NOT LISTED FOR SALE

11607 Shipwreck Rd Unit 302 Ocean City, MD 21842

Estimated Value: $356,000 - $443,000

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

Last Sold April 19, 2018

Last sale price $222,000 $210 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,659/month

177 Days on Market

Highlights

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

About This Home

As of April 2018

Absolutely spectacular bayfront views from this well maintained 2 bed 2 bath condo. You almost feel like you are on a ship! Gorgeous sunsets you just can't beat anywhere. Ductless central heat/ac unit installed in 2012. Living Room furniture and carpets were done in 2013. Wood burning fireplace makes this condo a cozy year round retreat. Unit has been a great rental. Shipwreck offers short term boat tie up for owners on their community dock on a first come first serve basis. Great place to crab and fish as well! Building was painted and waterproofed in 2016.

Last Agent to Sell the Property

Jennifer Cropper-Rines

(443) 614-6215 jennifer@cropperrines.com Coldwell Banker Realty Listed on: 10/05/2017

Coldwell Banker Realty

Co-Listed By

George Rines

(410) 603-6382 george@cropperrines.com Coldwell Banker Realty License #517366

Last Buyer's Agent

Brittani Phillips

(443) 504-5281 brittani.phillips@era.com ERA Martin Associates, Shamrock Division

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • Home fronts navigable water
  • Cul-De-Sac
  • West Facing Home
  • Cleared Lot

HOA Fees

  • $283 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Block Foundation
  • Built-Up Roof
  • Stick Built Home
  • Masonry

Interior Spaces

  • 1,056 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Bay Views
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Home Security

Parking

  • 1 Parking Garage Space
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property near a bay
  • Bulkhead
  • Balcony

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 302
  • Assessor Parcel Number 130859

Community Details

Overview

  • Low-Rise Condominium
  • Shipwreck Community

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: All electronics (including tvs), contents of all closets and cabinets and all kitchen items
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Entry Floor: 3
  • Interior Amenities: Primary Bedroom - Bay Front, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace Features: Wood, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1056
  • Living Area Sq Ft: 1056
  • Price Per Sq Ft: 217.71
  • 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, Concrete, Stick Built
  • Construction Completed: No
  • 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
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 464.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3400.00
  • Condo Co-Op Fee Frequency: Annually
  • 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, Cleared, Cul-De-Sac
  • Outdoor Living Structures: Balcony
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5408008
  • Assessor Parcel Number: 130859
  • Tax Lot: 302
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2017
Closed on
Apr 19, 2018
Sold by
Burke Charles E and Burke Gwen A
Bought by
Safaie Ava and Safaie Arian
Seller's Agent
Jennifer Cropper-Rines
Coldwell Banker Realty
Buyer's Agent
Brittani Phillips
ERA Martin Associates, Shamrock Division
List Price
$235,000
Sold Price
$222,000
Premium/Discount to List
-$13,000
-5.53%
Current Estimated Value
$399,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,557
Avg. Annual Appreciation
8.00%

Purchase Details

Closed on
Oct 14, 1998
Sold by
Dennis Denenberg
Bought by
Burke Charles E

Purchase Details

Closed on
Jan 8, 1986
Sold by
Herbert Bernard Freeman
Bought by
Denenberg Dennis
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
Safaie Ava $222,000 Bright Title & Settlement Se
Burke Charles E $86,000 --
Denenberg Dennis $81,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Burke Charles E --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2018 04/19/18 Sold $222,000 -3.4% $210 / Sq Ft
03/31/2018 03/31/18 Pending -- -- --
02/16/2018 02/16/18 Price Changed $229,900 -2.2% $218 / Sq Ft
10/05/2017 10/05/17 For Sale $235,000 -- $223 / 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 $2,743 $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

  • Jennifer Cropper-Rines

    Seller's Agent in 2018

    Jennifer Cropper-Rines

    Coldwell Banker Realty

    (443) 614-6215

    18 in this area

    39 Total Sales

    Jennifer Cropper-Rines
    Section Image

  • G

    Seller Co-Listing Agent in 2018

    George Rines

    Coldwell Banker Realty

    (410) 603-6382

    8 in this area

    40 Total Sales

    George Rines
    Section Image
  • Brittani Phillips

    Buyer's Agent in 2018

    Brittani Phillips

    ERA Martin Associates, Shamrock Division

    (443) 504-5281

    14 in this area

    34 Total Sales

    Brittani Phillips
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000520302

Bright MLS

APN: 10-130859

Maryland Worcester County Ocean City 21842

11607 Shipwreck Rd Unit 302, Ocean City, MD

Not Listed for Sale

Condos

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