3 months on rocket

1305-07 Bay Ave, Ocean City, NJ, 08226

$1,349,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1305-07 Bay Ave, Ocean City$1,349,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOne and Half Car
Garage2 spaces
HeatingElectric, Forced Air
CoolingCeiling Fan(s), Wall Unit(s)
MLS #588781
StatusActive

About 1305-07 Bay Ave

WOW! Updated, multi-unit investment property with (2) - 2 bedroom, 1 bath units and a large two car detached garage. Updates include new kitchens featuring shaker cabinets, quartz countertops, and stainless steel appliances, new air conditioning, newer roof, refinished hardwood floors, new fiberglass decks, vinyl railings, and exterior steps. Sitting on a larger 35x115 lot this property also has a great backyard perfect for hanging out after a long day on the beach! Located in the center/bay area of OCNJ this property is an easy walk to downtown Asbury and Ocean City’s famous beach and boardwalk. Whether you want to keep one unit for yourself and generate income renting out the other unit, rent both units for a maximum return on your investment, or keep both units for personal use, this property has a TON of options and potential. Don’t miss your opportunity to own this unique income producing property.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty Jersey Shore-Ocean City
  • Office Phone: (609) 399-5454

Interior Features

Interior Information:

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Basement: No

Exterior Features

Exterior Information:

  • Exterior: Outside Shower, Porch, Shed, Sidewalks, Sprinkler System

Parking Information:

  • Garage Space: 2 spaces
  • Parking: One and Half Car

Virtual/3D Tour

  • Virtual Tour: 1305-07 Bay Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot: Sidewalk, Sprinklers

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Ceiling Fan(s), Wall Unit(s)

Other

Directions Information:

  • Directions: 9th Street bridge, right on bay ave, home is on the left side after crossing 13th street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,349,000
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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

$915.8K

Med. Price/SqFt

$692

Avg. Days On Market

74

# of Sold Homes

33

1305-07 Bay Ave vs Ocean City

102 DAYS ON ROCKET

+28 Days

$1,349,000

+$433.2K More

KEY TAKEAWAY

This property is $433.2K more than the Median Sold Price in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #588781

Listing Office:

  • Office Name: Keller Williams Realty Jersey Shore-Ocean City
  • Office Phone: (609) 399-5454

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: 12/18/2024, 9:21:05 AM 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

$6,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,111

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.

Nearby Schools

school-card-donut-4477104
5
/10

  • Upper Township Elementary School

  • 50 N Old Tuckahoe Rd

  • 3.09 miles

  • Public District Grades 3-5

school-card-donut-4477105
5
/10

  • Ocean City Primary School

  • 550 West Ave

  • 5.42 miles

  • Public District Grades PK-3

school-card-donut-4477106
2
/10

  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 7.37 miles

  • Public District Grades KG-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,000. The most common annual income of people living in Ocean City, NJ is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›1305-07 Bay Ave

This home is located at 1305-07 Bay Ave in Ocean City, NJ and zip code 08226. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $1,349,000.

While more than 5 listings in Ocean City, NJ in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 20 were sold below. The inventory of homes for sale in Ocean City, NJ between October 2024 and November 2024 decreased by 9.3%. Listings spent 74 days on the market in November 2024, and had a median list price of $915,800 during the same period.

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

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