NOT LISTED FOR SALE

Rainbow Condominiums 11200 Coastal Hwy Ocean City, MD 21842

Estimated Value: $689,000 - $735,000

2 Beds
2 Baths
1,372 Sq Ft
$537/mo HOA Fee

Last Sold August 21, 2017

Last sale price $385,000 $281 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $4,890/month

Highlights

  • Ocean View
  • Waterfront
  • Upgraded Countertops
  • Ocean City Elementary School Rated A
  • Furnished
  • 4-minute walk to Jamestown Park

About This Home

As of August 2017

This is a WOW Property! Beautiful direct oceanfront condo with additional south facing spectacular panoramic views of the beach and pool. You must see this condo to appreciate what it has to offer. The value...but most of all the price. Although it is classified as a 2 bedroom with a den, the den has been converted to a beautiful 3rd bedroom. Features include: 1372 square feet of living space which includes an Ocean view master bedroom with full tiled bath and king size bed. Additional extra-large bedroom which includes twin over double bunkbeds (with trundle)and a king size bed and an exquisitely furnished ''3rd bedroom''. Tiled & wood flooring throughout. New items include: furnishings, mattresses,light fixtures, flat TV'Swith full technology, full size washer & dryer, plantation shu

Last Agent to Sell the Property

Bonnie Curro

Coldwell Banker Realty License #591515 Listed on: 04/08/2017

Coldwell Banker Realty

Co-Listed By

Vicki Harmon

Coldwell Banker Realty

Last Buyer's Agent

Ms. Katherine A Panco

Berkshire Hathaway HomeServices PenFed Realty License #66133

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,126

Year Built

  • Built in 1984

Lot Details

  • Waterfront
  • Southeast Facing Home
  • Sprinkler System
  • Cleared Lot

HOA Fees

  • $537 Monthly HOA Fees

Home Design

  • Block Foundation
  • Built-Up Roof
  • Stick Built Home
  • Masonry
  • Stucco

Interior Spaces

  • 1,372 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Window Screens
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Balcony

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 304
  • Assessor Parcel Number 260507

Community Details

Overview

  • Rainbow Community

Recreation

  • Community Pool

Security

  • Storm Windows
  • Storm Doors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,126

Year Built

Built in 1984

Lot Details

0

HOA Fees

$537 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: See exclusion document
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1984
  • Remarks Public: This is a WOW Property! Beautiful direct oceanfront condo with additional south facing spectacular panoramic views of the beach and pool. You must see this condo to appreciate what it has to offer. The value...but most of all the price. Although it is classified as a 2 bedroom with a den, the den has been converted to a beautiful 3rd bedroom. Features include: 1372 square feet of living space which includes an Ocean view master bedroom with full tiled bath and king size bed. Additional extra-large bedroom which includes twin over double bunkbeds (with trundle)and a king size bed and an exquisitely furnished ''3rd bedroom''. Tiled & wood flooring throughout. New items include: furnishings, mattresses,light fixtures, flat TV'Swith full technology, full size washer & dryer, plantation shu
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Washer
  • Interior Amenities: Entry Level Bedroom, Upgraded Countertops, Sprinkler System, Window Treatments
  • Window Features: Screens, Storm
  • Door Features: Storm
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Living Area Units: Square Feet
  • Total Sq Ft: 1372
  • Living Area Sq Ft: 1372
  • Price Per Sq Ft: 291.47
  • Above Grade Finished Sq Ft: 1372
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11200

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Stucco, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Water Frontage Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6448.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5419068
  • Assessor Parcel Number: 260507
  • Tax Lot: 304
  • County Tax Payment Frequency: Annually
  • Close Date: 08/21/2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2017
Closed on
Aug 21, 2017
Sold by
Schmidt Angela Hopkins and Hopkins Angela Marie
Bought by
Liang Tsanyang Jake and Prentiss Gail R
Seller's Agent
Bonnie Curro
Coldwell Banker Realty
Buyer's Agent
Ms. Katherine A Panco
Berkshire Hathaway HomeServices PenFed Realty
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%
Current Estimated Value
$705,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,018
Avg. Annual Appreciation
7.86%
Original Mortgage
$245,000
Outstanding Balance
$134,083
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$572,122

Purchase Details

Closed on
Oct 5, 2012
Sold by
Remington & Davis Llc
Bought by
Schmidt Michael Andrew and Schmidt Angela Hopkins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2007
Sold by
James Warring
Bought by
Remington & Davis Llc

Purchase Details

Closed on
Mar 15, 2005
Sold by
James Warring
Bought by
Remington & Davis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2004
Sold by
Kagen Kristin W
Bought by
James Warring and Warring Suzanne

Purchase Details

Closed on
Oct 2, 2001
Sold by
Burgoon Norman Richard
Bought by
Kagen Kristin W and Kagen Alan M

Purchase Details

Closed on
Feb 26, 1997
Sold by
Burgoon Doris M and Burgoon Richard N
Bought by
Richard Burgoon Norman and Sibley Marcia
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Liang Tsanyang Jake $385,000 Maryland Title Services
Schmidt Michael Andrew $367,000 Maryland Title Service Corpo
Remington & Davis Llc -- --
Remington & Davis Llc -- --
James Warring $489,026 --
Kagen Kristin W $288,900 --
Richard Burgoon Norman $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liang Tsanyang Jake $245,000
Previous Owner Schmidt Michael Andrew $273,750
Previous Owner Warring James $428,000
Closed Richard Burgoon Norman --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2017 08/21/17 Sold $385,000 -3.7% $281 / Sq Ft
07/22/2017 07/22/17 Pending -- -- --
04/08/2017 04/08/17 For Sale $399,900 -- $291 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $6,126 $487,000 $0 $0
2024 $6,126 $439,000 $0 $0
2023 $5,495 $391,000 $273,700 $117,300
2022 $5,411 $385,033 $0 $0
2021 $5,357 $379,067 $0 $0
2020 $5,272 $373,100 $261,100 $112,000
2019 $5,243 $368,533 $0 $0
2018 $5,126 $363,967 $0 $0
2017 $5,077 $359,400 $0 $0
2016 -- $346,133 $0 $0
2015 $4,890 $332,867 $0 $0
2014 $4,890 $319,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bonnie Curro

    Seller's Agent in 2017

    Bonnie Curro

    Coldwell Banker Realty

    (410) 251-6266

    19 in this area

    30 Total Sales

    Bonnie Curro
    Section Image
  • Vicki Harmon

    Seller Co-Listing Agent in 2017

    Vicki Harmon

    Coldwell Banker Realty

    (410) 430-6616

    18 in this area

    32 Total Sales

    Vicki Harmon
    Section Image

  • M

    Buyer's Agent in 2017

    Ms. Katherine A Panco

    BHHS PenFed (actual)

    (443) 235-6222

    14 in this area

    21 Total Sales

    Ms. Katherine A Panco
    Section Image
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About Rainbow Condominiums

Map

Source: Bright MLS

MLS Number: 1000515962

Bright MLS

APN: 10-260507

Maryland Worcester County Ocean City 21842

11200 Coastal Hwy, Ocean City, MD

This home is located at 11200 Coastal Hwy, Ocean City, MD 21842 since 08 April 2017 and is currently estimated at $705,018, approximately $513 per square foot. This property was built in 1984. 11200 Coastal Hwy is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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