Seller's Agent in 2020
Karen Oass
Long & Foster
(443) 880-5727
92 in this area
140 Total Sales
Rainbow Condominiums 11200 Coastal Hwy Ocean City, MD 21842
Estimated Value: $685,032 - $748,000
2
Beds
2
Baths
1,372
Sq Ft
$535/mo
HOA Fee
Highlights
- Ocean View
- Home fronts navigable water
- Community Pool
- Ocean City Elementary School Rated A
- Water Access
- 4-minute walk to Jamestown Park
About This Home
As of March 2020Love the Ocean? Well here it is! This Stunning 3 Bedroom, 2 Full Bathroom offers Endless Direct Ocean Front Views! Enjoy Panoramic Views of the Ocean and Bay! This one has just what you are looking for! This Ocean Front Gem offers a Large Well Maintained Ocean Front Outdoor Pool to enjoy a cool swim, and an over-sized Outdoor Lounge area to Relax and Enjoy the Views! Check out the high end finishes through out, that includes plenty of storage for your beach and outdoor gear. The Large Windows and Sliders enhance the natural light in the room, then is reflected with strategically-placed mirrors! So let the sun shine in, and enjoy your summer right here! This property is not a rental, but has excellent rental potential. This property shows pride of ownership, so YOUR Eastern Shore memories start right here!
Last Agent to Sell the Property
Long & Foster Real Estate, Inc. License #504976 Listed on: 02/12/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,211
Year Built
- Built in 1984
HOA Fees
- $535 Monthly HOA Fees
Parking
- Off-Street Parking
Home Design
- Stucco
Interior Spaces
- 1,372 Sq Ft Home
- Property has 1 Level
- Ocean Views
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Water Access
- Property is near an ocean
Schools
- Ocean City Elementary School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
Additional Features
- Doors with lever handles
- Home fronts navigable water
- Flood Risk
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 10-261139
Community Details
Overview
- High-Rise Condominium
- Rainbow Community
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2020
Closed on
Mar 27, 2020
Sold by
Hackathorn Dennis G and Hackathorn Stephanie A
Bought by
Sidrak Hany Zarif
Seller's Agent
Karen Oass
Long & Foster Real Estate, Inc.
Buyer's Agent
Tracey Sapia
Atlantic Sands Realty
List Price
$449,900
Sold Price
$440,000
Premium/Discount to List
-$9,900
-2.2%
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
$265,508
Avg. Annual Appreciation
9.13%
Original Mortgage
$374,000
Outstanding Balance
$330,410
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$376,135
Purchase Details
Closed on
Feb 22, 2007
Sold by
Murphy Thomas F and Murphy Barbara A.
Bought by
Hackathorn Dennis G and Hackathorn Stephanie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 9, 2007
Sold by
Murphy Thomas F and Murphy Barbara A.
Bought by
Hackathorn Dennis G and Hackathorn Stephanie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 11, 2000
Sold by
Young John L and Young Diana D
Bought by
Murphy Thomas F and Murphy Barbara A
Purchase Details
Closed on
Sep 22, 1992
Sold by
Crawford Howard and Mary Sue
Bought by
Young John L and Young Diana D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.89%
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 |
|---|---|---|---|
| Sidrak Hany Zarif | $440,000 | Maryland Title Service | |
| Hackathorn Dennis G | $550,000 | -- | |
| Hackathorn Dennis G | $550,000 | -- | |
| Murphy Thomas F | $216,000 | -- | |
| Young John L | $145,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sidrak Hany Zarif | $374,000 | |
| Previous Owner | Hackathorn Dennis G | $390,000 | |
| Previous Owner | Hackathorn Dennis G | $400,000 | |
| Previous Owner | Hackathorn Dennis G | $417,000 | |
| Previous Owner | Hackathorn Dennis G | $417,000 | |
| Previous Owner | Young John L | $116,000 | |
| Closed | Murphy Thomas F | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2020 03/27/20 | Sold | $440,000 | -2.2% | $321 / Sq Ft |
| 02/20/2020 02/20/20 | Pending | -- | -- | -- |
| 02/12/2020 02/12/20 | For Sale | $449,900 | -- | $328 / 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 | $6,024 | $476,500 | $0 | $0 |
| 2024 | $6,024 | $431,700 | $0 | $0 |
| 2023 | $5,437 | $386,900 | $270,800 | $116,100 |
| 2022 | $5,341 | $380,033 | $0 | $0 |
| 2021 | $5,273 | $373,167 | $0 | $0 |
| 2020 | $5,175 | $366,300 | $256,400 | $109,900 |
| 2019 | $5,165 | $363,100 | $0 | $0 |
| 2018 | $5,069 | $359,900 | $0 | $0 |
| 2017 | $4,980 | $356,700 | $0 | $0 |
| 2016 | -- | $350,800 | $0 | $0 |
| 2015 | $4,758 | $344,900 | $0 | $0 |
| 2014 | $4,758 | $339,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Karen Oass
-
Tracey Sapia
Buyer's Agent in 2020
Tracey Sapia
Atlantic Sands Realty
(443) 859-4190
18 in this area
25 Total Sales
About Rainbow Condominiums
Map
Source: Bright MLS
MLS Number: MDWO112018
APN: 10-261139
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