12004 Assawoman Drive

12004 Assawoman Drive has been categorized by the local assessors in Ocean City, MD as a residential type of property. The building on the property was first built in 1967 and is 57 years old. The building has a total of 2 stories. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as excellent. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. In terms of heating, it is utilizing a heat pump. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12004 Assawoman Drive sold most recently in Oct 16, 2023 for a total of $1,100,000. If you work out the math, that's approximately a cost of $429.69 per sqft. Before that, the property was also sold for $5,084 in Sep 10, 2009. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,465 in taxes each year. The initial year of tax delinquency occurred in 2022. 12004 Assawoman Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $600,500. If we break it down further, the land itself was valued at $500,000. Improvements to the property, however, were assessed at a total of $100,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.