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701 Ocean Ave, Ocean City, NJ, 08226

$1,995,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Full Baths, 1 Partial
House

Location

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701 Ocean Ave, Ocean City$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingParking Pad
Attached Garage1 space
HeatingBaseboard, Natural Gas, Hot Water
CoolingCeiling Fan(s), Central Air
BasementYes
WaterfrontSee Remarks
ViewSee Remarks
MLS #590879
StatusActive

About 701 Ocean Ave

Amazing 3-story Single Family Home in the Historic District of Ocean City. This LARGE Estate is located on a CORNER lot and is close to all of the best attractions. The beautifully updated property offers 8 Bedrooms, 8 Bathrooms including a private ground level guest suite complete with living area, full bathroom and bedroom. The wrap around porch, updated with Trex decking, is a great space to relax and enjoy summer breezes. As you enter into the foyer, you immediately see the charming details including beautiful hardwood floors, stained glass windows and a grand staircase. The main level features open living room, dining room and kitchen, mudroom with access to a side porch and half bathroom. The beautiful kitchen has been updated with stainless steel appliances, stone countertops and custom cabinetry. The 2nd and 3rd floors encompass the bedrooms and bathrooms, the primary bedroom with en suite bathroom and sitting area. Additional features include: basement with laundry room and storage, covered patio on ground level, enclosed outside shower, parking pad and so much more. This is a lovely Home with easy access to the Beach, Boardwalk and Downtown shopping and restaurants.

Property Details

Property Features

Property Information:

  • Architectural Style: 3 Story
  • Stories: 3

Listing Office:

  • Office Name: BHHS FOX and ROACH-109 34th OC
  • Office Phone: (609) 399-8200

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Tile
  • Interior: Storage, Smoke/Fire Alarm

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 8
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: See Remarks
  • View: See Remarks
  • Exterior: Curbs, Deck, Patio, Porch, Sidewalks, Enclosed Outside Shower

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Parking Pad

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: Ocean Avenue North to 7th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000

Tax Information:

  • Annual Amount: $4,024
  • 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

701 Ocean Ave vs Ocean City

1 DAY ON ROCKET

-35 Days

$1,995,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M 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: #590879

Listing Office:

  • Office Name: BHHS FOX and ROACH-109 34th OC
  • Office Phone: (609) 399-8200

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: 11/17/2024, 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

May 19, 2015Home Sold
$521,000
Sep 22, 2004Home Sold
$155,000
Sep 21, 2004Home Sold
$115,000
Sep 21, 2004Home Sold
$150,000
Aug 20, 2004Home Sold
$115,000
Aug 06, 2004Home Sold
$155,000
Jul 22, 2004Home Sold
$115,000
Jul 07, 2004Home Sold
$155,000
Jul 06, 2004Home Sold
$160,000
Jul 02, 2004Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,024$539,400
2019$5,167$539,400
2018$5,167$539,400
2017$5,087$539,400

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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-483504
5
/10

  • Ocean City Primary School

  • 550 West Ave

  • 0.32 miles

  • Public District Grades PK-3

school-card-donut-483505
2
/10

  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 3.28 miles

  • Public District Grades KG-3

school-card-donut-483506
6
/10

  • Seaview Elementary School

  • 2013 Wabash Ave

  • 3.92 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 $49,423. Typical income of Ocean City, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 701 Ocean Ave

What is the listing price of this property?

The listing price of 701 Ocean Ave property is $1,995,000.

What type of property is this?

The property 701 Ocean Ave is a house located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 701 Ocean Ave 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 $4,024 (source: MLS/based on county public records data).

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

The last sale was on May 19, 2015 for $521,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 701 Ocean Ave has 8 bedrooms and 8 full and 1 half bathrooms.

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›701 Ocean Ave

This home is located at 701 Ocean Ave in Ocean City, NJ and zip code 08226. Features: 8 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since November 17, 2024 and is currently priced at $1,995,000.

In October 2024, from all listings sold in Ocean City, NJ there were more than 12 sold above asking price, over 31 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Ocean City, NJ increased by 6.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 36 days, the median list price was $888,150.

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

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