Seller's Agent in 2021
Cheryl Potenza
Coldwell Banker Realty
(410) 845-9759
9 in this area
9 Total Sales
11700 Coastal Hwy Unit T703 Ocean City, MD 21842
Estimated Value: $508,000 - $591,000
2
Beds
2
Baths
936
Sq Ft
$571/mo
HOA Fee
Highlights
- 50 Feet of Waterfront
- Beach
- Bar or Lounge
- Ocean City Elementary School Rated A
- Access to Tidal Water
- 3-minute walk to Jamestown Park
About This Home
As of December 2021Welcome to The Carousel - where there are amenities like no other building in Ocean City. This is a two bedroom deluxe unit - with a direct oceanfront balcony in the living room and master bedroom. Great for catching the most amazing sunrises. Of if you prefer - you can view the most breathtaking sunsets from your dedicated bayside balcony. Professionally managed by The Carousel Rental Department - you can expect rental income between $30,000 and $40,000 annually. Recently renovated in 2021 complete with a brand new HVAC system and new appliances - your worry free lifestyle awaits. You and your guests will enjoy Indoor and outdoor heated swimming pools, a fitness center and sauna, several restaurants to choose from, Starbucks products available, 24 hour Security, plenty of parking including a covered garage, in house management and of course - an indoor ice skating rink that is open all year! It doesn't get much better. Come and see for yourself!
Last Agent to Sell the Property
(410) 845-9759 cheryl.potenza@cbmove.com Coldwell Banker Realty License #669125 Listed on: 11/24/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,474
Year Built
- Built in 1975
Lot Details
- 50 Feet of Waterfront
- West Facing Home
- Open Lot
HOA Fees
- $571 Monthly HOA Fees
Parking
- 150 Car Detached Garage
- 150 Open Parking Spaces
- Handicap Parking
- Lighted Parking
- On-Street Parking
- Parking Lot
- Unassigned Parking
Home Design
- Entry on the 7th floor
Interior Spaces
- 936 Sq Ft Home
- Furnished
- Ceiling Fan
- Sliding Windows
- Window Screens
- Sliding Doors
Kitchen
- Stove
- Cooktop
- Built-In Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Electric Dryer
- Washer
Home Security
Accessible Home Design
- Accessible Elevator Installed
- Doors swing in
- No Interior Steps
Outdoor Features
- Access to Tidal Water
- Water Oriented
- Property is near an ocean
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot T703
- Assessor Parcel Number 2410147530
Community Details
Overview
- Association fees include cable TV, common area maintenance, health club, high speed internet, management, pool(s), recreation facility, reserve funds, sauna, snow removal, trash
- 4 Elevators
- High-Rise Condominium
- Carousel Center Condominium Condos, Phone Number (410) 524-4865
- Carousel Community
- Property Manager
- Property has 7 Levels
Amenities
- Gift Shop
- Sauna
- Game Room
- Bar or Lounge
Recreation
- Beach
- Volleyball Courts
- Community Playground
- Fitness Center
- Community Indoor Pool
- Heated Community Pool
- Community Spa
Pet Policy
- Pets Allowed
Security
- 24-Hour Security
- Storm Windows
- Storm Doors
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 24, 2021
Closed on
Dec 20, 2021
Sold by
Mccoy William and Mccoy Laura
Bought by
Marchese Robert J and Marchese Frances
Seller's Agent
Cheryl Potenza
Coldwell Banker Realty
Buyer's Agent
Rob Bouse
RE/MAX Advantage Realty
List Price
$415,000
Sold Price
$420,000
Premium/Discount to List
$5,000
1.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,275
Avg. Annual Appreciation
7.12%
Purchase Details
Closed on
Oct 27, 1992
Sold by
Patten Gloria J
Bought by
L B C E R Trust
Purchase Details
Closed on
Jan 19, 1981
Sold by
Gordon Forest and Gordon Gema
Bought by
Patten Gloria J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
14.85%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Marchese Robert J | $420,000 | Capitol Title Group | |
| Marchese Robert J | $420,000 | Capitol Title | |
| L B C E R Trust | $115,000 | -- | |
| Patten Gloria J | $79,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Patten Gloria J | $59,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2021 12/20/21 | Sold | $420,000 | +1.2% | $449 / Sq Ft |
| 12/02/2021 12/02/21 | Pending | -- | -- | -- |
| 11/24/2021 11/24/21 | For Sale | $415,000 | -- | $443 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,275 | $459,533 | $0 | $0 |
| 2024 | $5,524 | $395,867 | $0 | $0 |
| 2023 | $4,669 | $332,200 | $232,500 | $99,700 |
| 2022 | $4,449 | $316,600 | $0 | $0 |
| 2021 | $4,253 | $301,000 | $0 | $0 |
| 2020 | $4,048 | $285,400 | $199,700 | $85,700 |
| 2019 | $4,060 | $285,400 | $199,700 | $85,700 |
| 2018 | $4,020 | $285,400 | $199,700 | $85,700 |
| 2017 | $4,101 | $292,900 | $0 | $0 |
| 2016 | -- | $288,867 | $0 | $0 |
| 2015 | $3,819 | $284,833 | $0 | $0 |
| 2014 | $3,819 | $280,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Potenza
-
Rob Bouse
Buyer's Agent in 2021
Rob Bouse
RE/MAX
(443) 783-6655
68 in this area
88 Total Sales
-
Anne-Marie Bouse
Buyer Co-Listing Agent in 2021
Anne-Marie Bouse
RE/MAX
(443) 783-7654
77 in this area
111 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2003708
APN: 10-147530
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