Seller's Agent in 2020
Nancy Reither
Coldwell Banker Realty
(410) 603-5050
186 in this area
298 Total Sales
Rainbow Condominiums 11200 Coastal Hwy Ocean City, MD 21842
Estimated Value: $811,023 - $916,000
3
Beds
2
Baths
1,538
Sq Ft
$506/mo
HOA Fee
Highlights
- Home fronts navigable water
- Water Access
- Upgraded Countertops
- Ocean City Elementary School Rated A
- Furnished
- 4-minute walk to Jamestown Park
About This Home
As of October 2020INSTANT RENAL MONEY - 2020 Gross rental books now $40,739!!! Stunning Direct Ocean Front 3BR/2BA condo with ocean front master bedroom suite. Wake up to the sunrise and hear the waves break from your bed! From the minute you walk in you will love the tropical decor throughout the condo. The kitchen is sure to delight the chef in your family. The dining room is off the kitchen and makes a great gathering place to enjoy meals with family and friends. The living area is off the dining room and has glass sliders to a large direct ocean front deck with a full unobstructed view of the beach and ocean. The family room is spacious, the second and third bedrooms are large as well. The condo is conveniently located up-town and is close to many local favorite restaurants and shopping venues.There is a pool, for your enjoyment. Come take a look today and make memories! This condo is in the Coldwell Banker weekly summer rental program.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,279
Year Built
- Built in 1984
HOA Fees
- $506 Monthly HOA Fees
Home Design
- Stucco
Interior Spaces
- 1,538 Sq Ft Home
- Property has 1 Level
- Furnished
- Built-In Features
- Window Treatments
- Family Room
- Dining Room
- Washer
Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- Off-Street Parking
- 1 Assigned Parking Space
Outdoor Features
- Outdoor Shower
- Water Access
- Property is near an ocean
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Additional Features
- Accessible Elevator Installed
- Home fronts navigable water
- Flood Risk
Listing and Financial Details
- Tax Lot 4308A
- Assessor Parcel Number 10-261163
Community Details
Overview
- Association fees include cable TV, exterior building maintenance, insurance, management, pool(s), reserve funds
- 99 Units
- High-Rise Condominium
- Rainbow Community
Recreation
- Community Pool
Additional Features
- 2 Elevators
- Fenced around community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2019
Closed on
Oct 22, 2020
Sold by
Amon Randall and Amon Marlene
Bought by
Hagan Nathan and Hagan Natalie E
Seller's Agent
Nancy Reither
Coldwell Banker Realty
Buyer's Agent
Sandy Galloway
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$624,900
Sold Price
$555,000
Premium/Discount to List
-$69,900
-11.19%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,006
Avg. Annual Appreciation
9.74%
Original Mortgage
$416,250
Outstanding Balance
$371,902
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$499,311
Purchase Details
Closed on
Jun 14, 2007
Sold by
Steven Phillips
Bought by
Randall Amon and Lits Marlene
Purchase Details
Closed on
May 11, 2007
Sold by
Steven Phillips
Bought by
Randall Amon and Lits Marlene
Purchase Details
Closed on
Oct 31, 2003
Sold by
Mcmahon Kelly
Bought by
Phillips Steven and Phillips Heather Phillips
Purchase Details
Closed on
Mar 2, 1999
Sold by
Joyce Robert J and Joyce Bonnie T
Bought by
Mcmahon Kelly
Purchase Details
Closed on
Apr 23, 1996
Sold by
Amatuzio Thomas R and Amatuzio Denise M
Bought by
Joyce Robert J and Joyce Bonnie T
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hagan Nathan | $555,000 | Capitol Title Group | |
| Randall Amon | $700,000 | -- | |
| Randall Amon | $700,000 | -- | |
| Phillips Steven | $495,000 | -- | |
| Mcmahon Kelly | $223,000 | -- | |
| Joyce Robert J | $199,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hagan Nathan | $416,250 | |
| Previous Owner | Amon Randall | $294,750 | |
| Previous Owner | Phillips Steven M | $426,000 | |
| Previous Owner | Phillips Steven M | $100,000 | |
| Closed | Joyce Robert J | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/22/2020 10/22/20 | Sold | $555,000 | -2.5% | $361 / Sq Ft |
| 09/07/2020 09/07/20 | Pending | -- | -- | -- |
| 05/08/2020 05/08/20 | Price Changed | $569,000 | -5.0% | $370 / Sq Ft |
| 08/13/2019 08/13/19 | Price Changed | $599,000 | -4.1% | $389 / Sq Ft |
| 06/21/2019 06/21/19 | For Sale | $624,900 | -- | $406 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,761 | $566,433 | $0 | $0 |
| 2024 | $7,761 | $556,167 | $0 | $0 |
| 2023 | $7,672 | $545,900 | $382,100 | $163,800 |
| 2022 | $7,528 | $535,667 | $0 | $0 |
| 2021 | $7,425 | $525,433 | $0 | $0 |
| 2020 | $7,279 | $515,200 | $360,600 | $154,600 |
| 2019 | $7,125 | $500,833 | $0 | $0 |
| 2018 | $6,852 | $486,467 | $0 | $0 |
| 2017 | $6,551 | $472,100 | $0 | $0 |
| 2016 | -- | $461,400 | $0 | $0 |
| 2015 | $6,699 | $450,700 | $0 | $0 |
| 2014 | $6,699 | $440,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Nancy Reither
-
Sandy Galloway
Buyer's Agent in 2020
Sandy Galloway
Berkshire Hathaway HomeServices PenFed Realty - OP
(410) 726-7023
4 in this area
22 Total Sales
About Rainbow Condominiums
Map
Source: Bright MLS
MLS Number: MDWO107176
APN: 10-261163
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