NOT LISTED FOR SALE

870 E 7th St Unit 418 Ocean City, NJ 08226

Estimated Value: $262,551 - $325,000

Studio
1 Bath
-- Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: April 1, 2022

Last sale price $239,900

Est. 27% increase in value since last sale

Current estimated payment $1,746 / mo

8 Days on Market

Highlights

  • Water Views
  • Unit is on the top floor
  • Furnished
  • Ocean City Primary School Rated A
  • Deck
  • Community Pool

About This Home

As of April 2022

Finally, a top floor boardwalk front unit available at the Ocean 7 condos. This incredible premium top floor unit has direct oceanfront views and incredible rental history. This efficiency unit comes complete with galley kitchen with granite counter tops, tiled back-splash, luxury vinyl plank flooring, two double beds, spacious bath and beautiful furnishings. 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 & linen 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, Wi-Fi, & ELECTRIC! Located just a stones throw to the famous Ocean City beach & boardwalk. Ocean 7 boasts one of the islands best rental addresses, too...if high investment income is what you are after, look no further. 2021 gross rental income exceeded 34K. Ocean 7 is a seasonal building open from late April to mid October.

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean Listed on: 02/21/2022

Last Buyer's Agent

Cheryl Huber

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Condominium

Lot Details

  • 0.76

Parking

  • 1 Parking Space

Interior Spaces

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

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave

Utilities

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

Additional Features

  • Deck
  • Unit is on the top floor

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

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: Top Floor, Water View
  • 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

Garage/Parking

  • Parking Exterior: One Car

Utilities

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

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: Boardwalk Front, Water View

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

Closed on
May 5, 2026
Sold by
Bought by
Current Estimated Value
$305,138

Purchase Details

Listed on
Feb 21, 2022
Closed on
Mar 25, 2022
Sold by
Bought by
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
List Price
$239,900
Sold Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%

Purchase Details

Closed on
Dec 14, 2018
Sold by
Bought by

Purchase Details

Listed on
Jun 29, 2014
Closed on
Nov 20, 2014
Sold by
Bought by
Seller's Agent
Susan Gardner
WEICHERT REALTORS ASBURY GROUP-OC
Buyer's Agent
JOHN LAROSA
Fox Real Estate-Ocean
List Price
$114,900
Sold Price
$114,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%

Purchase Details

Closed on
Mar 3, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,560
Interest Rate
0.066%
Mortgage Type
Purchase Money Mortgage
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

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
-- None Listed On Document
$239,900 Scott Title & Escrow
$137,500 --
$114,900 First American Title Ins Co
-- None Available
$245,700 The Title Company Of Jersey
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $196,560
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 Prior Sale
04/01/2022 04/01/22 Sold $239,900 0.0% --
03/01/2022 03/01/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $239,900 +108.8% --
11/20/2014 11/20/14 Sold $114,900 0.0% -- View Prior Sale
10/30/2014 10/30/14 Pending -- -- --
06/29/2014 06/29/14 For Sale $114,900 -- --
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 $1,510 $134,600 $56,800 $77,800
2025 $1,510 $134,600 $56,800 $77,800
2024 $1,510 $134,600 $56,800 $77,800
2023 $1,442 $134,600 $56,800 $77,800
2022 $1,241 $120,600 $56,800 $63,800
2021 $1,211 $120,600 $56,800 $63,800
2020 $1,179 $120,600 $56,800 $63,800
2019 $1,166 $120,600 $56,800 $63,800
2018 $1,568 $163,700 $88,800 $74,900
2017 $1,544 $163,700 $88,800 $74,900
2016 $1,485 $163,700 $88,800 $74,900
2015 $1,465 $163,700 $88,800 $74,900
2014 $1,444 $163,700 $88,800 $74,900
Source: Public Records

Agents Affiliated with this Home

  • Robert Gullo

    Seller's Agent in 2022

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    150 Total Sales

    Robert Gullo
    Section Image
  • Cheryl Huber

    Buyer's Agent in 2022

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    253 Total Sales

    Cheryl Huber
    Section Image
  • Susan Gardner

    Seller's Agent in 2014

    Susan Gardner

    Weichert Corporate

    (609) 398-4400

    51 Total Sales

    Susan Gardner
    Section Image

  • J

    Buyer's Agent in 2014

    JOHN LAROSA

    Fox Real Estate-Ocean

    JOHN LAROSA
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 559872

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C418

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 418, Ocean City, NJ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2026 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

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