NOT LISTED FOR SALE

11615 Shipwreck Rd Unit 9 Ocean City, MD 21842

Estimated Value: $379,000 - $462,000

2 Beds
2 Baths
1,025 Sq Ft
$183/mo HOA Fee

Last Sold May 07, 2021

Last sale price $335,000 $327 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,631/month

3 Days on Market

Highlights

  • Primary bedroom faces the bay
  • 1 Dock Slip
  • Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Fishing Allowed

About This Home

As of May 2021

Back-up offers will be entertained. Fabulous Waterfront location! End-unit condo with gorgeous views spanning left and right! Relax on the balcony and enjoy the view! Be entertained by the boat activities. There is a private boat slip available for your use so you can join in the water fun! Wind down the day with picture perfect sunsets. This is a 2 bedroom, 2 full bath condo with full kitchen, dining room and living room featuring a bar with stools facing the water! The property has been well cared for and is ready for new owners. Completely furnished for a fantastic weekend getaway, or more! Possible rental property may pay for itself!

Last Agent to Sell the Property

Mary Eldridge

(301) 346-3493 marymeldridge@gmail.com Samson Properties License #591412 Listed on: 04/01/2021

Samson Properties

Last Buyer's Agent

Madeleine Forrester

(443) 235-9838 madeleineforresteroc@gmail.com Coldwell Banker Realty License #667580

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,461

Year Built

  • Built in 1973

Lot Details

  • Home fronts navigable water
  • No Units Above
  • 1 Common Wall
  • Property is in excellent condition

HOA Fees

  • $183 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Transitional Architecture
  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Block Foundation
  • Masonry

Interior Spaces

  • 1,025 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Built-In Features
  • Bar
  • Crown Molding
  • Ceiling Fan
  • Window Screens
  • Sliding Doors
  • Living Room
  • Formal Dining Room
  • Bay Views

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the bay
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Stacked Electric Washer and Dryer

Home Security

Parking

  • Free Parking
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property near a bay
  • Bulkhead
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Dock Against Bulkhead
  • Multiple Balconies

Location

  • Flood Risk

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Wall Furnace
  • Vented Exhaust Fan
  • Electric Baseboard Heater
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 10-130468

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, water, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, reserve funds, trash
  • 9 Units
  • Low-Rise Condominium
  • The Shoals Condominium Condos, Phone Number (443) 257-0227
  • Shoals Community
  • Caine Harbor Mile Subdivision

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Boat Dock
  • Fishing Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,461

Year Built

Built in 1973

Lot Details

0

HOA Fees

$183 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Transitional, Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: All contents
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-04-01
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Laminated
  • Interior Amenities: Bar, Built-Ins, Ceiling Fan(s), Crown Moldings, Flat, Formal/Separate Dining Room, Kitchen - Galley, Primary Bath(s), Primary Bedroom - Bay Front, Stall Shower, Tub Shower, Upgraded Countertops
  • Window Features: Screens
  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Washer In Unit
  • Total Sq Ft: 1025
  • Living Area Sq Ft: 1025
  • Price Per Sq Ft: 317.07
  • 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
  • Construction Materials: Brick, Masonry
  • Spa: No
  • View: Bay
  • Water Access Features: Fishing Allowed
  • Water Access: Yes
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone, Free
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Wall Unit, Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Cable Tv Available, Electric Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 550.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: The Shoals Condominium
  • Condo Co-Op Phone: 443-257-0227
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Common Grounds, Picnic Area
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Water, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Reserve Funds, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Bulkheaded
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Excellent
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5407974
  • Tax Annual Amount: 2461.00
  • Assessor Parcel Number: 10-130468
  • Tax Lot: 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 7, 2021
Sold by
Gutierrez Michael
Bought by
Accetta John and Hutchison Barbara
Seller's Agent
Mary Eldridge
Samson Properties
Buyer's Agent
Madeleine Forrester
Coldwell Banker Realty
List Price
$325,000
Sold Price
$335,000
Premium/Discount to List
$10,000
3.08%
Current Estimated Value
$418,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,741
Avg. Annual Appreciation
4.98%
Original Mortgage
$235,000
Outstanding Balance
$232,226
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$186,515

Purchase Details

Closed on
Jun 3, 2011
Sold by
Deutsche Bank National Trust
Bought by
Gutierrez Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,250
Interest Rate
4.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2011
Sold by
Deutsch Bank National Trust Company
Bought by
Gutierez Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,250
Interest Rate
4.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2006
Sold by
Cangiano Patrick A
Bought by
Antal Richard A and Grier Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 2006
Sold by
Cangiano Patrick A
Bought by
Antal Richard A and Grier Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2005
Sold by
Jean Richwein B
Bought by
Cangiano Patrick A and Cangiano Rosemarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2000
Sold by
Richwein B Jean B and Richwein Roy M
Bought by
Richwein B Jean

Purchase Details

Closed on
Jun 9, 1998
Sold by
Moen Anthony J and Moen Eleanor
Bought by
Richwein B Jran B and Richwein Roy M

Purchase Details

Closed on
Nov 29, 1994
Sold by
Keith Webster B and Keith Patricia B
Bought by
Moen Anthony J
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
Accetta John $335,000 Dba Real Estate T&E
Gutierrez Michael $207,000 --
Gutierez Michael $207,000 Capitol Title
Gutierrez Michael $207,000 --
Antal Richard A $335,000 --
Antal Richard A $335,000 --
Cangiano Patrick A $290,000 --
Richwein B Jean -- --
Richwein B Jran B $90,000 --
Moen Anthony J $88,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Accetta John $235,000
Previous Owner Gutierrez Michael $155,250
Previous Owner Gutierrez Michael $155,250
Previous Owner Antal Richard A $301,500
Previous Owner Antal Richard A $301,500
Previous Owner Cangiano Patrick A $260,000
Closed Moen Anthony J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $335,000 +3.1% $327 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $325,000 -- $317 / 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 $2,473 $174,200 $0 $0
2016 $2,779 $174,200 $0 $0
2015 $2,779 $174,200 $0 $0
2014 $2,779 $184,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO121330

Bright MLS

APN: 10-130468