See Home Value
Ocean Pines 21811
397 OCEAN PKWY
$565,000
House - Off Market

397 OCEAN PKWY

OCEAN PINES, MD 21811
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1160 Sqft
$4,297
Estimated Monthly
$1,498
HOA / Fees
1.69%
Cap Rate

About This Property

Waterfront Living! This 3-bedroom, 2-bath rancher with a boat dock and lift is conveniently located near the open bay. The open kitchen/dining/living area boasts a tongue-and-groove cathedral ceiling and laminate flooring. The kitchen features brand new cabinets and offers stainless steel appliances. Updated bathrooms include newer vanities. Enjoy the canal view from the large screened porch, providing an ideal space for gatherings and outdoor enjoyment. Additional features include a newer HVAC system (installed in 2019), freshly painted exterior, carport, and storage sheds. Call now to schedule your personal tour!
Unit Size
1,160Ft²
Days on Market
65 days
Land Size
0.28 acres
Price per sqft
$491
Property Type
House
Property Taxes
$216
HOA Dues
$1,498
Year Built
1972
Last updated: 2 months ago (Bright MLS #MDWO2018490)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold $565,000
Sold
Mar 1, 2024 In contract -
In contract
Feb 23, 2024 Price Decreased $569,900
↓ $10K (1.7%)
Price Decreased
Jan 24, 2024 Listed by Hileman Real Estate-Berlin $579,900
Listed by Hileman Real Estate-Berlin
Jun 30, 2016 Sold to Darlene A Monaco, Thomas B ... $274,900
Sold to Darlene A Monaco, Thomas B ...

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 12,249
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,040
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OCEAN PINES SEC 04
  • Land Acres: 0.281
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT W-04-386 12249 SQ FT OCEAN PKWAY PL OCEAN PINES SEC FOUR

Ownership

  • Current Owner : MONACO THOMAS B
  • Current Owner 2: MONACO DARLENE A
  • Previous Owner : SCHOLTZ SUSAN MARGARET
  • Owner Before Previous Owner: SCHOLTZ CHARLES E

Neighborhood

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

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 16 0 41
  • Account Number: 053040
  • District: 03
  • Section: 4
  • Parcel: 03-053040
  • Lot: 386
  • Latitude: 38.3934
  • Longitude: -75.1419

    Address

  • Full Address: 397 Ocean Pkwy
  • Address - House Number: 397
  • Address - Street Name: Ocean
  • Address - Suffix Type: Pkwy
  • State: MD
  • City Name: Berlin
  • Carrier Code: R005
  • 4-Digit Zip Code: 1526
  • Zip Code: 21811

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,593

    Appraisal Valuation

  • Standard Deviation: 0.0826
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 559,744
  • High Value: 606,015
  • Low Value: 513,472

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $236,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 08, 2020
  • First Open Lien Mortgage Loan Amount: $236,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $279,800
  • Market Land Value: $164,400
  • Market Improvement Value: $115,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,967

    Sales

  • Current Sale Contract Date: Jun 29, 2016
  • Current Sale Recording Date: Jun 30, 2016
  • Current Sale Transaction ID: 1846571833
  • Current Sale Price: $274,900
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jan 15, 2002
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: DIRECT MORTGAGE LOANS LLC
  • First Mortgage Transaction Date: Jun 30, 2016
  • First Mortgage Loan Amount: $247,410
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2046



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
2,092 ft²
$289/ft²
$605,000 Nov 25, 2022
$605,000 Mar 16, 2023
$1,511/mo
House
3 Beds
2 Baths
2,040 ft²
$257/ft²
$525,000 Apr 21, 2022
$525,000 Jun 9, 2022
$1,511/mo
House
5 Beds
3 Baths
2,444 ft²
$205/ft²
$500,000 Mar 21, 2018
$500,000 Apr 30, 2018
$1,386/mo
House
3 Beds
3 Baths
1,840 ft²
$334/ft²
$615,000 Feb 10, 2024
-
$1,498/mo
House
4 Beds
3 Baths
1,856 ft²
$358/ft²
$664,900 Mar 26, 2024
-
$1,498/mo
House
4 Beds
3 Baths
1,960 ft²
$306/ft²
$600,000 Feb 17, 2024
-
$1,498/mo
In Contract
House
4 Beds
3 Baths
3,005 ft²
$183/ft²
$550,000 Mar 27, 2024
-
$996/mo

About Ocean Pines


Similar Homes for Sale

Unit for sale at 4 Windward Court, OCEAN PINES, MD 21811

$664,900

  • 4 Beds
  • 3 Baths
  • 1,856 ft²
4 Windward Court, OCEAN PINES, MD 21811 Listing by Craig Hyatt
Unit for sale at 241 Teal Circle, BERLIN, MD 21811

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Nearby Rentals

Unit for rent at 22 Crossbow Trl, BERLIN, MD, 21811

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  • 2 Baths
  • 1,104 ft²
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Frequently Asked Questions

When was property at 397 Ocean Parkway built and last sold?
The property at 397 Ocean Parkway was built in 1972 and last sold on Jun 29, 2016 for $274,900.
How much is this home worth?
The estimated value of the home located at 397 Ocean Parkway is $572,769.
What are some comparable homes to 397 Ocean Parkway?
Homes that are comparable to 397 Ocean Parkway include a house property at 241 Teal Circle, 4 Windward Court, 390 Ocean Parkway.

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