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$1,175,000

Beds
4
Baths
3.0
sq ft
3,033

8716 Old Ocean City Rd, Berlin, MD 21811

8716 Old Ocean City Rd

BERLIN, MD 21811

  • 56 days on market
    • Price drop $100,000↓
Remarkable opportunity to own one of the areas nicest farm and investment properties. This private compound offers 4 bedrooms, 2 full baths, 2 half baths, in an approximately 3,000 sq ft home. 2 wonderful pole barns (one set up as an incredible game room), in-ground pool, fire pit, meticulously landscaped. The lot (30.6 acres) is 24+- tillable acres, 4+- wooded acres with a small pond in CRP preserve. Great hunting potential and annual income from the CRP and tillage. The 2 acre home site sits at the center of this beautiful property. Currently operating as an upscale AB&B with years of rental history producing significant rental income. All of this is located 3 minutes to Berlin, 10 minutes to Ocean City.

Details

Property type

Single Family Residence

Est. home value

$198,105

Lot size

30.61 acres

Price per sq ft

$388

Year built

2002

Annual property taxes

$3,912

HOA

No

Price History

05/04/2024

Bright #MDWO2020772

Listed
$1,175,000
+770.37%
10/15/2020

Bright #MDWO112130

Sold
$135,000

Schools & Community

Elementary school: 

BUCKINGHAM

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Seller’s Loan History

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

Lender

Estate Of Janet H Cherrix

Loan start date

October 2020

Original loan amount

$35,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Future Advance Clause / Open End Mortgage, 0 year

Seller

Barry E R Mariner and Jeannie D Mariner

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: 06/29/2024 at 9:50 AM

Listing updated: 06/10/2024 at 12:44 PM

Listed by: Ken Church, Coldwell Banker Bud Church Realty,Inc. Phone #: (410) 524-7888

MLS: Bright #MDWO2020772

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