1505 St Louis Avenue

1505 St Louis Avenue has been categorized by the local assessors in Ocean City, MD as a unknown type of property. The building on the property was first built in 1976 and is 48 years old. This is a single story building so stairs are not necessary to access other parts of the home. 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 10,000 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 unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with unknown control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of unknown by the local assessor. The inside of the home is being cooled with unknown at the moment. Finally, the property is currently sourcing its water from unknown system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1505 St Louis Avenue was last sold in Jan 1, 1970 for $1,425,000. According to our calculations, that's $523.90 per sqft. Current property owners are expected to pay $8,927 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1505 St Louis Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $633,333. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.