NOT LISTED FOR SALE

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

Ocean City Area

Estimated Value: $323,000 - $454,000

1 Bed
1 Bath
-- Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: May 4, 2018

Last sale price $131,000

Est. 174% increase in value since last sale

Current estimated payment $2,097 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

0.76 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
  • 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

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
Mar 15, 2018
Closed on
May 2, 2018
Sold by
Bought by
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
$359,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,107
Avg. Annual Appreciation
12.92%

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

  • Chris Warren Real Estate Agent - BERGER REALTY-Main

    Chris Warren

    BERGER REALTY-Main

    (609) 554-1185

    17 Total Sales

    13 in Ocean City

    $395K - $2.3M Price Range

    Chris Warren
     Section Image
  • Shawn O'Brien Real Estate Agent - KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    Shawn O'Brien

    Responds Quickly

    KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    (640) 900-6145

    97 Total Sales

    1 in Ocean City

    $873,000 Price

    Shawn O'Brien
     Section Image
  • Jack Yao Real Estate Agent - Realmart Realty, LLC

    Jack Yao

    Realmart Realty, LLC

    (732) 838-6992

    1,403 Total Sales

    2 in Ocean City

    $800K - $1.3M Price Range

    Jack Yao
     Section Image
  • SEAN MORRISEY Real Estate Agent - BHHS FOX and ROACH-109 34th OC

    SEAN MORRISEY

    BHHS FOX and ROACH-109 34th OC

    (640) 900-6730

    33 Total Sales

    28 in Ocean City

    $171K - $3M Price Range

    SEAN MORRISEY
     Section Image
  • Eric Millstein Real Estate Agent - Soleil Sotheby's International Realty - A

    Eric Millstein

    Responds Quickly

    Soleil Sotheby's International Realty - A

    (609) 739-9829

    146 Total Sales

    2 in Ocean City

    $650K - $860K Price Range

    Eric Millstein
     Section Image
  • MICHAEL RIORDAN Real Estate Agent - KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    MICHAEL RIORDAN

    KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    (609) 312-5310

    90 Total Sales

    2 in Ocean City

    $540K - $615K Price Range

    MICHAEL RIORDAN
     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
$131,000 --
-- 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
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

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 $1,473 $131,300 $57,400 $73,900
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

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

    Seller's Agent in 2018

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    142 Total Sales

    Robert Gullo
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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

New Jersey Cape May County Ocean City 08226

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

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