17 days on rocket

870 E 7th St Unit 224, Ocean City, NJ, 08226

$275,000

Home List Price

$3,266*

Closing Credit

1 Full Bath
260 SqFt
$1,058/SqFt
Condo
Schools Nearby

Location

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870 E 7th St Unit 224, Ocean City$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOne Car
Year Built1972
HeatingForced Air
CoolingElectric, Wall Unit(s)
MLS #584339
StatusActive

About 870 E 7th St Unit 224

Location, location, location! This rarely offered King Studio unit in Ocean 7 Condominiums is conveniently located just steps from the boardwalk and beach at 7th Street. The unit sleeps two adults and two kids with one king bed plus a daybed with a trundle. Nice kitchenette with granite counter, glass cooktop, microwave, and fridge. One full bath. Sale includes all furniture and appliances making it an easy turnkey investment. Consistent rental history exceeding $30,000 per season. Ocean 7 has all the conveniences of hotel living, with on-site management, front desk check-in, linens, and maid service. Building amenities include a heated pool with sundeck, elevator, off-street parking for one vehicle, and a personal storage locker for your personal items. Condo fees include electric, water, sewer, flood & hazard insurance, common area maintenance, cable TV, and Wi-Fi! You just pay personal insurance and taxes. Ocean 7 is a seasonal building open from April to October. You can use the unit as your personal escape but if you decide to rent, all rentals must go through the front desk program.

Property Details

Property Features

Property Information:

  • Architectural Style: Converted Motel
  • Year Built: 1972
  • Living Area: 260 SqFt

Listing Office:

  • Office Name: Fox Real Estate - Beachwatch
  • Office Phone: (609) 398-5500

Interior Features

Interior Information:

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Interior: Elevator

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

  • Exterior: Deck/Porch, Elevator, Outside Shower, Patio, Pool, Storage

Parking Information:

  • Attached Garage: No
  • Parking: One Car

Utilities

Utilities Information:

  • Heating: Forced Air
  • 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: Atlantic Ave to East on 7th Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $1,058/SqFt

HOA Fees:

  • Amount: $284
  • 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

870 E 7th St Unit 224 vs Ocean City

17 DAYS ON ROCKET

-49 Days

$275,000

-$704K Less

$1,058/SqFt

+$369 More

KEY TAKEAWAY

This property is $704K less than the Median Sold Price and $369/SqFt more than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #584339

Listing Office:

  • Office Name: Fox Real Estate - Beachwatch
  • Office Phone: (609) 398-5500

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: 5/6/2024, 3:20:40 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

$1,724

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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-6946160
4
/10

  • Ocean City Intermediate School

  • 19th St And Bay Ave

  • 1.39 miles

  • Public District Grades 4-8

High School

school-card-donut-6946161
7
/10

  • Ocean City High School

  • 501 Atlantic Ave

  • 0.20 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 most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 870 E 7th St Unit 224

What is the listing price of this property?

The listing price of 870 E 7th St Unit 224 property is $275,000.

What type of property is this?

The property 870 E 7th St Unit 224 is a condo located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 870 E 7th St Unit 224 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 870 E 7th St Unit 224 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 870 E 7th St Unit 224 has 1 bathroom..

What is the square footage of this property?

The property 870 E 7th St Unit 224 is 260 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 870 E 7th St Unit 224 is 1972.

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›870 E 7th St Unit 224

This home is located at 870 E 7th St Unit 224 in Ocean City, NJ and zip code 08226. This 260 square foot home was built in 1972. Features: 1 bathroom. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $275,000.

While more than 5 listings in Ocean City, NJ in April 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 28 were sold below. The number of listings in Ocean City, NJ increased by 4.3% between March 2024 and April 2024. While the average time on the market in April 2024 was 66 days, the median list price was $979,000.

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

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