See Home Value
Ocean Pines 21811
166 OCEAN PKWY
$539,000
House - Off Market

166 OCEAN PKWY

BERLIN, MD 21811
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2150 Sqft
$3,632
Estimated Monthly
$985
HOA / Fees
3.71%
Cap Rate

About This Property

This beautiful home is located in the desirable  neighborhood of Ocean Pines .  Featuring an open floor plan, four bedrooms, three full baths.  Large living room with custom built electric fireplace,  luxury kitchen ( Quartz countertops, stainless steel appliances and lots of custom cabinetry), spacious master suite with upgraded bath.  Hardwood floors downstairs.   The second floor offers another master suite with sitting area.  (additional unfinished large room upstairs, currently being used for storage, however, can be easily converted to living space). This home is only a few years old, many upgrades include, screened-in porch, upgraded carpet, all exterior wood covered with vinyl, encapsulated crawl space, sealed and paved driveway,  shelves installed in garage, gutter guard, larger window on 2nd floor and bathtub in 2nd floor master.  All window treatments are custom ordered and installed. This home is a "MUST SEE" and  could be on HGTV.   When not enjoying your beautiful home, take advantage of the dining, shopping, beaches, boating, pool and many amenities close by.
Unit Size
2,150Ft²
Days on Market
31 days
Land Size
0.22 acres
Price per sqft
$251
Property Type
House
Property Taxes
$279
HOA Dues
$985
Year Built
2021
Last updated: 2 months ago (Bright MLS #MDWO2019062)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold $539,000
Sold
Mar 26, 2024 In contract -
In contract
Mar 7, 2024 Price Decreased $539,000
↓ $10K (1.8%)
Price Decreased
Feb 22, 2024 Listed by Coldwell Banker Realty $549,000
Listed by Coldwell Banker Realty
Apr 26, 2022 Sold to Rex Alexander Siers $485,000
Sold to Rex Alexander Siers
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 607
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 9,750
  • Total Building Area: 1,895
  • Gross Building Area: 1,895
  • Building Area: 1,895
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,895
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OCEAN PINES SEC 02
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT B-02-474 9750 SQ FT OCEAN PARKWAY PLAT OCEAN PINES SEC 2

Ownership

  • Current Owner : SIERS REX ALEXANDER
  • Previous Owner : KATHLEEN SUTHERLAND
  • Owner Before Previous Owner: 880 CARIBBEAN DR LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Worcester County Public Schools
  • Census Tract: 950600

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 16 0 39
  • Account Number: 058395
  • District: 03
  • Section: 2
  • Parcel: 03-058395
  • Lot: 474
  • Latitude: 38.3923
  • Longitude: -75.1633

    Address

  • Full Address: 166 Ocean Pkwy
  • Address - House Number: 166
  • Address - Street Name: Ocean
  • Address - Suffix Type: Pkwy
  • State: MD
  • City Name: Berlin
  • Carrier Code: R013
  • 4-Digit Zip Code: 1837
  • Zip Code: 21811

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,353

    Appraisal Valuation

  • Standard Deviation: 0.1958
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 93
  • Final Value: 545,948
  • High Value: 590,684
  • Low Value: 501,212

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $460,750
  • First Open Lien Mortgage Lender: MORTGAGE NETWORK INC
  • First Open Lien Mortgage Recording Date: Apr 26, 2022
  • First Open Lien Mortgage Loan Amount: $460,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $381,500
  • Market Land Value: $74,300
  • Market Improvement Value: $307,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $350,333

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: Apr 26, 2022
  • Current Sale Transaction ID: 11886759687
  • Current Sale Price: $485,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 03, 2021
  • Previous Sale Contract Date: Feb 26, 2021
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE NETWORK INC
  • First Mortgage Transaction Date: Apr 26, 2022
  • First Mortgage Loan Amount: $460,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: HOMESIDE FINANCIAL LLC
  • Previous Mortgage Transaction Date: Mar 03, 2021
  • Previous Mortgage Loan Amount: $288,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,128 ft²
$291/ft²
$620,000 Feb 8, 2024
$620,000 Mar 29, 2024
$886/mo
House
4 Beds
3 Baths
2,436 ft²
$184/ft²
$447,000 Feb 8, 2024
$447,000 Mar 21, 2024
$883/mo
House
4 Beds
3 Baths
2,712 ft²
$159/ft²
$430,000 Apr 10, 2023
$430,000 Jun 6, 2023
$896/mo
House
3 Beds
2 Baths
1,969 ft²
$254/ft²
$500,000 Jul 12, 2023
$500,000 Oct 20, 2023
$883/mo
House
3 Beds
3 Baths
2,292 ft²
$194/ft²
$445,000 Jun 2, 2023
$445,000 Jul 21, 2023
$883/mo
House
4 Beds
3 Baths
2,108 ft²
$225/ft²
$474,900 Mar 15, 2024
-
$883/mo
House
4 Beds
3 Baths
2,274 ft²
$264/ft²
$599,990 Mar 31, 2024
-
$883/mo
House
4 Beds
3 Baths
2,836 ft²
$194/ft²
$549,900 Feb 22, 2024
-
$996/mo
House
4 Beds
3 Baths
2,894 ft²
$186/ft²
$539,000 Mar 1, 2024
-
$850/mo
House
3 Beds
2 Baths
2,168 ft²
$214/ft²
$464,900 Apr 12, 2024
-
$850/mo
House
5 Beds
3 Baths
2,484 ft²
$181/ft²
$450,000 Mar 1, 2024
-
$883/mo

About Ocean Pines


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Frequently Asked Questions

When was property at 166 Ocean Parkway built and last sold?
The property at 166 Ocean Parkway was built in 2021 and last sold on Apr 21, 2022 for $485,000.
How much is this home worth?
The estimated value of the home located at 166 Ocean Parkway is $550,240.
What are some comparable homes to 166 Ocean Parkway?
Homes that are comparable to 166 Ocean Parkway include a house property at 3 Garrett Drive, 4 Fleet Court, 70 Capetown Road.

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