NOT LISTED FOR SALE

870 E 7th St Unit 308 Ocean City, NJ 08226

Ocean City Area

Estimated Value: $331,217 - $359,000

1 Bed
1 Bath
-- Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: April 21, 2022

Last sale price $250,000

Est. 37% increase in value since last sale

Current estimated payment $2,023 / mo

1 Day on Market

Highlights

  • Deck
  • Furnished
  • Community Pool
  • Ocean City Primary School Rated A
  • Great Room
  • Elevator

About This Home

As of April 2022

This Ocean 7 one bedroom suite has been totally renovated including new Luxury vinyl plank flooring, new kitchen including granite countertops, ceramic tile back-splash and glass stove top. Decorated to the nines with beautiful furnishings and beach decor all included. Ocean 7 was magically transformed from a Grand Old Hotel into separately owned condominiums a few years ago. She 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 a heated resort style pool with sundeck. Includes parking and storage facilities. Condo fees include water, sewer, hot water, flood & hazard insurance, common area maintenance, cable TV, Wi-Fi, & ELECTRIC! Located just a stone's throw to the famous Ocean City beach & boardwalk. This pristine condo boasts one of the island's best rental addresses...if high investment income is what you are after, look no further the 2021 gross rental income exceeded $32K! Ocean 7 is a seasonal building open from late April to mid October.

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean Listed on: 02/26/2022

Last Buyer's Agent

Robert Gullo

Fox Real Estate-Ocean Listed on: 02/26/2022

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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Property Details

Home Type

  • Condominium

Lot Details

  • 0.76

Parking

  • 1 Parking Space

Interior Spaces

  • 3-Story Property
  • Furnished
  • Blinds
  • Great Room
  • Dining Area

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

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

Community Details

Overview

  • Association fees include amenities, electric, insurance, maintenance, management, sewer, trash, water, hot water, 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

Lot Details

0.76 Acres

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • 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: Dining Area, Great Room
  • Common Area Features: Cable Tv, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Pool, Storage Facility

Garage/Parking

  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: No Pets Allowed

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

Listed on
Feb 26, 2022
Closed on
Apr 21, 2022
Sold by
Bought by
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$250,900
Sold Price
$250,000
Premium/Discount to List
-$900
-0.36%
Current Estimated Value
$342,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,804
Avg. Annual Appreciation
7.65%

Purchase Details

Closed on
Jan 14, 2018
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2017
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ocean City, NJ

  • Maria Doyle Real Estate Agent - Compass RE

    Maria Doyle

    Compass RE

    (484) 592-6091

    141 Total Sales

    2 in Ocean City

    $1M - $1.1M Price Range

    Maria Doyle
     Section Image
  • Jill Leap Real Estate Agent - Balsley-Losco Realtors

    Jill Leap

    Balsley-Losco Realtors

    (609) 798-7218

    90 Total Sales

    2 in Ocean City

    $600,000 Price Range

    Jill Leap
     Section Image
  • Ethel Hermenau Real Estate Agent - KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    Ethel Hermenau

    KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    (609) 739-9972

    80 Total Sales

    2 in Ocean City

    $375K - $540K Price Range

    Ethel Hermenau
     Section Image
  • Kevin Halliday Real Estate Agent - BERGER REALTY-A

    Kevin Halliday

    BERGER REALTY-A

    (609) 849-5358

    54 Total Sales

    52 in Ocean City

    $549K - $3.4M Price Range

    Kevin Halliday
     Section Image
  • Jaime Kravitz Real Estate Agent - DILORENZO REALTY GROUP, LLC

    Jaime Kravitz

    DILORENZO REALTY GROUP, LLC

    (609) 798-7506

    60 Total Sales

    1 in Ocean City

    $2,200,000 Price

    Jaime Kravitz
     Section Image
  • Naoji Moriuchi Real Estate Agent - Compass New Jersey, LLC - Moorestown

    Naoji Moriuchi

    Compass New Jersey, LLC - Moorestown

    (856) 452-4940

    287 Total Sales

    2 in Ocean City

    $1,249,000 Price Range

    Naoji Moriuchi
     Section Image
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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
$250,000 Surety Title
$130,000 --
-- None Available
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 Prior Sale
04/21/2022 04/21/22 Sold $250,000 -0.4% --
02/27/2022 02/27/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $250,900 +93.0% --
05/14/2018 05/14/18 Sold $130,000 -3.6% -- View Prior Sale
05/02/2018 05/02/18 Pending -- -- --
05/02/2018 05/02/18 For Sale $134,900 -- --
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 $1,666 $148,500 $57,400 $91,100
2025 $1,666 $148,500 $57,400 $91,100
2024 $1,666 $148,500 $57,400 $91,100
2023 $1,590 $148,500 $57,400 $91,100
2022 $1,349 $131,100 $57,400 $73,700
2021 $978 $131,100 $57,400 $73,700
2020 $1,282 $131,100 $57,400 $73,700
2019 $1,268 $131,100 $57,400 $73,700
2018 $1,256 $131,100 $57,400 $73,700
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

  • Robert Gullo Real Estate Agent - Fox Real Estate-Ocean

    Seller's Agent in 2022

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    142 Total Sales

    Robert Gullo
    Section Image
  • Rachel Bachman Real Estate Agent - LPT Realty

    Buyer's Agent in 2018

    Rachel Bachman

    LPT Realty

    (267) 374-1792

    31 Total Sales

    Rachel Bachman
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 560061

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C308

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 308, Ocean City, NJ

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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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