1700 Ocean Gateway

Local assessors in Trappe, MD have categorized 1700 Ocean Gateway as a type of property. The home was built in 1987 and is 39 years old. The property's lot size has been calculated to be 377,142 square feet. This is a 100 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 1700 Ocean Gateway is a 3 code building. This code stands for "". The home sources its water from system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is . It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - . Lots of were used in the construction of the exterior walls of the home. The home's is the primary heating source. 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, 1700 Ocean Gateway sold most recently in Jan 1, 1970 for a total of $325,000. If you work out the math, that's approximately a cost of $37.51 per sqft. 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 $1,349,051 in taxes each year. 1700 Ocean Gateway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,577,100. If we break it down further, the land itself was valued at $406,500. Improvements to the property, however, were assessed at a total of $1,170,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.