12 days on rocket

7 40th St Unit 307, Ocean City, MD, 21842

$345,000

Home List Price

$4,097*

Closing Credit

1 Bedroom
1 Full Bath
588 SqFt
$587/SqFt
Condo

Location

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7 40th St Unit 307, Ocean City$345,000

Buyer Closing Credits

$4,097*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, On Street, Parking Lot, Off Street
Year Built1972
HeatingCentral
CoolingCentral Air
ViewOcean
MLS #MDWO2026720
StatusActive
(ACTIVE)

About 7 40th St Unit 307

Enjoy an ocean view from your 3rd-floor balcony at A Place in the Sun Condominium! Centrally located in Midtown Ocean City, the building is professionally managed, has covered assigned parking, and sits just steps from the beach. This unit also has a rear balcony that gets afternoon sun and overlooks the neighboring pool. Several upgrades in 2018, which include a new HVAC system, water heater, flooring, kitchen cabinets & countertops, and in 2023, the rear slider was replaced. This place is fully furnished and ready for you to start enjoying the beach lifestyle.

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 1972
  • Stories: 1
  • Living Area: 588 SqFt

Listing Office:

  • Office Name: Seaside Resort Group, LLC
  • Office Phone: (443) 497-0107
  • Listing Agent: Michael S Maykrantz

Interior Features

Interior Information:

  • Appliances: Dishwasher, Oven, Electric Range, Refrigerator, Washer/Dryer Stacked
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Ocean
  • Exterior: Exterior Lighting, Sidewalks, Street Lights

Parking Information:

  • Parking: Assigned, On Street, Parking Lot, Off Street

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Oceanside from Coastal Hwy. Building on the right. 3rd floor

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $345,000
  • Price Per SqFt: $587/SqFt
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

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Ocean City, MD

City

Med. Sold Price

$449.5K

Med. Price/SqFt

$429

Avg. Days On Market

80

# of Sold Homes

90

7 40th St Unit 307 vs Ocean City

12 DAYS ON ROCKET

-68 Days

$345,000

-$104.5K Less

$587/SqFt

+$158 More

KEY TAKEAWAY

This property is $104.5K less than the Median Sold Price and $158/SqFt more than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2026720

Listing Office:

  • Office Name: Seaside Resort Group, LLC
  • Office Phone: (443) 497-0107
  • Listing Agent: Michael S Maykrantz

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-518157
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.43 miles

  • Public District Grades PK-4

school-card-donut-518158
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.79 miles

  • Public District Grades PK-3

school-card-donut-518159
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.04 miles

  • Public District Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,474. Residents of Ocean City, MD typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Ocean City, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Ocean City, MD?

Ocean City's housing market is diverse, offering a mix of residential options that cater to a range of preferences. The area is known for its beachfront condominiums, which make up a significant portion of the housing stock, providing residents with scenic views and easy access to the beach. Single-family homes are also available, featuring styles from classic beach cottages to contemporary designs. The market is characterized by a mix of both year-round and seasonal properties, reflecting the city's popularity as a vacation destination.

What are the advantages of living in Ocean City, MD?

Ocean City is celebrated for its vibrant boardwalk, pristine beaches, and family-friendly atmosphere. The community prides itself on being a premier resort town, with numerous events throughout the year, including the famous Ocean City Air Show and the Sunfest music and arts festival. The town's character is shaped by its coastal environment, offering a relaxed lifestyle with a focus on outdoor recreation and water-based activities.

Are essential services in Ocean City, MD convenient?

The community is served by a range of essential services, including public schools that cater to residents and the seasonal influx of families. Healthcare is accessible through local clinics and urgent care centers, ensuring medical needs are met promptly. Ocean City also boasts a variety of retail shops and dining options, from casual eateries to fine dining, many of which showcase the local seafood cuisine. The town is proactive in maintaining and enhancing its services to accommodate both its permanent population and seasonal visitors.

How do Ocean City, MD residents get around?

Transportation in Ocean City is well-suited to the needs of both residents and tourists. The town features a public bus service that runs along the Coastal Highway, providing convenient access to various points of interest. The area is also bike-friendly, with several bike paths and lanes available for those who prefer to cycle. For drivers, the city is easily navigable with well-maintained roads and highways connecting to nearby cities and attractions. While specific ride-sharing statistics are not mentioned, such services are commonly used by visitors and locals alike.

Frequently Asked Questions About 7 40th St Unit 307

What is the listing price of this property?

The listing price of 7 40th St Unit 307 property is $345,000.

What type of property is this?

The property 7 40th St Unit 307 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 7 40th St Unit 307 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 7 40th St Unit 307 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 7 40th St Unit 307 is 588 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7 40th St Unit 307 is 1972.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›7 40th St Unit 307

This home is located at 7 40th St Unit 307 in Ocean City, MD and zip code 21842. This 588 square foot home was built in 1972. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $345,000.

While more than 12 listings in Ocean City, MD in October 2024 were sold above asking price, there were more than 11 listings sold at asking price, and more than 67 were sold below. The number of homes for sale in Ocean City, MD increased by 16.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 80 days, the median list price was $449,548.

From Rocket Homes Real Estate and based on county public records data.

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