For SaleNeutral Deal18 days on market
128 Old Landing Rd
128 Old Landing Rd, Ocean City, MD 21842, Ocean City, MD 21842
$825,000
Estimate®:$792,300
Listing Price
128 Old Landing Rd, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
18
Tax Assessed
$521k
Estimate®
$792k
Market Rate
Lot Size
7,500 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.
10
Ocean City Elementary School
PK-4
5.4 mi away
10
Stephen Decatur Middle School
7-8
9 mi away
7
Stephen Decatur High School
9-12
8.7 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
waterfrontranch-stylevinyl-sidingbulkheadprivate-dockdeckcanal-frontspacious-yardresidentialcoastalmaritimeoutdoor-livingboating-access
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.44%
Total ROI
98.7%
Cash Flow
$144/mo
DSCR
1.03
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $144/mo net cash flow with a 6.4% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.4%)
- • Strong rental demand in Ocean City
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 |
|---|---|---|---|
| 2026-09-06 | Listed for sale | $825,000 | $545 |
| 2022-09-08 | Sold | $698,000 | $461 |
| 2022-08-24 | Pending sale | $695,000 | $459 |
| 2022-08-08 | Contingent | $695,000 | $459 |
| 2022-08-03 | Listed for sale | $695,000 | $459 |
| 2016-01-20 | Sold | $380,000 | $251 |
| 2001-10-16 | Sold | $259,900 | $172 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,283.73 | $458,800 |
| 2024 | $5,548.01 | $396,400 |
| 2023 | $4,708.06 | $334,000 |
| 2022 | $4,691.15 | $334,000 |
| 2021 | $4,685.18 | $331,600 |
| 2020 | $4,668.22 | $330,400 |
| 2019 | $4,700.27 | $330,400 |
| 2018 | $4,667.23 | $330,400 |
| 2017 | $4,725.96 | $334,700 |
| 2016 | $4,805.65 | $334,700 |
| 2015 | $4,805.65 | $334,700 |
| 2014 | $4,805.65 | $336,200 |
| 2013 | $0 | $336,200 |
| 2012 | $0 | $336,200 |
| 2011 | $0 | $400,470 |
| 2010 | $0 | $400,470 |
| 2009 | $0 | $400,470 |
| 2008 | $0 | $504,030 |
| 2007 | $0 | $409,932 |
| 2006 | $0 | $315,836 |
| 2005 | $0 | $221,740 |
| 2004 | $0 | $187,966 |
| 2003 | $0 | $154,193 |
| 2002 | $0 | $120,420 |
| 2001 | $0 | $120,420 |
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