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7 40th Street #207, Ocean City, MD 21842
$245,000
7 40th Street #207, Ocean City, MD 21842View this property at 7 40th Street #207, Ocean City, MD 21842
7 40th Street #207Ocean CityMD21842
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Property Description
Welcome 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.
Full Property Details
Full Property Details for 7 40th St #207
General
- Sold For: $245,000
- Taxes: $2,030 (2023)
- Status: Closed
- Type: Condo
- MLS ID: MDWO2016574
- Added to Site: 252 day(s) ago
Interior
- Appliances: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Stove
- Furnished: Yes
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main & Up: 1
Other Rooms
- Laundry: Washer In Unit, Dryer In Unit
Additional Information
- Shared Amenities: Reserved/Assigned Parking
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Assigned Spaces: 1
- Parking Features: Assigned, Under Home Parking
- Parking Type: Off Street, On Street
Location
- Area: Ocean Block (82)
- Municipality: Ocean City
- County: Worcester
- Development Name: Non Development
- Subdivision: Non Development
- Building Name: A Place In The sun
- Driving Directions: Coastal Highway to 40th street, ocean block, building will be on the right.
- Location Details: Oceanblock
- City Limits: Yes
School Information
- School District: Worcester County Public Schools
- Elementary School: Ocean City
- Middle School: Stephen Decatur
- High School: Stephen Decatur
Community
- Assoc. Fees Include: Common Area Maintenance, Ext Bldg Maint, Management
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Unit/Flat
- Architectural Style: Unit/Flat
- Structure Type: Garden 1 - 4 Floors
- Construction: Frame
- Foundation: Pilings
- Roof: Built-Up, Flat
- Entry Floor Number: 2
- Stories/Levels: 0
- Stories Description: Main
- Square Feet: 588
- Sq. Ft. Source: Assessor
- Living Area: 588 Sq. Ft.
- Year Built: 1972
- Year Built Source: Assessor
Lot Features
- Property View: Street, Ocean
- Lot Dimensions: 0.00 x 0.00
- Street/Road Desc.: Black Top
- Zoning: R-3
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $442.18
- Assessment Year: 2023
- City/TownTax: $651
- City/TownTax Freq: Annually
- County Tax: $1,217
- County Tax Freq: Annually
- Tax w/Assessment: $144,000
- Tax Amount: $2,030
- Tax Year: 2023
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 588
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Condominium
- Condo: Yes
- Exclusions: Personal items to be identified
- Inclusions: Contents of unit other than personal items
- Lot Number: 207
Listed by Seaside Resort Group, LLC, Michael S Maykrantz
Sold by Holiday Real Estate, INC, Nanette F Pavier
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Schools
Schools serving 7 40th St #207
School District:Worcester County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
12828 Center Dr, Ocean City, MD 21842 | PK-4 | 2.4 mi | |
309 Franklin Ave, Berlin, MD 21811 | PK-4 | 8.1 mi | |
9815 Seahawk Rd, Berlin, MD 21811 | 7-8 | 6.8 mi | |
9913 Seahawk Rd, Berlin, MD 21811 | 9-12 | 6.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7 40th St #207
Date
Details
Price
Change
Source
4/12/2024
Sold
$245,000
-5.77%
MLS
2/05/2024
Price Reduced
$260,000
-5.45%
MLS
12/04/2023
Price Reduced
$275,000
-5.14%
MLS
10/18/2023
Price Reduced
$289,900
-3.37%
MLS
9/28/2023
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7 40th Street #207, Ocean City, MD 21842 (MLS# MDWO2016574) is a Condo property that was sold at $245,000 on April 12, 2024. Want to learn more about 7 40th Street #207? Do you have questions about finding other Condo real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.