Taxes
- Assessed Value: $1,935,567
- Assessed Year: 2026
- Assessed County: Worcester
- APN: 10-040892
- Market Land Value: 1373400
- Tax Amount: 26237
- Tax Year: 2026
- Market Value: 2120000
- Market Year: 2026
218 16th St; Ocean City, MD Property Details
Off market
1601 Philadelphia Ave Ocean City, MD 21842
$3,995,000 Listing Price
15 Beds
15,336 SqFt
Property Type
Shopping Center/mini-mallProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 1964
- Purchase Price: $1,500,000
- Open Loans / Balance: 1 / $2,457,992
- APN: 10-040892
- Situs County: Worcester
- Length Of Ownership: 15 years
Rooms
- Bedrooms: 15
Structure
- Building Style: Brick
- Stories: 2
- Building Condition: Good
- Building Quality: C
- Sewer Type: Yes
- Water Source: Yes
Measurements
- Total: 15,336/SqFt
- Lot: 32,202/SqFt
- Gross: 15,336/SqFt
- Living: 15,336/SqFt
- Building: 15,336/SqFt
- Ground: 15,336/SqFt
- Price Per Square Foot: $97.81
Legal Description
- Description: LOTS 1 2 13 14 P/O LOTS 15 16 BLK 17 W SIDE PHIL AVE PL C EDW SHUTE
Building Insights
Land Information
- Property Type: Shopping Center/Mini-Mall
- Within Flood Zone: True
- Flood Zone: AE / High Risk
- School District: Worcester County Public Schools
- Lat / Lon: 38.346344 / -75.08003
- Subdivision: Shute C E Prop
- Property Class: Commercial
- Zoning: LC-1
- County Use Code: A121
Amenities
- Plus Four: 3650
- Cooling: Packaged Unit
- Heating: Forced air unit
Ownership Info
1601 Philadelphia Ave has no associated ownership info
1601 Philadelphia Ave has no associated ownership info.
Taxes
1601 Philadelphia Ave has 9 associated Taxes items
218 16th St, 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 $1,935,567. The APN we've located for 218 16th St is 10-040892.
Unlock the full reportTax History
1601 Philadelphia Ave has 14 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2026 | Assessed Value $1,935,567 | Land Value | Improvement Value | Tax Amount $26,237 | Change Rate +0.097232% | Assessed CR | Tax Rate +0.013555% |
| Year 2025 | Assessed Value | Land Value | Improvement Value | Tax Amount $23,912 | Change Rate +0.093807% | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $1,566,700 | Land Value $1,056,500 | Improvement Value $510,200 | Tax Amount $21,861.27 | Change Rate +0.044859% | Assessed CR | Tax Rate +0.013954% |
| Year 2023 | Assessed Value $1,484,300 | Land Value | Improvement Value | Tax Amount $20,922.69 | Change Rate +0.061964% | Assessed CR | Tax Rate +0.014096% |
| Year 2022 | Assessed Value $1,401,900 | Land Value | Improvement Value | Tax Amount $19,701.88 | Change Rate +0.056636% | Assessed CR | Tax Rate +0.014054% |
| Year 2021 | Assessed Value $1,319,500 | Land Value $839,000 | Improvement Value $480,500 | Tax Amount $18,645.86 | Change Rate +0.000142% | Assessed CR | Tax Rate +0.014131% |
| Year 2020 | Assessed Value $1,319,500 | Land Value $839,000 | Improvement Value $480,500 | Tax Amount $18,643.22 | Change Rate -0.00386% | Assessed CR | Tax Rate +0.014129% |
| Year 2019 | Assessed Value $1,319,500 | Land Value $839,000 | Improvement Value $480,500 | Tax Amount $18,715.47 | Change Rate | Assessed CR | Tax Rate +0.014184% |
| Year 2018 | Assessed Value $1,447,400 | Land Value $887,000 | Improvement Value $560,400 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2017 | Assessed Value $1,447,400 | Land Value | Improvement Value | Tax Amount $20,437.29 | Change Rate | Assessed CR | Tax Rate +0.01412% |
| Year 2016 | Assessed Value $1,447,400 | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $1,844,500 | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $1,844,500 | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $24,872.4 | Change Rate | Assessed CR | Tax Rate |