17 days on rocket

870 7th St Unit 420, Ocean City, NJ, 08226

$319,500

Home List Price

$3,794*

Closing Credit

1 Bedroom
1 Full Bath
258 SqFt
$1,238/SqFt
Condo

Location

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870 7th St Unit 420, Ocean City$319,500

Buyer Closing Credits

$3,794*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOne Car
Year Built1972
HeatingElectric
CoolingWall Unit(s)
ViewPool, Water
MLS #590441
StatusActive

About 870 7th St Unit 420

Rarely offered fourth floor ocean facing unit at Ocean 7. This End unit has breath taking views. One of the best investment properties in town. Ocean 7 unit 420 is a fully furnished studio unit with bedroom , bath, and kitchenette. Excellent rental history grossing $35,000 this season. Located at the foot of the boardwalk at 7th street features include off street parking , elevator, owner storage and heated pool. This family friendly Condo-Tel is nonsmoking and pet free. Excellent on-site management company which markets the building, handles rentals, linens and maid service. Condo fees cover management, flood insurance, cable TV, Wi-Fi, trash and all utilities. Make it your vacation getaway or join the management run rental program.

Property Details

Property Features

Property Information:

  • Architectural Style: Converted Motel
  • Year Built: 1972
  • Living Area: 258 SqFt

Listing Office:

  • Office Name: Fox Real Estate - Beachwatch
  • Office Phone: (609) 398-5500

Interior Features

Interior Information:

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Flooring Type: Carpet
  • Interior: Wall to Wall Carpet

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Pool, Water
  • Exterior: Deck/Porch, Elevator, Outside Shower, Patio, Pool, Storage

Parking Information:

  • Attached Garage: No
  • Parking: One Car

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: Atlantic Ave to East on 7th St to 870 7th.

Price Information

Listing Price Info

Price Summary:

  • List Price: $319,500
  • Price Per SqFt: $1,238/SqFt

HOA Fees:

  • Amount: $285
  • Frequency: Monthly
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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

870 7th St Unit 420 vs Ocean City

17 DAYS ON ROCKET

-19 Days

$319,500

-$568.6K Less

$1,238/SqFt

+$549 More

KEY TAKEAWAY

This property is $568.6K less than the Median Sold Price and $549/SqFt more than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #590441

Listing Office:

  • Office Name: Fox Real Estate - Beachwatch
  • Office Phone: (609) 398-5500

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, 6:20:52 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

$1,947

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,024

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-382811
5
/10

  • Ocean City Primary School

  • 550 West Ave

  • 0.50 miles

  • Public District Grades PK-3

school-card-donut-382812
2
/10

  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 3.46 miles

  • Public District Grades KG-3

school-card-donut-382813
6
/10

  • Seaview Elementary School

  • 2013 Wabash Ave

  • 4.09 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. Most Ocean City, NJ residents have annual incomes 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

Frequently Asked Questions About 870 7th St Unit 420

What is the listing price of this property?

The listing price of 870 7th St Unit 420 property is $319,500.

What type of property is this?

The property 870 7th St Unit 420 is a condo located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 870 7th St Unit 420 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 870 7th St Unit 420 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 870 7th St Unit 420 is 258 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 870 7th St Unit 420 is 1972.

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›870 7th St Unit 420

This home is located at 870 7th St Unit 420 in Ocean City, NJ and zip code 08226. This 258 square foot home was built in 1972. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $319,500.

Over 12 listings were sold over their listed price in October 2024 in Ocean City, NJ. In the same period over 31 listings were sold below the listed price and 7 listings were sold for the listed price. The inventory of homes for sale in Ocean City, NJ between September 2024 and October 2024 increased 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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