NOT LISTED FOR SALE

704 E 7th St Ocean City, NJ 08226

Estimated Value: $1,043,000 - $1,326,000

5 Beds
3 Baths
2,792 Sq Ft
$420/Sq Ft Est. Value

Last Sold March 27, 2014

Last sale price $332,000 $119 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $6,717/month

11 Days on Market

Highlights

  • Victorian Architecture
  • No HOA
  • Dining Room
  • Ocean City Primary School Rated A
  • Living Room
  • 4-minute walk to Veterans Memorial Park

About This Home

As of March 2014

HANDYMAN SPECIAL. Being sold "as Is". Located in the Historic District. Wrap around porch, vintage home with interior stairway connecting all floors. Heater should be replaced. Plumbing work necessary. Expect to put on a new roof. Full bath has been gutted. Main floor plumbing in place for half bath. Shown by appointment only.

Last Agent to Sell the Property

James Marshall

jim@jimocnj.com Compass New Jersey, LLC - Ocean City Listed on: 02/18/2014

Compass New Jersey, LLC - Ocean City

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,043

Year Built

  • Built in 1912

Lot Details

  • 3,500 Sq Ft Lot
  • Lot Dimensions are 35x100

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture

Interior Spaces

  • 2,792 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 08-00703-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,043

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2792
  • Living Area Sq Ft: 2792
  • Net Sq Ft: 2792.00
  • Price Per Sq Ft: 132.52
  • Above Grade Finished Sq Ft: 2792
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Block
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 177700.00
  • Land Assessed Value: 302500.00
  • Lot Size Acres: 0.08
  • Lot Dimensions: 35X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3500.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3796672
  • Tax Annual Amount: 4043.00
  • Assessor Parcel Number: 08-00703-00004
  • Tax Lot: 00004
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2021
Sold by
Lower Township Of
Bought by
Lower Township Of
Current Estimated Value
$1,171,469

Purchase Details

Listed on
Feb 18, 2014
Closed on
Mar 27, 2014
Sold by
Estate Of Marie Ricketti
Bought by
Mecouch Thomas and Mecouch Stephanie
Seller's Agent
James Marshall
Compass New Jersey, LLC - Ocean City
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$370,000
Sold Price
$332,000
Premium/Discount to List
-$38,000
-10.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%

Purchase Details

Closed on
May 11, 2002
Sold by
Lilly Thomas
Bought by
Ricketti Marie

Purchase Details

Closed on
Sep 30, 1996
Sold by
Cross Gary
Bought by
Pinto Joseph

Purchase Details

Closed on
Nov 19, 1988
Sold by
Helgeland Leif and Helgeland Alberta
Bought by
Cross Gary and Cross Doris
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lower Township Of -- None Available
Mecouch Thomas $332,000 None Available
Ricketti Marie $270,000 --
Pinto Joseph $180,000 --
Cross Gary $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pinto Joseph $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2014 03/27/14 Sold $332,000 0.0% $147 / Sq Ft View Prior Sale
03/27/2014 03/27/14 Sold $332,000 0.0% $119 / Sq Ft
03/08/2014 03/08/14 Off Market $332,000 -- --
03/01/2014 03/01/14 Pending -- -- --
02/18/2014 02/18/14 For Sale $370,000 +11.4% $133 / Sq Ft
12/19/2013 12/19/13 For Sale $332,000 -- $147 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $6,656 $593,200 $302,500 $290,700
2024 $6,656 $593,200 $302,500 $290,700
2023 $6,353 $593,200 $302,500 $290,700
2022 $6,104 $593,200 $302,500 $290,700
2021 $4,408 $593,200 $302,500 $290,700
2020 $5,802 $593,200 $302,500 $290,700
2019 $5,736 $593,200 $302,500 $290,700
2018 $5,683 $593,200 $302,500 $290,700
2017 $5,594 $593,200 $302,500 $290,700
2016 $5,380 $593,200 $302,500 $290,700
2015 $5,309 $335,500 $302,500 $33,000
2014 $4,160 $471,700 $302,500 $169,200
Source: Public Records

Agents Affiliated with this Home

  • James Marshall

    Seller's Agent in 2014

    James Marshall

    Compass New Jersey, LLC - Ocean City

    (609) 602-3243

    20 in this area

    26 Total Sales

    James Marshall
    Section Image
  • Adam D'Annunzio

    Buyer's Agent in 2014

    Adam D'Annunzio

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 225-4975

    55 in this area

    126 Total Sales

    Adam D'Annunzio
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002809874

Bright MLS

APN: 08-00703-0000-00004

New Jersey Cape May County Ocean City 08226

704 E 7th St, Ocean City, NJ

Not Listed for Sale

Detached

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