For SaleRisky Deal41 days on market
407 142nd St
407 142nd St, Ocean City, MD 21842, Ocean City, MD 21842
$659,900
Estimate®:$645,300
Listing Price
407 142nd St, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
41
Tax Assessed
$313k
Estimate®
$645k
Market Rate
Lot Size
7,250 sqft
Rent Estimate
$3,089/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Ocean City Elementary School
PK-4
7.5 mi away
10
Stephen Decatur Middle School
7-8
10.5 mi away
7
Stephen Decatur High School
9-12
10.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
cape codvinyl sidingdormer windowswrap around deckwhite railingsresidentialcozylush landscapingmature treessuburbangabled roofbackyardwell-maintained
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.50%
Total ROI
34.8%
Cash Flow
$-1,502/mo
DSCR
0.56
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,502/mo net cash flow with a 3.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Ocean City, MD
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-09 | Price change | $659,900 | $347 |
| 2026-08-28 | Price change | $675,000 | $355 |
| 2026-08-14 | Listed for sale | $685,000 | $361 |
| 2021-11-22 | Sold | $406,000 | $214 |
| 2019-11-15 | Sold | $192,500 | $101 |
| 2018-10-27 | Sold | $185,000 | $97 |
| 2015-06-12 | Sold | $145,000 | $76 |
| 2013-01-29 | Sold | $170,000 | $89 |
| 2012-11-19 | Listed for sale | $218,000 | $115 |
| 2011-09-12 | Listing removed | $170,000 | $89 |
| 2011-06-02 | Listed for sale | $170,000 | $89 |
| 2007-05-24 | Sold | $300,000 | $158 |
| 2000-09-14 | Sold | $139,206 | $73 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,988.73 | $291,233 |
| 2024 | $3,778.46 | $269,967 |
| 2023 | $3,505.68 | $248,700 |
| 2022 | $3,481.71 | $248,700 |
| 2021 | $3,465.84 | $245,300 |
| 2020 | $3,441.82 | $243,600 |
| 2019 | $3,465.45 | $243,600 |
| 2018 | $3,441.09 | $243,600 |
| 2017 | $3,582.24 | $253,700 |
| 2016 | $3,525.6 | $253,700 |
| 2015 | $3,525.6 | $253,700 |
| 2014 | $3,525.6 | $259,700 |
| 2013 | $0 | $259,700 |
| 2012 | $0 | $259,700 |
| 2011 | $0 | $293,800 |
| 2010 | $0 | $293,800 |
| 2009 | $0 | $293,800 |
| 2008 | $0 | $356,480 |
| 2007 | $0 | $299,830 |
| 2006 | $0 | $243,180 |
| 2005 | $0 | $186,530 |
| 2004 | $0 | $167,886 |
| 2003 | $0 | $149,243 |
| 2002 | $0 | $130,600 |
| 2001 | $0 | $129,052 |
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