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401 Bering Rd; Ocean City, MD Property Details

401 Bering Rd, Ocean City, MD is a Residential Vacant Land that was built in 1975. This property is currently Financed and is for sale. Our records show that 401 Bering Rd has 6 bedrooms, and 2 bathrooms, and a total of 2,949 square feet. The lot size of 401 Bering Rd is 7,501 square feet.

On Market for 173 days
401 Bering Rd Ocean City, MD 21842
$800,000 Listing Price
6 Beds
2 Baths
2,949 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1975
  • Purchase Price: $1,400,000
  • Open Loans / Balance: 1 / $1,067,720
  • Est. Equity / %: $-119,720 / -12.63%
  • APN: 10-105420
  • Situs County: Worcester
  • Length Of Ownership: 5 years, 7 months

Rooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Building Style: Frame
  • Stories: 2
  • Building Condition: Average
  • Building Quality: B
  • Pool Type: Spa or Hot Tub
  • Roof Cover Type: Built-up
  • Sewer Type: Yes
  • Water Source: Yes
  • Deck: true

Measurements

  • Total: 2,949/SqFt
  • Lot: 7,501/SqFt
  • Gross: 2,949/SqFt
  • Garage: 209/SqFt
  • Living: 2,740/SqFt
  • Building: 2,949/SqFt
  • Price Per Square Foot: $474.74

Legal Description

  • Description: LOT 2A BLK E 7,501 S S SIDE BERING RD SUB PL CREATING LOT 1A &
Building Insights

Land Information

  • Property Type: Residential Vacant Land
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: Worcester County Public Schools
  • Lat / Lon: 38.405445 / -75.063866
  • Subdivision: Oceanbay Bcity
  • Property Class: Vacant
  • Zoning: R-1
  • County Use Code: R

Amenities

  • Pool: true
  • Plus Four: 5107
  • Cooling: Yes
  • Garage: Attached Garage
  • Heating: Forced air unit
  • Parking: 1

HOA

  • H O A One: $320
  • H O A Amount: $320
  • H O A One Frequency: Quarterly
  • H O A One Name: Terrapin Bay Condominium Council O
  • H O A One Type: Home Owner Association

Ownership Info

401 Bering Rd has no associated ownership info
401 Bering Rd has no associated ownership info.

Taxes

401 Bering Rd has 10 associated Taxes items

401 Bering Rd, Ocean City, MD pays taxes in Worcester County, MD. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $235,500. The APN we've located for 401 Bering Rd is 10-105420.

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Taxes
  • Assessed Value:  $235,500
  • Assessed Year:  2026
  • Assessed County:  Worcester
  • APN:  10-105420
  • Assessed Land Value:  235500
  • Market Land Value:  235500
  • Tax Amount:  3192
  • Tax Year:  2026
  • Market Value:  235500
  • Market Year:  2026

Tax History

401 Bering Rd has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $235,500 Land Value $235,500 Improvement Value Tax Amount $3,192 Change Rate -0.588872% Assessed CR Tax Rate +0.013554%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $7,764 Change Rate -0.142534% Assessed CR Tax Rate
Year 2024 Assessed Value $648,900 Land Value Improvement Value Tax Amount $9,054.59 Change Rate +0.144401% Assessed CR Tax Rate +0.013954%
Year 2023 Assessed Value $561,300 Land Value $400,000 Improvement Value $161,300 Tax Amount $7,912.08 Change Rate +0.019535% Assessed CR Tax Rate +0.014096%
Year 2022 Assessed Value $552,200 Land Value Improvement Value Tax Amount $7,760.48 Change Rate +0.011197% Assessed CR Tax Rate +0.014054%
Year 2021 Assessed Value $543,100 Land Value Improvement Value Tax Amount $7,674.55 Change Rate Assessed CR Tax Rate +0.014131%
Year 2020 Assessed Value $534,000 Land Value $400,000 Improvement Value $134,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2019 Assessed Value $533,100 Land Value Improvement Value Tax Amount $7,583.88 Change Rate +0.011774% Assessed CR Tax Rate +0.014226%
Year 2018 Assessed Value $532,200 Land Value Improvement Value Tax Amount $7,495.63 Change Rate -0.000844% Assessed CR Tax Rate +0.014084%
Year 2017 Assessed Value $531,300 Land Value Improvement Value Tax Amount $7,501.96 Change Rate Assessed CR Tax Rate +0.01412%
Year 2016 Assessed Value $530,133 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $528,967 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $527,800 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $7,405.43 Change Rate Assessed CR Tax Rate