2 months on rocket

7 Mercer Pl, Ocean City, NJ, 08226

$390,000

Home List Price

$4,631*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,000 SqFt
$390/SqFt
House

Location

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7 Mercer Pl, Ocean City$390,000

Buyer Closing Credits

$4,631*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingSee Remarks
HeatingForced Air, Natural Gas
CoolingElectric
MLS #588981
StatusActive

About 7 Mercer Pl

Check out this two-story townhouse featuring 2 bedrooms and 1.5 bathes located off of Bay Avenue. It's walking/biking distance to the shops on Asbury Ave. This property has no HOA fees! More pictures to follow.

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Living Area: 1,000 SqFt

Listing Office:

  • Office Name: TI Realty Group
  • Office Phone: (609) 263-1912

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Stove, Microwave, Refrigerator, Washer

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: See Remarks

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Electric

Other

Directions Information:

  • Directions: Off of Bay Avenue. In between 6th and 7th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $390,000
  • Price Per SqFt: $390/SqFt

Tax Information:

  • Annual Amount: $799
  • Tax Year: 2020
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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

$888.1K

Med. Price/SqFt

$689

Avg. Days On Market

36

# of Sold Homes

62

7 Mercer Pl vs Ocean City

71 DAYS ON ROCKET

+35 Days

$390,000

-$498.1K Less

$390/SqFt

-$299 Less

KEY TAKEAWAY

This property is $498.1K less than the Median Sold Price and $299/SqFt less than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #588981

Listing Office:

  • Office Name: TI Realty Group
  • Office Phone: (609) 263-1912

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: 11/21/2024, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 31, 2018Home Sold
$157,000

Tax History

YEARPROP. TAXASSESSMENT
2020$799$107,100
2019$1,026$107,100
2018$1,026$107,100
2017$1,010$107,100

History based on county public records data.

Payment Calculator

$2,014

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,236

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-332360
5
/10

  • Ocean City Primary School

  • 550 West Ave

  • 0.22 miles

  • Public District Grades PK-3

school-card-donut-332361
2
/10

  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 2.88 miles

  • Public District Grades KG-3

school-card-donut-332362
6
/10

  • Seaview Elementary School

  • 2013 Wabash Ave

  • 3.54 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,158. Most Ocean City, NJ residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7 Mercer Pl

What is the listing price of this property?

The listing price of 7 Mercer Pl property is $390,000.

What type of property is this?

The property 7 Mercer Pl is a house located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 7 Mercer Pl is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $799 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 31, 2018 for $157,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7 Mercer Pl has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 7 Mercer Pl is 1,000 SqFt (source: MLS/tax record).

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›7 Mercer Pl

This home is located at 7 Mercer Pl in Ocean City, NJ and zip code 08226. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $390,000.

In October 2024 more than 12 listings in Ocean City, NJ were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 31 were sold below. Between September 2024 and October 2024, Ocean City, NJ real estate market has seen increase in the number of listings by 6.2%. The median list price of listings available in October 2024 was $888,150, while the average time on the real estate market was 36 days.

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

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