NOT LISTED FOR SALE

11615 Shipwreck Rd Unit 7 Ocean City, MD 21842

Estimated Value: $315,000 - $376,148

2 Beds
2 Baths
1,025 Sq Ft
$283/mo HOA Fee

Last Sold July 31, 2024

Last sale price $354,900 $346 Per Sq Ft

Current estimated payment $2,397/month

19 Days on Market

Highlights

  • Electric Baseboard Heater
  • Ocean City Elementary School Rated A
  • Dogs and Cats Allowed

About This Home

As of July 2024

One of the best direct bayfront views in Ocean City!! Tons of potential in this 2 br 2 bath condo. Located on the 3rd floor, south end, this condo has a large balcony that stretches the width of the living room and bayfront bedroom, as well as southside windows that bring in the sun and bay views. Also included is a deeded pier and dock, that can fit a 20' - 22' boat. Not a rental, so the whole summer is open for immediate occupancy. It is a self managed building with a very active/ hands on association. The roof was just replaced, and 4 windows in the condo are new. Low condo fees with a good reserve. Being sold ' As Is."

Last Agent to Sell the Property

Gail Crosby

(443) 235-4906 gailcrosbyrealtor@gmail.com Resort Real Estate Inc License #86842 Listed on: 06/06/2024

Co-Listed By

James Crosby

(443) 513-0506 jamescrosbyrealtor@gmail.com Resort Real Estate Inc License #647043

Last Buyer's Agent

Chantal Apple

(410) 524-0919 chantal.apple@evrealestate.com Atlantic Shores Sotheby's International Realty License #525472

Atlantic Shores Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,456

Year Built

  • Built in 1973

HOA Fees

  • $283 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,025 Sq Ft Home
  • Property has 3 Levels
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Location

  • Flood Risk

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 2410130026

Community Details

Overview

  • Association fees include common area maintenance
  • Low-Rise Condominium
  • Shoals Community

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,456

Year Built

Built in 1973

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
  • Ownership: Condominium
  • Inclusions: sold as seen
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1025
  • Living Area Sq Ft: 1025
  • Price Per Sq Ft: 346.24
  • Above Grade Finished Sq Ft: 1025
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 850.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit, Size/Weight Restriction, Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 2456.00
  • Assessor Parcel Number: 2410130026
  • Tax Lot: 7
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Jul 26, 2024
Sold by
Fan Pak-Kin and Fan Yui-Han
Bought by
Romano Michael and Romano Amy Lizbeth
Seller's Agent
Gail Crosby
Resort Real Estate Inc
Buyer's Agent
Chantal Apple
Atlantic Shores Sotheby's International Realty
List Price
$354,900
Sold Price
$354,900
Views
159
Current Estimated Value
$355,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387
Avg. Annual Appreciation
0.08%

Purchase Details

Closed on
Sep 11, 1990
Sold by
Cannon Gary A and Cannon Cindi L
Bought by
Fan Pak-Kin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,200
Interest Rate
10.19%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Romano Michael $354,900 Eastern Title & Settlements
Romano Michael $354,900 Eastern Title & Settlements
Fan Pak-Kin $71,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fan Pak-Kin $57,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold $354,900 0.0% $346 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
06/07/2024 06/07/24 Price Changed $354,900 -6.4% $346 / Sq Ft
06/07/2024 06/07/24 Price Changed $379,000 -1.6% $370 / Sq Ft
06/07/2024 06/07/24 Price Changed $385,000 +8.5% $376 / Sq Ft
06/06/2024 06/06/24 For Sale $354,900 -- $346 / 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 $2,456 $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

  • G

    Seller's Agent in 2024

    Gail Crosby

    Resort Real Estate Inc

    (443) 235-4906

    11 in this area

    11 Total Sales

    Gail Crosby
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    James Crosby

    Resort Real Estate Inc

    (443) 513-0506

    11 in this area

    11 Total Sales

    James Crosby
    Section Image

  • C

    Buyer's Agent in 2024

    Chantal Apple

    Atlantic Shores Sotheby's International Realty

    (410) 524-0919

    8 in this area

    20 Total Sales

    Chantal Apple
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2021002

Bright MLS

APN: 10-130026

Maryland Worcester County Ocean City 21842

11615 Shipwreck Rd Unit 7, Ocean City, MD

Not Listed for Sale

Condos

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