NOT LISTED FOR SALE

Estimated Value: $397,862 - $455,000

1 Bed
1 Bath
810 Sq Ft
$331/mo HOA Fee

Last Sold October 23, 2020

Last sale price $240,000 $296 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,929/month

133 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Coastal Architecture
  • Ocean City Elementary School Rated A
  • Waterfront
  • 2-minute walk to Jamestown Park

About This Home

As of October 2020

One of the largest one bedroom, one bathroom oceanfront condos in Ocean City! The bedroom comfortably accommodates 2 queen sized beds. As if being ocean front was not enough, this condo also features two exterior balconies to watch the sun rise up out of the ocean in the morning and the sunset in the evening. This unit is conveniently located on the third floor of the building that provides easy access to the beach and swimming pool. There is even a restaurant on the premises if you want to stay put for the evening. A new HVAC system was installed this year, all of the appliances have been recently replaced, along with highly energy efficient sliders on the ocean side. This condo is within walking distance to restaurants, grocery stores, and a host of other services that make this a desirable location. Management is on site and 24 hour security will truly put your mind at ease that your investment is being well monitored and maintained. Check out the 3D virtual tour to get the feel of being there! (Click on the camera icon in the upper left hand corner right under the address to begin.)

Last Agent to Sell the Property

Marc Bouloucon

Coldwell Banker Realty License #RS-0024670 Listed on: 05/01/2020

Coldwell Banker Realty

Co-Listed By

Courtney Bouloucon

Coldwell Banker Realty License #RS-0023099

Last Buyer's Agent

Jim Terrill

RE/MAX One License #594201

RE/MAX One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,677

Year Built

  • Built in 1973

Lot Details

  • Waterfront
  • Two or More Common Walls
  • West Facing Home

HOA Fees

  • $331 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 810 Sq Ft Home
  • Property has 3 Levels
  • Furnished

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Multiple Balconies

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 309
  • Assessor Parcel Number 10-144108

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, cable TV
  • High-Rise Condominium
  • Fountainhead Towers Condominium Association Condos
  • Fountainhead Towers Community

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,677

Year Built

Built in 1973

Lot Details

0

HOA Fees

$331 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Coastal, Unit/Flat
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Carpet
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 810
  • Living Area Sq Ft: 810
  • Price Per Sq Ft: 296.30
  • Above Grade Finished Sq Ft: 810
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11604

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Masonry
  • Roof: Flat
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 993.75
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Fountainhead Towers Condominium Association
  • HOA Condo Co-Op Amenities: Cable, Elevator, Extra Storage, Exercise Room, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Cable Tv
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balconies- Multiple
  • Year Assessed: 2020
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2677.00
  • Assessor Parcel Number: 10-144108
  • Tax Lot: 309
  • Tax Total Finished Sq Ft: 810
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 10/23/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Oct 23, 2020
Sold by
Ramsey Carl R and Ramsey Deborah S
Bought by
Habicht Scott Ashley and Weisse Bernstein Molly
Seller's Agent
Marc Bouloucon
Coldwell Banker Realty
Buyer's Agent
Jim Terrill
RE/MAX One
List Price
$259,900
Sold Price
$240,000
Premium/Discount to List
-$19,900
-7.66%
Current Estimated Value
$421,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,466
Avg. Annual Appreciation
12.36%

Purchase Details

Closed on
Nov 27, 2006
Sold by
Ramsey Carl R and Ramsey Deborah S
Bought by
Carl R Ramsey and Revocable Trust

Purchase Details

Closed on
Jun 8, 2006
Sold by
Ramsey Carl R and Ramsey Deborah S
Bought by
Carl R Ramsey and Revocable Trust

Purchase Details

Closed on
Jan 17, 1993
Sold by
Clark Wayne K
Bought by
Ramsey Carl R and Ramsey Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.04%
Source: Public Records

Range of Values:

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Average Value
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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
Habicht Scott Ashley $240,000 Ocean Investments Title Co
Carl R Ramsey -- --
Carl R Ramsey -- --
Ramsey Carl R $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramsey Carl R $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $240,000 0.0% $296 / Sq Ft
09/10/2020 09/10/20 Price Changed $240,000 -4.0% $296 / Sq Ft
05/27/2020 05/27/20 Price Changed $249,900 -3.8% $309 / Sq Ft
05/01/2020 05/01/20 For Sale $259,900 -- $321 / 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 $3,823 $317,200 $0 $0
2024 $3,823 $274,000 $0 $0
2023 $3,244 $230,800 $161,500 $69,300
2022 $3,050 $217,033 $0 $0
2021 $2,872 $203,267 $0 $0
2020 $2,696 $189,500 $132,600 $56,900
2019 $2,696 $189,500 $132,600 $56,900
2018 $2,669 $189,500 $132,600 $56,900
2017 $3,027 $216,200 $0 $0
2016 -- $213,233 $0 $0
2015 $3,110 $210,267 $0 $0
2014 $3,110 $207,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO113546

Bright MLS

APN: 10-144108