T
Seller's Agent in 2023
Terry Riley
Shore 4U Real Estate
(443) 880-0512
166 in this area
209 Total Sales
Fountainhead Tower 11604 Coastal Hwy Ocean City, MD 21842
Estimated Value: $866,000 - $1,419,060
6
Beds
4
Baths
2,021
Sq Ft
$1,025/mo
HOA Fee
Highlights
- 100 Feet of Waterfront
- Ocean View
- Sandy Beach
- Ocean City Elementary School Rated A
- Primary bedroom faces the ocean
- 2-minute walk to Jamestown Park
About This Home
As of August 2023Two story luxury penthouse which can sleep 17-18 family & friends comfortably in this 6 bedroom/4 bath residence! This home boasts a magnificent ocean front balcony. This balcony is one of a kind in Ocean City and is 60 linear feet of direct ocean front goodness. Fear not, at sunset, there are two more balconies for views over the Assawoman Bay. There are 3 ocean front bedrooms and 3 of the bedrooms double as masters. All six bedrooms include oversized sliding glass doors with either ocean or bay front views. This property is presently in a rental program. Listing agent will graciously attend all showings, drone video, floor plan, and rental income all available.
Last Agent to Sell the Property
Shore 4U Real Estate License #598416 Listed on: 08/07/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,814
Year Built
- Built in 1973
Lot Details
- 100 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Sandy Beach
HOA Fees
- $1,025 Monthly HOA Fees
Property Views
Home Design
- Penthouse
- Coastal Architecture
Interior Spaces
- 2,021 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Furnished
- Built-In Features
- Bar
- Ceiling Fan
- Family Room Off Kitchen
- Combination Kitchen and Dining Room
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Self-Cleaning Oven
- Built-In Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 6 Main Level Bedrooms
- Primary bedroom faces the ocean
- 4 Full Bathrooms
Laundry
- Electric Dryer
- Washer
Parking
- Parking Lot
- Off-Street Parking
Outdoor Features
- Water Access
- Property is near an ocean
Location
- Flood Risk
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 1705
- Assessor Parcel Number 2410144299
Community Details
Overview
- Association fees include cable TV, common area maintenance, exterior building maintenance, insurance, management, pool(s), trash, water
- High-Rise Condominium
- Fountainhead Towers CM Condos
- Fountainhead Towers Community
- Property Manager
Amenities
- Elevator
Recreation
- Tennis Courts
- Community Pool
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2023
Closed on
Aug 4, 2023
Sold by
Brown Jeffrey and Brown Mary Beth
Bought by
Singleton Group Llc
Seller's Agent
Terry Riley
Shore 4U Real Estate
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,450,000
Sold Price
$1,450,000
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
-$300,735
Avg. Annual Appreciation
-4.97%
Original Mortgage
$1,087,500
Outstanding Balance
$1,064,407
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$239,694
Purchase Details
Closed on
Nov 16, 2017
Sold by
Kaufman Gary C and Kaufman 2012 Residenc T Gary C
Bought by
Brown Jeffrey and Brown Mary Beth
Purchase Details
Closed on
Jun 7, 2006
Sold by
Jewish Foundation For
Bought by
Brown Brown Jeffrey Jeffrey and Brown Mary Beth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.62%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
May 31, 2006
Sold by
Jewish Foundation For
Bought by
Brown Brown Jeffrey Jeffrey and Brown Mary Beth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.62%
Mortgage Type
Stand Alone Second
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 |
|---|---|---|---|
| Singleton Group Llc | $1,450,000 | None Listed On Document | |
| Brown Jeffrey | $10,000 | Ocean Investments Title Corp | |
| Brown Brown Jeffrey Jeffrey | $1,000,000 | -- | |
| Brown Brown Jeffrey Jeffrey | $1,000,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Singleton Group Llc | $1,087,500 | |
| Previous Owner | Brown Jeffrey L | $952,000 | |
| Previous Owner | Brown Jeffrey L | $1,000,000 | |
| Previous Owner | Brown Jeffrey L | $170,000 | |
| Previous Owner | Brown Jeffrey | $300,000 | |
| Previous Owner | Brown Jeffrey | $1,293,750 | |
| Previous Owner | Brown Jeffrey | $1,000,000 | |
| Previous Owner | Brown Jeffrey | $225,000 | |
| Previous Owner | Brown Brown Jeffrey Jeffrey | $200,000 | |
| Previous Owner | Brown Brown Jeffrey Jeffrey | $750,000 | |
| Previous Owner | Brown Brown Jeffrey Jeffrey | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2023 08/07/23 | For Sale | $1,450,000 | 0.0% | $717 / Sq Ft |
| 08/04/2023 08/04/23 | Sold | $1,450,000 | -- | $717 / Sq Ft |
| 08/04/2023 08/04/23 | Pending | -- | -- | -- |
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 | $8,929 | $724,167 | $0 | $0 |
| 2024 | $8,929 | $639,933 | $0 | $0 |
| 2023 | $7,810 | $555,700 | $388,900 | $166,800 |
| 2022 | $7,791 | $554,367 | $0 | $0 |
| 2021 | $7,815 | $553,033 | $0 | $0 |
| 2020 | $7,795 | $551,700 | $386,100 | $165,600 |
| 2019 | $7,848 | $551,700 | $386,100 | $165,600 |
| 2018 | $7,770 | $551,700 | $386,100 | $165,600 |
| 2017 | $7,793 | $551,700 | $0 | $0 |
| 2016 | $8,067 | $551,700 | $0 | $0 |
| 2015 | $8,634 | $551,700 | $0 | $0 |
| 2014 | $8,634 | $590,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Riley
-
Chris Jett
Seller Co-Listing Agent in 2023
Chris Jett
RE/MAX
(443) 523-2360
170 in this area
219 Total Sales
-
Carol Proctor
Buyer's Agent in 2023
Carol Proctor
BHHS PenFed (actual)
(443) 567-0650
406 in this area
557 Total Sales
About Fountainhead Tower
Map
Source: Bright MLS
MLS Number: MDWO2015614
APN: 10-144299
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