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Ocean City 21842
722 GULF STREAM DR
$599,999
House - For Sale

722 GULF STREAM DR

OCEAN CITY, MD 21842
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1248 Sqft
$3,343
Estimated Monthly
$396
HOA / Fees
3.81%
Cap Rate

About This Property

Welcome to The Beach Bum on Gulf Stream Drive, Ocean City, Maryland! Looking for the perfect shore house... You have found it! Offering three bedrooms and two baths and an open floor plan living area perfect place to unwind after a fun filled day enjoying the sun. A rare opportunity to be on the Bay with private deeded dock which includes a boat lift and a  dock for the jet ski with water views from your open deck with electric awning.  This home comes fully furnished and the sellers have agreed to include the pontoon boat as well as the jet ski in the sale. But wait there is more- if your not out enjoying the water activities this community includes two inground swimming pools, a kiddie pool, pickle ball courts, mini golf course, two tennis courts, shuffle board, this community also boasts eight acres of wildlife sanctuary which includes a five acre pond, walking/jogging paths, and a boardwalk on the bay with fishing and crabbing piers. Extremely low HOA fee of $396 per YEAR! This home is ready and waiting for you to come enjoy The Beach! Don't miss this rare opportunity, Call Today! new pier/Dock to be installed the week of 2/12. THIS PROPERTY IS CASH ONLY!
Unit Size
1,248Ft²
Days on Market
385 days
Land Size
0.08 acres
Price per sqft
$481
Property Type
House
Property Taxes
$387
HOA Dues
$396
Year Built
1990

Listed By

Tommy Burdett
RE/MAX Advantage Realty
Last updated: 4 months ago (Bright MLS #MDWO2014086)

Price History

Date / Event Date Event Price
Mar 3, 2024 Relisted $599,999
Relisted
Feb 8, 2024 In contract -
In contract
Feb 5, 2024 Price Decreased $599,999
↓ $35K (5.5%)
Price Decreased
Dec 28, 2023 Price Decreased $635,000
↓ $4K (0.6%)
Price Decreased
Dec 12, 2023 Price Decreased $639,000
↓ $11K (1.7%)
Price Decreased
Show More

Property Highlights

Air Conditioning
With View
Parking Details
Parking Features: Driveway
Total Garage and Parking Spaces: 2
Interior Details

Bedroom Information

Bedrooms on Main Level: 3

Interior Information

Living Area Square Feet Source: Assessor

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Mobile home
  • 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: 3,620
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MONTEGO BAY MOBILE HM PARK SEC
  • Land Acres: 0.083
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 63 GULF STREAM DR MONTEGO BAY MOBILE HM PK SEC 8C

Ownership

  • Current Owner : HOOD LOUISE J
  • Previous Owner : KRAUK RICHARD F
  • Previous Owner 2: KRAUK BARBARA L
  • Owner Before Previous Owner: OCEAN DEVELOPMENT CORP

Neighborhood

  • School District Name: Worcester County Public Schools
  • Census Tract: 950300

Zoning

  • Zoning: TR

Geography

  • Assessors Map Reference: 117 3 8020A
  • Account Number: 318297
  • District: 10
  • Section: 8C
  • Parcel: 10-318297
  • Lot: 1522B
  • Municipality: OCEAN CITY
  • Latitude: 38.443
  • Longitude: -75.065

    Address

  • Full Address: 722 Gulf Stream Dr
  • Address - House Number: 722
  • Address - Street Name: Gulf Stream
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Ocean City
  • Carrier Code: C008
  • 4-Digit Zip Code: 5894
  • Zip Code: 21842

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,647
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0826
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 555,126
  • High Value: 601,016
  • Low Value: 509,237

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $287,927
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Apr 21, 2022
  • First Open Lien Mortgage Loan Amount: $142,111
  • 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: Oct 01, 2051
  • Second Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • Second Open Lien Mortgage Recording Date: Oct 27, 2022
  • Second Open Lien Mortgage Loan Amount: $145,816
  • Second Open Lien Mortgage Term: 347
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $329,700
  • Market Land Value: $232,000
  • Market Improvement Value: $97,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,700
  • Assessed Land Value: $232,000
  • Assessed Improvements Value: $97,700

    Sales

  • Current Sale Contract Date: May 07, 2012
  • Current Sale Recording Date: May 11, 2012
  • Current Sale Transaction ID: 1735847459
  • Current Sale Price: $355,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Nov 16, 1989
  • Previous Sale Contract Date: Nov 16, 1989
  • Previous Sale Amount: $84,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Mortgage Transaction Date: May 11, 2012
  • First Mortgage Loan Amount: $265,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2042

    Previous Mortgages

  • Previous Mortgage Transaction Date: Nov 16, 1989
  • Previous Mortgage Loan Amount: $68,599

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,232 ft²
$406/ft²
$500,000 Oct 24, 2023
$500,000 Feb 9, 2024
-
House
3 Beds
2 Baths
1,440 ft²
$460/ft²
$662,500 May 17, 2023
$662,500 Jul 31, 2023
$396/mo
House
3 Beds
2 Baths
1,418 ft²
$342/ft²
$485,000 Sep 4, 2023
$485,000 Dec 29, 2023
-
House
3 Beds
2 Baths
1,445 ft²
$367/ft²
$530,000 Apr 7, 2023
$530,000 May 19, 2023
-
House
3 Beds
2 Baths
1,040 ft²
$471/ft²
$490,000 Jun 2, 2023
$490,000 Aug 11, 2023
-
House
3 Beds
2 Baths
1,456 ft²
$336/ft²
$489,900 Jun 8, 2023
$489,900 Jul 7, 2023
-
House
3 Beds
2 Baths
1,344 ft²
$484/ft²
$649,900 Dec 28, 2023
-
$396/mo
Condo
3 Beds
3 Baths
1,147 ft²
$480/ft²
$550,000 Feb 28, 2024
-
-
House
3 Beds
2 Baths
1,839 ft²
$345/ft²
$635,000 Feb 29, 2024
-
-
Condo
3 Beds
3 Baths
1,305 ft²
$421/ft²
$550,000 Mar 2, 2024
-
-
House
2 Beds
2 Baths
1,092 ft²
$547/ft²
$597,500 Sep 30, 2023
-
$2,041/mo
Condo
3 Beds
3 Baths
1,647 ft²
$340/ft²
$559,900 Oct 14, 2023
-
$3,936/mo

About Ocean City


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Nearby Rentals



Frequently Asked Questions

When was property at 722 Gulf Stream Drive built and last sold?
The property at 722 Gulf Stream Drive was built in 1990 and last sold on May 7, 2012 for $355,000.
How much is this home worth?
The estimated value of the home located at 722 Gulf Stream Drive is $603,092.
What are some comparable homes to 722 Gulf Stream Drive?
Homes that are comparable to 722 Gulf Stream Drive include a house property at 644 Gulf Stream Drive, a condo property at 7 136th Street, a house property at 12903 Wight Street.

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