$304,600
SOLD JAN 14, 2025

870 E 7th St Unit 420 Ocean City, NJ 08226

1 Bed
1 Bath
-- Sq Ft
0.76 Acres

Recently Sold

5% Below List Price

40 Days on Market

Highlights

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

About This Home

As of January 2025

Rarely offered fourth floor ocean facing unit at Ocean 7. This End unit has breath taking views. One of the best investment properties in town. Ocean 7 unit 420 is a fully furnished studio unit with bedroom , bath, and kitchenette. Excellent rental history grossing $35,000 this season. Located at the foot of the boardwalk at 7th street features include off street parking , elevator, owner storage and heated pool. This family friendly Condo-Tel is nonsmoking and pet free. Excellent on-site management company which markets the building, handles rentals, linens and maid service. Condo fees cover management, flood insurance, cable TV, Wi-Fi, trash and all utilities. Make it your vacation getaway or join the management run rental program.

Last Agent to Sell the Property

Francis Brady

Fox Real Estate - Beachwatch License #2294379 Listed on: 10/30/2024

Last Buyer's Agent

John Kotakis

FOX REAL ESTATE-Brighton License #1436164

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,846

Year Built

  • Built in 1972

Parking

  • 1 Parking Space

Property Views

  • Water
  • Pool

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Shades
  • Carpet

Kitchen

  • Stove
  • <<microwave>>

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Deck
  • End Unit
  • Unit is on the top floor

Community Details

Overview

  • Association fees include amenities, electric, management, sewer, trash, water, hot water, air conditioning, heat, cable, pool
  • Ocean 7 Condos

Amenities

  • Building Patio
  • 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

$1,846

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Shades
  • Lvt Date: 10/30/2024
  • Year Built: 1972
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: End Unit, Pool View, 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
  • Common Area Features: Cable Tv, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Patio, Pool, Storage Facility

Exterior Features

  • Siding Exterior: Brick

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, Management, Sewer, Trash, Water, Hot Water, Air Conditioning, Heat, Cable, Pool
  • Condo Name: Ocean 7
  • Management: On-Site Professionals

Lot Info

  • Location: Boardwalk Front

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Jan 14, 2025
Sold by
Juliano Margaret A and Juliano Michael
Bought by
Halloran Michael K
Seller's Agent
Francis Brady
Fox Real Estate - Beachwatch
Buyer's Agent
John Kotakis
FOX REAL ESTATE-Brighton
List Price
$319,500
Sold Price
$304,600
Premium/Discount to List
-$14,900
-4.66%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.39%

Purchase Details

Closed on
Sep 13, 2022
Sold by
Dominic P Juliano Revocable Trust
Bought by
Juliano Margaret A

Purchase Details

Closed on
Sep 7, 2018
Sold by
Juliano Dominic Est P
Bought by
Dominic P Jullano T

Purchase Details

Closed on
Jul 1, 2006
Sold by
Beaver Properties Llc
Bought by
Juliano Michael and Juliano Dominic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,560
Interest Rate
6.6%
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 $304,600 Surety Title
Deed $304,600 Surety Title
Deed -- --
Quit Claim Deed -- --
Deed $255,700 Lloyds & Handson Title Agenc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $204,560 Purchase Money Mortgage
Previous Owner $204,560 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Pending -- -- --
07/16/2025 07/16/25 For Sale $329,900 +8.3% --
01/14/2025 01/14/25 Sold $304,600 -4.7% --
12/09/2024 12/09/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $319,500 -- --
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 $1,846 $164,500 $89,000 $75,500
2023 $1,762 $164,500 $89,000 $75,500
2022 $1,693 $164,500 $89,000 $75,500
2021 $1,591 $164,500 $89,000 $75,500
2020 $1,609 $164,500 $89,000 $75,500
2019 $1,591 $164,500 $89,000 $75,500
2018 $1,576 $164,500 $89,000 $75,500
2017 $1,551 $164,500 $89,000 $75,500
2016 $1,492 $164,500 $89,000 $75,500
2015 $1,472 $164,500 $89,000 $75,500
2014 $1,451 $164,500 $89,000 $75,500
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2025

    Francis Brady

    Fox Real Estate - Beachwatch

    (215) 801-7138

    6 in this area

    6 Total Sales

    Francis Brady
    Section Image
  • John Kotakis

    Seller's Agent in 2025

    John Kotakis

    FOX REAL ESTATE-Brighton

    (609) 703-0288

    50 in this area

    60 Total Sales

    John Kotakis
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 590441

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C420

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 420, Ocean City, NJ

This home is located at 870 E 7th St Unit 420, Ocean City, NJ 08226 and is currently priced at $304,600. This property was built in 1972. 870 E 7th St Unit 420 is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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