Seller's Agent in 2025
Margaret Connors
BHHS PenFed (actual)
(410) 430-5221
42 in this area
51 Total Sales
14 40th St Unit 302 Ocean City, MD 21842
1
Bed
1
Bath
616
Sq Ft
$267/mo
HOA Fee
Highlights
- Deck
- Furnished
- Outdoor Shower
- Ocean City Elementary School Rated A
- Combination Kitchen and Living
- Outdoor Storage
About This Home
As of April 2025Welcome to your ocean block getaway! Introducing a charming fully furnished one bedroom condo that offers not just a place to stay but a slice of paradise in Ocean City. With one well appointed bathroom and new HVAC in 2022 comfort meets modern convenience in this delightful condo. Imagine starting your day with breathtaking ocean views on your private balcony as the waves set the perfect backdrop and ending it with amazing sunsets over the bay. This condo isn't just about beautiful views, it has one assigned covered parking spot, designated storage locker and an outdoor shower. Given its prime location, you are only a short stroll away from local attractions and entertainment. Thinking of an investment? This property is a proven performer, offering potential rental income thanks to its turnkey condition and sought after locale. This condo is the perfect blend of retreat and investment. Dive into your new life at the beach- sunshine and good times guaranteed!
Last Agent to Sell the Property
(410) 430-5221 margaretconnorsbeach@gmail.com Berkshire Hathaway HomeServices PenFed Realty License #635107 Listed on: 02/14/2025
Co-Listed By
(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288
Last Buyer's Agent
(443) 736-6206 brettberquist4@gmail.com Keller Williams Realty Delmarva License #5007201
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,977
Year Built
- Built in 1983
HOA Fees
- $267 Monthly HOA Fees
Home Design
- Entry on the 3rd floor
Interior Spaces
- 616 Sq Ft Home
- Property has 1 Level
- Furnished
- Combination Kitchen and Living
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- Parking Lot
- 1 Assigned Parking Space
Outdoor Features
- Outdoor Shower
- Deck
- Outdoor Storage
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Heating
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 302
- Assessor Parcel Number 2410229634
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, snow removal, trash
- Low-Rise Condominium
- Ocean Point 1 Condos
- Ocean Point I Community
Pet Policy
- Pets allowed on a case-by-case basis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2025
Closed on
Apr 16, 2025
Sold by
Cofresi-Toro Brunilda
Bought by
Kretschmer Jeffrey John
Seller's Agent
Margaret Connors
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Brett Berquist
Keller Williams Realty Delmarva
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,376
Avg. Annual Appreciation
-2.57%
Original Mortgage
$6,000
Outstanding Balance
$5,967
Interest Rate
6.5%
Estimated Equity
$254,657
Purchase Details
Listed on
Sep 22, 2020
Closed on
Nov 16, 2020
Sold by
Williams Lance M and Williams Lisa
Bought by
Cofresi Toro Brunilda
Seller's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Patricia Baglieri
Long & Foster Real Estate, Inc.
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.31%
Original Mortgage
$65,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 26, 2013
Sold by
Byrnes Kevin F and Byrnes Debra J
Bought by
Williams Lance M and Williams Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 30, 1997
Sold by
Robertson Ray A
Bought by
Byrnes Kevin F and Byrnes Debdra J
Purchase Details
Closed on
Mar 14, 1983
Sold by
M L T Inc A Md Corp
Bought by
Robertson Ray A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,900
Interest Rate
12.79%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $265,000 | First American Title | |
| Deed | $265,000 | First American Title | |
| Special Warranty Deed | $165,000 | Capitol Title Group | |
| Deed | $124,000 | None Available | |
| Deed | $53,000 | -- | |
| Deed | $40,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,000 | No Value Available | |
| Closed | $6,000 | No Value Available | |
| Open | $253,350 | New Conventional | |
| Closed | $253,350 | New Conventional | |
| Previous Owner | $65,000 | New Conventional | |
| Previous Owner | $99,200 | New Conventional | |
| Previous Owner | $31,900 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/16/2025 04/16/25 | Sold | $265,000 | -3.6% | $430 / Sq Ft | |
| 02/14/2025 02/14/25 | For Sale | $275,000 | +66.7% | $446 / Sq Ft | |
| 11/16/2020 11/16/20 | Sold | $165,000 | -4.3% | $268 / Sq Ft | View Prior Sale |
| 10/08/2020 10/08/20 | Pending | -- | -- | -- | |
| 10/01/2020 10/01/20 | Price Changed | $172,500 | -1.4% | $280 / Sq Ft | |
| 09/22/2020 09/22/20 | For Sale | $175,000 | -- | $284 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,226 | $163,033 | $0 | $0 |
| 2024 | $1,971 | $141,267 | $0 | $0 |
| 2023 | $1,679 | $119,500 | $59,700 | $59,800 |
| 2022 | $1,679 | $119,500 | $59,700 | $59,800 |
| 2021 | $1,689 | $119,500 | $59,700 | $59,800 |
| 2020 | $1,700 | $119,500 | $59,700 | $59,800 |
| 2019 | $1,700 | $119,500 | $59,700 | $59,800 |
| 2018 | $1,683 | $119,500 | $59,700 | $59,800 |
| 2017 | $1,749 | $123,200 | $0 | $0 |
| 2016 | -- | $123,200 | $0 | $0 |
| 2015 | $1,892 | $123,200 | $0 | $0 |
| 2014 | $1,892 | $126,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Margaret Connors
-
Carol Proctor
Seller Co-Listing Agent in 2025
Carol Proctor
BHHS PenFed (actual)
(443) 567-0650
370 in this area
516 Total Sales
-
Brett Berquist
Buyer's Agent in 2025
Brett Berquist
Keller Williams Realty Delmarva
(443) 736-6206
10 in this area
16 Total Sales
-
Patricia Baglieri
P
Buyer's Agent in 2020
Patricia Baglieri
Long & Foster
(443) 235-6504
4 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2028534
APN: 10-229634
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