NOT LISTED FOR SALE

870 E 7th St Unit 314 Ocean City, NJ 08226

Estimated Value: $319,000 - $360,000

1 Bed
1 Bath
-- Sq Ft
0.76 Acres

Last Sold May 04, 2018

Last sale price $131,000

Est. 156% increase in value since last sale

Current estimated payment $1,887/month

40 Days on Market

Highlights

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

About This Home

As of May 2018

Ocean 7" now available at an incredible reduced price. This one bedroom suite offers a spacious living area, private bedroom, fully furnished and a step-saving kitchenette cap this splendid condo. 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 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 & ELECTRIC!

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean Listed on: 03/15/2018

Last Buyer's Agent

Robert Gullo

Fox Real Estate-Ocean Listed on: 03/15/2018

Property Details

Home Type

  • Condominium

Lot Details

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

Parking

  • 1 Parking Space

Interior Spaces

  • 3-Story Property
  • Furnished
  • Blinds
  • 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, 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

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: End Unit
  • 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
  • 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, Space/Wall/Floor
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water, Heat, Cable, Pool
  • Condo Name: Ocean 7
  • Management: Off-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
Mar 15, 2018
Closed on
May 2, 2018
Sold by
Werewolf Properties Llc
Bought by
Callaghan Joseph
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$134,900
Sold Price
$131,000
Premium/Discount to List
-$3,900
-2.89%
Current Estimated Value
$335,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,348
Avg. Annual Appreciation
13.17%

Purchase Details

Closed on
Feb 28, 2017
Sold by
Beaver Properties Llc
Bought by
Werewolf Properties Llc
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
Callaghan Joseph $131,000 --
Werewolf Properties Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2018 05/04/18 Sold $131,000 -2.9% --
04/24/2018 04/24/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $134,900 -- --
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 $1,473 $131,300 $57,400 $73,900
2024 $1,473 $131,300 $57,400 $73,900
2023 $1,406 $131,300 $57,400 $73,900
2022 $1,351 $131,300 $57,400 $73,900
2021 $348 $131,300 $57,400 $73,900
2020 $1,284 $131,300 $57,400 $73,900
2019 $1,270 $131,300 $57,400 $73,900
2018 $1,258 $131,300 $57,400 $73,900
2017 $1,735 $184,000 $95,700 $88,300
2016 $1,669 $184,000 $95,700 $88,300
2015 $1,647 $184,000 $95,700 $88,300
2014 $1,623 $184,000 $95,700 $88,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 502414

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C314