For SaleGood Deal100 days on market
438 Ocean Pkwy #10
438 Ocean Pkwy #10, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$229,000
Estimate®:$220,200
Listing Price
438 Ocean Pkwy #10, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
100
Tax Assessed
$225k
Estimate®
$220k
Market Rate
Lot Size
0 sqft
Rent Estimate
$2,149/mo
Est. Cash Flow base
Type
townhouse
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Showell Elementary School
PK-4
2.8 mi away
10
Stephen Decatur Middle School
7-8
4.6 mi away
7
Stephen Decatur High School
9-12
4.3 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
moderncontemporarywood sidingtownhousemulti-levelbalconydecklandscapedwooded settingsuburbanarchitecturalattached housingoutdoor living spacenatural surroundings
Haven AI Verdict
Recommendation
Good
Confidence Score: 6/10
Exercise caution due to potential market volatility.
Cap Rate
7.16%
Total ROI
114.4%
Cash Flow
$177/mo
DSCR
1.15
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $177/mo net cash flow with a 7.2% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.2%)
- • 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 |
|---|---|---|---|
| 2026-08-28 | Price change | $229,000 | $161 |
| 2026-07-27 | Listed for sale | $230,000 | $162 |
| 2026-06-17 | Pending sale | $230,000 | $162 |
| 2026-06-16 | Listed for sale | $230,000 | $162 |
| 2022-05-03 | Sold | $175,000 | $123 |
| 2019-03-01 | Sold | $2,000 | $1 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $1,994.39 | $208,400 |
| 2023 | $1,560.23 | $163,033 |
| 2022 | $1,126.07 | $208,400 |
| 2021 | $691.91 | $72,300 |
| 2020 | $691.91 | $72,300 |
| 2019 | $691.91 | $72,300 |
| 2018 | $1,463.12 | $154,500 |
| 2017 | $1,413.87 | $149,300 |
| 2016 | $1,597.92 | $144,100 |
| 2015 | $1,597.92 | $138,900 |
| 2014 | $1,597.92 | $138,900 |
| 2013 | $0 | $138,900 |
| 2012 | $0 | $198,500 |
| 2011 | $0 | $198,500 |
| 2010 | $0 | $198,500 |
| 2009 | $0 | $258,780 |
| 2008 | $0 | $215,186 |
| 2007 | $0 | $171,593 |
| 2006 | $0 | $128,000 |
| 2005 | $0 | $113,916 |
| 2004 | $0 | $99,833 |
| 2003 | $0 | $85,750 |
| 2002 | $0 | $83,832 |
| 2001 | $0 | $81,916 |
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