NOT LISTED FOR SALE

Estimated Value: $641,000 - $729,000

3 Beds
2.5 Baths
2,300 Sq Ft
$297/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $489,500 $213 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,174/month

19 Days on Market

Highlights

  • New Construction
  • View of Trees or Woods
  • Open Floorplan
  • Ocean City Elementary School Rated A
  • 0.6 Acre Lot
  • Coastal Architecture

About This Home

As of August 2020

Welcome to your BRAND NEW CONSTRUCTION in the luxury West Ocean City neighborhood of Ocean Reef. This coastal styled home will be completed middle to end of June of 2020 as it will feature 3 beds and 2.5 baths along with an estimated 2,300 square feet. You will have a luxurious over-sized 2 car garage along with a paved driveway that will fit 4 cars. When you walk up the brick steps and open the front door you re instantly greeted by an open floor plan that leads into your modern, spacious kitchen. The master bedroom and giant master bath are featured on the left side of the home and the 2 other bedrooms and the 1.5 other baths are on the right. Brand new SOD and a top of the line sprinkler system has been installed. With extended storage above the garage you can fit all your extra things with no problem. Ocean Reef is just minutes away from Assateague Island the world famous Ocean City beaches and boardwalk. The coastal Delaware towns such as Fenwick, Rehobeth, Lewes, Dewey and many more are only a short drive up the coast. As far as schooling for the kids, the blue ribbon "Ocean City Elementary School" is where you will send your kids to school as it sits just minutes down the road. This is the home for you. Join the eastern shore and Ocean City, it's ready for you.

Last Agent to Sell the Property

Chase Church

Coldwell Banker Bud Church Realty,Inc. License #671240 Listed on: 06/05/2020

Coldwell Banker Bud Church Realty,Inc.

Last Buyer's Agent

Isaiah Johnson

Keller Williams Realty Delmarva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $958

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.6 Acre Lot
  • Backs to Trees or Woods
  • Property is in excellent condition
  • Property is zoned R-5

HOA Fees

  • $53 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 2,300 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Vinyl Wall or Ceiling
  • Ceiling height of 9 feet or more
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Dining Area
  • Views of Woods
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Halls are 36 inches wide or more
  • Patio
  • Urban Location

Community Details

  • Association fees include common area maintenance, road maintenance
  • Ocean Reef HOA
  • Ocean Reef Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 57
  • Assessor Parcel Number 10-373700

Home Details

Home Type

Single Family

Est. Annual Taxes

$958

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$53 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Accessibility Features: 36"+ Wide Halls
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: Yes
  • Story List: Main
  • Expected On Market: 2020-06-15
  • Federal Flood Zone: No
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Welcome to your BRAND NEW CONSTRUCTION in the luxury West Ocean City neighborhood of Ocean Reef. This coastal styled home will be completed middle to end of June of 2020 as it will feature 3 beds and 2.5 baths along with an estimated 2,300 square feet. You will have a luxurious over-sized 2 car garage along with a paved driveway that will fit 4 cars. When you walk up the brick steps and open the front door you re instantly greeted by an open floor plan that leads into your modern, spacious kitchen. The master bedroom and giant master bath are featured on the left side of the home and the 2 other bedrooms and the 1.5 other baths are on the right. Brand new SOD and a top of the line sprinkler system has been installed. With extended storage above the garage you can fit all your extra things with no problem. Ocean Reef is just minutes away from Assateague Island the world famous Ocean City beaches and boardwalk. The coastal Delaware towns such as Fenwick, Rehobeth, Lewes, Dewey and many more are only a short drive up the coast. As far as schooling for the kids, the blue ribbon "Ocean City Elementary School" is where you will send your kids to school as it sits just minutes down the road. This is the home for you. Join the eastern shore and Ocean City, it's ready for you.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Refrigerator, Stove, Disposal, Icemaker
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Attic, Breakfast Area, Combination Dining/Living, Combination Kitchen/Living, Dining Area, Floor Plan - Open, Primary Bath(s), Pantry, Upgraded Countertops, Wood Floors
  • Fireplace Features: Insert, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, High, Vinyl
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 2300
  • Living Area Sq Ft: 2300
  • Price Per Sq Ft: 212.83
  • Above Grade Finished Sq Ft: 2300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 9413

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built
  • Construction Completed: Yes
  • Road Surface Type: Access - Below Grade, Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • View: Street, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Front Entry, Covered Parking, Built In, Additional Storage Area, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 4

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
  • Utilities: Cable Tv Available, Phone Available, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 630.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Road Maintenance
  • HOA Name: OCEAN REEF
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation 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
  • Land Use Code: 011
  • Lot Features: Backs To Trees
  • Lot Size Acres: 0.60
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 26314.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R-5
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5428141
  • Tax Annual Amount: 958.00
  • Assessor Parcel Number: 10-373700
  • Tax Lot: 57
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 08/26/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Aug 26, 2020
Sold by
L & C Horning Llc
Bought by
Tippett Shannon M and Tippett Jonathan K
Seller's Agent
Chase Church
Coldwell Banker Bud Church Realty,Inc.
Buyer's Agent
Isaiah Johnson
Keller Williams Realty Delmarva
List Price
$489,900
Sold Price
$489,500
Premium/Discount to List
-$400
-0.08%
Current Estimated Value
$682,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,290
Avg. Annual Appreciation
7.00%
Original Mortgage
$389,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2004
Sold by
Jerry Jordan
Bought by
L & C Horning Llc

Purchase Details

Closed on
May 25, 2004
Sold by
Walter and Charlotte
Bought by
Jerry Jordan

Purchase Details

Closed on
May 20, 2004
Sold by
Walter Robert
Bought by
Walter and L & C Horning Llc

Purchase Details

Closed on
Sep 1, 1999
Sold by
Ocean Reef Inc
Bought by
Walter Robert
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tippett Shannon M $489,500 None Available
L & C Horning Llc $154,900 --
Jerry Jordan -- --
Walter $154,900 --
Walter Robert $404,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tippett Shannon M $385,000
Closed Tippett Shannon M $389,500
Previous Owner L & C Horning Llc $200,000
Closed Walter Robert --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2020 08/26/20 Sold $489,500 0.0% $213 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/03/2020 07/03/20 Price Changed $489,500 -0.1% $213 / Sq Ft
06/28/2020 06/28/20 Price Changed $489,800 0.0% $213 / Sq Ft
06/25/2020 06/25/20 For Sale $489,900 -- $213 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
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 $4,200 $525,300 $132,500 $392,800
2024 $4,200 $486,800 $0 $0
2023 $4,051 $448,300 $0 $0
2022 $3,904 $409,800 $99,100 $310,700
2021 $3,910 $408,567 $0 $0
2020 $814 $364,100 $0 $0
2019 $958 $100,100 $100,100 $0
2018 $944 $100,100 $100,100 $0
2017 $948 $100,100 $0 $0
2016 -- $100,100 $0 $0
2015 $934 $100,100 $0 $0
2014 $934 $100,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO113894

Bright MLS

APN: 10-373700