NOT LISTED FOR SALE

870 E 7th St Unit 321 Ocean City, NJ 08226

Estimated Value: $219,000 - $268,000

-- Bed
1 Bath
-- Sq Ft
0.76 Acres

Last Sold October 27, 2021

Last sale price $155,000

Est. 61% increase in value since last sale

Current estimated payment $1,428/month

43 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Deck
  • Community Pool
  • Ocean City Primary School Rated A
  • Furnished
  • Breakfast Area or Nook

About This Home

As of October 2021

Come get a piece of the #2 RATED HOTEL IN OCEAN CITY according to TripAdvisor!!! The Ocean-7 is located just steps from the Ocean City's World Famous and Top Ranked Beaches and Boardwalk! This complex is centrally located at 7th and the boardwalk just a short walk from Wonderland Pier, Kohr Brothers Ice Cream and Ocean City's Iconic Music Pier. The income generated from this highly sought after rental unit should exceed $25k for the 2021 season! Total turn key with a front desk to handle daily and weekly check ins, maid and linen service and on site professional management! The amenities include a fantastic sun deck & pool, parking and storage for your beach items. The unit has a new kitchenette with a granite counter, tile backsplash, two-burner stove, microwave, refrigerator, sink, Coffee maker, toaster, pots/pans, 2 Full XL beds able to comfortably sleep 4 and is tastefully decorated! The condo fees are very reasonable at $267/month especially considering all they cover: water, sewer, hot water, insurances, maintenance, CABLE TV and WIFI, and ELECTRIC!! Come check it out!!!

Last Agent to Sell the Property

Kevin Mcgonigle

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 08/31/2021

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

BRIAN LIESS

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

  • 1 Full Bathroom
  • 3-Story Property
  • Furnished
  • Blinds

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 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, air conditioning, 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

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Year Built: 1972
  • 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
  • Full Bathrooms: 1
  • Other Rooms: Breakfast Nook
  • Common Area Features: Cable Tv, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Pool, Storage Facility

Exterior Features

  • Siding Exterior: Concrete, Masonry/Block

Garage/Parking

  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water, Hot Water, Air Conditioning, Heat, Cable, Pool
  • Condo Name: Ocean 7
  • Management: On-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
Aug 31, 2021
Closed on
Oct 27, 2021
Sold by
Jamison Michael J and Jamison Jennifer J
Bought by
Liess Rob and Liess Marina
Seller's Agent
Kevin Mcgonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
BRIAN LIESS
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%
Current Estimated Value
$249,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,393
Avg. Annual Appreciation
12.16%

Purchase Details

Closed on
Jun 30, 2006
Sold by
Beaver Properties Llc
Bought by
Jamison Michael and Jamison Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,760
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Liess Rob $155,000 Freedom Title
Jamison Michael $179,700 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jamison Michael $143,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2021 10/27/21 Sold $155,000 -3.1% --
10/13/2021 10/13/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $159,900 -- --
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 $1,397 $124,500 $54,000 $70,500
2024 $1,397 $124,500 $54,000 $70,500
2023 $1,333 $124,500 $54,000 $70,500
2022 $1,281 $124,500 $54,000 $70,500
2021 $929 $124,500 $54,000 $70,500
2020 $1,218 $124,500 $54,000 $70,500
2019 $1,204 $124,500 $54,000 $70,500
2018 $1,193 $124,500 $54,000 $70,500
2017 $1,174 $124,500 $54,000 $70,500
2016 $1,129 $124,500 $54,000 $70,500
2015 $1,114 $124,500 $54,000 $70,500
2014 $1,098 $124,500 $54,000 $70,500
Source: Public Records

Agents Affiliated with this Home

  • Kevin Mcgonigle

    Seller's Agent in 2021

    Kevin Mcgonigle

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 226-6046

    17 in this area

    57 Total Sales

    Kevin Mcgonigle
    Section Image

  • B

    Buyer's Agent in 2021

    BRIAN LIESS

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (215) 341-6799

    3 in this area

    15 Total Sales

    BRIAN LIESS
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 554913

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C321

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 321, Ocean City, NJ

Not Listed for Sale

Condos

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