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11 40th St #2; Ocean City, MD Property Details

11 40th St #2, Ocean City, MD is a Condominium that was built in 1959. This property is currently Financed and is not for sale. Our records show that 11 40th St #2 has 2 bedrooms, and 1 bathroom, and a total of 780 square feet.

Off market
11 40th St #2 Ocean City, MD 21842
$330,000 Listing Price
2 Beds
1 Baths
780 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1959
  • Purchase Price: $135,000
  • Open Loans / Balance: 1 / $134,565
  • Est. Equity / %: $187,435 / 58.21%
  • APN: 10-238250
  • Situs County: Worcester
  • Length Of Ownership: 11 years, 6 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1

Structure

  • Building Condition: Average
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 780/SqFt
  • Gross: 780/SqFt
  • Living: 780/SqFt
  • Building: 780/SqFt
  • Price Per Square Foot: $173.08

Legal Description

  • Description: U 2 40TH ST OLYMPIC CM
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Worcester County Public Schools
  • Lat / Lon: 38.366894 / -75.07061
  • Subdivision: Olympic Condominium
  • Property Class: Residential
  • Zoning: R-3
  • County Use Code: C008

Amenities

  • Plus Four: 3205

HOA

  • H O A One: $393
  • H O A Amount: $393
  • H O A One Frequency: Quarterly
  • H O A One Type: Condo Owner Association

Ownership Info

11 40th St #2 has no associated ownership info
11 40th St #2 has no associated ownership info.

Taxes

11 40th St #2 has 10 associated Taxes items

11 40th St #2, Ocean City, MD pays taxes in Worcester County, MD. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $167,700. The APN we've located for 11 40th St #2 is 10-238250.

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Taxes
  • Assessed Value:  $167,700
  • Assessed Year:  2026
  • Assessed County:  Worcester
  • APN:  10-238250
  • Assessed Land Value:  83800
  • Market Land Value:  83800
  • Tax Amount:  2273
  • Tax Year:  2026
  • Market Value:  167700
  • Market Year:  2026

Tax History

11 40th St #2 has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $167,700 Land Value $83,800 Improvement Value $83,900 Tax Amount $2,273 Change Rate +0.076231% Assessed CR Tax Rate +0.013554%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $2,112 Change Rate +0.068156% Assessed CR Tax Rate
Year 2024 Assessed Value $141,700 Land Value Improvement Value Tax Amount $1,977.24 Change Rate +0.089893% Assessed CR Tax Rate +0.013954%
Year 2023 Assessed Value $128,700 Land Value $64,300 Improvement Value $64,400 Tax Amount $1,814.16 Change Rate +0.003008% Assessed CR Tax Rate +0.014096%
Year 2022 Assessed Value $128,700 Land Value $64,300 Improvement Value $64,400 Tax Amount $1,808.72 Change Rate -0.005466% Assessed CR Tax Rate +0.014054%
Year 2021 Assessed Value $128,700 Land Value $64,300 Improvement Value $64,400 Tax Amount $1,818.66 Change Rate Assessed CR Tax Rate +0.014131%
Year 2020 Assessed Value $128,700 Land Value $64,300 Improvement Value $64,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2019 Assessed Value $127,900 Land Value Improvement Value Tax Amount $1,814.11 Change Rate +0.013407% Assessed CR Tax Rate +0.014184%
Year 2018 Assessed Value $127,100 Land Value Improvement Value Tax Amount $1,790.11 Change Rate +0.003785% Assessed CR Tax Rate +0.014084%
Year 2017 Assessed Value $126,300 Land Value Improvement Value Tax Amount $1,783.36 Change Rate Assessed CR Tax Rate +0.01412%
Year 2016 Assessed Value $126,300 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $126,300 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $126,300 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $1,909.43 Change Rate Assessed CR Tax Rate