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801 Gulf Stream Drive

801 Gulf Stream Drive, Ocean City, MD 21842
House in Worcester
Sold Nov 16, 2020
$350,000
$132,000 by Mclean Mortgage Corp
Mortgage Due Dec 01, 2050
Sold May 09, 2018
$250,000
801 Gulf Stream Drive has been categorized by the local assessors in Ocean City, MD as a residential type of property. The building on the property was first built in 1990 and is 34 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 801 Gulf Stream Drive has 1,344 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,600 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 801 Gulf Stream Drive was last sold in Nov 4, 2020 for $350,000. According to our calculations, that's $260.42 per sqft. Prior to that sales transaction, the property was sold for $250,000 in May 4, 2018. Current property owners are expected to pay $3,630 in taxes per year. The property on 801 Gulf Stream Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $257,500. To break that down further, the land itself was valued at $125,000. While improvements to the property were assessed at a total of $132,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

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: B
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,600
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,344
  • 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: Single family residential
  • Legal Description 1: LOT 91 GULF STREAM DR MONTEGO BAY MOBILE HM PK SEC 8C

Ownership

  • Current Owner : PATEK GARY B
  • Current Owner 2: PATEK DEBORAH J
  • Previous Owner : TUCKER MICHAEL S
  • Previous Owner 2: TUCKER CHERYL A
  • Owner Before Previous Owner: MENDOZA NANCY C
  • Owner Before Previous Owner 2: THE NANCY C MENDOZA LIVING TRU

Neighborhood

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

Zoning

  • Zoning: TR

Geography

  • Assessors Map Reference: 117 3 8020A
  • Account Number: 318599
  • District: 10
  • Section: 8C
  • Parcel: 10-318599
  • Lot: 1171B
  • Municipality: OCEAN CITY
  • Latitude: 38.4425
  • Longitude: -75.0649

    Address

  • Full Address: 801 Gulf Stream Dr
  • Address - House Number: 801
  • Address - Street Name: Gulf Stream
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Ocean City
  • Carrier Code: C008
  • 4-Digit Zip Code: 5896
  • Zip Code: 21842

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,630
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2044
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 72
  • Final Value: 472,584
  • High Value: 569,225
  • Low Value: 375,943

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $132,000
  • First Open Lien Mortgage Lender: MCLEAN MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 16, 2020
  • First Open Lien Mortgage Loan Amount: $132,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $257,500
  • Market Land Value: $125,000
  • Market Improvement Value: $132,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $257,500
  • Assessed Land Value: $125,000
  • Assessed Improvements Value: $132,500

    Sales

  • Current Sale Contract Date: Nov 04, 2020
  • Current Sale Recording Date: Nov 16, 2020
  • Current Sale Transaction ID: 11805297425
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 09, 2018
  • Previous Sale Contract Date: May 04, 2018
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MCLEAN MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 16, 2020
  • First Mortgage Loan Amount: $132,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

About Ocean City



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 801 Gulf Stream Drive located in?
The 801 Gulf Stream Drive is a house located in the neighborhood of Worcester in Ocean City, Ocean City.
What is the average sales price for listings in 801 Gulf Stream Drive?
The average sales price for units in 801 Gulf Stream Drive is $360,000 , or $268/sqft. currently.

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