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Sold for $290,000
  • $290,000

    7 40th St #207, Ocean City, MD 21842

    1beds
    588sqft
    Condominium
    Built in 1972
    -- sqft lot
    $298,800 Zestimate®
    $493/sqft
    $1,572 Estimated rent

    Home value

    $298,800

    $278,000 - $320,000

    $1,572/mo

    Zestimate® history
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    What's special

    New deck furnitureSunny private back deckStainless steel kitchen appliancesSolid surface counter top
    Perfect beach getaway, ideally located on 40th St, steps to the ocean and waves. Fully renovated 2024, top to bottom, turnkey ready to enjoy, just bring a tooth brush. Great location to enjoy all the activities Ocean City offers. All NEW; Stainless steel kitchen appliances, cabinets & hardware, solid surface counter top , HVAC & duck work, hot water heater, 2 slider doors, engineered wood flooring throughout, remodeled full bath, energy efficient washer & dryer. New furnishings include; living area sleep sofa, wall mounted TV, dining set, bedroom with 1 twin & queen bed and all other interior accessories. Sunny private back deck for relaxing with new deck furniture. Park your vehicle in the condo under cover parking and walk to endless activities; beautiful beach, best surfing, beach dining at Coconuts Resort, limitless entertainment at the OC Convention Center 39th St, numerous restaurants close by & Boardwalk just blocks away.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nanette Pavier 443-235-3498,

    Holiday Real Estate

    Bought with:

    Peggy Lyn Speicher, 324114

    Real Broker, LLC - Gaithersburg

    Source: Bright MLS,MLS#: MDWO2029412MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater, Microwave, Disposal, Energy Efficient Appliances, Stainless Steel Appliance(s), Electric Water Heater
    • Laundry: In Unit
    Features
    • Doors: Sliding Glass
    • Windows: Window Treatments
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 588
    • Total interior livable area: 588 sqft
    • Finished area above ground: 588
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Covered, Garage
    • Garage spaces: 1
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Waterfront features: Oceanblock
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2410054672
    • Zoning: R-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Block, Combination, Concrete
    • Roof: Flat
    Condition
    • Excellent
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected
    Green energy
    • Energy efficient items: Appliances

    Community & HOA

    Community
    • Condo and coop fee: $1,077 quarterly
    • Subdivision: Non Development
    HOA
    • Has HOA: No
    • Amenities included: Reserved/Assigned Parking
    • Services included: Common Area Maintenance, Insurance, Management, Reserve Funds, Trash, Water
    • HOA name: A Place In The Sun
    Location
    • Region: Ocean City
    • Municipality: Ocean City

    Financial & listing details

    • Price per square foot: $493/sqft
    • Tax assessed value: $179,300
    • Annual tax amount: $2,509
    • Date on market: 3/15/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Condominium

    Price history

    DateEventPrice
    8/14/2025Sold$290,000-7.1%$493/sqft
    Source: Bright MLS #MDWO2029412 Report a problem
    7/26/2025Contingent$312,000$531/sqft
    Source: Bright MLS #MDWO2029412 Report a problem
    5/20/2025Price change$312,000-5.2%$531/sqft
    Source: Bright MLS #MDWO2029412 Report a problem
    4/11/2025Price change$329,000-4.1%$560/sqft
    Source: Bright MLS #MDWO2029412 Report a problem
    3/15/2025Listed for sale$343,000+40%$583/sqft
    Source: Bright MLS #MDWO2029412 Report a problem
    4/12/2024Sold$245,000-5.8%$417/sqft
    Source: Bright MLS #MDWO2016574 Report a problem
    3/12/2024Pending sale$260,000$442/sqft
    Source: Bright MLS #MDWO2016574 Report a problem
    3/1/2024Listed for sale$260,000$442/sqft
    Source: Bright MLS #MDWO2016574 Report a problem
    2/14/2024Contingent$260,000$442/sqft
    Source: Bright MLS #MDWO2016574 Report a problem
    2/5/2024Price change$260,000-5.5%$442/sqft
    Source: Bright MLS #MDWO2016574 Report a problem
    12/4/2023Price change$275,000-5.1%$468/sqft
    Source: Bright MLS #MDWO2016574 Report a problem
    10/18/2023Price change$289,900-3.4%$493/sqft
    Source: Bright MLS #MDWO2016574 Report a problem
    9/28/2023Listed for sale$300,000$510/sqft
    Source: Bright MLS #MDWO2016574 Report a problem

    Public tax history

    YearProperty taxesTax 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

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Ocean City
    • Middle: Berlin
    • High: Stephen Decatur
    • District: Worcester County Public Schools

    Source: Bright 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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