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Off market
    • $496,400

    501 Penguin Dr #7A01, Ocean City, MD 21842

    3beds
    1,189sqft
    Condo
    Built in 1983
    -- sqft lot
    $496,400 Zestimate®
    $417/sqft
    $2,841 Estimated rent

    Home value

    $496,400

    $457,000 - $541,000

    $2,841/mo

    Zestimate® history
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    $2,841/mo

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    $3,269/mo

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    $3,269/mo

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    What's special

    Fantastic south facing end unit with 3 bedrooms, large expanded loft w/extra storage & a balcony off both 2nd floor BR's, 2 1/2 baths, wood burning FP, extra storage under the deck for all your beach toys and bikes, Private deck and deeded 30 ft boat slip. Exterior renovations include roof and bulkhead in 2016. AC units have recently been replaced. Fully furnished. Community pool. Close to restaurants and amusement park. Home Warranty. Buyer must honor summer rentals.

    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
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Features
    • Window Treatments
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,189 sqft

    Property

    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 10230586

    Construction

    Type & style
    • Home type: Condo
    Materials
    • Roof: Other
    Condition
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $417/sqft
    • Tax assessed value: $373,667
    • Annual tax amount: $5,118
    • Ownership: Condominium

    Price history

    DateEventPrice
    10/1/2020Sold$320,000+0.3%$269/sqft
    Source: Public Record Report a problem
    12/14/2018Listing removed$319,000$268/sqft
    Source: LONG AND FOSTER - OC #1001564290 Report a problem
    1/22/2018Price change$319,000+3.7%$268/sqft
    Source: Long and Foster - 11701 OC #510499 Report a problem
    5/25/2017Price change$307,500-0.5%$259/sqft
    Source: LONG AND FOSTER - OC #510499 Report a problem
    9/15/2016Price change$309,000-1%$260/sqft
    Source: Coldwell Banker Residential Brokerage - Ocean City/120th St #503823 Report a problem
    5/7/2016Listed for sale$312,000$262/sqft
    Source: Coldwell Banker Residential Brokerage - Ocean City/120th St #503823 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 +10.8%$255,600 +2.2%
    2016$3,256 $250,033 +2.3%
    2015$3,256 $244,467 +2.3%
    2014$3,256 $238,900
    2013-- $238,900
    2012-- $238,900 -11.9%
    2011-- $271,320
    2010-- $271,320
    2009-- $271,320 -15.2%
    2008-- $320,110 +16.8%
    2007-- $274,096 +14.8%
    2006-- $238,793 +31.2%
    2005-- $182,070 +19.5%
    2004-- $152,380 +24.2%
    2003-- $122,690 +31.9%
    2002-- $93,000 +1.8%
    2001-- $91,332
    Find assessor info on the county website

    Neighborhood: Midtown

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: OCEAN CITY
    • Middle: STEPHEN DECATUR
    • High: STEPHEN DECATUR
    • 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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    $496,400
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    +$9,928
    With Zillow Showcase(estimated)
    $506,328

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