NOT LISTED FOR SALE

Estimated Value: $284,656 - $355,000

0.43 Acre
$755,614 Price per Acre
18,731 Sq Ft Lot

Last Sold October 19, 2018

Last sale price $175,000

Est. 86% increase in value since last sale

Current estimated payment $1,949/month

165 Days on Market

Highlights

  • Bay View
  • 0.43 Acre Lot
  • Wooded Lot
  • Ocean City Elementary School Rated A

About This Lot

As of October 2018

One of the last water view lots available in West Ocean City's prestigious bayfront community of Ocean Reef. Large wooded lot located on a quiet cul-de-sac location with views of Sinepuxent Bay, Assateague Island and Ocean City skyline. Community includes public water and sewer, streetlights, walking trails, ponds and pool membership available at neighboring community. Live close to great restaurants, marinas, beaches, shopping and more, while enjoying low HOA fee and taxes. Build your dream home here and live the West Ocean City Lifestyle!

Last Agent to Sell the Property

Michael Maykrantz

Seaside Resort Group, LLC License #513925 Listed on: 04/23/2018

Last Buyer's Agent

Michael Maykrantz

Seaside Resort Group, LLC License #513925 Listed on: 04/23/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $941

Lot Details

  • 0.43 Acre Lot
  • Wooded Lot

HOA Fees

  • $30 Monthly HOA Fees

Schools

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

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Bay Views
  • Flood Risk

Community Details

  • Ocean Reef Association
  • Ocean Reef Subdivision

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 373565

Property Details

Property Type

Land

Est. Annual Taxes

$941

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: One of the last water view lots available in West Ocean City's prestigious bayfront community of Ocean Reef. Large wooded lot located on a quiet cul-de-sac location with views of Sinepuxent Bay, Assateague Island and Ocean City skyline. Community includes public water and sewer, streetlights, walking trails, ponds and pool membership available at neighboring community. Live close to great restaurants, marinas, beaches, shopping and more, while enjoying low HOA fee and taxes. Build your dream home here and live the West Ocean City Lifestyle!
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 10.21
  • Street Number Modifier: 9513

Exterior Features

  • Construction Completed: No
  • View: Bay, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Sewer Expenses: 860.00
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 360.00
  • HOA Fee Frequency: Annually
  • HOA Name: OCEAN REEF 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

  • Additional Parcels: No
  • Lot Features: Trees/Wooded
  • Lot Size Acres: 0.43
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18602.00
  • Possible Use: Residential
  • Year Assessed: 2017
  • Zoning: R-1
  • Zoning Description: Residential
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5428129
  • Tax Annual Amount: 941.00
  • Assessor Parcel Number: 373565
  • Tax Lot: 49
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 10/19/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2018
Closed on
Oct 19, 2018
Sold by
Collins John S
Bought by
Seidel Benjamin and Seidel Alma
Seller's Agent
Michael Maykrantz
Seaside Resort Group, LLC
Buyer's Agent
Michael Maykrantz
Seaside Resort Group, LLC
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%
Current Estimated Value
$324,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,914
Avg. Annual Appreciation
9.21%

Purchase Details

Closed on
May 7, 2002
Sold by
Walter Robert
Bought by
Collins John S

Purchase Details

Closed on
Sep 1, 1999
Sold by
Ocean Reef Inc
Bought by
Walter Robert

Purchase Details

Closed on
Aug 27, 1999
Sold by
Ocean Reef Inc
Bought by
Walter Robert
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Seidel Benjamin $175,000 Real Estate Title & Escrow
Collins John S $110,000 --
Walter Robert $404,100 --
Walter Robert $404,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Walter Robert --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $175,000 -7.8% --
10/06/2018 10/06/18 Pending -- -- --
09/18/2018 09/18/18 Price Changed $189,900 -5.0% --
04/23/2018 04/23/18 For Sale $199,900 -- --
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 $1,828 $229,600 $229,600 $0
2024 $1,828 $191,833 $0 $0
2023 $1,468 $154,067 $0 $0
2022 $1,108 $116,300 $116,300 $0
2021 $1,059 $110,633 $0 $0
2020 $946 $104,967 $0 $0
2019 $950 $99,300 $99,300 $0
2018 $936 $99,300 $99,300 $0
2017 $940 $99,300 $0 $0
2016 -- $99,300 $0 $0
2015 $920 $99,300 $0 $0
2014 $920 $99,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001560600

Bright MLS

APN: 10-373565