NOT LISTED FOR SALE

Estimated Value: $421,482 - $451,000

1 Bed
1 Bath
810 Sq Ft
$423/mo HOA Fee

Last Sold August 31, 2023

Last sale price $439,900 $543 Per Sq Ft

Current estimated payment $3,110/month

19 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Community Pool
  • Ocean City Elementary School Rated A
  • Coastal Architecture
  • 2-minute walk to Jamestown Park

About This Home

As of August 2023

Be sure to check out this beautiful oceanfront condo with stunning views from your spacious oceanside and bayside balconies. High-end Kitchenaid stainless steel appliances less than two years ago. New HVAC 3 years ago and quality LVP installed throughout. Bathroom updates include Carrara marble vanity/sink, mirror, lighting, and toilet. New lighting is also in the dining area and kitchen. Plenty of room for additional sleeping in the main living area.
Fountainhead is known as a well-managed and maintained popular building in Ocean City. The swimming pool has generous decking, lounges, and table seating with umbrellas. You also enjoy easy access to the fenced lower grassy yard with Adirondack chairs around the firepit plus a Pergola, and Gas Grill. There is also an area along the walkway to shower off when coming back from the beach. Tennis/pickleball court!

Last Agent to Sell the Property

Anne Koster

Coldwell Banker Realty License #510613 Listed on: 07/28/2023

Coldwell Banker Realty

Last Buyer's Agent

Phillip Knight

Northrop Realty License #rs0025919

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,059

Year Built

  • Built in 1973

HOA Fees

  • $423 Monthly HOA Fees

Property Views

  • Panoramic

Home Design

  • Coastal Architecture

Interior Spaces

  • 810 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Combination Dining and Living Room

Kitchen

  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Parking

  • Parking Lot
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Doors are 32 inches wide or more
  • Multiple Balconies

Listing and Financial Details

  • Tax Lot 1202
  • Assessor Parcel Number 2410144183

Community Details

Overview

  • Association fees include cable TV, common area maintenance, management, pool(s), reserve funds, trash, water
  • High-Rise Condominium
  • Fountainhead Towers Community
  • Property Manager

Amenities

  • Common Area
  • Elevator

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,059

Year Built

Built in 1973

Lot Details

0

HOA Fees

$423 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Coastal
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Condominium
  • Exclusions: Furnishings
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-29
  • Federal Flood Zone: No
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Exhaust Fan, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 12
  • Flooring Type: Luxury Vinyl Plank, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Window Treatments
  • Window Features: Energy Efficient, Screens
  • Levels Count: 1
  • Room Count: 3
  • Basement: No
  • Total Sq Ft: 810
  • Living Area Sq Ft: 810
  • Price Per Sq Ft: 543.09
  • 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: Block, Concrete, Combination
  • View: Ocean, Bay, Panoramic
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 423.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts, Security, Elevator, Common Grounds
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Management, Pool(s), Reserve Funds, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple
  • Year Assessed: 2023
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3059.00
  • Assessor Parcel Number: 2410144183
  • Tax Lot: 1202
  • Tax Total Finished Sq Ft: 810
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 08/31/2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Aug 31, 2023
Sold by
Koster Anne F
Bought by
Phillipeck Mark V and Phillipeck Lisa M
Seller's Agent
Anne Koster
Coldwell Banker Realty
Buyer's Agent
Phillip Knight
Northrop Realty
List Price
$439,900
Sold Price
$439,900
Views
3
Current Estimated Value
$438,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,779
Avg. Annual Appreciation
0.91%

Purchase Details

Listed on
Jul 6, 2019
Closed on
Jan 2, 2020
Sold by
Adams Melvin G and Karolchi Joseph E
Bought by
Koster Anne F
Seller's Agent
Timothy Meadowcroft
Long & Foster Real Estate, Inc.
Buyer's Agent
Anne Koster
Coldwell Banker Realty
List Price
$269,900
Sold Price
$240,000
Premium/Discount to List
-$29,900
-11.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.00%
Original Mortgage
$228,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2007
Sold by
Watson Larry L and Watson Shirley M
Bought by
Karolchik Adams Melvin G and Karolchik Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2007
Sold by
Watson Larry L and Watson Shirley M
Bought by
Karolchik Adams Melvin G and Karolchik Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 1989
Sold by
Culp Henry L
Bought by
Watson Larry L and Watson Shirley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
10.19%
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
Phillipeck Mark V $439,900 None Listed On Document
Koster Anne F $240,000 Mid Atlantic Setmnt Svcs Llc
Karolchik Adams Melvin G $370,000 --
Karolchik Adams Melvin G $370,000 --
Watson Larry L $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koster Anne F $228,000
Previous Owner Koster Anne F $228,000
Previous Owner Karolchik Joseph E $287,850
Previous Owner Karolchik Adams Melvin G $55,500
Previous Owner Karolchik Adams Melvin G $296,000
Previous Owner Karolchik Adams Melvin G $296,000
Previous Owner Watson Larry L $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $439,900 0.0% $543 / Sq Ft
07/28/2023 07/28/23 For Sale $439,900 +83.3% $543 / Sq Ft
01/02/2020 01/02/20 Sold $240,000 -7.7% $296 / Sq Ft
11/19/2019 11/19/19 Pending -- -- --
11/15/2019 11/15/19 Price Changed $259,900 -3.7% $321 / Sq Ft
07/06/2019 07/06/19 For Sale $269,900 -- $333 / 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 $2,857 $230,800 $161,500 $69,300
2022 $2,791 $217,033 $0 $0
2021 $2,741 $203,267 $0 $0
2020 $2,677 $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: MDWO2015408

Bright MLS

APN: 10-144183