For SaleRisky Deal8 days on market
838 Ocean Pkwy
838 Ocean Pkwy, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$399,900
Estimate®:$388,800
Listing Price
838 Ocean Pkwy, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
8
Tax Assessed
$299k
Estimate®
$389k
Market Rate
Lot Size
9,750 sqft
Rent Estimate
$2,256/mo
Est. Cash Flow base
Type
single family
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
2.2 mi away
10
Stephen Decatur Middle School
7-8
3.8 mi away
7
Stephen Decatur High School
9-12
3.5 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
Single Family Residence1991Heat Pump, ElectricCentral Air, ElectricOpen Parking$915 annually9,750 sqft8 Days$302
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.14%
Total ROI
48.8%
Cash Flow
$-696/mo
DSCR
0.66
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-696/mo net cash flow with a 4.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Ocean Pines, MD
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-16 | Listed for sale | $399,900 | $302 |
| 2024-10-11 | Sold | $380,000 | $287 |
| 2024-09-21 | Pending sale | $379,873 | $287 |
| 2024-09-21 | Listed for sale | $379,873 | $287 |
| 2022-10-24 | Sold | $310,000 | $234 |
| 2022-09-25 | Contingent | $299,900 | $227 |
| 2022-09-19 | Price change | $299,900 | $227 |
| 2022-09-09 | Listed for sale | $319,900 | $242 |
| 2016-05-05 | Sold | $189,000 | $143 |
| 2012-01-31 | Sold | $163,000 | $123 |
| 2011-09-24 | Price change | $164,500 | $124 |
| 2011-03-26 | Listed for sale | $169,900 | $128 |
| 2010-12-09 | Listing removed | $185,000 | $140 |
| 2010-06-12 | Listed for sale | $185,000 | $140 |
| 2010-05-05 | Listing removed | $175,000 | $132 |
| 2010-01-23 | Listed for sale | $175,000 | $132 |
| 2005-04-05 | Sold | $255,000 | $193 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,462.11 | $265,600 |
| 2024 | $2,224.07 | $232,400 |
| 2023 | $2,032.35 | $212,367 |
| 2022 | $1,840.63 | $232,400 |
| 2021 | $1,648.91 | $172,300 |
| 2020 | $1,577.14 | $164,800 |
| 2019 | $1,505.36 | $172,300 |
| 2018 | $1,418.61 | $149,800 |
| 2017 | $1,418.61 | $149,800 |
| 2016 | $1,533.52 | $149,800 |
| 2015 | $1,533.52 | $152,000 |
| 2014 | $1,533.52 | $152,000 |
| 2013 | $0 | $152,000 |
| 2012 | $0 | $190,500 |
| 2011 | $0 | $190,500 |
| 2010 | $0 | $190,500 |
| 2009 | $0 | $271,760 |
| 2008 | $0 | $248,092 |
| 2007 | $0 | $224,426 |
| 2006 | $0 | $200,760 |
| 2005 | $0 | $169,616 |
| 2004 | $0 | $138,473 |
| 2003 | $0 | $107,330 |
| 2002 | $0 | $102,800 |
| 2001 | $0 | $98,270 |
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