109 123rd St
Ocean City, MD 21842
2 bd 3 ba 1,080 sqft Built 1984 condos
Most recent sale
$366,500
May 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 27, 2022 | Sold | $366,500 | MLS #MDWO2007158 |
| Apr 15, 2022 | Listed | $382,500 | MLS #MDWO2007158 |
| Oct 9, 2003 | Sold | $250,000 | Public Record |
| Sep 25, 1996 | Sold | $87,900 | Public Record |
| Dec 19, 1986 | Sold | $82,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $271,433 | $3,706 |
| 2024 | — | — | $271,433 | $3,355 |
| 2022 | $104,800 | $104,700 | $209,500 | $2,924 |
| 2021 | $104,800 | $104,700 | $209,500 | $2,941 |
| 2020 | $104,800 | $104,700 | $209,500 | $2,940 |
| 2019 | — | — | $208,067 | $2,946 |
| 2018 | — | — | $206,633 | $2,912 |
| 2017 | $102,600 | $102,600 | $205,200 | $2,898 |
| 2016 | $102,600 | $102,600 | $205,200 | $2,913 |
| 2015 | $102,600 | $102,600 | $205,200 | $2,924 |
| 2014 | $102,600 | $102,600 | $205,200 | $2,775 |
| 2013 | — | — | $205,200 | $2,778 |
| 2012 | — | — | $205,200 | $2,750 |
| 2011 | — | — | $243,000 | $2,916 |
| 2010 | — | — | $243,000 | $2,916 |
| 2009 | — | — | $243,000 | $1,956 |
| 2008 | — | — | $286,200 | $3,411 |
Property facts
Year built
1984
Property type
condos
Stories
2
Beds
2
Baths
3
Living area
1,080 sqft
Lot size
—
ZIP code
21842
City
Ocean City
Street
123rd St
Coordinates
38.42822, -75.05971
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,620
Gross rental yield
5.30%
Implied cap rate
3.45%
Trend-extrapolated value
—
Frequently asked questions
When did 109 123rd St last sell?
109 123rd St most recently sold on May 27, 2022 for $366,500.
What is the current tax assessment for 109 123rd St?
The most recent total assessment for 109 123rd St (year 2025) is $271,433 with $3,706 in property tax.
How does 109 123rd St's assessment compare to its last sale price?
The current assessment is 25.9% below the last sale price of $366,500.
When was 109 123rd St built?
109 123rd St was built in 1984.
How does 109 123rd St compare to others on 123rd St?
We track 8 other properties on 123rd St. Browse the list under "Other properties on 123rd St" to compare beds, baths, and sale history.
What are the property facts for 109 123rd St?
109 123rd St is a 2 bed, 3 bath, 1,080 sqft condos.
Is 109 123rd St a flip candidate?
No — 109 123rd St does not appear in our flips dataset.
Is 109 123rd St a tax-appeal candidate?
No — 109 123rd St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.9%
Implied 1-yr
-7.4%
2026 Q3
$476K
2026 Q4
$466K
ZIP 21842 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 123rd St