NOT LISTED FOR SALE

870 E 7th St Unit 409 Ocean City, NJ 08226

Estimated Value: $321,000 - $345,000

1 Bed
1 Bath
-- Sq Ft
0.76 Acres

Last Sold August 29, 2018

Last sale price $154,935

Est. 113% increase in value since last sale

Current estimated payment $1,862/month

5 Days on Market

Highlights

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

About This Home

As of August 2018

Ocean 7 unit #409 is a 1 BDRM 447 sq ft "Decorator Suite" on the top floor of the building (4th Floor). This suite contains an unusually large bedroom that you won't find at most other properties. It offers beautiful peek/glimpse views (as shown in pictures) of the Atlantic Ocean from the living room and bedroom areas. Guest favorite is the unobstructed views of the famous Ocean City Ferris wheel from the living room couch, dinette, and outside area. For those of you who enjoy skyline views, partial Atlantic City views can be seen at a distance as well. May 2018 renovations include: • Beach-Themed Bedroom with brand new furniture which includes 2 Queen mattresses and box springs and all new white cottage bedroom furniture. Flat screen television with DVD player also included. • Updated Custom Kitchenette - New quartz counter top, under counter lighting, white shaker cabinet doors, 2-burner glass stove top, and 34" high refrigerator.• Beach-Themed Living Room - Enjoy the beach decor with a unique boat shelf, entertainment center with a large flat screen television as well as DVD player, brand new queen-sized sofa bed, dinette table, and extra cabinet for food/miscellaneous accessories. • Brand new plank tile (not laminate) flooring throughout. • Fresh paint - beach colors throughout. Condo fees include water, sewer, hot water, flood & hazard insurance, common area maintenance, cable TV & ELECTRIC. Fantastic rental history easy financing with Sturdy Savings or Crest Savings

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean Listed on: 07/26/2018

Last Buyer's Agent

ERNEST GRONLIE

BALSLEY/LOSCO License #0565062

BALSLEY/LOSCO

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,314

Lot Details

  • 0.76

Parking

  • 1 Parking Space

Interior Spaces

  • 3-Story Property
  • Furnished
  • Blinds
  • Dining Area
  • Water Views

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Cable TV Available

Additional Features

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

Listing and Financial Details

  • Legal Lot and Block 15-C409 / 701

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

Est. Annual Taxes

$1,314

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: Top Floor, Water View
  • 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, 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

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

  • Lot Number: 15-C409
  • Location: Beach Block, Boardwalk Area

Rental Info

  • Pets: No Pets Allowed

Tax Info

  • Year: 2017
  • Taxes: 1314

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2022
Sold by
Vanriper Barbara
Bought by
Hamilton Megan L
Current Estimated Value
$329,928

Purchase Details

Listed on
Jul 26, 2018
Closed on
Aug 9, 2018
Sold by
Maul Aaron and Maul Kristine
Bought by
Hamilton Tracy K
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
ERNEST GRONLIE
BALSLEY/LOSCO
List Price
$159,900
Sold Price
$154,935
Premium/Discount to List
-$4,965
-3.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%

Purchase Details

Closed on
Jun 7, 2017
Sold by
Werewolf Properties Llc
Bought by
Maul Aaron and Maul Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Hamilton Megan L -- --
Hamilton Megan L -- None Listed On Document
Hamilton Tracy K $154,935 --
Maul Aaron $125,000 None Available
Werewolf Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maul Aaron $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2018 08/29/18 Sold $154,935 -3.1% --
07/31/2018 07/31/18 Pending -- -- --
07/26/2018 07/26/18 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 $1,527 $136,100 $57,400 $78,700
2024 $1,527 $136,100 $57,400 $78,700
2023 $1,458 $136,100 $57,400 $78,700
2022 $1,400 $136,100 $57,400 $78,700
2021 $1,015 $136,100 $57,400 $78,700
2020 $1,331 $136,100 $57,400 $78,700
2019 $1,316 $136,100 $57,400 $78,700
2018 $1,304 $136,100 $57,400 $78,700
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

  • Robert Gullo

    Seller's Agent in 2018

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    170 in this area

    181 Total Sales

    Robert Gullo
    Section Image

  • E

    Buyer's Agent in 2018

    ERNEST GRONLIE

    BALSLEY/LOSCO

    (609) 276-6000

    3 Total Sales

    ERNEST GRONLIE
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 508767

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C409

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 409, Ocean City, NJ

Not Listed for Sale

Condos

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