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402 Arctic Ave; Ocean City, MD Property Details

402 Arctic Ave, Ocean City, MD is a Single Family that was built in 1982. This property is currently Financed and is not for sale. Our records show that 402 Arctic Ave has 2 bathrooms, and a total of 1,612 square feet. The lot size of 402 Arctic Ave is 4,446 square feet.

Off market
402 Arctic Ave Ocean City, MD 21842
$392,600 Estimated Value
2 Baths
1,612 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1982
  • Purchase Price: $124,500
  • Open Loans: 1
  • Est. Equity / %: $545,000 / 100%
  • APN: 10-106915
  • Situs County: Worcester
  • Length Of Ownership: 37 years, 8 months

Rooms

  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Stories: 2
  • Exterior Wall Type: Siding Not (aluminum, vinyl, etc.)
  • Building Condition: Average
  • Building Quality: B
  • Roof Cover Type: Composition Shingle
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 1,612/SqFt
  • Lot: 4,446/SqFt
  • Gross: 1,612/SqFt
  • Garage: 240/SqFt
  • Living: 1,612/SqFt
  • Building: 1,612/SqFt
  • Price Per Square Foot: $77.23

Legal Description

  • Description: LOT 11 BLK I W SIDE MEDITERRANEAN DR PL OCEANBAY CITY
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: Worcester County Public Schools
  • Lat / Lon: 38.40853 / -75.06145
  • Subdivision: Oceanbay City
  • Property Class: Residential
  • Zoning: R-1
  • County Use Code: R-C001

Amenities

  • Plus Four: 5068
  • Cooling: Yes
  • Garage: Attached Garage
  • Heating: Heat Pump
  • Parking: 1

HOA

  • H O A One: $320
  • H O A Amount: $320
  • H O A One Frequency: Quarterly
  • H O A One Name: Terrapin Bay Condominium Council O
  • H O A One Type: Home Owner Association

Ownership Info

402 Arctic Ave has no associated ownership info
402 Arctic Ave has no associated ownership info.

Taxes

402 Arctic Ave has 10 associated Taxes items

402 Arctic Ave, 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 $392,600. The APN we've located for 402 Arctic Ave is 10-106915.

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Taxes
  • Assessed Value:  $392,600
  • Assessed Year:  2026
  • Assessed County:  Worcester
  • APN:  10-106915
  • Assessed Land Value:  222700
  • Market Land Value:  222700
  • Tax Amount:  3456
  • Tax Year:  2026
  • Market Value:  392600
  • Market Year:  2026

Tax History

402 Arctic Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $392,600 Land Value $222,700 Improvement Value $169,900 Tax Amount $3,456 Change Rate +0.005236% Assessed CR Tax Rate +0.008803%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $3,438 Change Rate +0.005881% Assessed CR Tax Rate
Year 2024 Assessed Value $317,400 Land Value Improvement Value Tax Amount $3,417.9 Change Rate +0.019465% Assessed CR Tax Rate +0.010768%
Year 2023 Assessed Value $279,800 Land Value $170,700 Improvement Value $109,100 Tax Amount $3,352.64 Change Rate +0.025702% Assessed CR Tax Rate +0.011982%
Year 2022 Assessed Value $270,167 Land Value Improvement Value Tax Amount $3,268.63 Change Rate +0.016931% Assessed CR Tax Rate +0.012099%
Year 2021 Assessed Value $260,533 Land Value Improvement Value Tax Amount $3,214.21 Change Rate Assessed CR Tax Rate +0.012337%
Year 2020 Assessed Value $250,900 Land Value $170,700 Improvement Value $80,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2019 Assessed Value $250,900 Land Value $170,700 Improvement Value $80,200 Tax Amount $3,095.82 Change Rate +0.032925% Assessed CR Tax Rate +0.012339%
Year 2018 Assessed Value $250,900 Land Value $170,700 Improvement Value $80,200 Tax Amount $2,997.14 Change Rate -0.159026% Assessed CR Tax Rate +0.011946%
Year 2017 Assessed Value $252,400 Land Value Improvement Value Tax Amount $3,563.89 Change Rate +0.214124% Assessed CR Tax Rate +0.01412%
Year 2016 Assessed Value $250,267 Land Value Improvement Value Tax Amount $2,935.36 Change Rate Assessed CR Tax Rate +0.011729%
Year 2015 Assessed Value $248,133 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $246,000 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $2,272.06 Change Rate Assessed CR Tax Rate