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870 E 7th St Unit 408, Ocean City, NJ, 08226

$369,000

Home List Price

$4,382*

Closing Credit

1 Bedroom
1 Full Bath
447 SqFt
$826/SqFt
Condo
Schools Nearby

Location

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870 E 7th St Unit 408, Ocean City$369,000

Buyer Closing Credits

$4,382*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOne Car
Year Built1972
HeatingElectric
CoolingCentral Air
ViewWater
MLS #583097
StatusActive

About 870 E 7th St Unit 408

Ocean 7 Condominiums! Fully renovated with a proven track record of excellent rental income. Incredible 2023 gross income was $42,368.00. This double queen one bedroom with new queen sleeper sofa in living room sleeps six. Separate full bathroom, porcelain wood plank tile flooring throughout, refreshed cabinets, unique blue pearl granite countertop, tiled back-splash, custom herringbone tiled kitchen wall, glass stove top, GE compact microwave and best of all a full size stainless steel refrigerator. Bathroom upgrades include relocating the vanity into the bathroom (one of only five units in the building with this feature), newer faucets, LED circle mirror, beautiful tiled wall, ventilation fan and overhead lighting. Decorated to the nines with beautiful furnishings, custom art work and beach decor all included. 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, Wi-Fi, & ELECTRIC! Located just a stones throw to the famous Ocean City beach & boardwalk. Ocean 7 is a seasonal building open from early April through late October. See Agent remarks.

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Living Area: 447 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:

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

Parking Information:

  • Attached Garage: No
  • Parking: One Car

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

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: 7th Street at the boardwalk.

Price Information

Listing Price Info

Price Summary:

  • List Price: $369,000
  • Price Per SqFt: $826/SqFt

HOA Fees:

  • Amount: $488
  • 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

$969.1K

Med. Price/SqFt

$682

Avg. Days On Market

56

# of Sold Homes

43

870 E 7th St Unit 408 vs Ocean City

49 DAYS ON ROCKET

-7 Days

$369,000

-$600.1K Less

$826/SqFt

+$143 More

KEY TAKEAWAY

This property is $600.1K less than the Median Sold Price and $143/SqFt more than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #583097

Listing Office:

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

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: 5/1/2024, 5:25:22 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

$2,397

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,173

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-4292840
4
/10

  • Ocean City Intermediate School

  • 19th St And Bay Ave

  • 1.39 miles

  • Public District Grades 4-8

High School

school-card-donut-4292841
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. Most Ocean City, NJ residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 870 E 7th St Unit 408

What is the listing price of this property?

The listing price of 870 E 7th St Unit 408 property is $369,000.

What type of property is this?

The property 870 E 7th St Unit 408 is a condo located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 870 E 7th St Unit 408 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 408 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 408 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 870 E 7th St Unit 408 is 447 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 870 E 7th St Unit 408 is 1972.

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›870 E 7th St Unit 408

This home is located at 870 E 7th St Unit 408 in Ocean City, NJ and zip code 08226. This 447 square foot home was built in 1972. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $369,000.

Over 8 listings were sold over their listed price in March 2024 in Ocean City, NJ. In the same period over 23 listings were sold below the listed price and 5 listings were sold for the listed price. Between February 2024 and March 2024, Ocean City, NJ real estate market has seen increase in the number of listings by 11%. Listings spent 56 days on the market in March 2024, and had a median list price of $969,125 during the same period.

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

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