Dougan
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Brian Turner
Weichert, REALTORS
List Price
$223,000
Sold Price
$225,000
Premium/Discount to List
$2,000
0.9%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,872
Avg. Annual Appreciation
9.47%
Purchase Details
Closed on
Feb 2, 2018
Sold by
Frass Louis F and Frass Kathleen M
Bought by
Fraas Courtney H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
3.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2016
Sold by
Holmead Franklin V
Bought by
Fraas Louis F and Fraas Kathleen M
Purchase Details
Closed on
May 31, 1988
Sold by
Cuba Richard C
Bought by
Holmead Franklin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
10.58%
Purchase Details
Closed on
Apr 2, 1985
Sold by
Stoops James L
Bought by
Cuba Richard C
Purchase Details
Closed on
Oct 15, 1984
Sold by
Irwin Robert M
Bought by
Stoops James L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lacovey Dawn Rose | $225,000 | Brenan Title Co | |
| Fraas Courtney H | $165,000 | Colony Title Group Ltd | |
| Fraas Louis F | $61,000 | Brennan Title Company | |
| Holmead Franklin | $51,500 | -- | |
| Cuba Richard C | $41,000 | -- | |
| Stoops James L | $43,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fraas Courtney H | $156,750 | |
| Previous Owner | Holmead Franklin | $35,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2020 10/06/20 | Sold | $225,000 | +0.9% | $155 / Sq Ft |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- |
| 09/17/2020 09/17/20 | Price Changed | $223,000 | -0.9% | $154 / Sq Ft |
| 09/08/2020 09/08/20 | Price Changed | $225,000 | +0.9% | $155 / Sq Ft |
| 08/24/2020 08/24/20 | For Sale | $223,000 | -0.9% | $154 / Sq Ft |
| 08/05/2020 08/05/20 | Off Market | $225,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,324 | $268,400 | $0 | $0 |
| 2024 | $2,324 | $243,900 | $82,200 | $161,700 |
| 2023 | $2,053 | $215,433 | $0 | $0 |
| 2022 | $1,781 | $186,967 | $0 | $0 |
| 2021 | $1,517 | $158,500 | $67,300 | $91,200 |
| 2020 | $1,444 | $150,867 | $0 | $0 |
| 2019 | $1,371 | $143,233 | $0 | $0 |
| 2018 | $1,251 | $135,600 | $62,300 | $73,300 |
| 2017 | $1,139 | $132,100 | $0 | $0 |
| 2016 | -- | $128,600 | $0 | $0 |
| 2015 | -- | $125,100 | $0 | $0 |
| 2014 | $879 | $125,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Brian Turner
Weichert Corporate
(518) 524-3083
1 in this area
3 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO115566
APN: 03-086704
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