NOT LISTED FOR SALE

870 E 7th St Unit 205 Ocean City, NJ 08226

Estimated Value: $278,000 - $340,000

1 Bed
1 Bath
-- Sq Ft
0.76 Acres

Last Sold December 06, 2019

Last sale price $125,000

Est. 147% increase in value since last sale

Current estimated payment $1,741/month

198 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Furnished
  • Breakfast Area or Nook
  • Ocean City Primary School Rated A
  • Community Pool
  • Air Conditioning

About This Home

As of December 2019

Second floor spacious one bedroom suite at Ocean 7 is available! This condominium is a proven rental property with its wonderful location that's so close to the beach, boardwalk and activities. It is truly fully equipped and ready to go. Also, the experienced management and front desk operation at this property is one of the best features! Condo fees include water, sewer, flood and home owners insurances, common area maintenance, cable tv and electric.

Last Agent to Sell the Property

William Godfrey

MARR AGENCY Listed on: 03/18/2019

Last Buyer's Agent

Robert Gullo

Fox Real Estate-Ocean

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • Building is beachfront but unit may not have water views

Home Design

  • Stucco

Interior Spaces

  • 3-Story Property
  • Furnished
  • Blinds
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Assigned Parking

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include amenities, electric, insurance, maintenance, management, sewer, trash, water
  • Ocean 7 Condos

Amenities

  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Blinds, Furnished
  • Year Built: 1972
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Second Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Other Rooms: Breakfast Nook
  • Common Area Features: Cable Tv, Pool, Storage Facility

Exterior Features

  • Siding Exterior: Masonry/Block, Stucco

Garage/Parking

  • Parking Exterior: One Car, Assigned

Utilities

  • Air Conditioner: Electric, Wall Units
  • Heating: Electric, Space Heater
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water
  • Condo Name: Ocean 7
  • Management: On-Site Professionals

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Elevator, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2012
Closed on
May 31, 2012
Sold by
Beaver Properties Llc and Beaver Ronald
Bought by
Donofry Lauren and Donofry Matthew
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$165,000
Sold Price
$165,000
Current Estimated Value
$309,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,025
Avg. Annual Appreciation
4.74%
Original Mortgage
$132,000
Outstanding Balance
$91,566
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$217,459
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
Donofry Lauren $165,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donofry Lauren $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2019 12/06/19 Sold $125,000 -2.0% --
10/02/2019 10/02/19 Pending -- -- --
09/20/2019 09/20/19 Price Changed $127,500 -1.8% --
06/05/2019 06/05/19 Price Changed $129,900 -3.7% --
03/18/2019 03/18/19 For Sale $134,900 -18.2% --
06/01/2012 06/01/12 Sold $165,000 0.0% -- View Prior Sale
05/20/2012 05/20/12 Pending -- -- --
05/18/2012 05/18/12 For Sale $165,000 -- --
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 $1,396 $124,400 $55,700 $68,700
2024 $1,396 $124,400 $55,700 $68,700
2023 $1,332 $124,400 $55,700 $68,700
2022 $1,280 $124,400 $55,700 $68,700
2021 $928 $124,400 $55,700 $68,700
2020 $1,217 $124,400 $55,700 $68,700
2019 $1,728 $178,700 $95,600 $83,100
2018 $1,712 $178,700 $95,600 $83,100
2017 $1,685 $178,700 $95,600 $83,100
2016 $1,621 $178,700 $95,600 $83,100
2015 $1,599 $178,700 $95,600 $83,100
2014 $1,576 $178,700 $95,600 $83,100
Source: Public Records

Agents Affiliated with this Home

  • William Godfrey

    Seller's Agent in 2019

    William Godfrey

    MARR AGENCY

    (609) 780-7363

    69 in this area

    80 Total Sales

    William Godfrey
    Section Image
  • Robert Gullo

    Buyer's Agent in 2019

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    170 in this area

    181 Total Sales

    Robert Gullo
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 519300

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C205

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 205, Ocean City, NJ

Not Listed for Sale

Condos

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