NOT LISTED FOR SALE

870 E 7th St Unit 422 Ocean City, NJ 08226

Estimated Value: $229,000 - $321,000

-- Bed
1 Bath
-- Sq Ft
0.76 Acres

Last Sold June 14, 2019

Last sale price $110,000

Est. 140% increase in value since last sale

Current estimated payment $1,482/month

Highlights

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

About This Home

As of June 2019

Ocean 7 efficiency fully furnished and equipped including a step-saving kitchenette and fantastic rental history (over 21K for 2018). 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 & linens 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 & ELECTRIC!

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean Listed on: 06/09/2019

Last Buyer's Agent

Robert Gullo

Fox Real Estate-Ocean Listed on: 06/09/2019

Property Details

Home Type

  • Condominium

Lot Details

  • 0.76

Parking

  • 1 Parking Space

Interior Spaces

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

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating 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, 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

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • 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
  • Other Rooms: Breakfast Nook
  • Common Area Features: Elevator, Laundromat On Site, Outside Shower, Patio, Pool, Storage Facility

Garage/Parking

  • Parking Exterior: One Car

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

Lot Info

  • Location: Beach Block, Boardwalk Area

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2006
Sold by
Beaver Properties Llc
Bought by
Gauta Walt
Current Estimated Value
$263,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,565
Interest Rate
6.6%
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

Date Buyer Sale Price Title Company
Gauta Walt $182,700 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gauta Walt $173,565
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2019 06/14/19 Sold $110,000 -5.9% --
06/09/2019 06/09/19 Pending -- -- --
06/09/2019 06/09/19 For Sale $116,900 -- --
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 $1,128 $100,500 $46,500 $54,000
2024 $1,128 $100,500 $46,500 $54,000
2023 $1,076 $100,500 $46,500 $54,000
2022 $1,034 $100,500 $46,500 $54,000
2021 $1,252 $100,500 $46,500 $54,000
2020 $1,267 $129,500 $54,000 $75,500
2019 $1,252 $129,500 $54,000 $75,500
2018 $1,241 $129,500 $54,000 $75,500
2017 $1,221 $129,500 $54,000 $75,500
2016 $1,175 $129,500 $54,000 $75,500
2015 $1,159 $129,500 $54,000 $75,500
2014 $1,142 $129,500 $54,000 $75,500
Source: Public Records

Agents Affiliated with this Home

  • Robert Gullo

    Seller's Agent in 2019

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    170 in this area

    181 Total Sales

    Robert Gullo
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 523494

South Jersey Shore Regional MLS

APN: 08-00701-0000-00015-0000-C422

New Jersey Cape May County Ocean City 08226

870 E 7th St Unit 422, Ocean City, NJ

Not Listed for Sale

Condos

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