7 40th St Unit 207 Ocean City, MD 21842
1
Bed
1
Bath
588
Sq Ft
$359/mo
HOA Fee
Highlights
- Ocean View
- Building is oceanfront but unit may not have water views
- Balcony
- Ocean City Elementary School Rated A
- Furnished
- Central Air
About This Home
As of April 2024Welcome 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.
Last Agent to Sell the Property
Seaside Resort Group, LLC License #513925 Listed on: 09/28/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,030
Year Built
- Built in 1972
HOA Fees
- $359 Monthly HOA Fees
Home Design
- Flat Roof Shape
- Frame Construction
- Built-Up Roof
- Piling Construction
Interior Spaces
- 588 Sq Ft Home
- Property has 1 Level
- Furnished
- Ocean Views
Kitchen
- Stove
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- Assigned parking located at #207
- On-Street Parking
- Off-Street Parking
- 1 Assigned Parking Space
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
Additional Features
- Balcony
- Building is oceanfront but unit may not have water views
Listing and Financial Details
- Tax Lot 207
- Assessor Parcel Number 2410054672
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, management
- Low-Rise Condominium
- Mann Properties Condos
- A Place In The Sun Community
- Non Development Subdivision
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2023
Closed on
Apr 12, 2024
Sold by
Calabrese John Victor and Calabrese Peter Paul
Bought by
Moose Int'L Inc
Seller's Agent
Michael Maykrantz
Seaside Resort Group, LLC
Buyer's Agent
Nanette Pavier
Holiday Real Estate
List Price
$300,000
Sold Price
$245,000
Premium/Discount to List
-$55,000
-18.33%
Views
227
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.30%
Purchase Details
Closed on
Aug 18, 2009
Sold by
Calabrese Anthony
Bought by
Calabrese Anthony Alberto
Similar Homes in Ocean City, MD
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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 | $245,000 | Resort Land Title | |
| Deed | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | Price Changed | $312,000 | -5.2% | $531 / Sq Ft |
| 04/11/2025 04/11/25 | Price Changed | $329,000 | -4.1% | $560 / Sq Ft |
| 03/15/2025 03/15/25 | For Sale | $343,000 | +40.0% | $583 / Sq Ft |
| 04/12/2024 04/12/24 | Sold | $245,000 | -5.8% | $417 / Sq Ft |
| 03/12/2024 03/12/24 | Pending | -- | -- | -- |
| 02/05/2024 02/05/24 | Price Changed | $260,000 | -5.5% | $442 / Sq Ft |
| 12/04/2023 12/04/23 | Price Changed | $275,000 | -5.1% | $468 / Sq Ft |
| 10/18/2023 10/18/23 | Price Changed | $289,900 | -3.4% | $493 / Sq Ft |
| 09/28/2023 09/28/23 | For Sale | $300,000 | -- | $510 / 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 |
|---|---|---|---|---|
| 2024 | $2,502 | $179,300 | $0 | $0 |
| 2023 | $2,030 | $144,000 | $72,000 | $72,000 |
| 2022 | $2,024 | $144,000 | $72,000 | $72,000 |
| 2021 | $2,035 | $144,000 | $72,000 | $72,000 |
| 2020 | $2,042 | $144,000 | $72,000 | $72,000 |
| 2019 | $2,042 | $144,000 | $72,000 | $72,000 |
| 2018 | $2,028 | $144,000 | $72,000 | $72,000 |
| 2017 | $2,201 | $160,500 | $0 | $0 |
| 2016 | -- | $155,000 | $0 | $0 |
| 2015 | $2,159 | $149,500 | $0 | $0 |
| 2014 | $2,159 | $144,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
N
Seller's Agent in 2025
Nanette Pavier
Holiday Real Estate
-
M
Seller's Agent in 2024
Michael Maykrantz
Seaside Resort Group, LLC
Map
Source: Bright MLS
MLS Number: MDWO2016574
APN: 10-054672
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