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Sold for $493,000
  • $493,000

    7 40th St #301, Ocean City, MD 21842

    2beds
    987sqft
    Condominium
    Built in 1972
    -- sqft lot
    $500,600 Zestimate®
    $499/sqft
    $1,863 Estimated rent

    Home value

    $500,600

    $446,000 - $566,000

    $1,863/mo

    Zestimate® history
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    What's special

    Gas fireplaceModern upgradesMurphy bedNest thermostatLuxurious touchesBack patio viewsFront private patio
    Stunning Remodeled and Pristine Ocean View Condo – 2 Bed, 2 Bath. Enjoy breathtaking ocean views from this beautifully upgraded two-bedroom, two-bathroom unit. Located just steps from the beach, this home offers modern upgrades and luxurious touches throughout. Step out onto your front private patio and take in the serene ocean scenery or enjoy the back patio views. Inside, you’ll find: New flooring and custom patio doors, Spacious kitchen with granite countertops and ample cabinetry, Fully furnished with tasteful, modern décor, Recessed lighting, updated ceilings, and a Nest thermostat, HVAC system only 3 years old, New carpet in bedrooms, Owner’s suite with a luxurious en-suite bathroom with title flooring, Gas fireplace for cool evenings, Murphy bed in living room (creating sleeping arrangements for a third bedroom), Upgraded plumbing throughout, The unit offers an "Assigned Parking Spot" and oversized owner's shed. Whether you’re looking for a relaxing coastal retreat or a turnkey investment, this condo is move-in ready and designed for comfort and style. Centrally located to dining, the boardwalk and shopping. This beautiful condo is a MUST SEE to appreciate the "pride of ownership".

    Zillow last checked:

    Listing updated:

    Listed by:

    Nina Littleton 410-430-9481,

    Coldwell Banker Realty

    Bought with:

    Unrepresented Buyer

    Unrepresented Buyer Office

    Source: Bright MLS,MLS#: MDWO2032378MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    • Laundry: In Unit
    Features
    • Breakfast Area, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Bathroom - Tub Shower, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Open Floorplan, Recessed Lighting, Wainscotting
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Gas/Propane
    Interior area
    • Total structure area: 987
    • Total interior livable area: 987 sqft
    • Finished area above ground: 987
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Storage, Garage, Off Street
    • Garage spaces: 1
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2410055105
    • Zoning: R-3
    • Special conditions: Standard

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Condo and coop fee: $1,077 quarterly
    • Subdivision: None Available
    HOA
    • Has HOA: No
    • Amenities included: Other, Reserved/Assigned Parking
    • Services included: Common Area Maintenance, Maintenance Structure, Maintenance Grounds, 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: $499/sqft
    • Tax assessed value: $285,500
    • Annual tax amount: $3,296
    • Date on market: 8/1/2025
    • Listing agreement: Exclusive Right To Sell
    • Inclusions: Fully Furnished
    • Exclusions: Master Bedroom Dresser
    • Ownership: Condominium

    Price history

    DateEventPrice
    9/5/2025Sold$493,000-7%$499/sqft
    Source: Bright MLS #MDWO2032378 Report a problem
    8/18/2025Contingent$529,999$537/sqft
    Source: Bright MLS #MDWO2032378 Report a problem
    8/1/2025Listed for sale$529,999+105.8%$537/sqft
    Source: Bright MLS #MDWO2032378 Report a problem
    9/10/2019Sold$257,500-4.6%$261/sqft
    Source: Public Record Report a problem
    8/3/2019Pending sale$270,000$274/sqft
    Source: Berkshire Hathaway HomeServices PenFed Realty #MDWO106648 Report a problem
    7/11/2019Price change$270,000-3.2%$274/sqft
    Source: Berkshire Hathaway HomeServices PenFed Realty #MDWO106648 Report a problem
    6/6/2019Listed for sale$279,000$283/sqft
    Source: Berkshire Hathaway HomeServices PenFed Realty #MDWO106648 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,910 +18.6%$285,500 +21.2%
    2024$3,296 +26.1%$235,500 +27%
    2023$2,615 $185,500
    2022$2,615 -0.2%$185,500
    2021$2,621 $185,500
    2020$2,621 -0.7%$185,500
    2019$2,639 +0.7%$185,500
    2018$2,620 -19.3%$185,500 -19.3%
    2017$3,246 +5.8%$229,900 +3.4%
    2016$3,068 $222,333 +3.5%
    2015$3,068 $214,767 +3.7%
    2014$3,068 $207,200
    2013-- $207,200
    2012-- $207,200 -18.9%
    2011-- $255,630
    2010-- $255,630
    2009-- $255,630 -14%
    2008-- $297,080 +18%
    2007-- $251,680 +22%
    2006-- $206,280 +28.2%
    2005-- $160,880 +18.7%
    2004-- $135,586 +22.9%
    2003-- $110,293 +29.8%
    2002-- $85,000 +0.4%
    2001-- $84,666
    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: 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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