$116,000
SOLD MAR 16, 2015

870 E 7th St Unit 401 Ocean City, NJ 08226

1 Bed
1 Bath
-- Sq Ft
0.76 Acres

Recently Sold

735 Days on Market

Highlights

  • Unit is on the top floor
  • Newly Remodeled
  • Furnished
  • Ocean City Primary School Rated A
  • Building is beachfront but unit may not have water views
  • Community Pool

About This Home

As of May 2022

Top floor unit at Ocean 7 is available just in time for the upcoming Spring season! Ocean 7 is a proven rental property with its wonderful location that's so close to the beach, boardwalk and activities. This unit is furnished, equipped and ready to go. Easy to see!

Last Agent to Sell the Property

Michael Hoffman

MARR AGENCY License #SB-7815053 Listed on: 02/01/2013

Last Buyer's Agent

Michael Hoffman

MARR AGENCY License #SB-7815053 Listed on: 02/01/2013

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,457

Year Built

  • Built in 1972 | Newly Remodeled

Home Design

  • Stucco

Interior Spaces

  • 3-Story Property
  • Furnished
  • Drapes & Rods
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Building is beachfront but unit may not have water views
  • Unit is on the top floor

Community Details

Overview

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

Amenities

  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,457

Year Built

Built in 1972 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Curtains, Furnished
  • New Construction: Yes
  • Year Built: 1972
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Top Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Other Rooms: Breakfast Nook
  • Common Area Features: Cable Tv, Pool, Storage Facility

Exterior Features

  • Siding Exterior: Masonry/Block, Stucco

Utilities

  • Air Conditioner: Electric, Wall Units
  • Heating: Electric, Space/Wall/Floor
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water
  • Condo Name: Ocean 7
  • Management: Association

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Elevator, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2021
Closed on
Apr 22, 2022
Sold by
Rugg1er1 and Jennifer
Bought by
Ice Tyler and Ice Stephanie
Seller's Agent
William Friedman
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Adam Brown
BHHS FOX and ROACH-Margate
List Price
$260,000
Sold Price
$265,000
Premium/Discount to List
$5,000
1.92%
Current Estimated Value
$321,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,466
Avg. Annual Appreciation
7.05%
Original Mortgage
$195,000
Outstanding Balance
$185,648
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$145,220

Purchase Details

Listed on
Jun 11, 2018
Closed on
Jul 31, 2018
Sold by
Amega Enterprises Llc
Bought by
Ruggieri Charles and Ruggieri Jennifer
Seller's Agent
Michael Hoffman
MARR AGENCY
Buyer's Agent
William Friedman
Keller Williams Realty Jersey Shore-Ocean City
List Price
$139,900
Sold Price
$135,000
Premium/Discount to List
-$4,900
-3.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.53%

Purchase Details

Listed on
Feb 1, 2013
Closed on
Mar 13, 2015
Sold by
Newfield National Bank
Bought by
Amega Enterprises Llc
Seller's Agent
Michael Hoffman
MARR AGENCY
Buyer's Agent
Michael Hoffman
MARR AGENCY
List Price
$116,000
Sold Price
$116,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%

Purchase Details

Closed on
Feb 5, 2012
Sold by
Woods James A and Woods Josephine
Bought by
Newfield National Bank

Purchase Details

Closed on
Oct 27, 2006
Sold by
Beaver Properties Llc
Bought by
Woods James A and Woods Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,830
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $265,000 Foundation Title
Deed $135,000 --
Bargain Sale Deed $116,000 Surety Title Company
Sheriffs Deed -- None Available
Deed $279,700 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 New Conventional
Previous Owner $195,830 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2022 05/03/22 Sold $265,000 +1.9% --
03/18/2022 03/18/22 Pending -- -- --
12/15/2021 12/15/21 For Sale $260,000 +92.6% --
07/23/2018 07/23/18 Sold $135,000 -3.5% --
06/20/2018 06/20/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $139,900 +20.6% --
03/16/2015 03/16/15 Sold $116,000 0.0% --
02/06/2015 02/06/15 Pending -- -- --
02/01/2013 02/01/13 For Sale $116,000 -- --
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
2024 $1,457 $129,900 $51,200 $78,700
2023 $1,391 $129,900 $51,200 $78,700
2022 $1,337 $129,900 $51,200 $78,700
2021 $968 $129,900 $51,200 $78,700
2020 $1,270 $129,900 $51,200 $78,700
2019 $1,825 $188,700 $95,600 $93,100
2018 $1,808 $188,700 $95,600 $93,100
2017 $1,779 $188,700 $95,600 $93,100
2016 $1,712 $188,700 $95,600 $93,100
2015 $1,689 $188,700 $95,600 $93,100
2014 $1,664 $188,700 $95,600 $93,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 406149

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C401