NOT LISTED FOR SALE

8800 Caribbean Dr Ocean City, MD 21842

Estimated Value: $732,000 - $1,384,000

6 Beds
3.5 Baths
3,534 Sq Ft
$301/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $450,000 $127 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $6,452/month

77 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Recreation Room
  • Ocean City Elementary School Rated A
  • Deck
  • No HOA

About This Home

As of February 2020

Remodeled 3500+ sq. ft. home with 6 BR/3.5 BA with recreation and bonus rooms located in Ocean City's "Little Salisbury" community. Features include, Smart Core flooring, Moen faucets, granite counter tops, solid wood cabinets, recessed lighting, wood burning fireplace, glass bathroom doors, laundry room with tub, new double pane energy efficient windows, gas furnace and water heater, screened porch, deck and storage shed. New architectural shingles with 30-year manufacturer warranty. The community offers public boat ramp, playground, basketball courts, dog park, sidewalks all within 4 blocks to Ocean City Beaches!!!! Seller including a 1-year HMS Home Warranty.

Last Agent to Sell the Property

Carol Proctor

Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288 Listed on: 10/25/2019

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Elizabeth Kapp

Long & Foster Real Estate, Inc. License #238682

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,588

Year Built

  • Built in 1940

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 60.00 x 80.00
  • Home fronts navigable water
  • West Facing Home
  • Property is Fully Fenced
  • Landscaped
  • Level Lot
  • Cleared Lot
  • Back, Front, and Side Yard
  • Property is in very good condition

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 3,534 Sq Ft Home
  • Property has 2 Levels
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Insulated Windows
  • Window Screens
  • Six Panel Doors
  • Recreation Room
  • Crawl Space
  • Flood Lights

Kitchen

  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Partially Carpeted
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property near a bay
  • Deck
  • Enclosed Patio or Porch
  • Outbuilding
  • Playground

Schools

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

Utilities

  • Central Air
  • Heating System Powered By Leased Propane
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Propane Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Community Details

  • No Home Owners Association
  • Little Salisbury Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 20A
  • Assessor Parcel Number 10-103657

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,588

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • Inclusions: Built-in Microwave, ceiling fans, washer, dryer, exhaust fans, garbage disposal, refrigerator w/ice maker, stove, storm windows, storage shed
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2019-10-25
  • Federal Flood Zone: Yes
  • Year Built: 1940
  • Remarks Public: Remodeled 3500+ sq. ft. home with 6 BR/3.5 BA with recreation and bonus rooms located in Ocean City's "Little Salisbury" community. Features include, Smart Core flooring, Moen faucets, granite counter tops, solid wood cabinets, recessed lighting, wood burning fireplace, glass bathroom doors, laundry room with tub, new double pane energy efficient windows, gas furnace and water heater, screened porch, deck and storage shed. New architectural shingles with 30-year manufacturer warranty. The community offers public boat ramp, playground, basketball courts, dog park, sidewalks all within 4 blocks to Ocean City Beaches!!!! Seller including a 1-year HMS Home Warranty.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Laminated, Partially Carpeted
  • Interior Amenities: Ceiling Fan(s), Crown Moldings, Recessed Lighting, Upgraded Countertops
  • Window Features: Insulated, Screens
  • Fireplace: Yes
  • Door Features: Six Panel
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room List: Recreation Room
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3534
  • Living Area Sq Ft: 3534
  • Price Per Sq Ft: 131.55
  • Above Grade Finished Sq Ft: 3534
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8800

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Brick
  • Exterior Features: Outbuilding(s), Flood Lights, Play Area, Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Propane - Leased
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv Available, Phone Available, Natural Gas 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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Fully
  • Land Use Code: 011
  • Lot Features: Cleared, Front Yard, Landscaping, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.11
  • Lot Dimensions: 60.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4800.00
  • Outdoor Living Structures: Deck(s), Enclosed, Screened
  • Property Condition: Very Good, Good
  • Year Assessed: 2018
  • Zoning: R-1
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5405601
  • Tax Annual Amount: 3588.00
  • Assessor Parcel Number: 10-103657
  • Tax Lot: 20A
  • Tax Total Finished Sq Ft: 3534
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 02/14/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2019
Closed on
Feb 12, 2020
Sold by
8800 Caribbean Dr Llc
Bought by
Kruza James S and Kruza Lori A
Seller's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Elizabeth Kapp
Long & Foster Real Estate, Inc.
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Current Estimated Value
$1,062,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$612,447
Avg. Annual Appreciation
16.87%
Original Mortgage
$360,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 15, 2018
Closed on
Jul 19, 2019
Sold by
Chen Mengjun and Lin Jie
Bought by
8800 Caribbean Dr Llc
Seller's Agent
Grace Masten
Sea Grace @ North Beach Realtors
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$375,000
Sold Price
$210,000
Premium/Discount to List
-$165,000
-44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
272.12%
Original Mortgage
$260,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2014
Sold by
Knowles Sheridan B and Knowles Shirley L
Bought by
Fannie Mae

Purchase Details

Closed on
Jan 31, 1995
Sold by
Ann Hutzell Betty
Bought by
Knowles Sheridan B and Knowles Shirley L
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
Kruza James S $450,000 Sage Title Group Llc
8800 Caribbean Dr Llc $210,000 None Available
Fannie Mae $278,487 None Available
Knowles Sheridan B $130,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kruza James S $360,000
Closed Kruza James S $360,000
Previous Owner 8800 Caribbean Dr Llc $260,000
Previous Owner Knowles Sheridan B $260,000
Closed Knowles Sheridan B --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $450,000 -3.2% $127 / Sq Ft
01/11/2020 01/11/20 Pending -- -- --
12/10/2019 12/10/19 Price Changed $464,900 -2.1% $132 / Sq Ft
11/27/2019 11/27/19 Price Changed $474,999 0.0% $134 / Sq Ft
10/25/2019 10/25/19 For Sale $475,000 +126.2% $134 / Sq Ft
07/19/2019 07/19/19 Sold $210,000 -23.6% $59 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
06/04/2019 06/04/19 Price Changed $275,000 -21.4% $78 / Sq Ft
02/28/2019 02/28/19 Price Changed $350,000 -6.7% $99 / Sq Ft
12/15/2018 12/15/18 For Sale $375,000 -- $106 / 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 $7,959 $692,333 $0 $0
2024 $7,959 $570,367 $0 $0
2023 $6,302 $448,400 $173,000 $275,400
2022 $5,391 $383,600 $0 $0
2021 $4,505 $318,800 $0 $0
2020 $3,589 $254,000 $173,000 $81,000
2019 $3,613 $254,000 $173,000 $81,000
2018 $3,577 $254,000 $173,000 $81,000
2017 $3,628 $257,200 $0 $0
2016 -- $255,533 $0 $0
2015 $2,417 $253,867 $0 $0
2014 $2,417 $252,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO109858

Bright MLS

APN: 10-103657