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Off market
  • $503,500

    501 Penguin Dr #11B02, Ocean City, MD 21842

    3beds
    1,189sqft
    SingleFamily
    Built in 1983
    -- sqft lot
    $503,500 Zestimate®
    $423/sqft
    $2,645 Estimated rent

    Home value

    $503,500

    $463,000 - $549,000

    $2,645/mo

    Zestimate® history
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    $2,645/mo

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    $3,321/mo

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    $3,321/mo

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    What's special

    Welcome to Crab Cove on 32nd Street! This 3-bedroom canal front townhouse includes an exclusive use boat slip #11 with direct access to the Assawoman Bay. The current owner has upgraded hardwood floors in the living room, dining area, and master bedroom as well as having a new washer and ventless dryer installed on the 2nd floor. Crab Cove is a self-managed community that has upgraded and maintained the complex including vinyl siding, roofing, blacktop parking lot, and pool. Two assigned parking spots on the surface lot are included with the property. A private boat ramp is part of the community and provides easy access for owners to drop a boat into the canal. Currently not a rental property, however, it could be a great rental!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Electric
    Cooling
    • Wall
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Ceiling Fan(s), Window Treatments, Recessed Lighting, Dining Area, Carpet, Open Floorplan, Master Bath(s), Combination Dining/Living, Combination Kitchen/Dining, Tub Shower
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,189 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    Features
    • Exterior features: Vinyl
    • Pool features: Community, Fenced
    • On waterfront: Yes
    Details
    • Parcel number: 10230624
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Side-by-Side
    Condition
    • Year built: 1983

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $245 monthly
    Location
    • Region: Ocean City
    • Municipality: Ocean City

    Financial & listing details

    • Price per square foot: $423/sqft
    • Tax assessed value: $373,667
    • Annual tax amount: $5,118

    Price history

    DateEventPrice
    7/16/2020Sold$315,000-1.3%$265/sqft
    Source: Public Record Report a problem
    5/25/2020Pending sale$319,000$268/sqft
    Source: Keller Williams Realty Delmarva #MDWO113886 Report a problem
    5/21/2020Listed for sale$319,000+4.6%$268/sqft
    Source: Keller Williams Realty Delmarva #MDWO113886 Report a problem
    12/1/2006Sold$305,000+0.8%$257/sqft
    Source: Public Record Report a problem
    4/13/2004Sold$302,500+204.6%$254/sqft
    Source: Public Record Report a problem
    7/7/1999Sold$99,300$84/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,118 +13.2%$373,667 +15.7%
    2024$4,520 +17.8%$322,933 +18.6%
    2023$3,837 $272,200
    2022$3,837 -0.2%$272,200
    2021$3,846 $272,200
    2020$3,846 +1.4%$272,200
    2019$3,794 +2.8%$272,200 +4.2%
    2018$3,689 +2.2%$261,133 +2.2%
    2017$3,609 +23.3%$255,600 +2.2%
    2016$2,928 $250,033 +2.3%
    2015$2,928 $244,467 +2.3%
    2014$2,928 $238,900
    2013-- $238,900
    2012-- $238,900 -2.1%
    2011-- $244,010
    2010-- $244,010 0%
    2009-- $244,020 -13.2%
    2008-- $281,260 +16.5%
    2007-- $241,406 +16.9%
    2006-- $206,453 +27.7%
    2005-- $161,700 +16.2%
    2004-- $139,132 +19.4%
    2003-- $116,566 +24%
    2002-- $94,000 +3.7%
    2001-- $90,666
    Find assessor info on the county website

    Neighborhood: Midtown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: WORCESTER COUNTY PUBLIC SCHOOLS

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $503,500
    2% more
    +$10,070
    With Zillow Showcase(estimated)
    $513,570