13 40th St Unit 7 Ocean City, MD 21842
Estimated payment $1,476/month
Highlights
- Water Oriented
- No Units Above
- Instant Hot Water
- Ocean City Elementary School Rated A
- Furnished
- Central Air
About This Home
Ideally 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!
Listing Agent
(410) 677-0909 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4106770909 Listed on: 05/07/2026
Co-Listing Agent
Erik Burch
eburch.davisstrategic@gmail.com Keller Williams Realty Delmarva Brokerage Phone: 4106770909
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
- 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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2026 05/07/26 | For Sale | $229,000 | -- | $550 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $60,000 | Mid Atlantic Title & Escrow |
Source: Bright MLS
MLS Number: MDWO2037466
APN: 10-238218
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Ask me questions while you tour the home.