NOT LISTED FOR SALE

11610 Shipwreck Rd Unit A Ocean City, MD 21842

Estimated Value: $577,000 - $747,000

4 Beds
3 Baths
1,840 Sq Ft
$350/Sq Ft Est. Value

Last Sold June 01, 2018

Last sale price $297,000 $161 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $3,844/month

44 Days on Market

Highlights

  • 1 Boat Dock
  • Home fronts navigable water
  • Bay View
  • Ocean City Elementary School Rated A
  • Water Access
  • Deck

About This Home

As of June 2018

NO HOA FEES!! Water Front 4 Bedroom,3 full Bath located across the street from the bay. Bay views from your kitchen, and 3 bedrooms. Master bedroom has a deck that looks over your wide canal, have your coffee while enjoying your morning. Very large deck off the open concept Kitchen, Dining and Great-room with wood burning fire place. Dock your boat out your back door. Be on the bay the minute you leave the dock. Great location for many restaurants by land or sea. Great investment property. Home needs just a little TLC. Home is being SOLD AS IS.

Last Agent to Sell the Property

Taryn Walterhoefer

(443) 735-1524 tarynw810@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP Listed on: 02/19/2018

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Tracey Flora

(410) 925-0285 tflora@oconorhomes.com O'Conor, Mooney & Fitzgerald

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1982

Lot Details

  • 2,550 Sq Ft Lot
  • Lot Dimensions are 23x104x22x103
  • Home fronts navigable water
  • Cleared Lot

Property Views

  • Bay
  • Canal

Home Design

  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,840 Sq Ft Home
  • Property has 2.5 Levels
  • Skylights
  • Wood Burning Fireplace
  • Window Screens
  • Great Room
  • Dining Room
  • Crawl Space

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Cedar Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Bulkhead
  • 1 Boat Dock
  • Dock Against Bulkhead
  • Deck
  • Porch

Location

  • Flood Risk

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Shipwreck Community

Listing and Financial Details

  • Tax Lot 61B
  • Assessor Parcel Number 226147

Townhouse Details

Home Type

Townhome

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1982
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Interior Amenities: Cedar Closet(s), Skylight(s)
  • Window Features: Skylights, Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2.5
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Great Room
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1840
  • Living Area Sq Ft: 1840
  • Price Per Sq Ft: 176.63
  • Above Grade Finished Sq Ft: 1840
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Vinyl Siding, Stick Built
  • Construction Completed: No
  • Roof: Architectural Shingle
  • View: Bay, Canal, Water
  • Water Access: Yes
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • 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
  • Lot Size Acres: 0.05
  • Lot Dimensions: 23x104x22x103
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2550.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning Description: R2
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5416032
  • Assessor Parcel Number: 226147
  • Tax Lot: 61B
  • 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
Feb 19, 2018
Closed on
Jun 1, 2018
Sold by
Ausmus Family Lp
Bought by
Masteras Garry E and Masteras Linda J
Seller's Agent
Taryn Walterhoefer
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Tracey Flora
O'Conor, Mooney & Fitzgerald
List Price
$325,000
Sold Price
$297,000
Premium/Discount to List
-$28,000
-8.62%
Current Estimated Value
$644,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,000
Avg. Annual Appreciation
10.84%
Original Mortgage
$267,300
Outstanding Balance
$230,647
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$413,353

Purchase Details

Closed on
Oct 13, 1992
Sold by
Legard Ann
Bought by
Ausmus Charles and Ausmus Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
8.01%
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
Masteras Garry E $297,000 Ocean Invesments Title Corp
Ausmus Charles $98,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masteras Garry E $267,300
Closed Masteras Garry E $267,300
Previous Owner Ausmus Charles $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2018 06/01/18 Sold $297,000 -8.6% $161 / Sq Ft
04/08/2018 04/08/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $325,000 -- $177 / 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 $5,484 $401,600 $0 $0
2024 $4,866 $348,700 $0 $0
2023 $4,170 $295,800 $150,000 $145,800
2022 $3,981 $283,300 $0 $0
2021 $3,827 $270,800 $0 $0
2020 $3,664 $258,300 $150,000 $108,300
2019 $3,675 $258,300 $150,000 $108,300
2018 $3,638 $258,300 $150,000 $108,300
2017 $3,590 $260,400 $0 $0
2016 -- $252,900 $0 $0
2015 $4,174 $245,400 $0 $0
2014 $4,174 $237,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Taryn Walterhoefer

    Seller's Agent in 2018

    Taryn Walterhoefer

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 735-1524

    12 in this area

    59 Total Sales

    Taryn Walterhoefer
    Section Image
  • Tracey Flora

    Buyer's Agent in 2018

    Tracey Flora

    O'Conor, Mooney & Fitzgerald

    (410) 925-0285

    3 in this area

    5 Total Sales

    Tracey Flora
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001559090

Bright MLS

APN: 10-226147

Maryland Worcester County Ocean City 21842

11610 Shipwreck Rd Unit A, Ocean City, MD

Not Listed for Sale

Townhouses

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