NOT LISTED FOR SALE

870 E 7th St Unit 302 Ocean City, NJ 08226

Ocean City Area

Estimated Value: $318,000 - $352,000

1 Bed
1 Bath
-- Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: December 2, 2014

Last sale price $125,000

Est. 166% increase in value since last sale

Current estimated payment $1,938 / mo

651 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 2014

One of the most sought after units at Ocean 7 is now available! Terrific location for rental income because of the proximity of the beach and boardwalk, which are just steps away. This unit is furnished and equipped. Condo fee includes All utilities!! Easy to see... call listing office for instructions.

Last Agent to Sell the Property

Michael Hoffman

MARR AGENCY License #SB-7815053 Listed on: 12/28/2012

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • Building is beachfront but unit may not have water views

Home Design

  • Concrete Siding
  • Stucco

Interior Spaces

  • 3-Story Property
  • Furnished
  • Drapes & Rods
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

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
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

0.76 Acres

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Curtains, Furnished
  • Year Built: 1972
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • 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, Elevator, Pool, Storage Facility

Exterior Features

  • Siding Exterior: Concrete, Stucco

Utilities

  • Air Conditioner: Electric, Wall Units
  • Heating: Electric, Space/Wall/Floor
  • 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: Association

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Elevator, Wall To Wall Carpet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2021
Sold by
Bought by
Current Estimated Value
$332,723

Purchase Details

Listed on
Dec 28, 2012
Closed on
Dec 2, 2014
Sold by
Bought by
Seller's Agent
Michael Hoffman
MARR AGENCY
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%
Original Mortgage
$100,000
Interest Rate
0.0399%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 13, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,700
Interest Rate
0.0672%
Mortgage Type
Purchase Money Mortgage
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$43,562 None Available
$125,000 The Title Company Of Jersey
-- Foundation Title Llc
$279,700 The Title Company Of Jersey
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $100,000
Previous Owner $223,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/02/2014 12/02/14 Sold $125,000 0.0% --
10/10/2014 10/10/14 Pending -- -- --
12/28/2012 12/28/12 For Sale $125,000 -- --
Source: South Jersey Shore Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,567 $139,700 $66,000 $73,700
2025 $1,567 $139,700 $66,000 $73,700
2024 $1,567 $139,700 $66,000 $73,700
2023 $1,496 $139,700 $66,000 $73,700
2022 $1,293 $125,700 $66,000 $59,700
2021 $826 $125,700 $66,000 $59,700
2020 $1,797 $183,700 $95,600 $88,100
2019 $1,776 $183,700 $95,600 $88,100
2018 $1,760 $183,700 $95,600 $88,100
2017 $1,732 $183,700 $95,600 $88,100
2016 $1,666 $183,700 $95,600 $88,100
2015 $1,644 $183,700 $95,600 $88,100
2014 $1,620 $183,700 $95,600 $88,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Hoffman

    Seller's Agent in 2014

    Michael Hoffman

    MARR AGENCY

    (609) 432-8890

    24 Total Sales

    Michael Hoffman
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 404476

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C302

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 302, Ocean City, NJ

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