NOT LISTED FOR SALE

801 Gulf Stream Dr Ocean City, MD 21842

Estimated Value: $542,923 - $589,000

3 Beds
2 Baths
1,344 Sq Ft
$414/Sq Ft Est. Value

Last Sold November 04, 2020

Last sale price $350,000 $260 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,410/month

Highlights

  • Furnished
  • Community Pool
  • Central Air
  • Ocean City Elementary School Rated A
  • More Than Two Accessible Exits
  • Heat Pump System

About This Home

As of November 2020

Beautiful rancher located on one of the few lots backing to the 8 acre wildlife sanctuary/park area in the Montego Bay Community. Very relaxing setting with wide open views of the community pond which features 2 large fountains and a 1/2 mile walking/jogging trail around the perimeter. The home is being sold fully furnished and features a split bedroom/bath floor plan, an enclosed porch with impact resistant windows, a newer roof (10/17), a newer hvac system ('13), a newer hot water heater ('15), a newer washer & dryer ('14), new interior paint ('19), and new waterproof vinyl plank flooring ('19). Outside there is a large storage shed, an outside shower, and a completely hardscaped lot to cut down on maintenance. Community ammenites include 2 inground swimming pools, 2 tennis courts, a shuffleboard court, a 9 hole mini-golf course, a bayfront boardwalk with 3 fishing/crabbing piers, and of course the wildlife sanctuary/park area with pond and blacktop walking/jogging trail mentioned above. Hoa dues are only $299.00/year.

Last Agent to Sell the Property

Bill Rothstein

(443) 280-2530 montegobayrealty@aol.com Montego Bay Realty License #636931 Listed on: 08/01/2020

Last Buyer's Agent

Jeffrey Patek

(410) 900-9979 jpatek22@verizon.net Samson Properties License #679768

Samson Properties

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $3,507

Year Built

  • Built in 1990

Lot Details

  • 3,600 Sq Ft Lot
  • Lot Dimensions are 40' x 90'

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Single Family Detached Home
  • Modular Prefabricated Home
  • Vinyl Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

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

Accessible Home Design

  • More Than Two Accessible Exits

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1171B
  • Assessor Parcel Number 10-318599

Community Details

Overview

  • Montego Bay Civic Association, Phone Number (410) 250-3080
  • Montego Bay Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$3,507

Year Built

Built in 1990

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Modular/Pre-Fabricated
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1990
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1344
  • Living Area Sq Ft: 1344
  • Price Per Sq Ft: 267.86
  • 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, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 299.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: MONTEGO BAY CIVIC ASSOCIATION
  • HOA Phone: 410-250-3080
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 40' x 90'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3600.00
  • Zoning: TR
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5424226
  • Tax Annual Amount: 3507.00
  • Assessor Parcel Number: 10-318599
  • Tax Lot: 1171B
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2020
Closed on
Nov 4, 2020
Sold by
Tucker Michael S and Tucker Cheryl A
Bought by
Patek Gary B and Patek Deborah J
Seller's Agent
Bill Rothstein
Montego Bay Realty
Buyer's Agent
Jeffrey Patek
Samson Properties
List Price
$360,000
Sold Price
$350,000
Premium/Discount to List
-$10,000
-2.78%
Current Estimated Value
$556,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,481
Avg. Annual Appreciation
9.68%
Original Mortgage
$132,000
Outstanding Balance
$117,461
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$439,020

Purchase Details

Closed on
May 4, 2018
Sold by
Mendoza Nancy C and The Nancy C Mendoza Living Tru
Bought by
Tucker Michael S and Tucker Cheryl A

Purchase Details

Closed on
Jan 13, 2005
Sold by
Lamb Charles S
Bought by
Mendoza Nancy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2004
Sold by
Lamb Charles S
Bought by
Mendoza Nancy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2002
Sold by
Horton Billy M and Horton Janet M
Bought by
Lamb Charles S and Lamb Carolyn J

Purchase Details

Closed on
Nov 6, 1997
Sold by
Stipe Robert J
Bought by
Horton Billy M and Horton Janet M

Purchase Details

Closed on
Nov 12, 1996
Sold by
Stipe Gloria J
Bought by
Stipe Robert J and Stipe Victoria A
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
Patek Gary B $350,000 Maryland Title Service
Tucker Michael S $250,000 None Available
Mendoza Nancy C $225,000 --
Mendoza Nancy C $225,000 --
Lamb Charles S $155,000 --
Horton Billy M $116,900 --
Stipe Robert J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patek Gary B $132,000
Previous Owner Mendoza Nancy C $175,000
Previous Owner Mendoza Nancy C $175,000
Closed Horton Billy M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2020 11/04/20 Sold $350,000 -2.8% $260 / Sq Ft
08/01/2020 08/01/20 For Sale $360,000 -- $268 / 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 $5,496 $402,500 $0 $0
2024 $4,605 $330,000 $0 $0
2023 $3,619 $257,500 $125,000 $132,500
2022 $3,575 $254,400 $0 $0
2021 $3,551 $251,300 $0 $0
2020 $3,507 $248,200 $125,000 $123,200
2019 $3,531 $248,200 $125,000 $123,200
2018 $3,496 $248,200 $125,000 $123,200
2017 $3,532 $265,300 $0 $0
2016 -- $248,767 $0 $0
2015 $3,225 $232,233 $0 $0
2014 $3,225 $215,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO115454

Bright MLS

APN: 10-318599