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$499,900

Beds
3
Baths
2.0
sq ft
2,230

50 Martinique Cir, Berlin, MD 21811

50 Martinique Cir

OCEAN PINES, MD 21811

  • 53 days on market
    • Price drop $10,000↓
Here is your opportunity to own a remodeled home with exceptional upgrades in sought after Ocean Pines. This coastal inspired home has new siding, windows, decking, sunroom, kitchen, bathrooms, flooring, paint and more. The designer kitchen has a deep stainless farmhouse sink built into the custom island. You will love the new sunroom which creates a flex space that can be used as an office, dining area or space to relax and enjoy the water view. This home offers so many possibilities. The first floor can be used as an additional master suite or rec room. The back yard is cleared and can be easily fenced in for your furry friends. The two garage provides ample storage.

Details

Property type

Single Family Residence

Est. home value

$500,538

Lot size

9,707 sq ft

Price per sq ft

$225

Year built

1984

Annual property taxes

$2,658

Monthly HOA fee

$74.67

Price History

10/01/2024
Bright

Bright #MDWO2023412

Price change
$499,900
-1.96%
09/23/2024
Bright

Bright #MDWO2023412

Listed
$509,900
+3.64%
01/26/2023
Bright

Bright #MDWO2010984

Sold
$492,000
+73.51%

Schools & Community

Elementary school: 

SHOWELL

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

Community features: 

Pool

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$124,984
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$334,924
Cash to seller
$124,984

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wesbanco Bank Inc

Loan start date

January 2023

Original loan amount

$342,000

Est. remaining balance

$334,924

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Karl Edwin Macklin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 2:35 PM

Listing updated: 10/01/2024 at 5:56 PM

Listed by: Suzanah PenFed Realty Ocean Cain, Berkshire Hathaway HomeServices PenFed Realty - OP Phone #: (410) 208-3500

MLS: Bright #MDWO2023412

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