NOT LISTED FOR SALE

7 45th St Unit 221 Ocean City, MD 21842

Ocean City Area

Estimated Value: $187,322 - $198,000

Studio
1 Bath
288 Sq Ft
1971 Built

Sale Details

Date Sold: October 21, 2022

Last sale price $180,000 $625 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,294 / mo

4 Days on Market

Highlights

  • Furnished
  • Efficiency Studio
  • Level Entry For Accessibility
  • Ocean City Elementary School Rated A
  • Built-In Features
  • Ceiling Fan

About This Home

As of October 2022

Property Id: 1031329
Second floor studio apartment just steps from the beach. Updated with coffee bar and tile finishes. Fully furnished and ready for a short term rental.

Last Agent to Sell the Property

Karen Staskey

(410) 520-2600 ocwest@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #651580 Listed on: 09/11/2022

Berkshire Hathaway HomeServices PenFed Realty-WOC

Last Buyer's Agent

Craig R. Lynch

(410) 208-3500 oceanpines@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS-0038638

Berkshire Hathaway HomeServices PenFed Realty - OP

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1971

HOA Fees

  • $121 Monthly HOA Fees

Home Design

  • Back-to-Back Home
  • Entry on the 2nd floor
  • Frame Construction

Interior Spaces

  • 1 Full Bathroom
  • 288 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Built-In Features
  • Ceiling Fan
  • Efficiency Studio

Kitchen

  • Kitchenette
  • Stove

Parking

  • Assigned parking located at #221
  • Parking Lot
  • 1 Assigned Parking Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • North Facing Home
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 2410066484

Community Details

Overview

  • Association fees include common area maintenance, management, reserve funds
  • Low-Rise Community
  • Ocean Waye Condos
  • Ocean Wave 45 Community

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,083

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

HOA Fees

$121 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Back-To-Back
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • Home Warranty: No
  • Inclusions: Sold as shown
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-09-11
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Assigned Parking Space Numbers: 221
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Stove, Exhaust Fan, Water Heater
  • Entry Floor: 2
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Efficiency, Kitchenette
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 288
  • Living Area Sq Ft: 288
  • Price Per Sq Ft: 642.36
  • Above Grade Finished Sq Ft: 288
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1450.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Ocean Waye
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5402578
  • Tax Annual Amount: 1082.58
  • Assessor Parcel Number: 2410066484
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

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

Listed on
Sep 11, 2022
Closed on
Oct 21, 2022
Sold by
Markiewicz Lisa M
Bought by
Seller's Agent
Karen Staskey
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Craig R. Lynch
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%
Views
36
Current Estimated Value
$191,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,331
Avg. Annual Appreciation
1.59%
Original Mortgage
$144,000
Outstanding Balance
$135,663
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$55,668

Purchase Details

Closed on
Mar 11, 2005
Sold by
Chaffee Eileen P
Bought by
Markiewicz Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,200
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 1984
Sold by
Chaffee Jack R
Bought by
Chaffee Eileen P
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean City, MD

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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 Buyer Sale Price Title Company
$180,000 Title Nation
Markiewicz Lisa M $121,500 --
Chaffee Eileen P $14,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $144,000
Previous Owner Markiewicz Lisa Marie $100,000
Previous Owner Markiewicz Lisa M $97,200
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
02/03/2026 02/03/26 Off Market $900 -- --
01/12/2026 01/12/26 For Rent $900 0.0% --
12/01/2025 12/01/25 Off Market $900 -- --
10/29/2025 10/29/25 Price Changed $900 -10.0% --
08/13/2025 08/13/25 For Rent $1,000 0.0% --
11/29/2024 11/29/24 Off Market $1,000 -- --
11/21/2024 11/21/24 For Rent $1,000 0.0% --
11/21/2024 11/21/24 Price Changed $1,000 -20.0% --
10/07/2024 10/07/24 For Rent $1,250 0.0% --
10/21/2022 10/21/22 Sold $180,000 -2.7% $625 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
09/11/2022 09/11/22 For Sale $185,000 -- $642 / 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 $1,464 $122,400 $61,200 $61,200
2025 $1,464 $107,200 $0 $0
2024 $1,284 $92,000 $0 $0
2023 $1,079 $76,800 $38,400 $38,400
2022 $1,079 $76,800 $38,400 $38,400
2021 $1,085 $76,800 $38,400 $38,400
2020 $1,085 $76,800 $38,400 $38,400
2019 $1,076 $75,667 $0 $0
2018 $1,050 $74,533 $0 $0
2017 $1,037 $73,400 $0 $0
2016 -- $73,400 $0 $0
2015 $1,261 $73,400 $0 $0
2014 $1,261 $82,000 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: MDWO2010100

Bright MLS

APN: 10-066484

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