NOT LISTED FOR SALE

8807 Caribbean Dr Ocean City, MD 21842

Estimated Value: $626,241 - $695,000

3 Beds
3 Baths
1,656 Sq Ft
$401/Sq Ft Est. Value

Last Sold December 29, 2022

Last sale price $515,000 $311 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,017/month

26 Days on Market

Highlights

  • Gourmet Kitchen
  • Coastal Architecture
  • Attic
  • Ocean City Elementary School Rated A
  • Traditional Floor Plan
  • 4-minute walk to Little Salisbury Park

About This Home

As of December 2022

This boastful single family home has been upgraded to suit the savvy buyer! Whether an investment property, second home, or primary residence, this home welcomes an endless number of opportunities! Situated in a very desirable Ocean City neighborhood, Little Salisbury, the location is close to some of OC's finest restaurants and shopping! The house has been fully renovated with notable highlights being it's granite counter tops, all new stainless steel appliances, a gorgeous custom master shower, and check out that wood burning fireplace! With a great size yard and plenty of parking, this home will entertain friends and family all year long!

Last Agent to Sell the Property

Kristen Gebhart

Northrop Realty License #RS-0037236 Listed on: 11/09/2022

Northrop Realty

Last Buyer's Agent

Anthony Golden

Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,586

Year Built

  • Built in 1980

Lot Details

  • 4,800

Home Design

  • Coastal Architecture
  • Frame Construction
  • Metal Siding
  • Stick Built Home

Interior Spaces

  • 1,656 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Ceiling Fan
  • 1 Fireplace
  • Dining Area
  • Carpet
  • Crawl Space
  • Dryer
  • Attic

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Tankless Water Heater

Additional Features

  • 4,800 Sq Ft Lot
  • Flood Risk

Community Details

  • No Home Owners Association
  • Oceanbay City Subdivision

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 2410103568

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,586

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-11-10
  • Federal Flood Zone: Yes
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Remarks Public: This boastful single family home has been upgraded to suit the savvy buyer! Whether an investment property, second home, or primary residence, this home welcomes an endless number of opportunities! Situated in a very desirable Ocean City neighborhood, Little Salisbury, the location is close to some of OC's finest restaurants and shopping! The house has been fully renovated with notable highlights being it's granite counter tops, all new stainless steel appliances, a gorgeous custom master shower, and check out that wood burning fireplace! With a great size yard and plenty of parking, this home will entertain friends and family all year long!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Kitchen - Gourmet, Upgraded Countertops, Attic
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1656
  • Living Area Sq Ft: 1656
  • Price Per Sq Ft: 310.99
  • Above Grade Finished Sq Ft: 1656
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8807

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Metal Siding, Stick Built, Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4800.00
  • Year Assessed: 2022
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5405592
  • Tax Annual Amount: 3586.00
  • Assessor Parcel Number: 2410103568
  • Tax Lot: 14
  • Tax Total Finished Sq Ft: 1656
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/29/2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 29, 2022
Sold by
Pianalto David Bernard
Bought by
Farabee James Anthony
Seller's Agent
Kristen Gebhart
Northrop Realty
Buyer's Agent
Anthony Golden
Berkshire Hathaway HomeServices PenFed Realty
List Price
$515,000
Sold Price
$515,000
Views
40
Current Estimated Value
$663,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,310
Avg. Annual Appreciation
10.56%
Original Mortgage
$360,500
Outstanding Balance
$349,690
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$322,333

Purchase Details

Closed on
Oct 14, 2022
Sold by
Pianalto David Bernard
Bought by
Pianalto David Bernard and Pianalto Stephen Christian

Purchase Details

Closed on
Apr 8, 1998
Sold by
Segaritis George J
Bought by
Pianalto Bernard D and Pianalto Yvonne L

Purchase Details

Closed on
May 31, 1990
Sold by
Kaouris Nikolaos Dimitrios
Bought by
Segaritis George J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
10.33%
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
Farabee James Anthony $515,000 Velocity Title
Pianalto David Bernard -- --
Pianalto Bernard D $133,000 --
Segaritis George J $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farabee James Anthony $360,500
Previous Owner Segaritis George J $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2022 12/29/22 Sold $515,000 0.0% $311 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $515,000 -- $311 / 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 $4,830 $433,033 $0 $0
2024 $4,830 $346,167 $0 $0
2023 $3,655 $259,300 $173,000 $86,300
2022 $3,576 $254,433 $0 $0
2021 $3,527 $249,567 $0 $0
2020 $3,457 $244,700 $173,000 $71,700
2019 $3,481 $244,700 $173,000 $71,700
2018 $3,446 $244,700 $173,000 $71,700
2017 $3,479 $246,300 $0 $0
2016 -- $244,100 $0 $0
2015 $3,885 $241,900 $0 $0
2014 $3,885 $239,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2011164

Bright MLS

APN: 10-103568