NOT LISTED FOR SALE

Estimated Value: $638,000 - $705,000

4 Beds
3 Baths
2,769 Sq Ft
$244/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $619,000 $224 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,996/month

2 Days on Market

Highlights

  • 55 Feet of Waterfront
  • Primary bedroom faces the ocean
  • Fishing Allowed
  • Ocean City Elementary School Rated A
  • Private Water Access
  • Pond View

About This Home

As of June 2023

Wonderful home in Ocean Reef on the pond. Large lot with water access for fishing or for nature watching. Home was freshly painted, new carpet upstairs as well as new plank flooring in all 3 bedrooms on the first floor. Dual Gas Furnaces replace in 2020. Open floor plan with large dining room, breakfast bar, stainless steel appliances in kitchen. Living Room opens up to screen porch and deck. Back yard has been partially fenced in for your fur friends or children. Back of the property towards the pond is wooded and will give your the chance to observe nature at its best. Primary bedroom is large and opens up to the back deck. Huge tile walk in shower, for relaxing and walk-in closet complete the owners suite. 2 additional bedrooms, a 2nd bathroom and laundry area complete the 1st floor. 2nd floor features a large bedroom with sitting area, a full bath and access to a huge attic area that can easily be converted into more living space. Built to the New Energy Code, 9 Foot Ceilings, 2x6 Exterior Walls, Oversized 2 Car Garage with 18 Foot Door. Ocean Reef is one of the most desirable communities in West Ocean City, with easy access to great restaurants, shopping, both OC and Assateague Beaches and the Marina. Pool membership available at Mystic Harbour down the street for $275 for the summer season.

Last Agent to Sell the Property

Claudia Gausepohl

(443) 856-8072 claudiagausepohl@gmail.com Coastal Life Realty Group LLC License #608851 Listed on: 04/26/2023

Last Buyer's Agent

Deborah Bennington

(410) 603-8065 debbennington4@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #621595

Berkshire Hathaway HomeServices PenFed Realty - OP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 2018

Lot Details

  • 0.36 Acre Lot
  • 55 Feet of Waterfront
  • Picket Fence
  • Vinyl Fence
  • Sprinkler System
  • Partially Wooded Lot
  • Back Yard Fenced, Front and Side Yard
  • 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
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,769 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Family Room
  • Dining Room
  • Pond Views
  • Crawl Space
  • Kitchen Island
  • Laundry on main level
  • Attic

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Private Water Access
  • Property is near a pond
  • Pond
  • Deck
  • Screened Patio
  • Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 71
  • Assessor Parcel Number 2410373859

Community Details

Overview

  • Association fees include common area maintenance, trash
  • Ocean Reef Homeowners Association
  • Ocean Reef Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,000

Year Built

Built in 2018

Lot Details

0

HOA Fees

$53 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • Exclusions: all items in garage
  • Inclusions: Partially furnished, garage refrigerator
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring Type: Laminate Plank, Carpet
  • Interior Amenities: Attic, Carpet, Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Primary Bedroom - Ocean Front, Primary Bath(s), Skylight(s), Sprinkler System, Walk-In Closet(s), Window Treatments
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bathroom 2, Bathroom 3, Attic, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Main Floor, Washer In Unit
  • Total Sq Ft: 2769
  • Living Area Sq Ft: 2769
  • Price Per Sq Ft: 223.55
  • Above Grade Finished Sq Ft: 2769
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Roof: Architectural Shingle
  • View: Pond
  • Water Access Features: Fishing Allowed, Private Access
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 55

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Internet Services: Cable

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, Trash
  • HOA Name: OCEAN REEF HOMEOWNERS ASSOCIATION
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • 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

  • Fencing: Picket, Partially, Rear, Vinyl
  • Lot Features: Fishing Available, Pond, Sideyard(s), Rear Yard, Partly Wooded, Front Yard
  • Lot Size Acres: 0.36
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15890.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Screened
  • Property Condition: Excellent
  • Zoning: R-5
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5428155
  • Tax Annual Amount: 4000.00
  • Assessor Parcel Number: 2410373859
  • Tax Lot: 71
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2018
Closed on
Oct 26, 2018
Sold by
Sekace Homes Llc
Bought by
Feurer Frederick A and Feurer Laura M
Seller's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Claudia Gausepohl
Coastal Life Realty Group LLC
List Price
$455,000
Sold Price
$402,500
Premium/Discount to List
-$52,500
-11.54%
Current Estimated Value
$676,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,773
Avg. Annual Appreciation
7.56%
Original Mortgage
$362,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2018
Sold by
First Shore Federal Savings And Loan Ass
Bought by
Sekace Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2014
Sold by
Gable Kermit G and Gable Donna M
Bought by
First Shore Federal Savings & Loan Assoc

Purchase Details

Closed on
Nov 15, 2007
Sold by
Patti Dennis W
Bought by
Gable Gable Kermit G Kermit G and Gable Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2007
Sold by
Patti Dennis W
Bought by
Gable Gable Kermit G Kermit G and Gable Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2002
Sold by
Lee Brian J and Lee Teresa
Bought by
Patti Dennis W and Patti Marian E

Purchase Details

Closed on
Dec 28, 1999
Sold by
Ocean Reef Inc
Bought by
Lee Brian J and Lee Teresa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Feurer Frederick A $402,500 Tower Titl Services
Sekace Homes Llc $80,000 Mid Atlantic Title & Escrow
First Shore Federal Savings & Loan Assoc $167,000 None Available
Gable Gable Kermit G Kermit G $217,000 --
Gable Gable Kermit G Kermit G $217,000 --
Patti Dennis W $114,000 --
Lee Brian J $54,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feurer Frederick A $362,250
Previous Owner Sekace Homes Llc $290,000
Previous Owner Gable Gable Kermit G Kermit G $167,000
Previous Owner Gable Gable Kermit G Kermit G $167,000
Closed Lee Brian J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2023 06/02/23 Sold $619,000 0.0% $224 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $619,000 +53.8% $224 / Sq Ft
10/25/2018 10/25/18 Sold $402,500 0.0% $158 / Sq Ft View Prior Sale
09/08/2018 09/08/18 Pending -- -- --
09/03/2018 09/03/18 Price Changed $402,500 -4.2% $158 / Sq Ft
08/04/2018 08/04/18 Price Changed $420,000 -7.7% $165 / Sq Ft
06/07/2018 06/07/18 For Sale $455,000 -- $179 / 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 $4,615 $556,200 $125,800 $430,400
2024 $4,590 $510,133 $0 $0
2023 $4,421 $464,067 $0 $0
2022 $3,983 $418,000 $103,000 $315,000
2021 $4,000 $418,000 $103,000 $315,000
2020 $4,000 $418,000 $103,000 $315,000
2019 $4,120 $430,500 $123,000 $307,500
2018 $1,028 $109,000 $109,000 $0
2017 $1,032 $109,000 $0 $0
2016 -- $109,000 $0 $0
2015 $984 $109,000 $0 $0
2014 $984 $109,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2013496

Bright MLS

APN: 10-373859