NOT LISTED FOR SALE

11615 Shipwreck Rd Unit 4 Ocean City, MD 21842

Estimated Value: $362,394 - $615,000

2 Beds
2 Baths
1,025 Sq Ft
$158/mo HOA Fee

Last Sold July 31, 2017

Last sale price $322,500 $315 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,848/month

32 Days on Market

Highlights

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

About This Home

As of July 2017

Expansive Water Views! Spectacular Sunsets from a Private Balcony! LOW Condo Fees! $158/Month. Much Less than Comparable Buildings. Direct Bayfront featuring 2 Bedrooms/2 Baths. Tastefully Furnished Unit has been Updated to include Granite Counters, Stainless Appliances, New Cabinets, Carpet and Ceramic Tile in the Kitchen and Dining Room. Upgraded to Central HVAC. Similar units have Thru the Wall Units and Baseboard. 2nd Floor South End Unit in a Very Quiet Location. Never Rented! Move in and Enjoy your Summer. Boat Dock with 6,000lb Lift! Dock is in a Protected Canal! Off Street Assigned Parking Space! No Pets. This is a MUST SEE property!

Last Agent to Sell the Property

Maryellen Rosenblit

(410) 430-9522 maryellen.rosenblit@cbmove.com Coldwell Banker Realty Listed on: 06/10/2017

Coldwell Banker Realty

Last Buyer's Agent

Melanie Shoff

(443) 373-8399 melsellsthebeaches@gmail.com Coastal Life Realty Group LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1973

Lot Details

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

HOA Fees

  • $158 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,025 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Bay Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • 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

  • Water Access
  • Property near a bay
  • Bulkhead
  • Electric Hoist or Boat Lift
  • 1 Boat Dock
  • Balcony
  • Deck
  • Storage Shed

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 128919

Community Details

Overview

  • 9 Units
  • Low-Rise Condominium
  • Shoals Community

Recreation

  • Pier or Dock

Security

  • Storm Doors

Property Details

Home Type

Condominium

Year Built

Built in 1973

Lot Details

0

HOA Fees

$158 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: Complete List in Documents.
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Exhaust Fan(s)
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Oven/Range - Electric, Icemaker, Refrigerator, Washer/Dryer Stacked
  • Entry Floor: 2
  • Interior Amenities: Primary Bedroom - Bay Front, Ceiling Fan(s), Crown Moldings, Upgraded Countertops, Window Treatments
  • Window Features: Screens
  • Door Features: Storm
  • Foundation Details: Block
  • Levels Count: 1
  • Living Area Units: Square Feet
  • Total Sq Ft: 1025
  • Living Area Sq Ft: 1025
  • Price Per Sq Ft: 326.73
  • Above Grade Finished Sq Ft: 1025
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Masonry, Brick, Concrete, Stucco, 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, Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • 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: 1900.00
  • 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, Cleared, Cul-De-Sac
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5407849
  • Assessor Parcel Number: 128919
  • Tax Lot: 4
  • 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
Jun 10, 2017
Closed on
Jul 31, 2017
Sold by
Vernet Frank G and Vernet Ruth J
Bought by
Mulchandani Kabir and Mulchandani Sonu
Seller's Agent
Maryellen Rosenblit
Coldwell Banker Realty
Buyer's Agent
Melanie Shoff
Coastal Life Realty Group LLC
List Price
$359,000
Sold Price
$322,500
Premium/Discount to List
-$36,500
-10.17%
Current Estimated Value
$464,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,349
Avg. Annual Appreciation
4.47%
Original Mortgage
$241,875
Outstanding Balance
$201,498
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$263,351

Purchase Details

Closed on
Aug 17, 2005
Sold by
Briden Robert X and Briden Sharron L.
Bought by
Vernet Frank G and Vernet Ruth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
5.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2005
Sold by
Briden Robert X and Briden Sharron L.
Bought by
Vernet Frank G and Vernet Ruth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
5.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 1999
Sold by
Abbott Donald W and Abbott Paola
Bought by
Briden Robert X and Trustees
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mulchandani Kabir $322,500 Ocean Investments Title Corp
Vernet Frank G $332,500 --
Vernet Frank G $332,500 --
Briden Robert X $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulchandani Kabir $241,875
Previous Owner Vernet Frank G $266,000
Previous Owner Vernet Frank G $266,000
Closed Briden Robert X --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2017 07/31/17 Sold $322,500 -10.2% $315 / Sq Ft
07/01/2017 07/01/17 Pending -- -- --
06/10/2017 06/10/17 For Sale $359,000 -- $350 / 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 $2,939 $215,200 $0 $0
2024 $2,717 $194,700 $0 $0
2023 $2,448 $174,200 $87,100 $87,100
2022 $2,448 $174,200 $87,100 $87,100
2021 $2,462 $174,200 $87,100 $87,100
2020 $2,461 $174,200 $87,100 $87,100
2019 $2,478 $174,200 $87,100 $87,100
2018 $2,453 $174,200 $87,100 $87,100
2017 $2,461 $174,200 $0 $0
2016 -- $174,200 $0 $0
2015 $2,780 $174,200 $0 $0
2014 $2,780 $184,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maryellen Rosenblit

    Seller's Agent in 2017

    Maryellen Rosenblit

    Coldwell Banker Realty

    (410) 430-9522

    34 in this area

    43 Total Sales

    Maryellen Rosenblit
    Section Image
  • Melanie Shoff

    Buyer's Agent in 2017

    Melanie Shoff

    Coastal Life Realty Group LLC

    (443) 373-8399

    116 in this area

    214 Total Sales

    Melanie Shoff
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000515656

Bright MLS

APN: 10-128919

Maryland Worcester County Ocean City 21842

11615 Shipwreck Rd Unit 4, Ocean City, MD

Not Listed for Sale

Condos

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