NOT LISTED FOR SALE

856 E 7th St Unit 4 Ocean City, NJ 08226

Estimated Value: $1,000,000 - $1,200,741

4 Beds
3 Baths
1,632 Sq Ft
$693/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $553,000 $339 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $6,421/month

106 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Furnished
  • Ocean City Primary School Rated A
  • Cathedral Ceiling
  • Community Pool

About This Home

As of July 2020

RENTAL MACHINE! Immaculate Beach block townhouse with views of the ocean! This 4 Bed, 3 Bath unit is just steps from the Ocean City beach and boardwalk. The first floor consists of a family room that can be used as a Bedroom and 1 Bathroom. Walk upstairs to the second floor and find 1 Bedroom, washer/dryer, fully equipped Kitchen with stainless steel appliances, Dining area and Living room with Fireplace, cathedral ceilings, skylights and access to the front deck with views of the ocean! The third floor offers 2 Bedrooms, Jack and Jill Bathroom with Jacuzzi tub and access to the back deck. Exterior features multiple decks, parking for 2 cars, POOL and outside shower. Property comes fully and beautifully furnished with amazing rental income!

Last Agent to Sell the Property

Cheryl Huber

BHHS FOX and ROACH-109 34th OC Listed on: 03/13/2020

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Patrick Halliday

BHHS FOX and ROACH-West Ave OC

BHHS FOX and ROACH-West Ave OC

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1982

Lot Details

  • Building is beachfront but unit may not have water views

Parking

  • 2 Parking Spaces

Home Design

  • Shingle Siding
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Water Views

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Association fees include insurance, maintenance, trash, water, pool

Recreation

  • Outdoor Community Showers
  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Townhouse Details

Home Type

Townhome

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Townhouse
  • Also Includes: Furnished
  • Year Built: 1982
  • Age: 25+ Years
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Water View
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Wood Burning
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Common Area Features: Outside Shower, Pool

Exterior Features

  • Siding Exterior: Shingle, Stucco, Vinyl

Garage/Parking

  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Trash, Water, Pool
  • Management: Association

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Cathedral Ceiling(s), Fireplace(s)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Jul 31, 2020
Sold by
Hepner John and Kichanski Walter J
Bought by
Zoppina Mark S and Zoppina Heather
Seller's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$569,900
Sold Price
$553,000
Premium/Discount to List
-$16,900
-2.97%
Current Estimated Value
$1,131,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,685
Avg. Annual Appreciation
14.29%
Original Mortgage
$442,400
Outstanding Balance
$392,440
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$739,245

Purchase Details

Closed on
Dec 1, 2009
Sold by
Heenan Carol A and Dukeman Geraldine
Bought by
Hepner John and Kochanski Walter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.02%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zoppina Mark S $553,000 Freedom Title
Hepner John $515,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zoppina Mark S $442,400
Previous Owner Hepner John $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $553,000 -1.2% $339 / Sq Ft
06/27/2020 06/27/20 Pending -- -- --
06/25/2020 06/25/20 Price Changed $559,900 -1.8% $343 / Sq Ft
03/13/2020 03/13/20 For Sale $569,900 -- $349 / Sq Ft
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 $5,610 $500,000 $348,600 $151,400
2024 $5,610 $500,000 $348,600 $151,400
2023 $5,355 $500,000 $348,600 $151,400
2022 $5,145 $500,000 $348,600 $151,400
2021 $3,730 $500,000 $348,600 $151,400
2020 $4,890 $500,000 $348,600 $151,400
2019 $4,835 $500,000 $348,600 $151,400
2018 $4,790 $500,000 $348,600 $151,400
2017 $4,715 $500,000 $348,600 $151,400
2016 $4,535 $500,000 $348,600 $151,400
2015 $4,475 $500,000 $348,600 $151,400
2014 $4,410 $500,000 $348,600 $151,400
Source: Public Records

Agents Affiliated with this Home

  • Cheryl Huber

    Seller's Agent in 2020

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    198 in this area

    305 Total Sales

    Cheryl Huber
    Section Image
  • Patrick Halliday

    Buyer's Agent in 2020

    Patrick Halliday

    BHHS Fox & Roach

    (609) 602-3917

    212 in this area

    360 Total Sales

    Patrick Halliday
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 535239

South Jersey Shore Regional MLS

APN: 08-00701-0000-00012-0000-C6

New Jersey Cape May County Ocean City 08226

856 E 7th St Unit 4, Ocean City, NJ

Not Listed for Sale

Townhouses

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