Seller's Agent in 2026
Janet Cantwell-Papale
Compass New Jersey-Ocean City (O463E)
(609) 760-0776
1 in this area
109 Total Sales
611 E 7th St Ocean City, NJ 08226
Studio
--
Bath
6,440
Sq Ft
4,312
Sq Ft Lot Lot
Highlights
- Corner Lot
- Porch
- 3-minute walk to Veterans Memorial Park
- Ocean City Primary School Rated A
- Forced Air Heating System
About This Home
As of March 2026Welcome to 611 East 7th Street in the historic heart of Ocean City, NJ! This property is not just a house—it's a grand adventure waiting to happen. This is the old Cresent Lodge featuring 6,440 square feet of space nestled on a 4,321 square foot lot, this home is bursting with potential and endless possibilities. Once a bustling rooming house, this property boasts a whopping 17 baths and 11 kitchens. Perfect for anyone who loves options or perhaps dreams of winning a culinary world record. And with 17 rooms, this space can transform to meet the needs of any imaginative soul. This was used as a year round rental unit and has heat. I has been vacant for at least 2 years. Parking woes? Not here! You'll have room to spare with parking for up to 10 cars. And after a day at the beach, rinse off in one of the two outdoor showers or enjoy the convenience of outdoor storage for all your seaside gear. For the eco-conscious (or just comfort-seeking), the property features both gas and electric baseboard heat, complemented by two water heaters to ensure those 17 baths are always ready for their starring role and 2 coin-operated washers and dryers included! Whether you're drawn to its rich history or its promise of future possibilities, 611 East 7th Street is a canvas for your next chapter. Come explore the charm and character of this unique Ocean City gem!
Last Agent to Sell the Property
Compass New Jersey-Ocean City (O463E) Listed on: 05/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,968
Year Built
- Built in 1907
Lot Details
- Lot Dimensions are 45 x 96
- Corner Lot
Parking
- Parking Pad
Home Design
- 6,440 Sq Ft Home
- Shingle Siding
- Vinyl Siding
Outdoor Features
- Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Gas Water Heater
Additional Features
- Finished Basement
Community Details
- 7 Units
Listing and Financial Details
- Legal Lot and Block 26 / 602
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2025
Closed on
Mar 25, 2026
Sold by
Schaffer Paul and Schaffer Margaret
Bought by
Eagles Nest Lodge Llc
Seller's Agent
Janet Cantwell-Papale
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
List Price
$2,175,000
Sold Price
$1,310,000
Premium/Discount to List
-$865,000
-39.77%
Views
69
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
685.99%
Original Mortgage
$2,000,000
Outstanding Balance
$1,998,013
Interest Rate
6.01%
Mortgage Type
New Conventional
Estimated Equity
-$453,097
Purchase Details
Closed on
Mar 22, 1996
Sold by
Berkley Fed Bk
Bought by
Schaffer Paul Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
6.9%
Purchase Details
Closed on
Jan 23, 1989
Sold by
Mitchell Mitchell C and Mitchell Marian
Bought by
Syms William and Syms Edward M
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,310,000 | Chicago Title | |
| Deed | $195,000 | -- | |
| Deed | $230,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | New Conventional | |
| Previous Owner | $137,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/27/2026 03/27/26 | Sold | $1,310,000 | -8.1% | $203 / Sq Ft |
| 12/22/2025 12/22/25 | Pending | -- | -- | -- |
| 12/09/2025 12/09/25 | Price Changed | $1,425,000 | -9.5% | $221 / Sq Ft |
| 11/18/2025 11/18/25 | Price Changed | $1,575,000 | -7.4% | $245 / Sq Ft |
| 10/08/2025 10/08/25 | Price Changed | $1,700,000 | -5.6% | $264 / Sq Ft |
| 08/26/2025 08/26/25 | Price Changed | $1,799,999 | -9.8% | $280 / Sq Ft |
| 07/21/2025 07/21/25 | Price Changed | $1,995,000 | -8.3% | $310 / Sq Ft |
| 05/30/2025 05/30/25 | For Sale | $2,175,000 | -- | $338 / Sq Ft |
Source: South Jersey Shore Regional MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,968 | $621,000 | $292,400 | $328,600 |
| 2024 | $6,968 | $621,000 | $292,400 | $328,600 |
| 2023 | $6,651 | $621,000 | $292,400 | $328,600 |
| 2022 | $6,390 | $621,000 | $292,400 | $328,600 |
| 2021 | $4,633 | $621,000 | $292,400 | $328,600 |
| 2020 | $6,073 | $621,000 | $292,400 | $328,600 |
| 2019 | $6,005 | $621,000 | $292,400 | $328,600 |
| 2018 | $5,949 | $621,000 | $292,400 | $328,600 |
| 2017 | $5,856 | $621,000 | $292,400 | $328,600 |
| 2016 | $5,632 | $621,000 | $292,400 | $328,600 |
| 2015 | $5,558 | $621,000 | $292,400 | $328,600 |
| 2014 | $5,477 | $621,000 | $292,400 | $328,600 |
Source: Public Records
Agents Affiliated with this Home
-
Janet Cantwell-Papale
-
Cheryl Huber
Buyer's Agent in 2026
Cheryl Huber
BHHS Fox & Roach
(609) 602-2322
171 in this area
272 Total Sales
Map
Source: South Jersey Shore Regional MLS
MLS Number: 596785
APN: 08-00602-0000-00026
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2026 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
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