NOT LISTED FOR SALE

807 E 8th St Unit 301 Ocean City, NJ 08226

Estimated Value: $138,750 - $174,000

-- Bed
1 Bath
-- Sq Ft
8,015 Sq Ft Lot

Last Sold February 10, 2022

Last sale price $99,900

Est. 54% increase in value since last sale

Current estimated payment $873/month

Highlights

  • Wood Flooring
  • Elevator
  • Community Storage Space
  • Ocean City Primary School Rated A
  • Baseboard Heating
  • 3-minute walk to Hot Chick Central

About This Home

As of February 2022

BEACH BLOCK!!! Your chance to own only a few steps from New Jersey's BEST beaches and boardwalk!! Enjoy this fully renovated unit yourself OR rent it out (potential to bring in about $17,000+ a season!) HOA covers cable, internet, water, insurances, trash, and maintenance. Everything in this unit is BRAND NEW, including 3 new windows, window unit, kitchen, appliances, bathroom, & floors. Each unit has its own storage closet down the hall, and there is laundry & vending machines on site. This unit has the potential to be a CASH COW, with nightly rates at around $300 per night. Your chance to own your own piece of paradise for under 100k!

Last Agent to Sell the Property

Kayla Noll

Compass New Jersey-Ocean City (O463E) Listed on: 01/10/2022

Compass New Jersey-Ocean City (O463E)

Co-Listed By

Eric Booth

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Eric Booth

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $675

Lot Details

  • 8,015

Interior Spaces

  • 1 Full Bathroom
  • Wood Flooring

Kitchen

  • Stove
  • Microwave

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

Overview

  • Association fees include insurance, maintenance, management, trash, water, cable
  • Homestead Condos
  • 6-Story Property

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$675

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 01/10/2022
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Six To Ten
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Common Area Features: Elevator, Storage Facility

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management, Trash, Water, Cable
  • Condo Name: Homestead

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Hardwood Floors

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 11, 2022
Sold by
Elcon Custom Builders Llc
Bought by
Ocean Dunes 301 Llc
Seller's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Eric Booth
Compass New Jersey-Ocean City (O463E)
List Price
$99,900
Sold Price
$99,900
Current Estimated Value
$153,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,538
Avg. Annual Appreciation
12.55%
Original Mortgage
$69,930
Outstanding Balance
$64,935
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$88,503

Purchase Details

Listed on
May 4, 2021
Closed on
May 21, 2021
Sold by
Michael Bailey
Bought by
Elcon Custom Builders Llc
Seller's Agent
William Friedman
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
William Friedman
Keller Williams Realty Jersey Shore-Ocean City
List Price
$67,500
Sold Price
$67,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.50%

Purchase Details

Closed on
Jun 10, 2005
Sold by
S I D Homestead Llc
Bought by
Bailey Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,309
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Ocean Dunes 301 Llc $99,900 Title Company Of Jersey
Elcon Custom Builders Llc $61,500 First American Title
Bailey Michael $125,900 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocean Dunes 301 Llc $69,930
Previous Owner Bailey Michael $113,309
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2022 02/10/22 Sold $99,900 0.0% --
01/19/2022 01/19/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $99,900 +48.0% --
06/02/2021 06/02/21 Sold $67,500 0.0% -- View Prior Sale
05/05/2021 05/05/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $67,500 -- --
Source: South Jersey Shore Regional 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 $675 $60,200 $9,500 $50,700
2024 $675 $60,200 $9,500 $50,700
2023 $645 $60,200 $9,500 $50,700
2022 $247 $24,000 $9,500 $14,500
2021 $179 $24,000 $9,500 $14,500
2020 $235 $24,000 $9,500 $14,500
2019 $232 $24,000 $9,500 $14,500
2018 $230 $24,000 $9,500 $14,500
2017 $226 $24,000 $9,500 $14,500
2016 $218 $24,000 $9,500 $14,500
2015 $215 $24,000 $9,500 $14,500
2014 $212 $24,000 $9,500 $14,500
Source: Public Records

Agents Affiliated with this Home

  • Kayla Noll

    Seller's Agent in 2022

    Kayla Noll

    Compass New Jersey-Ocean City (O463E)

    (732) 735-1918

    69 in this area

    132 Total Sales

    Kayla Noll
    Section Image
  • Eric Booth

    Seller Co-Listing Agent in 2022

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    79 in this area

    137 Total Sales

    Eric Booth
    Section Image
  • William Friedman

    Seller's Agent in 2021

    William Friedman

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 602-1001

    9 in this area

    44 Total Sales

    William Friedman
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 558602

South Jersey Shore Regional MLS

APN: 08-00702-0000-00025-0000-C301

New Jersey Cape May County Ocean City 08226

807 E 8th St Unit 301, Ocean City, NJ

This home is located at 807 E 8th St Unit 301, Ocean City, NJ 08226 since 10 January 2022 and is currently estimated at $153,438. 807 E 8th St Unit 301 is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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