NOT LISTED FOR SALE

9418 Lake View Dr Berlin, MD 21811

West Ocean City Neighborhood

Estimated Value: $688,000 - $759,000

0.72 Acre
$1,007,792 Price per Acre
31,363 Sq Ft Lot

Last Sold April 27, 2018

Last sale price $90,000

Est. 690% increase in value since last sale

Current estimated payment $4,308/month

570 Days on Market

Highlights

  • Pond View
  • Waterfront
  • Wooded Lot
  • Ocean City Elementary School Rated A
  • 0.72 Acre Lot

About This Lot

As of April 2018

Beautiful Pond Front Lot in one of West Ocean City's premier communities, Ocean Reef. Build your dream home on this oversized cleared and wooded lot on Lakeview Dr. Ocean Reef lots are wider than other West OC neighborhoods allowing more home design options. Photos Feature the Aspen Ridge and Mallory Homes that will site nicely on this lot. Call for additional home plans and information. Enjoy easy access to Assateague Island Beaches, Downtown Berlin, Ocean City and all that West Ocean City has to offer. Shopping, Dining, Entertainment, Amusements, Golf and Watersports are all nearby.

Last Agent to Sell the Property

Maryellen Rosenblit

Coldwell Banker Realty Listed on: 08/09/2016

Coldwell Banker Realty

Last Buyer's Agent

Ed Balcerzak

Berkshire Hathaway HomeServices PenFed Realty-WOC

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,583

Lot Details

  • 0.72 Acre Lot
  • Waterfront
  • Cleared Lot
  • Wooded Lot
  • Zoning described as R5

HOA Fees

  • $53 Monthly HOA Fees

Schools

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

Additional Features

  • Pond Views
  • Lateral or Tap On-Site

Listing and Financial Details

  • Tax Lot 69
  • Assessor Parcel Number 373832

Community Details

Overview

  • Ocean Reef Homeowners Association
  • Ocean Reef Subdivision

Recreation

  • Water Access
  • Property is near a lake

Property Details

Property Type

Land

Est. Annual Taxes

$4,583

Lot Details

0

HOA Fees

$53 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Historic: No
  • New Construction: No
  • Remarks Public: Beautiful Pond Front Lot in one of West Ocean City's premier communities, Ocean Reef. Build your dream home on this oversized cleared and wooded lot on Lakeview Dr. Ocean Reef lots are wider than other West OC neighborhoods allowing more home design options. Photos Feature the Aspen Ridge and Mallory Homes that will site nicely on this lot. Call for additional home plans and information. Enjoy easy access to Assateague Island Beaches, Downtown Berlin, Ocean City and all that West Ocean City has to offer. Shopping, Dining, Entertainment, Amusements, Golf and Watersports are all nearby.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 4.41
  • Street Number Modifier: 9418

Exterior Features

  • Construction Completed: No
  • View: Pond
  • Water Access: Yes
  • Water Body Type: Lake
  • Water Frontage Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap On Site
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 630.00
  • HOA Fee Frequency: Annually
  • HOA Name: OCEAN REEF HOMEOWNERS ASSOCIATION
  • HOA: Yes

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
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared, Trees/Wooded
  • Lot Size Acres: 0.72
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 31548.00
  • Possible Use: Residential
  • Zoning Description: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5428153
  • Assessor Parcel Number: 373832
  • Tax Lot: 69
  • County Tax Payment Frequency: Annually
  • Close Date: 04/27/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2019
Sold by
Sekace Homes Llc
Bought by
Farr Matthew S and Farr Pamela
Total Days on Market
570
Current Estimated Value
$710,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,800
Outstanding Balance
$315,790
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$409,820

Purchase Details

Listed on
Aug 9, 2016
Closed on
Apr 26, 2018
Sold by
Waysz Edward and Waysz Joann
Bought by
Sekace Homes Llc
Seller's Agent
Maryellen Rosenblit
Coldwell Banker Realty
Buyer's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$139,000
Sold Price
$90,000
Premium/Discount to List
-$49,000
-35.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.05%

Purchase Details

Closed on
Jul 27, 1999
Sold by
Ocean Reef Inc
Bought by
Waysa Edward and Waysa Joann
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
Farr Matthew S $448,500 Ocean Investments Title Corp
Sekace Homes Llc $90,000 Mid Atlantic Title & Escrow
Waysa Edward $54,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farr Matthew S $200,000
Open Farr Matthew S $358,800
Previous Owner Sekace Homes Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $90,000 -35.3% --
03/03/2018 03/03/18 Pending -- -- --
08/10/2016 08/10/16 For Sale $139,000 -- --
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 $4,583 $608,000 $141,500 $466,500
2024 $4,583 $554,000 $0 $0
2023 $4,412 $500,000 $0 $0
2022 $4,249 $446,000 $104,600 $341,400
2021 $4,268 $446,000 $104,600 $341,400
2020 $4,268 $446,000 $104,600 $341,400
2019 $4,316 $451,000 $124,600 $326,400
2018 $1,043 $110,600 $110,600 $0
2017 $1,047 $110,600 $0 $0
2016 -- $110,600 $0 $0
2015 $1,075 $110,600 $0 $0
2014 $1,075 $110,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maryellen Rosenblit

    Seller's Agent in 2018

    Maryellen Rosenblit

    Coldwell Banker Realty

    (410) 430-9522

    1 in this area

    49 Total Sales

    Section Image
  • Ed Balcerzak

    Buyer's Agent in 2018

    Ed Balcerzak

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 497-4746

    11 in this area

    205 Total Sales

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Map

Source: Bright MLS

MLS Number: 1000863228

Bright MLS

APN: 10-373832

Maryland Worcester County Berlin 21811 West Ocean City

9418 Lake View Dr, Berlin, MD

This home is located at 9418 Lake View Dr, Berlin, MD 21811 since 09 August 2016 and is currently estimated at $725,610. 9418 Lake View Dr is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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