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Map
$245,000
●
Condo -
Off Market
7 40TH ST #207
OCEAN CITY, MD 21842
1 Bed
1 Bath
588 Sqft
$1,277
Estimated Monthly
About This Property
Welcome to A Place in the Sun Condominium! Located in Midtown Ocean
City, the building is professionally managed and sits just 2 back
from the beach. There is covered assigned parking and a storage
area available by request at the ground level for all your beach
accessories. Unit also has a rear balcony that gets afternoon sun
and overlooks neighboring pool. Unit is in original 1972 condition
and would make a great short term rental with its retro decor, or
for a full renovation project to hold/flip. Financing is available
through local lenders specializing in the resort market. Purchase
now and have it ready by the 2024 season.
Unit Size
588Ft²
Days on Market
31 days
Land Size
-
Price per sqft
$442
Property Type
Condo
Property Taxes
$169
HOA Dues
-
Year Built
1962
Last updated: 2 months ago (Bright MLS #MDWO2016574)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 12, 2024 | Sold | $245,000 | |
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Mar 1, 2024 | Relisted | $260,000 | |
| Relisted | |||
| Feb 14, 2024 | In contract | - | |
| In contract | |||
| Feb 5, 2024 | Price Decreased |
$260,000
↓ $15K
(5.5%)
|
|
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, On Street
Interior Details
Bedroom Information
Bedrooms on Main Level: 1
Interior Information
Appliances: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Stove
Living Area Square Feet Source: Assessor
Room Information
Laundry Type: Washer In Unit, Dryer In Unit
Exterior Details
Property Information
Property Manager Present
Ownership Interest: Condominium
Year Built Source: Assessor
Building Information
Foundation Details: Pilings
Other Structures: Above Grade, Below Grade
Roof: Built-Up, Flat
Structure Type: Unit/Flat/Apartment
Construction Materials: Frame
Unit Building Type: Garden 1 - 4 Floors
Building Name: A Place In The sun
Outdoor Living Structures: Balcony
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Information
Land Assessed Value: $144,000
Above Grade Information
Finished Square Feet: 588
Finished Square Feet Source: Assessor
Financial Details
County Tax: $1,217
County Tax Payment Frequency: Annually
City Town Tax: $651
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $144,000
Tax Year: 2023
Tax Annual Amount: $2,030
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management
HOA/Condo/Coop Amenities: Reserved/Assigned Parking
Condo/Coop Fee: $1,077
Washer/Dryer/Hook Up in Unit: Yes
7 40TH ST #207, OCEAN CITY, MD, 21842
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
1
Bed
1
Bath
616 ft²
$443/ft²
$273,000
Jan 18, 2024
$273,000
Apr 8, 2024
-
Condo
1
Bed
1
Bath
616 ft²
$422/ft²
$260,000
Mar 24, 2023
$260,000
Jun 26, 2023
-
Condo
1
Bed
1
Bath
616 ft²
$422/ft²
$260,000
Mar 13, 2023
$260,000
Apr 18, 2023
-
Sold
Condo
1
Bed
1
Bath
482 ft²
$446/ft²
$215,000
Mar 22, 2023
$215,000
May 19, 2023
-
Sold
Condo
1
Bed
1
Bath
495 ft²
$535/ft²
$264,900
May 19, 2023
$264,900
Jun 5, 2023
-
Sold
Condo
1
Bed
1
Bath
416 ft²
$524/ft²
$218,000
Apr 24, 2023
$218,000
Jun 30, 2023
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
02/24/2023
|
1 Bed
|
1 Bath
|
588 ft²
|
$324,900
1 Bed
1 Bath
588 ft²
|
$345,000
+6.19%
03/24/2023
|
-
|
Kimberly Lucido-McCabe
Keller Williams Realty Delmarva
|
|
|
06/29/2021
|
2 Bed
|
2 Bath
|
987 ft²
|
$335,000
2 Bed
2 Bath
987 ft²
|
$336,000
+0.30%
08/06/2021
|
Ms. Katherine A Panco
Berkshire Hathaway HomeServices PenFed Realty
|
||
|
06/05/2019
|
2 Bed
|
2 Bath
|
987 ft²
|
$279,000
2 Bed
2 Bath
987 ft²
|
-
-
|
-
|
-
|
|
|
02/07/2019
|
2 Bed
|
2 Bath
|
987 ft²
|
$275,000
2 Bed
2 Bath
987 ft²
|
-
-
|
-
|
-
|
|
|
05/16/2018
|
|
1 Bed
|
1 Bath
|
588 ft²
|
-
1 Bed
1 Bath
588 ft²
|
-
-
|
-
|
-
|
|
07/29/2017
|
|
1 Bed
|
1 Bath
|
588 ft²
|
-
1 Bed
1 Bath
588 ft²
|
-
-
|
-
|
-
|
Building Info
About Ocean City
Similar Homes for Sale
Nearby Rentals
Listed by: Michael Maykrantz
Seaside Resort Group, LLC
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDWO2016574
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Seaside Resort Group, LLC
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDWO2016574
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
