NOT LISTED FOR SALE

870 E 7th St Unit 218 Ocean City, NJ 08226

Estimated Value: $260,894 - $309,000

-- Bed
1 Bath
-- Sq Ft
0.76 Acres

Last Sold April 29, 2022

Last sale price $220,000

Est. 27% increase in value since last sale

Current estimated payment $1,661/month

86 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Deck
  • Pool View
  • Ocean City Primary School Rated A
  • End Unit
  • Furnished

About This Home

As of April 2022

#1 Traveler Rated on TripAdvisor: Ocean 7 Condominiums! Fully renovated with a proven track record of excellent rental income (2021 rental income $31,390.00). This pool front studio has comparable income to the one bedroom units with less carrying costs. This incredible Ocean 7 pool front efficiency has been totally renovated including porcelain wood plank tile flooring throughout, refreshed cabinets, Bianco Antico granite countertop, stylish white subway tiled backsplash, glass stove top, full size microwave and under mount stainless steel sink with retractable faucet. Bathroom upgrades include same beautiful granite vanity top as kitchen, LED lighting fixtures, newer faucets, and ventilation fan. Decorated to the nines with beautiful furnishings, custom vinyl roller shades with matching valance and beach decor all included. Ocean 7 offers all the conveniences of Hotel Living, daily check ins via the front desk, daily maid & linens service, on site management for care free ownership and heated resort style pool with sundeck. Includes parking and storage facility. Condo fees include water, sewer, hot water, flood & hazard insurance, common area maintenance, cable TV, Wi-Fi, & ELECTRIC! Located just a stones throw to the famous Ocean City beach & boardwalk. Ocean 7 is a seasonalbuilding open from late April to mid October.

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean License #0233337 Listed on: 12/03/2021

Last Buyer's Agent

Robert Gullo

Fox Real Estate-Ocean License #0233337 Listed on: 12/03/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,449

Year Built

  • Built in 1972

Lot Details

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

Parking

  • 1 Parking Space

Home Design

  • Concrete Siding

Interior Spaces

  • 1 Full Bathroom
  • 3-Story Property
  • Furnished
  • Blinds
  • Pool Views

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave

Outdoor Features

  • Deck

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Cable TV Available

Community Details

Overview

  • Association fees include amenities, electric, insurance, maintenance, management, sewer, trash, water, hot water, air conditioning, heat, cable, pool
  • Ocean 7 Condos

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,449

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Lvt Date: 12/03/2021
  • Year Built: 1972
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: End Unit, Pool View, Second Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Other Rooms: Breakfast Nook
  • Common Area Features: Cable Tv, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Pool, Storage Facility

Exterior Features

  • Siding Exterior: Concrete, Masonry/Block

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Wall Units
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water, Hot Water, Air Conditioning, Heat, Cable, Pool
  • Condo Name: Ocean 7
  • Management: On-Site Professionals

Lot Info

  • Location: Beach Block, Boardwalk Area

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2021
Closed on
Apr 21, 2022
Sold by
Brunhammer Todd M and Brunhammer Dorana H
Bought by
Gratten Joseph and Gratten Joanne
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$229,999
Sold Price
$220,000
Premium/Discount to List
-$9,999
-4.35%
Current Estimated Value
$278,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,474
Avg. Annual Appreciation
7.71%
Original Mortgage
$165,000
Outstanding Balance
$156,634
Interest Rate
4.67%
Mortgage Type
Balloon
Estimated Equity
$123,215

Purchase Details

Closed on
May 30, 2017
Sold by
Werewolf Properties Llc
Bought by
Brunhammer Todd M and Brunhammer Dorana H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2017
Sold by
Beaver Properties Llc
Bought by
Werewolf Properties Llc
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
Gratten Joseph $220,000 Surety Title
Brunhammer Todd M $105,000 None Available
Werewolf Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gratten Joseph $165,000
Previous Owner Brunhammer Todd M $78,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $220,000 -4.3% --
02/27/2022 02/27/22 Pending -- -- --
12/03/2021 12/03/21 For Sale $229,999 -- --
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
2024 $1,449 $129,100 $56,800 $72,300
2023 $1,383 $129,100 $56,800 $72,300
2022 $1,138 $110,600 $56,800 $53,800
2021 $825 $110,600 $56,800 $53,800
2020 $1,082 $110,600 $56,800 $53,800
2019 $1,070 $110,600 $56,800 $53,800
2018 $1,060 $110,600 $56,800 $53,800
2017 $1,449 $153,700 $88,800 $64,900
2016 $1,394 $153,700 $88,800 $64,900
2015 $1,376 $153,700 $88,800 $64,900
2014 $1,356 $153,700 $88,800 $64,900
Source: Public Records

Agents Affiliated with this Home

  • Robert Gullo

    Seller's Agent in 2022

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    185 in this area

    196 Total Sales

    Robert Gullo
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 557901

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C218

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 218, Ocean City, NJ

This home is located at 870 E 7th St Unit 218, Ocean City, NJ 08226 since 03 December 2021 and is currently estimated at $278,474. This property was built in 1972. 870 E 7th St Unit 218 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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