NOT LISTED FOR SALE

8604 Chesapeake Dr Ocean City, MD 21842

Estimated Value: $549,000 - $780,000

4 Beds
4 Baths
1,448 Sq Ft
$485/Sq Ft Est. Value

Last Sold December 31, 2018

Last sale price $287,500 $199 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $4,245/month

178 Days on Market

Highlights

  • Bay View
  • 0.16 Acre Lot
  • Furnished
  • Ocean City Elementary School Rated A
  • Main Floor Bedroom
  • No HOA

About This Home

As of December 2018

Great Beach Cottage in Little Salisbury! Perfect for a large family. Plenty of room for guests. Fantastic water views. Home is larger than tax records indicate. 2nd Floor converted to huge sleeping area.Great opportunity to make this home your own or Build your Dream Home on this property.

Last Agent to Sell the Property

Peck Miller

Coldwell Banker Realty License #524045 Listed on: 06/05/2018

Coldwell Banker Realty

Last Buyer's Agent

Bethany Frick

Long & Foster Real Estate, Inc. License #RS-0022444

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,520

Year Built

  • Built in 1965

Lot Details

  • 6,164 Sq Ft Lot
  • Cleared Lot
  • Zoning described as R1

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 1,448 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Window Screens
  • Bay Views
  • Crawl Space
  • Home Security System
  • Electric Oven or Range

Bedrooms and Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Screened Patio
  • Storage Shed

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Little Salisbury Subdivision

Listing and Financial Details

  • Tax Lot 92A
  • Assessor Parcel Number 10-100852

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,520

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1965
  • Remarks Public: Great Beach Cottage in Little Salisbury! Perfect for a large family. Plenty of room for guests. Fantastic water views. Home is larger than tax records indicate. 2nd Floor converted to huge sleeping area.Great opportunity to make this home your own or Build your Dream Home on this property.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric
  • Interior Amenities: Entry Level Bedroom, Window Treatments, Ceiling Fan(s)
  • Window Features: Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1448
  • Living Area Sq Ft: 1448
  • Price Per Sq Ft: 227.83
  • Above Grade Finished Sq Ft: 1448
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8604

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Shingle Siding
  • Road Surface Type: Black Top, Paved
  • Roof: Asphalt
  • View: Bay, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Paved Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Cable Tv Available, Electric Available, Sewer Available, Water 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6164.00
  • Outdoor Living Structures: Screened
  • Year Assessed: 2017
  • Zoning: R-1
  • Zoning Description: R1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5405363
  • Tax Annual Amount: 3520.00
  • Assessor Parcel Number: 10-100852
  • Tax Lot: 92A
  • Tax Total Finished Sq Ft: 1448
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 12/31/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2018
Closed on
Dec 29, 2018
Sold by
Mason Pamela A
Bought by
Kelly Karen P and Yost Tamera A
Seller's Agent
Peck Miller
Coldwell Banker Realty
Buyer's Agent
Bethany Frick
Long & Foster Real Estate, Inc.
List Price
$359,900
Sold Price
$287,500
Premium/Discount to List
-$72,400
-20.12%
Current Estimated Value
$701,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,487
Avg. Annual Appreciation
14.20%
Original Mortgage
$230,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2017
Closed on
Jul 11, 2017
Sold by
Mcguire James Francis and Mcguire Noreen Mcguire
Bought by
Mason Pamela A
Seller's Agent
Charlotte Powell
Coldwell Banker Realty
Buyer's Agent
Monica McNamara
Coldwell Banker Realty
List Price
$569,000
Sold Price
$549,900
Premium/Discount to List
-$19,100
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-35.67%
Original Mortgage
$439,920
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2008
Sold by
Mcguire Noreen
Bought by
Prettyman E Barrett and Noreen Mcguire Prettyman Trustees

Purchase Details

Closed on
Aug 11, 2008
Sold by
Mcguire Noreen
Bought by
Prettyman E Barrett and Noreen Mcguire Prettyman Trustees

Purchase Details

Closed on
Oct 28, 1998
Sold by
Determan Sara and Determan Ann
Bought by
Mcguire Noreen

Purchase Details

Closed on
Nov 30, 1995
Sold by
Prettyman E Barrett
Bought by
Determan Sara and Determan Ann
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
Kelly Karen P $287,500 None Available
Mason Pamela A $549,900 None Available
Prettyman E Barrett -- --
Prettyman E Barrett -- --
Mcguire Noreen -- --
Determan Sara -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Karen P $212,000
Closed Kelly Karen P $230,000
Previous Owner Mason Pamela A $439,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2018 12/31/18 Sold $287,500 -12.9% $199 / Sq Ft
12/02/2018 12/02/18 Pending -- -- --
11/27/2018 11/27/18 Price Changed $329,900 -8.3% $228 / Sq Ft
11/25/2018 11/25/18 For Sale $359,900 0.0% $249 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
09/26/2018 09/26/18 Price Changed $359,900 -10.0% $249 / Sq Ft
06/06/2018 06/06/18 For Sale $399,900 -27.3% $276 / Sq Ft
07/11/2017 07/11/17 Sold $549,900 -3.4% $380 / Sq Ft
06/11/2017 06/11/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $569,000 -- $393 / 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 $5,045 $436,367 $0 $0
2024 $5,045 $361,533 $0 $0
2023 $4,029 $286,700 $181,500 $105,200
2022 $3,823 $272,000 $0 $0
2021 $3,636 $257,300 $0 $0
2020 $3,428 $242,600 $181,500 $61,100
2019 $3,469 $242,600 $181,500 $61,100
2018 $3,469 $242,600 $181,500 $61,100
2017 $3,508 $249,200 $0 $0
2016 -- $247,067 $0 $0
2015 -- $244,933 $0 $0
2014 $3,881 $242,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001793864

Bright MLS

APN: 10-100852