870 East 7th Street, Unit 408

Ocean City, NJ 08226

$369,000
Price
1
Beds
1
Bath
447 Sq. Ft.
$826 / Sq. Ft.
447
Sq. Ft.
$826
per Sq. Ft.

Description

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....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.
  1. Listed by ROBERT GULLO • Fox Real Estate-Ocean

Property Details for 870 East 7th Street, Unit 408

City/Community
Ocean City
Class
CONDOMINIUM
Parking - Exterior
One Car
Waterfront (Y/N)
No

Location

Listing Courtesy of Fox Real Estate-Ocean
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LISTING UPDATED: 03/14/2024 02:39 PM

Property Details for 870 East 7th Street, Unit 408

StatusActive
MLS #583097
Days on Market50
Taxes$1,458 / year
HOA Fees$488
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCONDOMINIUM / Condo
Year Built1972
CountyCape May County

Location

Listing Courtesy of Fox Real Estate-Ocean
Add your commute

Building Information for 870 East 7th Street, Unit 408

Building/ComplexOcean 7Floor-Stories3Residences-Pet Policy-Year Built1972

Payment Calculator

$2,623 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,014

Property Taxes

$122

HOA Dues

$488

The Payment Calculator is for illustrative purposes only.

Property Information for 870 East 7th Street, Unit 408

Summary
Location and General Information
  • Address: 870 E 7th Street
  • Address Direction: E
  • Address Number: 870
  • Address Search Number: 870
  • Address Street: 7th
  • Area: Ocean City/Northend
  • Condo Name: Ocean 7
  • County: Cape May
  • Directions: 7th Street at the boardwalk.
  • Fips Code: 34009
  • Location: Boardwalk Area
  • State: NJ
  • Street Designation: Street
  • Unit #: 408
  • Unit Location: Top Floor, Water View
  • Zip: 08226
Parking
  • Garage: None
Taxes and HOA Information
  • Assoc Fee Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water, Other Utilities, Hot Water, Air Conditioning, Heat, Cable, Pool
  • LVT Date: 03-13-2024
  • Management: On-Site Professionals
  • Monthly Assoc Fees: $488
  • Tax Year: 2023
  • Taxes: 1458
Property
Lot Information
  • Approved Short Sale?: N/A
  • Approx SQFT: 447
  • Block #: 701
  • Lot #: 15-C408
Property and Assessments
  • # of Levels in Unit: One
  • # of Stories in Bldg: Three to Five
  • Also Includes: Blinds, Curtains, Furnished
  • Associated Document Count: 1
  • Common Area Features: Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Patio, Storage Facility
  • Doc Timestamp: 03-13-2024
  • Improved Value: $78,700
  • Land Value: $57,400
  • New Construction: No
  • Total Assessment: 136100
  • Water: Public Water
  • Year Built: 1972
  • Adult Community/55+: No
Utilities
  • Full Baths: 1
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Siding/Exterior: Masonry/Block
Interior Features
  • Air Conditioning: Central
  • Appliances: Electric Stove, Microwave, Refrigerator
  • Bedrooms: 1
  • Half Baths: 0
  • Heating: Electric
  • Other Rooms: Dining Area
  • Rooms: 3
Multi Family
Multi-Family Information
  • Limited Service (Y/N): No
Rental
Rental Information
  • Pets: No pets allowed

Property History for 870 East 7th Street, Unit 408

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 870 East 7th Street, Unit 408

Taxable ValueLand$57,400Additions$78,700Total$136,100
Tax Record2022$1,400 ($117 / month)
Home Facts
Beds0Total Finished SqFt447 SqFtAbove Grade Finished SqFt447 SqFtStories1Lot Size33,201 SqFtStyleCondominiumYear Built1972CountyCAPE MAYAPN08 00701-0000-00015-0000-C408

Schools near 870 East 7th Street, Unit 408

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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870 East 7th Street, Unit 408 is a condo for sale in Ocean City, NJ 08226. This property was listed for sale on March 13, 2024 by Fox Real Estate-Ocean, it's currently listed at $369,000. It has been on the market for a total of 50 days and was last sold on May 31, 2017. This listing's school district is Ocean City School District. Nearby schools include Ocean City Primary School, Ocean City Intermediate School and Ocean City High School. 870 East 7th Street, Unit 408 is a 1-bed, 1-bath, 447 sqft condo built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fox Real Estate-Ocean

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.