48
Map
$349,000
●
House -
For Sale
38 FAIRWAY LANE
BERLIN, MD 21811
3 Beds
2 Baths
1,040 Ft²
Upcoming Open House
1PM - 3PM, Fri, Oct 9
-
Book now
$1,962
Est. Monthly
$76
HOA / Fees
About This Property
Nestled in a charming and peaceful pocket of Ocean Pines, this
inviting one-level rancher offers 3 bedrooms and 2 full baths. The
home features beautiful hardwood floors, granite countertops, and
an updated primary bathroom with a custom-tiled shower. Step
outside onto the back deck overlooking a private backyard that
backs to a wooded setting, creating a peaceful retreat for relaxing
or entertaining. The convenient single-level layout offers
comfortable, easy living with everything you need on one floor. A
wonderful opportunity to enjoy all that Ocean Pines has to offer at
an attractive price. Schedule your showing today!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$336
Property Type
House
Property Taxes
$172
HOA Dues
$76
Year Built
1985
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 days ago (Bright MLS #MDWO2041522)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2026 | Listed by Bunting Realty | $349,000 | |
| Listed by Bunting Realty | |||
| Aug 19, 2026 | Listed by Alex Cooper Auctioneers, Inc. | $200,000 | |
| Listed by Alex Cooper Auctioneers, Inc. | |||
   | |||
|
OPEN HOUSE DATES:
SATURDAY, SEPTEMBER 5, 2026 FROM 12:00 PM - 1:00 PM
SATURDAY, SEPTEMBER 12, 2026 FROM 12:00 PM - 1:00 PM
List price is Opening Bid at The Online Only Auction Sale to Be Held on The Auctioneers Website – Bidding begins Friday, September 11th @ 1:00PM & ends Wednesday, September 16th @ 1:00 PM. Welcome to 38 Fairway Lane, a charming single-level home ideally situated on a quiet cul-de-sac in the sought-after Ocean Pines community. Offering approximately 1,040± square feet of living space, this well-maintained residence features 3 bedrooms, 2 full baths, and a spacious 0.22± acre lot. Inside, the home offers an inviting and comfortable layout highlighted by hardwood flooring, crown molding, and a welcoming living area. The eat-in kitchen provides a functional space for casual dining and everyday living. Outdoor living is enhanced by multiple decks, offering plenty of space for entertaining, relaxing, or simply enjoying the peaceful surroundings. Ample storage and a practical single-level floor plan add to the home's appeal, making it well suited as a primary residence, coastal getaway, or investment property. Residents of Ocean Pines enjoy an impressive array of community amenities, including a Robert Trent Jones Sr.-designed golf course, marina, yacht club, beach club, indoor and outdoor swimming pools, tennis courts, parks, walking trails, a community center, and a variety of year-round recreational activities. Conveniently located just minutes from Ocean City beaches, dining, shopping, and entertainment.
| |||
| Jul 27, 2021 | Sold | ||
| Sold | |||
| Sep 24, 2013 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Bathroom - Walk-In Shower, Combination Kitchen/Dining, Entry Level Bedroom, Upgraded Countertops, Wood Floors
Flooring Type: Hardwood
Exterior Details
Square Footage: 1040
Square Footage Source: $0
Property Condition: Very Good
Architectural Style: Ranch/Rambler
Year Built Source: Assessor
Year Built: 1985
Building Name: NONE AVAILABLE
Levels: 1
Other Structures: Above Grade, Below Grade
Construction Materials: Vinyl Siding
Lot Features: Level, Wooded, Backs to Trees, No Thru Street, Rear Yard
Lot Size Area: 9720
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9720
Tax Lot: 39
Water Source: Public
Financial Details
Tax Assessed Value: $222,000
Tax Annual Amount: $2,058
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Snow Removal, Road Maintenance
HOA/Condo/Coop Amenities: Basketball Court, Boat Dock, Maintenance Grounds, Racquetball, Security, Tennis Court(s), Playground, Baseball Field, Beach Club, Community Center, Golf Course Membership Available, Lake, Jog/Walk Path, Library, Pool - Outdoor, Pool - Indoor, Pool Mem Avail, Recreational Center
HOA Fee: $915
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Closing Price
Sold On
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HOA + Taxes
About Ocean Pines
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Listed by: Amanda T. Harrington
Bunting Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDWO2041522
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Bunting Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDWO2041522
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