NOT LISTED FOR SALE

Rainbow Condominiums 11200 Coastal Hwy Ocean City, MD 21842

Estimated Value: $685,656 - $700,000

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

Last Sold May 31, 2018

Last sale price $417,500 $304 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,818/month

35 Days on Market

Highlights

  • Ocean View
  • Primary bedroom faces the ocean
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • 4-minute walk to Jamestown Park

About This Home

As of May 2018

Fantastic Oceanfront in the RAINBOW, Remodeled Kitchen & Baths, Large 2BR Plus Den converted to 3Rd BR,AwesomePANORAMIC VIEWS OF OCEAN, BEACH & BAY,Ocean Views from MBR, Nicely furnished, 1372 SQ FT with numerous upgrades overrecent years,HVAC,HW Heater, Painting,New Flooring, Storm Shutters on Balcony,large Storage Locker, Heated Pool,In-House Management, Fee Includes Cable.

Last Agent to Sell the Property

Anita Kurrle

Coldwell Banker Realty Listed on: 03/23/2018

Last Buyer's Agent

Barton Sink

At The Beach Real Estate License #6442

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,024

Year Built

  • Built in 1984

Lot Details

  • Home fronts navigable water
  • Sprinkler System
  • Cleared Lot

HOA Fees

  • $537 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Stick Built Home
  • Dryvit Stucco
  • Masonry

Interior Spaces

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

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom faces the ocean
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Off-Street Parking
  • 2 Assigned Parking Spaces

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 607
  • Assessor Parcel Number 260833

Community Details

Overview

  • 2 Elevators
  • Rainbow Community

Recreation

  • Community Pool

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,024

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: Turtle Sculpture, Items Storage Closet,Contents in Closets, Personal Pictures.
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1984
  • Remarks Public: Fantastic Oceanfront in the RAINBOW, Remodeled Kitchen & Baths, Large 2BR Plus Den converted to 3Rd BR,AwesomePANORAMIC VIEWS OF OCEAN, BEACH & BAY,Ocean Views from MBR, Nicely furnished, 1372 SQ FT with numerous upgrades overrecent years,HVAC,HW Heater, Painting,New Flooring, Storm Shutters on Balcony,large Storage Locker, Heated Pool,In-House Management, Fee Includes Cable.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
  • Interior Amenities: Entry Level Bedroom, Primary Bedroom - Ocean Front, Sprinkler System, Window Treatments
  • Window Features: Insulated, Screens
  • Elevators Count: 2
  • Foundation Details: Pillar/Post/Pier
  • 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: 316.98
  • 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, Dryvit, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Pool Features: In Ground
  • 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, Yes - Personal
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Off Street, Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 446.00
  • 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
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning: R-3
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5419098
  • Assessor Parcel Number: 260833
  • Tax Lot: 607
  • County Tax Payment Frequency: Annually
  • Close Date: 05/31/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2018
Closed on
May 31, 2018
Sold by
Bark Brian D and Bark Tracey C
Bought by
Bloom Hal J and Leary Kathleen T O
Seller's Agent
Anita Kurrle
Coldwell Banker Realty
Buyer's Agent
Barton Sink
At The Beach Real Estate
List Price
$434,900
Sold Price
$417,500
Premium/Discount to List
-$17,400
-4%
Total Days on Market
35
Current Estimated Value
$693,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,914
Avg. Annual Appreciation
7.28%
Original Mortgage
$313,125
Outstanding Balance
$267,450
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$427,469

Purchase Details

Closed on
May 21, 2009
Sold by
Williams Joan H
Bought by
Bark Brian D and Bark Tracey C

Purchase Details

Closed on
Apr 24, 2009
Sold by
Williams Joan H
Bought by
Williams Joan H and Life For

Purchase Details

Closed on
Nov 24, 1998
Sold by
Bross Joseph J
Bought by
Williams Joan H

Purchase Details

Closed on
Apr 27, 1995
Sold by
Brohawn Terry L and Brohawn Linda R
Bought by
Bross Joseph J
Source: Public Records

Range of Values:

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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
Bloom Hal J $417,500 Ocean Investments Title Corp
Bark Brian D -- --
Williams Joan H -- --
Williams Joan H $155,000 --
Bross Joseph J $143,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bloom Hal J $313,125
Previous Owner Bark Brian D $300,000
Closed Williams Joan H --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2018 05/31/18 Sold $417,500 -4.0% $304 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $434,900 -- $317 / 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 $6,024 $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 $5,064 $356,700 $0 $0
2016 -- $356,700 $0 $0
2015 $4,758 $356,700 $0 $0
2014 $4,758 $356,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Anita Kurrle

    Coldwell Banker Realty

    Section Image
  • Barton Sink

    Buyer's Agent in 2018

    Barton Sink

    At The Beach Real Estate

    (443) 995-2865

    47 in this area

    109 Total Sales

    Barton Sink
    Section Image
See All Agents

About Rainbow Condominiums

Map

Source: Bright MLS

MLS Number: 1001556244

Bright MLS

APN: 10-260833

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 23 March 2018 and is currently estimated at $693,414, approximately $505 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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