Sreedhar Maram
Maram Realty, LLC
(703) 498-2566
198 Total Sales
1 in Ocean City
$617,990 Price
13 40th St Unit 7 Ocean City, MD 21842
Ocean City Area
1
Bed
1
Bath
416
Sq Ft
1959
Built
Highlights
- Water Oriented
- Furnished
- Central Air
- No Units Above
- Instant Hot Water
- Laundry Facilities
About This Home
As of August 2026Ideally located on 40th Street, this charming 1 bedroom, 1 bath condo with offers comfort and strong investment potential. Just a short walk from the Ocean City Convention Center and the beach, this property is perfect for Renter Investment and Family Investment! Central A/C and Heat. Close to main entertainment attractions!
This condo brought in over $20,000 in rental income last year, making it an excellent opportunity for investors.
Whether you're looking for a vacation getaway, rental property, or both, this condo checks all the boxes!
Last Agent to Sell the Property
(410) 677-0909 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4106770909 Listed on: 05/07/2026
Co-Listed By
(410) 677-0909 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4106770909
Last Buyer's Agent
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #5006191
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,481
Year Built
- Built in 1959
Lot Details
- No Units Above
- 1 Common Wall
HOA Fees
- $131 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
Interior Spaces
- 416 Sq Ft Home
- Property has 2 Levels
- Furnished
Kitchen
- Gas Oven or Range
- Built-In Microwave
- Dishwasher
- Instant Hot Water
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- 1 Open Parking Space
- 1 Parking Space
- Parking Lot
Outdoor Features
- Water Oriented
- Property is near an ocean
Location
- Flood Risk
Utilities
- Central Air
- Heating System Uses Natural Gas
- Hot Water Baseboard Heater
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 7
- Assessor Parcel Number 2410238218
Community Details
Overview
- Association fees include insurance, management, reserve funds
- Low-Rise Community
- Olympic Community
Amenities
- Laundry Facilities
Pet Policy
- Pets Allowed
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 16, 2011
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Ocean City, MD
-
Sreedhar Maram
-
Tanya Lewis
Tanya Lewis
Cummings & Co. Realtors
(667) 303-2196
131 Total Sales
4 in Ocean City
$300K - $850K Price Range
-
Dara Lewis
Dara Lewis
The Pinnacle Real Estate Co.
(667) 771-6897
80 Total Sales
1 in Ocean City
$385,000 Price
-
Biana Arentz
Biana Arentz
Coldwell Banker Realty
(667) 230-5102
106 Total Sales
1 in Ocean City
$425,000 Price
-
Carol Tinnin
Carol Tinnin
RE/MAX Leading Edge
(667) 201-6958
184 Total Sales
3 in Ocean City
$375K - $445K Price Range
-
Joe Howerton
Joe Howerton
Taylor Properties
(240) 261-0514
43 Total Sales
1 in Ocean City
$200,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $60,000 | Mid Atlantic Title & Escrow |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/07/2026 08/07/26 | Sold | $172,000 | -14.0% | $413 / Sq Ft |
| 08/02/2026 08/02/26 | Pending | -- | -- | -- |
| 07/16/2026 07/16/26 | Price Changed | $199,999 | -12.7% | $481 / Sq Ft |
| 05/07/2026 05/07/26 | For Sale | $229,000 | -- | $550 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $1,476 | $116,400 | $58,200 | $58,200 |
| 2025 | $1,476 | $108,100 | $0 | $0 |
| 2024 | $1,393 | $99,800 | $0 | $0 |
| 2023 | $1,290 | $91,500 | $45,700 | $45,800 |
| 2022 | $1,286 | $91,500 | $45,700 | $45,800 |
| 2021 | $1,293 | $91,500 | $45,700 | $45,800 |
| 2020 | $1,293 | $91,500 | $45,700 | $45,800 |
| 2019 | $1,246 | $87,600 | $0 | $0 |
| 2018 | $1,179 | $83,700 | $0 | $0 |
| 2017 | $1,127 | $79,800 | $0 | $0 |
| 2016 | -- | $74,267 | $0 | $0 |
| 2015 | $1,438 | $68,733 | $0 | $0 |
| 2014 | $1,438 | $63,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bret Davis
Seller's Agent in 2026
Bret Davis
Keller Williams Realty Delmarva
(240) 994-6481
122 Total Sales
-
Erik Burch
E
Seller Co-Listing Agent in 2026
Erik Burch
Keller Williams Realty Delmarva
1 Total Sale
-
Michael Thanner
Buyer's Agent in 2026
Michael Thanner
Keller Williams Realty Delmarva
(443) 616-1092
98 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2037466
APN: 10-238218
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