For SaleNeutral Deal0 days on market
1142 Ocean Pkwy
1142 Ocean Pkwy, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$353,000
Listing Price
1142 Ocean Pkwy, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
0
Tax Assessed
$223k
Lot Size
8,870 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
3 mi away
7
Stephen Decatur High School
9-12
2.7 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
cottageranchyellow sidingscreened-in porchvinyl sidingraised foundationlattice skirtingarched windowcozywooded settingfront decksingle-storyresidentialtraditional
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.29%
Total ROI
95.6%
Cash Flow
$19/mo
DSCR
1.01
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $19/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 |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $353,000 | $337 |
| 2025-06-12 | Sold | $327,000 | $313 |
| 2025-05-16 | Pending sale | $335,000 | $320 |
| 2025-04-30 | Contingent | $335,000 | $320 |
| 2025-04-08 | Price change | $335,000 | $320 |
| 2025-03-13 | Listed for sale | $340,000 | $325 |
| 2024-11-08 | Sold | $300,000 | $287 |
| 2024-10-03 | Contingent | $314,900 | $301 |
| 2024-09-26 | Price change | $314,900 | $301 |
| 2024-09-19 | Price change | $319,900 | $306 |
| 2024-09-13 | Price change | $324,900 | $311 |
| 2024-08-19 | Price change | $329,900 | $315 |
| 2024-08-13 | Price change | $334,900 | $320 |
| 2024-07-14 | Listed for sale | $339,900 | $325 |
| 2005-08-02 | Sold | $239,900 | $229 |
| 1997-08-21 | Sold | $85,000 | $81 |
| 1996-08-30 | Sold | $83,000 | $79 |
| 1996-02-07 | Sold | $71,000 | $68 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,253.54 | $243,100 |
| 2024 | $2,131.24 | $222,700 |
| 2023 | $1,946.22 | $203,367 |
| 2022 | $1,761.2 | $222,700 |
| 2021 | $1,576.18 | $164,700 |
| 2020 | $1,517.8 | $158,600 |
| 2019 | $1,459.43 | $164,700 |
| 2018 | $1,386.41 | $146,400 |
| 2017 | $1,348.84 | $142,433 |
| 2016 | $1,246.95 | $138,467 |
| 2015 | $1,246.95 | $134,500 |
| 2014 | $1,246.95 | $134,500 |
| 2013 | $0 | $134,500 |
| 2012 | $0 | $154,900 |
| 2011 | $0 | $154,900 |
| 2010 | $0 | $154,900 |
| 2009 | $0 | $233,280 |
| 2008 | $0 | $208,932 |
| 2007 | $0 | $184,586 |
| 2006 | $0 | $160,240 |
| 2005 | $0 | $139,080 |
| 2004 | $0 | $117,920 |
| 2003 | $0 | $96,760 |
| 2002 | $0 | $91,236 |
| 2001 | $0 | $85,713 |
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