NOT LISTED FOR SALE

870 E 7th St Unit 310 Ocean City, NJ 08226

Estimated Value: $292,000 - $373,000

1 Bed
1 Bath
-- Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: November 22, 2024

Last sale price $315,000

Est. 8% increase in value since last sale

Current estimated payment $1,963 / mo

34 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Deck
  • Furnished

About This Home

As of November 2024

Welcome to Ocean 7, located steps from the Boardwalk and Beaches in OCNJ. This 1 Bedroom with 2 Queen Beds features an additional Sleeper Sofa to sleep 6. The unit also features a kitchenette with refrigerator, microwave, and cooktop. The Unit comes Fully Furnished and Equipped. The Ocean 7 is a Condominium Hotel that has a front desk and is professionally managed and rented nightly. There is an awesome Heated Pool and Sundeck. Association fees include water & sewer, hot water, flood & hazard insurance, common area maintenance, cable TV, Wi-Fi, & Electric. The building is open Seasonally from April through October. Gross Rental Revenue of $38,945 for 2023.

Last Agent to Sell the Property

Eric Booth

Compass New Jersey-Ocean City (O463E) Listed on: 08/27/2024

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Ryan Huck

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • 0.76

Parking

  • 1 Parking Space

Home Design

  • Concrete Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Dining Area
  • Wood Flooring
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Additional Features

  • Deck
  • Building is beachfront but unit may not have water views

Community Details

Overview

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

Amenities

  • Building Patio
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • 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: Blinds, Curtains, Drapes, Furnished, Rugs
  • Year Built: 1972
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Electric Stove, Microwave, Refrigerator
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Other Rooms: Dining Area
  • Common Area Features: Cable Tv, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Patio, Pool

Exterior Features

  • Siding Exterior: Concrete

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

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

Lot Info

  • Location: Beach Block, Boardwalk Area, Water View

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Elevator, Hardwood Floors

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
Aug 27, 2024
Closed on
Nov 22, 2024
Sold by
Bought by
Seller's Agent
Eric Booth
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Ryan Huck
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$319,900
Sold Price
$315,000
Premium/Discount to List
-$4,900
-1.53%
Views
62
Current Estimated Value
$340,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,795
Avg. Annual Appreciation
4.21%
Original Mortgage
$157,500
Interest Rate
0.0644%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 2020
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 2019
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
$105,000
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2017
Sold by
Bought by
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
$315,000 Freedom Title
$26,500 None Listed On Document
$48,721 None Available
$140,000 Title Company Of Jersey
-- None Available
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
Closed $157,500
Closed $105,000
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
11/22/2024 11/22/24 Sold $315,000 -1.5% --
09/30/2024 09/30/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $319,900 -- --
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 $1,471 $131,100 $57,400 $73,700
2025 $1,471 $131,100 $57,400 $73,700
2024 $1,404 $131,100 $57,400 $73,700
2023 $1,404 $131,100 $57,400 $73,700
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

  • Eric Booth

    Seller's Agent in 2024

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    110 Total Sales

    Eric Booth
    Section Image
  • Ryan Huck

    Buyer's Agent in 2024

    Ryan Huck

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 425-8824

    94 Total Sales

    Ryan Huck
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 588465

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C310

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 310, 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.
Information is deemed reliable but not guaranteed.
© 2026 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

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