NOT LISTED FOR SALE

11607 Shipwreck Rd Unit 204 Ocean City, MD 21842

Estimated Value: $358,000 - $443,000

2 Beds
2 Baths
1,056 Sq Ft
$283/mo HOA Fee

Last Sold January 19, 2018

Last sale price $220,000 $208 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,647/month

175 Days on Market

Highlights

  • Primary bedroom faces the bay
  • Pier or Dock
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Bay View

About This Home

As of January 2018

WOW...BAY FRONT WELL MAINTAINED TWO BEDROOM, TWO BATH UNIT. USED BY OWNERS ONLY AND IT SHOWS. TAKE YOUR SEAT ON THE PRIVATE BALCONY, ENJOY A COOL BEVERAGE AND WATCH THOSE BEAUTIFUL SUNSETS FROM YOUR 2ND FLOOR CONDO IN NORTH OCEAN CITY, MD. VERY QUITE AND PEACEFUL BUILDING. FEW OWNERS RENT. COMMON DECK FOR SUNNING, CRABBING AND FISHING. PARALLEL DOCKING AVAILABLE FIRST COME. ASSIGNED PARKING AND MORE ON THE STREET.

Last Agent to Sell the Property

Terri Moran

(443) 235-5467 tmoran@cbmove.com Coldwell Banker Realty Listed on: 06/30/2017

Coldwell Banker Realty

Last Buyer's Agent

Suzanah Cain

(410) 430-2118 suzanahoc@aol.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS0014975

Berkshire Hathaway HomeServices PenFed Realty - OP

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • Home fronts navigable water
  • West Facing Home

HOA Fees

  • $283 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Built-Up Roof
  • Piling Construction
  • Stick Built Home
  • Masonry

Interior Spaces

  • 1,056 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Bay Views
  • Stacked Washer and Dryer

Kitchen

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

Bedrooms and Bathrooms

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

Home Security

Parking

  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property near a bay
  • Bulkhead
  • Dock Against Bulkhead
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

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

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 204
  • Assessor Parcel Number 129516

Community Details

Overview

  • 9 Units
  • Low-Rise Condominium
  • Shipwreck Community

Recreation

  • Pier or Dock

Security

  • Storm Doors

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

0

HOA Fees

$283 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Curio Cab & contents in living room; all wall hangings, misc. decor items & Knick Knacks.
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Exhaust Fan(s),Window A/C Unit(s)
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Oven/Range - Electric, Icemaker, Washer/Dryer Stacked
  • Entry Floor: 2
  • Interior Amenities: Primary Bedroom - Bay Front, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Door Features: Storm
  • Foundation Details: Pilings
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen
  • Living Area Units: Square Feet
  • Total Sq Ft: 1056
  • Living Area Sq Ft: 1056
  • Price Per Sq Ft: 222.44
  • Above Grade Finished Sq Ft: 1056
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Brick, Concrete, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Water Frontage Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Off Street, Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3400.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pier/Dock
  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Bulkheaded
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5407890
  • Assessor Parcel Number: 129516
  • Tax Lot: 204
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Landes Eric Vaughn
Bought by
Landes Eric Vaughn and Vanlandes Mary Van
Current Estimated Value
$397,383

Purchase Details

Listed on
Jun 30, 2017
Closed on
Jan 19, 2018
Sold by
Giorgi Pearl E
Bought by
Landes Eric Vaughan
Seller's Agent
Terri Moran
Coldwell Banker Realty
Buyer's Agent
Suzanah Cain
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$239,500
Sold Price
$220,000
Premium/Discount to List
-$19,500
-8.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$110,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 1993
Sold by
Boyarsky Max and Boyarsky Irene
Bought by
Giorgi Peter A and Giorgi Pearl E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Landes Eric Vaughn -- Maryland Title
Landes Eric Vaughan $220,000 None Available
Giorgi Peter A $91,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Landes Eric Vaughan $110,000
Previous Owner Giorgi Peter A $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2018 01/19/18 Sold $220,000 -6.3% $208 / Sq Ft
12/23/2017 12/23/17 Pending -- -- --
10/31/2017 10/31/17 Price Changed $234,900 -1.9% $222 / Sq Ft
07/01/2017 07/01/17 For Sale $239,500 -- $227 / 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 $3,283 $240,400 $0 $0
2024 $3,025 $216,800 $0 $0
2023 $2,715 $193,200 $96,600 $96,600
2022 $2,715 $193,200 $96,600 $96,600
2021 $2,730 $193,200 $96,600 $96,600
2020 $2,730 $193,200 $96,600 $96,600
2019 $2,748 $193,200 $96,600 $96,600
2018 $2,721 $193,200 $96,600 $96,600
2017 $2,729 $193,200 $0 $0
2016 -- $193,200 $0 $0
2015 $3,117 $193,200 $0 $0
2014 $3,117 $205,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terri Moran

    Seller's Agent in 2018

    Terri Moran

    Coldwell Banker Realty

    (443) 235-5467

    28 in this area

    39 Total Sales

    Terri Moran
    Section Image
  • Suzanah Cain

    Buyer's Agent in 2018

    Suzanah Cain

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (410) 430-2118

    69 in this area

    352 Total Sales

    Suzanah Cain
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000518886

Bright MLS

APN: 10-129516

Maryland Worcester County Ocean City 21842

11607 Shipwreck Rd Unit 204, Ocean City, MD

Not Listed for Sale

Condos

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