NOT LISTED FOR SALE

807 E 8th St Unit 511 Ocean City, NJ 08226

Estimated Value: $165,000 - $184,023

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

Last Sold March 12, 2024

Last sale price $195,000

Est. 12% decrease in value since last sale

Current estimated payment $966/month

4 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Corner Lot
  • Ocean City Primary School Rated A
  • End Unit
  • 3-minute walk to Hot Chick Central

About This Home

As of March 2024

- Savor every moment of coastal living from this enchanting 5th-floor corner studio nestled within Ocean City's iconic Hanscom building. Fully furnished and ready for your immediate enjoyment, this space offers an irresistible invitation—a unique investment opportunity or your own personal oceanfront retreat. **KEY HIGHLIGHTS** • Spectacular Coastal Vistas: Immerse yourself in breathtaking panoramas that frame the ocean's majesty, the vibrant boardwalk, and the lively amusement park—each sunrise and sunset painting the sky in a palette of colors. • Historic Allure: Experience the charm and heritage of the Hanscom, an esteemed landmark steeped in history, lending an extraordinary ambiance to your coastal lifestyle. • Convenient Comforts: From the welcoming front desk to on-site laundry facilities, ample extra storage, refreshing outdoor shower, an accessible elevator, an ice machine, and vending machines, every convenience is at your disposal. • Proximity to Ocean Wonders: Just moments away from the lively Ocean City boardwalk and invigorating water park, immerse yourself in a world of dining, shopping, and entertainment options. --Imagining Unforgettable Summers: Envision sun-kissed mornings and golden-hued evenings, where each day unfolds against a backdrop of stunning vistas. Create cherished memories amidst the backdrop of Ocean City's vibrant summer scenes. **LOCATION PERKS** • Daily Coastal Bliss: Enjoy the building's amenities while relishing the convenience of nearby attractions, promising a vibrant and enjoyable daily experience. • Investment Potential: Consider the unit's incredible potential for rental income, leveraging its location within the esteemed historic Hanscom building and its suite of inviting amenities. --This studio at the Hanscom is your canvas to design your own haven by the sea. Merge comfort with the building's historic charm, creating an inviting retreat for unforgettable summers and endless memories.

Last Agent to Sell the Property

Eunice Puerto

CENTURY 21 ATLANTIC PROFESSIONAL REALTY Listed on: 01/08/2024

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

Last Buyer's Agent

Cheryl Huber

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $616

Year Built

  • Built in 1928

Lot Details

  • Building is beachfront but unit may not have water views
  • End Unit

Interior Spaces

  • 1 Full Bathroom
  • Furnished
  • Blinds
  • Water Views
  • Laundry Room

Kitchen

  • Stove
  • Microwave

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

Overview

  • Association fees include electric, insurance, maintenance, sewer, trash, water, hot water, heat
  • Homestead Condos
  • 6-Story Property

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$616

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Blinds, Furnished
  • Lvt Date: 01/09/2024
  • Year Built: 1928
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Six To Ten
  • Unit Location: End Unit, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Other Rooms: Laundry/Utility Room
  • Common Area Features: Elevator, Laundromat On Site, Outside Shower, Security, Storage Facility

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Electric, Insurance, Maintenance, Sewer, Trash, Water, Hot Water, Heat
  • Condo Name: Homestead
  • Management: Association, On-Site Professionals

Lot Info

  • Location: Beach Block, Corner, Boardwalk Area, Water View

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Feb 22, 2024
Sold by
Cocchi Jeffrey and Cocchi Mary Ann
Bought by
Ambler Oc Holdings 511 Llc
Seller's Agent
Eunice Puerto
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
Buyer's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
List Price
$195,000
Sold Price
$195,000
Views
11
Current Estimated Value
$172,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,994
Avg. Annual Appreciation
-7.78%
Original Mortgage
$136,500
Outstanding Balance
$134,101
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$37,905

Purchase Details

Listed on
Jun 14, 2019
Closed on
Aug 1, 2019
Sold by
Rauscher Michael C
Bought by
Cocchi Jeffrey and Cocchi Maryann
Seller's Agent
James Boyle
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Carole Allison
Keller Williams Realty Jersey Shore-Ocean City
List Price
$78,900
Sold Price
$75,000
Premium/Discount to List
-$3,900
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.98%

Purchase Details

Closed on
Jun 20, 2014
Sold by
Rauscher Jennifer M
Bought by
Raushcer Michael C

Purchase Details

Closed on
Nov 10, 2010
Sold by
Longstaff Brandon
Bought by
Rauscher Michael C and Rauscher Jennifer M

Purchase Details

Closed on
Nov 12, 2004
Sold by
S I D Homestead Llc
Bought by
Longstaff Brandon
Source: Public Records

Range of Values:

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Average Value
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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
Ambler Oc Holdings 511 Llc $195,000 Trident Land Transfer
Ambler Oc Holdings 511 Llc $195,000 Trident Land Transfer
Cocchi Jeffrey $75,000 Title Partners Agency Llc
Raushcer Michael C -- None Available
Rauscher Michael C $35,000 Group 21 Title Agency
Longstaff Brandon $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambler Oc Holdings 511 Llc $136,500
Closed Ambler Oc Holdings 511 Llc $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2024 03/12/24 Sold $195,000 0.0% --
01/12/2024 01/12/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $195,000 +160.0% --
08/01/2019 08/01/19 Sold $75,000 -4.9% -- View Prior Sale
07/08/2019 07/08/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $78,900 -- --
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 $616 $54,900 $9,700 $45,200
2024 $616 $54,900 $9,700 $45,200
2023 $588 $54,900 $9,700 $45,200
2022 $565 $54,900 $9,700 $45,200
2021 $410 $54,900 $9,700 $45,200
2020 $537 $54,900 $9,700 $45,200
2019 $274 $28,300 $9,700 $18,600
2018 $271 $28,300 $9,700 $18,600
2017 $267 $28,300 $9,700 $18,600
2016 $257 $28,300 $9,700 $18,600
2015 $253 $28,300 $9,700 $18,600
2014 $250 $28,300 $9,700 $18,600
Source: Public Records

Agents Affiliated with this Home

  • Eunice Puerto

    Seller's Agent in 2024

    Eunice Puerto

    CENTURY 21 ATLANTIC PROFESSIONAL REALTY

    (856) 405-9232

    3 in this area

    8 Total Sales

    Eunice Puerto
    Section Image
  • Cheryl Huber

    Buyer's Agent in 2024

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    210 in this area

    315 Total Sales

    Cheryl Huber
    Section Image
  • James Boyle

    Seller's Agent in 2019

    James Boyle

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 226-0678

    33 in this area

    149 Total Sales

    James Boyle
    Section Image

  • C

    Buyer's Agent in 2019

    Carole Allison

    Keller Williams Realty Jersey Shore-Ocean City

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 581075

South Jersey Shore Regional MLS

APN: 08-00702-0000-00025-0000-C511

New Jersey Cape May County Ocean City 08226

807 E 8th St Unit 511, Ocean City, NJ

This home is located at 807 E 8th St Unit 511, Ocean City, NJ 08226 since 08 January 2024 and is currently estimated at $172,006. This property was built in 1928. 807 E 8th St Unit 511 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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South Jersey Shore Regional MLS 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.
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