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$937,542Estimated home value

Beds
4
Baths
3.0
sq ft
2,648

503 S Surf Rd, Ocean City, MD 21842

503 S Surf Rd

OCEAN CITY, MD 21842

  • Sold On 4/1/2021
This 4 Bedroom 3 Bath waterfront home is located in the sought-after community of Caine Woods, located in North Ocean City. This is YOUR NEEDLE IN THE HAYSTACK as this listing not only includes a waterfront home but also the two adjoining vacant lots on the corner. Huge custom home with wide lagoon views, and yard with gazebo. The ground floor offers a living area with a wood-burning fireplace, dining room, fully equipped kitchen with breakfast bar, and a patio door with access to the first of two sundecks. One bedroom and full bath located on the ground floor. Laundry area off the kitchen to include full-size washer and dryer with storage shelves. The second level features a large living room with vaulted ceilings, a second wood-burning fireplace, a wet bar, sunroom (possible 5th bedroom) with access from the living room to the second top sundeck with open water views. The second level features three bedrooms and two full baths. Ceiling fans in every room. Additional features of the home and property include a dock and boat slip that offers quick and easy access to the open bay. Large 2 car garage with loads of storage. The Caine Woods community features a city park that includes 2 picnic areas, a tennis court, a racquetball court, and a playground. All these amenities come with NO HOA fees! Additionally, the two adjoining lot one is a corner lot being sold with this home is zoned R2A.

Details

Property type

Est. home value

$937,542

Lot size

4,500 sq ft

Price per sq ft

$355

Year built

1982

Annual property taxes

$7,149

HOA

No

Price History

12/21/2024
Bright

Bright #MDWO2025930

Removed
$1,090,000
10/06/2024
Bright

Bright #MDWO2025930

Listed
$1,090,000
+16.02%
04/01/2021
Bright

Bright #MDWO119886

Sold
$939,500

Schools & Community

Neighborhood: 

North Ocean City

Elementary school: 

OCEAN CITY

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

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

$362,713
Asking price
$939,500
Closing costs (~8% of asking)
-$75,160
Est. remaining loan balance
-$501,627
Cash to seller
$362,713

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

March 2021

Original loan amount

$548,250

Est. remaining balance

$501,627

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Aleksejs Buinovskis and Deniss Klimins

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: Off Market

Tomo last checked: 01/02/2025 at 6:15 PM

Listing updated: 01/11/2024 at 4:18 PM

Listed by: Larry E Holdren, Larry Holdren Real Estate Inc Phone #: (410) 250-2700

MLS: Bright #MDWO119886

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