For SaleNeutral Deal13 days on market
17 King Richard Rd
17 King Richard Rd, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$379,900
Listing Price
17 King Richard Rd, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
13
Tax Assessed
$285k
Lot Size
8,906 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Showell Elementary School
PK-4
2.5 mi away
10
Stephen Decatur Middle School
7-8
2.8 mi away
7
Stephen Decatur High School
9-12
2.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
cottageA-framecozydeckwhite picket railinggrey sidinglandscapednatureresidentialcharmingoutdoor livinggable roof
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.30%
Total ROI
95.7%
Cash Flow
$22/mo
DSCR
1.01
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $22/mo net cash flow with a 6.3% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.3%)
- • Strong rental demand in Ocean Pines
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $379,900 | $264 |
| 2004-11-04 | Sold | $219,000 | $152 |
| 2002-02-01 | Sold | $140,000 | $97 |
| 1996-03-05 | Sold | $89,900 | $62 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,410.2 | $260,000 |
| 2024 | $2,253.74 | $235,500 |
| 2023 | $2,049.58 | $214,167 |
| 2022 | $1,845.41 | $235,500 |
| 2021 | $1,641.26 | $171,500 |
| 2020 | $1,564.7 | $163,500 |
| 2019 | $1,488.14 | $171,500 |
| 2018 | $1,396.82 | $147,500 |
| 2017 | $1,354.21 | $143,000 |
| 2016 | $1,595.51 | $138,500 |
| 2015 | $1,595.51 | $134,000 |
| 2014 | $1,595.51 | $134,000 |
| 2013 | $0 | $134,000 |
| 2012 | $0 | $198,200 |
| 2011 | $0 | $198,200 |
| 2010 | $0 | $198,200 |
| 2009 | $0 | $252,260 |
| 2008 | $0 | $226,516 |
| 2007 | $0 | $200,773 |
| 2006 | $0 | $175,030 |
| 2005 | $0 | $154,020 |
| 2004 | $0 | $133,010 |
| 2003 | $0 | $112,000 |
| 2002 | $0 | $103,982 |
| 2001 | $0 | $95,966 |
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