7 40th St #202, Ocean City, MD 21842 is a condo home that contains 588 sq ft and was built in 1972. It contains 1 bathroom. This home last sold for $242,000 in March 2026.
The Zestimate for this house is $242,700. The Rent Zestimate for this home is $1,522/mo.
Sold for $242,000
Street View
$242,000
7 40th St #202, Ocean City, MD 21842
--beds
1baths
588sqft
Condo
Built in 1972
-- sqft lot
$242,700 Zestimate®
$412/sqft
$1,522 Estimated rent
Home value
$242,700
$216,000 - $272,000
$1,522/mo
Zestimate® history
Owner options
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$1,522/mo
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$1,522/mo
Rent Zestimate®
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$1,690/mo
Est. payment
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$1,690/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Other, Electric
Features
- Basement: Partially finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 588 sqft
Property
Details
- Parcel number: 10055156
Construction
Type & style
- Home type: Condo
Condition
- Year built: 1972
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $200 monthly
Location
- Region: Ocean City
Financial & listing details
- Price per square foot: $412/sqft
- Tax assessed value: $214,600
- Annual tax amount: $2,939
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Sold | $242,000+5.3%$412/sqft |
Source: Public Record Report a problem | ||
| 6/11/2007 | Sold | $229,900+2.6%$391/sqft |
Source: Public Record Report a problem | ||
| 10/15/2004 | Sold | $224,000$381/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,939 +17.1% | $214,600 +19.7% |
| 2024 | $2,509 +23.6% | $179,300 +24.5% |
| 2023 | $2,030 | $144,000 |
| 2022 | $2,030 -0.2% | $144,000 |
| 2021 | $2,035 | $144,000 |
| 2020 | $2,035 -0.7% | $144,000 |
| 2019 | $2,049 +0.7% | $144,000 |
| 2018 | $2,034 -10.2% | $144,000 -10.3% |
| 2017 | $2,266 +5% | $160,500 +3.5% |
| 2016 | $2,159 | $155,000 +3.7% |
| 2015 | $2,159 | $149,500 +3.8% |
| 2014 | $2,159 | $144,000 |
| 2013 | -- | $144,000 |
| 2012 | -- | $144,000 -20% |
| 2011 | -- | $179,920 |
| 2010 | -- | $179,920 |
| 2009 | -- | $179,920 -14.3% |
| 2008 | -- | $209,910 +18.1% |
| 2007 | -- | $177,766 +22.1% |
| 2006 | -- | $145,623 +28.3% |
| 2005 | -- | $113,480 +18.6% |
| 2004 | -- | $95,652 +22.9% |
| 2003 | -- | $77,826 +29.7% |
| 2002 | -- | $60,000 +0.6% |
| 2001 | -- | $59,666 |
Find assessor info on the county website
Neighborhood: Midtown
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Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 2.5 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 6.9 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 6.7 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$242,700
2% more
+$4,854
With Zillow Showcase(estimated)
$247,554
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$242,700
2% more
+$4,854
With Zillow Showcase(estimated)
$247,554
- Maryland
- Worcester County
- Ocean City
- 21842
- Midtown
- 7 40th St Unit 202
