3 months on rocket

509 E 7th St, Ocean City, NJ, 08226

$949,999

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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509 E 7th St, Ocean City$949,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOne Car
Year Built1920
HeatingNatural Gas
CoolingWindow Unit(s)
MLS #581845
StatusActive

About 509 E 7th St

Looking for an income generating property? Personal paradise? Look no further! So many options with this gem, earn income with one unit and enjoy the other, use both for yourself, renovate or enjoy as is! Property zoning is R-MF which allows for single and multi-family dwellings. This property’s ideal location puts you a short walk from the heart of Asbury Ave, beaches and boardwalk. Location, location, location. Entering the first floor unit you’ll be greeted by the bright and airy living and dining areas with original hardwood floors. This unit offers 2 bedrooms and 2 full bathrooms. While downstairs you’ll notice a perfect blend of upgrades with charm throughout. Some newly renovated areas include the ensuite bathroom with a carrera marble vanity as well as the kitchen which offers a brand new granite counter tops and breakfast bar and new lighting. But for those who appreciate the classics, the original hardwood flooring and clawfoot soaking tub will be sure to catch your eye as well. Moving upstairs, you’ll be welcomed by a wraparound deck, a perfect place to enjoy a meal and the summer breeze after a long day on the beach. The second floor unit which was recently renovated features 2 large bedrooms and 1 bathroom. You’ll notice the luxury vinyl wood plank flooring, and kitchen upgrades such as stainless steel appliances and granite counters. Property also has newer high end gas heating system, new instant hot water heater, enclosed outdoor shower and one off street parking area. A one year home warranty is included. Current owner is licensed NJ Realtor.

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: eXp Realty - Montclair
  • Office Phone: (866) 201-6210

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Oven, Microwave, Refrigerator, Washer
  • Basement: No

Exterior Features

Exterior Information:

  • Exterior: Outside Shower, Porch

Parking Information:

  • Attached Garage: No
  • Parking: One Car

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Ocean City High School, Public District Grades 9-12
  • Ocean City Intermediate School, Public District Grades 4-8

Other

Directions Information:

  • Directions: From 9th St bridge, left on Central Ave, right on 7th St, house is on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $949,999

Tax Information:

  • Annual Amount: $2,706
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ocean City, NJ.

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Ocean City, NJ

City

Med. Sold Price

$979K

Med. Price/SqFt

$688

Avg. Days On Market

66

# of Sold Homes

49

509 E 7th St vs Ocean City

91 DAYS ON ROCKET

+25 Days

$949,999

-$29K Less

KEY TAKEAWAY

This property is $29K less than the Median Sold Price in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #581845

Listing Office:

  • Office Name: eXp Realty - Montclair
  • Office Phone: (866) 201-6210

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 9:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 07, 2016Home Sold
$335,000
Oct 18, 2006Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,706$362,700
2019$3,474$362,700
2018$3,475$362,700
2017$3,420$362,700

History based on county public records data.

Payment Calculator

$4,809

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,915

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6192137
4
/10

  • Ocean City Intermediate School

  • 19th St And Bay Ave

  • 1.31 miles

  • Public District Grades 4-8

High School

school-card-donut-6192138
7
/10

  • Ocean City High School

  • 501 Atlantic Ave

  • 0.24 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,423. The most common annual income of people living in Ocean City, NJ is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›509 E 7th St

This home is located at 509 E 7th St in Ocean City, NJ and zip code 08226. This home was built in 1920. It has been listed on Rocket Homes since February 04, 2024 and is currently priced at $949,999.

Ocean City, NJ housing market in April 2024 saw over 5 listings sold above listed price, more than 6 sold at listed price and over 28 sold below. In April 2024 in Ocean City, NJ there were 4.3% more homes for sale than in March 2024. In April 2024, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $979,000.

From Rocket Homes Real Estate and based on county public records data.

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