NOT LISTED FOR SALE

Ocean City, MD 21842

Estimated Value: $705,000 - $1,172,000

0.1 Acre
$9,324,960 Price per Acre
4,500 Sq Ft Lot

Last Sold June 22, 2018

Last sale price $265,000

Est. 252% increase in value since last sale

Current estimated payment $5,599/month

754 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • No HOA
  • Ocean City Elementary School Rated A
  • Canal View

About This Lot

As of June 2018

WHAT A FANTASTIC CANAL FRONT BUILDING LOT WITH GREAT LONG WATER FRONT VIEWS!! 141ST ST, TOWARD THE BAY, JUST PAST SEA CAPTAIN RD, 50 BY 90, COME BUILD YOUR DREAM HOME IN A FANTASTIC LOCATION IN NORTH OCEAN CITY, COME AND SEE WHAT YOU WILL BE LOOKING AT IN YOUR DREAM HOME!!

Last Agent to Sell the Property

Wayne Phillips

(410) 726-9200 ocwayne@gmail.com Coastal Life Realty Group LLC Listed on: 04/21/2016

Last Buyer's Agent

Karen Oass

(443) 880-5727 karen.oass@longandfoster.com Long & Foster Real Estate, Inc. License #504976

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,600

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 50 x 90
  • Home fronts navigable water
  • Cleared Lot
  • Zoning described as R1

Schools

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

Utilities

  • Water Service Lateral Not Installed
  • Lateral or Tap Off Main

Additional Features

  • Canal Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 187818

Community Details

Overview

  • No Home Owners Association
  • Caine Woods HOA
  • Caine Woods Subdivision

Recreation

  • Water Access
  • Property is near a canal
  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$3,600

Lot Details

0

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
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 66.44

Exterior Features

  • Construction Completed: No
  • View: Canal, Water
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap Off Main
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public

Condo/Co-op/Association

  • HOA Name: CAINE WOODS
  • HOA: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 0.10
  • Lot Dimensions: 50 x 90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4500.00
  • Possible Use: Residential
  • Zoning: RES
  • Zoning Description: R1
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5412659
  • Tax Annual Amount: 3600.00
  • Assessor Parcel Number: 187818
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2016
Closed on
Jun 22, 2018
Sold by
Smith Lorraine M
Bought by
Sturgill Gerald Lee and Sturgill Tracie L
Seller's Agent
Wayne Phillips
Coastal Life Realty Group LLC
Buyer's Agent
Karen Oass
Long & Foster Real Estate, Inc.
List Price
$299,000
Sold Price
$265,000
Premium/Discount to List
-$34,000
-11.37%
Current Estimated Value
$932,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$667,496
Avg. Annual Appreciation
18.19%
Original Mortgage
$198,750
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sturgill Gerald Lee $265,000 Lakeside Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sturgill Gerald Lee $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2018 06/22/18 Sold $265,000 -11.4% --
05/16/2018 05/16/18 Pending -- -- --
04/21/2016 04/21/16 For Sale $299,000 -- --
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 $8,730 $639,333 $0 $0
2024 $7,748 $555,267 $0 $0
2023 $6,622 $471,200 $145,600 $325,600
2022 $6,539 $465,300 $0 $0
2021 $6,492 $459,400 $0 $0
2020 $6,408 $453,500 $145,600 $307,900
2019 $6,432 $453,500 $145,600 $307,900
2018 $3,750 $266,267 $0 $0
2017 $3,742 $263,600 $0 $0
2016 -- $263,600 $0 $0
2015 $3,451 $263,600 $0 $0
2014 $3,451 $263,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wayne Phillips

    Seller's Agent in 2018

    Wayne Phillips

    Coastal Life Realty Group LLC

    (410) 726-9200

    81 in this area

    86 Total Sales

    Wayne Phillips
    Section Image
  • Karen Oass

    Buyer's Agent in 2018

    Karen Oass

    Long & Foster

    (443) 880-5727

    80 in this area

    124 Total Sales

    Karen Oass
    Section Image
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Source: Bright MLS

MLS Number: 1001564238

Bright MLS

APN: 10-187818

Maryland Worcester County Ocean City

21842

Not Listed for Sale

Lots

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