Welcome to Ocean 7, located steps from the Boardwalk and Beaches in OCNJ. This 1 Bedroom with 2 Queen Beds features an additional Sleeper Sofa to sleep 6. The unit also features a kitchenette with refrigerator, microwave, and cooktop. The Unit comes Fully Furnished and Equipped. The Ocean 7 is a Condominium Hotel that has a front desk and is professionally managed and rented nightly. There is an awesome Heated Pool and Sundeck. Association fees include water & sewer, hot water, flood & hazard insurance, common area maintenance, cable TV, Wi-Fi, & Electric. The building is open Seasonally from April through October. Gross Rental Revenue of $38,945 for 2023.
Sold for $315,000
$315,000
870 7th St #310, Ocean City, NJ 08226
1beds
--sqft
Condominium
Built in 1972
-- sqft lot
$318,000 Zestimate®
$--/sqft
$2,292 Estimated rent
Home value
$318,000
$289,000 - $350,000
$2,292/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Eric Booth,
Compass New Jersey-Ocean City (O463E)
Bought with:
RYAN HUCK, 9805618
Source: SJSRMLS,MLS#: 588465
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Dining Area
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Disposal, Electric Stove, Microwave, Refrigerator
Features
- Elevator
- Flooring: Hardwood
- Windows: Blinds, Curtains, Drapes
- Has fireplace: No
- Furnished: Yes
Property
Parking
- Total spaces: 1
- Parking features: None
Accessibility
- Accessibility features: Elevator
Features
- Levels: One
- Patio & porch: Deck/Porch, Patio
- Pool features: Community
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water,Water View
- Waterfront features: Beach Block, Boardwalk Area
Details
- Parcel number: 15-C310
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Patio, Pool
- Subdivision: Ocean 7
HOA
- Amenities included: Cable TV, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Patio, Pool
- Services included: Amenities, Cable TV, Electricity, Hot Water, Insurance, Maintenance, Management, Other Utilities, Pool, Sewer, Trash, Water
Location
- Region: Ocean City
Financial & listing details
- Tax assessed value: $131,100
- Annual tax amount: $1,404
- Date on market: 8/27/2024
- Date available: 08/27/2024
- Inclusions: Blinds, Curtains, Drapes, Furnished, Rugs
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2024 | Sold | $315,000-1.5% |
Source:  SJSRMLS #588465 Report a problem | ||
| 9/30/2024 | Pending sale | $319,900 |
Source: SJSRMLS #588465 Report a problem | ||
| 8/27/2024 | Price change | $319,900-5.9% |
Source: SJSRMLS #588465 Report a problem | ||
| 8/1/2024 | Price change | $339,900-2.9% |
Source: SJSRMLS #583904 Report a problem | ||
| 4/6/2024 | Listed for sale | $350,000+1219.8% |
Source: SJSRMLS #583904 Report a problem | ||
| 2/22/2023 | Sold | $26,520-81.1% |
Source: Public Record Report a problem | ||
| 9/6/2019 | Sold | $140,000 |
Source: SJSRMLS #517158 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,471 | $131,100 |
| 2024 | $1,471 +4.8% | $131,100 |
| 2023 | $1,404 +6.6% | $131,100 |
| 2022 | $1,318 +2.8% | $131,100 |
| 2021 | $1,282 +1.1% | $131,100 |
| 2020 | $1,268 +0.9% | $131,100 |
| 2019 | $1,256 | $131,100 |
| 2018 | $1,256 -24.6% | $131,100 -28.6% |
| 2017 | $1,666 +1.3% | $183,700 |
| 2016 | $1,644 +1.5% | $183,700 |
| 2015 | $1,620 +4.8% | $183,700 |
| 2014 | $1,547 -22.3% | $183,700 |
| 2012 | $1,991 +2.6% | $183,700 -30.6% |
| 2011 | $1,940 +3.8% | $264,700 |
| 2010 | $1,869 +4.4% | $264,700 |
| 2009 | $1,789 +15.4% | $264,700 |
| 2008 | $1,551 +65.3% | $264,700 +70.7% |
| 2007 | $938 | $155,100 |
Find assessor info on the county website
Neighborhood: 08226
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Nearby schools
GreatSchools rating
- 7/10Ocean City Primary SchoolGrades: PK-3Distance: 0.5 mi
- 6/10Ocean City Intermediate SchoolGrades: 4-8Distance: 1.4 mi
- 8/10Ocean City High SchoolGrades: 9-12Distance: 0.2 mi
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Estimated market value
$318,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$318,000
- New Jersey
- Cape May County
- Ocean City
- 08226
- 870 7th St Unit 310
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