NOT LISTED FOR SALE

870 E 7th St Unit 421 Ocean City, NJ 08226

Estimated Value: $257,838 - $315,000

Studio
1 Bath
-- Sq Ft
0.76 Acres

Last Sold December 08, 2022

Last sale price $214,000

Est. 29% increase in value since last sale

Current estimated payment $1,559/month

85 Days on Market

Highlights

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

About This Home

As of December 2022

BEAUTIFUL TOP FLOOR UNIT AT OCEAN 7! Well maintained studio unit with 2 double beds, updated kitchenette and nice decor throughout. Exceptional rental history and superb location. Condo fees include: water, sewer, heat, air conditioning, flood and hazard insurance, plus cable wi-fi and electric. Similar to hotel living at its finest. Seasonally operated from April through October with daily maid service and onsite management. Enjoy the heated pool and patio area, or wander down to the Boardwalk, beach amusements and shops. An ideal investment. Access information shown in the Agent Remarks. All appointments through Showing time. Ready to Go so show and sell!

Last Agent to Sell the Property

Barb Kyle

BALSLEY/LOSCO Listed on: 08/02/2022

BALSLEY/LOSCO

Last Buyer's Agent

Francis Brady

Fox Real Estate - Beachwatch

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • 0.76

Interior Spaces

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

Kitchen

  • Stove
  • Microwave

Parking

  • 1 Parking Space
  • Assigned Parking

Utilities

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

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Blinds, Furnished
  • 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: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Common Area Features: Cable Tv, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Pool, Storage Facility

Garage/Parking

  • Parking Exterior: One Car, Assigned

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: Boardwalk Area

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2022
Closed on
Dec 8, 2022
Sold by
Calabro David J
Bought by
Equity Trust Company and Maureen A Brady Ira
Seller's Agent
Barb Kyle
BALSLEY/LOSCO
Buyer's Agent
Francis Brady
Fox Real Estate - Beachwatch
List Price
$219,000
Sold Price
$214,000
Premium/Discount to List
-$5,000
-2.28%
Views
205
Current Estimated Value
$276,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,960
Avg. Annual Appreciation
8.59%

Purchase Details

Listed on
Jan 10, 2018
Closed on
Jul 5, 2018
Sold by
Gauta Walt
Bought by
Calabro David J
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Barb Kyle
BALSLEY/LOSCO
List Price
$115,000
Sold Price
$110,000
Premium/Discount to List
-$5,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.21%

Purchase Details

Closed on
Jun 29, 2006
Sold by
Beaver Properties Llc
Bought by
Gauta Walt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,465
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Equity Trust Company $214,000 The Title Company
Equity Trust Company $214,000 The Title Company
Calabro David J $110,000 --
Gauta Walt $184,700 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gauta Walt $175,465
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2022 12/08/22 Sold $214,000 0.0% --
12/08/2022 12/08/22 Sold $214,000 -2.3% $829 / Sq Ft View Prior Sale
10/26/2022 10/26/22 Pending -- -- --
10/26/2022 10/26/22 Pending -- -- --
08/02/2022 08/02/22 Price Changed $219,000 0.0% $849 / Sq Ft
08/02/2022 08/02/22 For Sale $219,000 -3.5% --
06/22/2022 06/22/22 For Sale $227,000 +106.4% $880 / Sq Ft
07/05/2018 07/05/18 Sold $110,000 -4.3% -- View Prior Sale
05/07/2018 05/07/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $115,000 -- --
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
2025 $1,453 $129,500 $54,000 $75,500
2024 $1,453 $129,500 $54,000 $75,500
Source: Public Records

Agents Affiliated with this Home

  • Barb Kyle

    Seller's Agent in 2022

    Barb Kyle

    BALSLEY/LOSCO

    (609) 226-4188

    3 in this area

    123 Total Sales

    Barb Kyle
    Section Image

  • F

    Buyer's Agent in 2022

    Francis Brady

    Fox Real Estate - Beachwatch

    (215) 801-7138

    8 in this area

    8 Total Sales

    Francis Brady
    Section Image
  • Robert Gullo

    Seller's Agent in 2018

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    163 in this area

    174 Total Sales

    Robert Gullo
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 565742

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C421

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 421, Ocean City, NJ

Not Listed for Sale

Condos

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.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes