NOT LISTED FOR SALE

Estimated Value: $451,000 - $524,000

2 Beds
1 Bath
840 Sq Ft
$361/mo HOA Fee

Last Sold October 28, 2022

Last sale price $455,000 $542 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,271/month

3 Days on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the bay
  • Fitness Center
  • Ocean City Elementary School Rated A
  • Water Access
  • 2-minute walk to Jamestown Park

About This Home

As of October 2022

Desirable 10th floor Oceanfront condominium in the highly sought-after Fountainhead Towers! Don't miss this rare opportunity to own this one bedroom with den! The den is used a second private bedroom! This modern open floor plan unit has been completely upgraded with a white kitchen cabinetry accented with quartz work surfaces, and tiled backsplash. A tiled bathroom with stylish glass subway tile adds to the visual upgrades. Large living and dining room area with an 18 ft. expanse of glass with two sliding doors allowing for a spectacular ocean views! Enjoy one of two outdoor spaces; your oceanfront balcony or your large bay view balcony! You will marvel at the abundance of storage in this unit, plus a laundry with full sized washer and dryer! The HVAC has been upgraded to a high efficiency heat pump with air scrubber. The home automation system offers remote thermostat control and keyless entry as well as Alexa voice command lighting! This well managed building offers two parking spaces per unit, oceanfront heated pool on the large sundeck, onsite restaurant/bar, fitness center, Tennis Court. This pet friendly building has a gorgeous marble lobby with 24/7 doorman- security provides access to 3 new elevators! This unit has never been rented by its current owner., but could be an incredible vacation rental ! It is sold furnished except original artwork. Easy to show with notice. Hurry on this one!

Last Agent to Sell the Property

The Sands Team

Sands & Company Real Estate License #RM052104A Listed on: 09/10/2022

Co-Listed By

Adam Jacobini

Coldwell Banker Realty License #RS345576

Last Buyer's Agent

Mary MCCracken

Mary McCracken Realty, Inc

Mary McCracken Realty, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,174

Year Built

  • Built in 1973

Lot Details

  • Ocean Front
  • West Facing Home
  • Property is in excellent condition

HOA Fees

  • $361 Monthly HOA Fees

Property Views

Home Design

  • Coastal Architecture
  • Masonry

Interior Spaces

  • 840 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Recessed Lighting
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Utility Room
  • Wood Flooring

Kitchen

  • Galley Kitchen
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the bay
  • En-Suite Primary Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Private Parking
  • Lighted Parking
  • Paved Parking
  • Parking Lot

Outdoor Features

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

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 10-144949

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, lawn maintenance, pool(s), recreation facility, reserve funds
  • High-Rise Condominium
  • Fountainhead Towers Community
  • Property Manager

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Additional Features

  • 3 Elevators
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,174

Year Built

Built in 1973

Lot Details

0

HOA Fees

$361 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1973
  • Automatically Close On Close Date: Yes
  • Remarks Public: Desirable 10th floor Oceanfront condominium in the highly sought-after Fountainhead Towers! Don't miss this rare opportunity to own this one bedroom with den! The den is used a second private bedroom! This modern open floor plan unit has been completely upgraded with a white kitchen cabinetry accented with quartz work surfaces, and tiled backsplash. A tiled bathroom with stylish glass subway tile adds to the visual upgrades. Large living and dining room area with an 18 ft. expanse of glass with two sliding doors allowing for a spectacular ocean views! Enjoy one of two outdoor spaces; your oceanfront balcony or your large bay view balcony! You will marvel at the abundance of storage in this unit, plus a laundry with full sized washer and dryer! The HVAC has been upgraded to a high efficiency heat pump with air scrubber. The home automation system offers remote thermostat control and keyless entry as well as Alexa voice command lighting! This well managed building offers two parking spaces per unit, oceanfront heated pool on the large sundeck, onsite restaurant/bar, fitness center, Tennis Court. This pet friendly building has a gorgeous marble lobby with 24/7 doorman- security provides access to 3 new elevators! This unit has never been rented by its current owner., but could be an incredible vacation rental ! It is sold furnished except original artwork. Easy to show with notice. Hurry on this one!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Refrigerator, Stove, Washer, Dryer - Electric
  • Entry Floor: 10
  • Interior Amenities: Tub Shower, Upgraded Countertops, Wood Floors, Recessed Lighting, Primary Bedroom - Bay Front, Kitchen - Galley, Floor Plan - Open, Entry Level Bedroom, Combination Dining/Living
  • Fireplace: No
  • Elevators Count: 3
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Primary Bedroom, Kitchen, Den, Great Room, Laundry, Utility Room, Bathroom 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 840
  • Living Area Sq Ft: 840
  • Price Per Sq Ft: 535.70
  • Above Grade Finished Sq Ft: 840
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11604

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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
  • View: Ocean, Bay
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Lighted Parking, Paved Parking, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1083.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Security, Tennis Courts, Cable, Elevator, Fitness Center
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Lawn Maintenance, Pool(s), Recreation Facility, Reserve Funds
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Improvement Assessed Value: 70800.00
  • Land Assessed Value: 164900.00
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5409188
  • Tax Annual Amount: 3174.00
  • Assessor Parcel Number: 10-144949
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/28/2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2022
Closed on
Oct 28, 2022
Sold by
Ott Ryan M
Bought by
Greenlee Kathy J and Merrill Deborah G
Seller's Agent
The Sands Team
Sands & Company Real Estate
Buyer's Agent
Mary MCCracken
Mary McCracken Realty, Inc
List Price
$449,990
Sold Price
$455,000
Premium/Discount to List
$5,010
1.11%
Views
5
Current Estimated Value
$478,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,434
Avg. Annual Appreciation
1.78%
Original Mortgage
$318,500
Outstanding Balance
$304,992
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$173,442

Purchase Details

Closed on
May 11, 2012
Sold by
Mcmahon Joseph P and Joseph P Mcmahon Inter Vivos R
Bought by
Ott Ryan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2008
Sold by
Mcmahon Joseph P
Bought by
Mcmahon Joseph P and Alvera T Mcmahon Trustees

Purchase Details

Closed on
Mar 17, 2008
Sold by
Mcmahon Joseph P
Bought by
Mcmahon Joseph P and Alvera T Mcmahon Trustees
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
Greenlee Kathy J $455,000 Maryland Title
Ott Ryan M $253,000 Title Resources Guaranty Com
Mcmahon Joseph P -- --
Mcmahon Joseph P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenlee Kathy J $318,500
Previous Owner Ott Ryan M $189,750
Closed Greenlee Kathy J $45,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $455,000 +1.1% $542 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
09/10/2022 09/10/22 For Sale $449,990 -- $536 / 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 $3,888 $321,567 $0 $0
2024 $3,888 $278,633 $0 $0
2023 $3,312 $235,700 $164,900 $70,800
2022 $3,164 $225,167 $0 $0
2021 $3,033 $214,633 $0 $0
2020 $2,884 $204,100 $142,800 $61,300
2019 $2,904 $204,100 $142,800 $61,300
2018 $2,875 $204,100 $142,800 $61,300
2017 $3,260 $230,800 $0 $0
2016 -- $227,033 $0 $0
2015 $3,188 $223,267 $0 $0
2014 $3,188 $219,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2010180

Bright MLS

APN: 10-144949