14 days on rocket

840 Ocean Ave Unit 14, Ocean City, NJ, 08226

$179,900

Home List Price

$2,136*

Closing Credit

1 Bedroom
1 Full Bath
222 SqFt
$810/SqFt
Condo
Schools Nearby

Location

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840 Ocean Ave Unit 14, Ocean City$179,900

Buyer Closing Credits

$2,136*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingSee Remarks
Garage1 space
Year BuiltNew Const.
HeatingBaseboard, Electric
CoolingElectric, Wall Unit(s)
MLS #585326
StatusActive

About 840 Ocean Ave Unit 14

Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled thruout for maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo/motel ownership in '04. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (14 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w/minimal annual fee), bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($500/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests. Note: Portfolio "Condo-Tel" financing currently available with 25-30% down. 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). After all expenses, nets about $8-$9,000 without a mortgage. Typically a 5-6% return.

Property Details

Property Features

Property Information:

  • Architectural Style: Converted Motel
  • Stories: 2
  • Living Area: 222 SqFt

Listing Office:

  • Office Name: Fox Real Estate-Ocean
  • Office Phone: (609) 399-5377

Interior Features

Interior Information:

  • Appliances: Electric Stove, Microwave, Refrigerator

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Deck/Porch, Outside Shower, Pool

Parking Information:

  • Garage Space: 1 space
  • Parking: See Remarks

Utilities

Utilities Information:

  • Heating: Baseboard, Electric
  • Cooling: Electric, Wall 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: Corner of 9th & Ocean Avenue. "The Sifting Sands Condo Motel"

Price Information

Listing Price Info

Price Summary:

  • List Price: $179,900
  • Price Per SqFt: $810/SqFt

HOA Fees:

  • Amount: $350
  • Frequency: Monthly
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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

840 Ocean Ave Unit 14 vs Ocean City

14 DAYS ON ROCKET

-52 Days

$179,900

-$799.1K Less

$810/SqFt

+$121 More

KEY TAKEAWAY

This property is $799.1K less than the Median Sold Price and $121/SqFt more than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #585326

Listing Office:

  • Office Name: Fox Real Estate-Ocean
  • Office Phone: (609) 399-5377

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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: 6/1/2024, 7:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$606

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-6606510
4
/10

  • Ocean City Intermediate School

  • 19th St And Bay Ave

  • 1.13 miles

  • Public District Grades 4-8

High School

school-card-donut-6606511
7
/10

  • Ocean City High School

  • 501 Atlantic Ave

  • 0.38 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. Residents of Ocean City, NJ typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 840 Ocean Ave Unit 14

What is the listing price of this property?

The listing price of 840 Ocean Ave Unit 14 property is $179,900.

What type of property is this?

The property 840 Ocean Ave Unit 14 is a condo located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 840 Ocean Ave Unit 14 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 840 Ocean Ave Unit 14 are:
Ocean City Intermediate School: GreatSchools Rating 4/10
Ocean City High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 840 Ocean Ave Unit 14 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 840 Ocean Ave Unit 14 is 222 SqFt (source: MLS/tax record).

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›840 Ocean Ave Unit 14

This home is located at 840 Ocean Ave Unit 14 in Ocean City, NJ and zip code 08226. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $179,900.

Over 5 listings were sold over their listed price in April 2024 in Ocean City, NJ. In the same period over 28 listings were sold below the listed price and 6 listings were sold for the listed price. Between March 2024 and April 2024, Ocean City, NJ real estate market has seen increase in the number of listings by 4.3%. Listings spent 66 days on the market in April 2024, and had a median list price of $979,000 during the same period.

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

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