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$849,900   Price Analysis
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509 E 7th St
Ocean City, NJ 08202
4 bed 3 bath unknown SqFt ($0/SqFt)
1,750SqFt lot. Built 1920
Listed 2024-05-18, Taxes $3,732
Ⓧ USDA Ineligible
due to price & location

near Ocean City

Looking for a tremendous income generating property? Your own Jersey shore paradise? Look no further!

So many options with this gem, earn income with one unit and enjoy the other, use both for yourself or enjoy as is. Property zoning is R-MF which allows for single and multi-family dwellings. This propertys ideal location puts you a short walk from the heart of downtown Ocean City, it's top rated beaches and classic boardwalk. Location, location, location. Entering the first floor unit youll be greeted by the bright and airy living and dining areas with original hardwood floors. This unit offers 2 bedrooms and 2 full bathrooms. While downstairs youll notice a perfect blend of upgrades with charm throughout.

Some newly renovated areas include the en suite bathroom with a Carrera marble vanity as well as the kitchen which offers brand new granite counter tops, breakfast bar and new lighting. But for those who appreciate the classics, the riginal hardwood flooring and clawfoot soaking tub will be sure to catch your eye as well. Moving upstairs, youll be welcomed by a wraparound deck, a perfect place to enjoy a meal and the summer breeze after a long day on the beach. The recently renovated second floor features 2 large bedrooms and 1 bathroom. Youll notice the luxury vinyl wood plank flooring and kitchen upgrades such as stainless steel appliances and granite counters. Property also has a newer high end gas heating system, new instant hot water heater, enclosed outdoor shower and one off street parking area.


Presented by Jeff Quintin at
Keller Williams Realty Jersey Shore-Ocean City.
Listing Agent Photo

Property MLS #585336 from AtlanticCity

Bedrooms: 4

Dishwasher
Dryer
Gas Stove
Microwave
Refrigerator
Washer

Basement Features: Crawl Space

Furnished: Yes
Interior Amenities: Laundry/Utility Rm

Cooling Features: Window Units
Heating Features: Gas-Natural
Water Heaters: Gas

Full Bathrooms: 3

Outside Shower
Porch
Road Frontage Type: Street

Driveway: Concrete
Parking Features: One Car Exterior Parking

Lot Size Acres: 0.0401745
Lot Size Dimensions: 50x35
Lot Size Square Feet: 1750

Number of 2 Bedroom Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 1

Annual Tax Amount: 3885
Source Listing Status: Active
County: Cape May
Directions: This property is located between Central Ave and Wesley Ave. on 7th St.
Tax Year: 2023
Source Property Type: MULTI-FAMILY
Inclusions: Furnished
Area: Ocean City/Central
Source Neighborhood: Ocean City/Central
Zoning: RMF
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$129,800 + $232,900
$362,700
$3,732
2021$129,800 + $232,900
$362,700
$3,645
2020$129,800 + $232,900
$362,700
$3,547
2019$129,800 + $232,900
$362,700
$3,507
2018$129,800 + $232,900
$362,700
$3,474
2017$129,800 + $232,900
$362,700
$3,420
2016$129,800 + $232,900
$362,700
$3,289
2015$129,800 + $232,900
$362,700
$3,246
2014$129,800 + $232,900
$362,700
$3,199
2013$129,800 + $232,900
$362,700
$3,053
2012$129,800 + $283,000
$412,800
$3,232
2011$129,800 + $283,000
$412,800
$3,104
2009$129,800 + $283,000
$412,800
$2,914
2008$129,800 + $283,000
$412,800
$2,790
2007$55,200 + $164,600
$219,800
$2,198

Price Changed 2024-05-29
$849,900
AtlanticCity
Listed 2024-05-18
$869,900
AtlanticCity
Sold 2022-03-21
$300,000
Public Record
Sold 2016-07-07
$335,000
Public Record
Sold 2006-10-18
$300,000
Public Record

Year Built: 1920
Building Exterior Type: Concrete, Vinyl
Property Age: 104

Sewer: Public Sewer
Water Source: Public

Ocean City Primary School is a public elementary school located approximately 0.2 miles away.
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Ocean City High School is a public high school located approximately 0.2 miles away.
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Ocean City Intermediate School is a public elementary and middle school located approximately 1.3 miles away.
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St. Augustine Regional School is a private elementary and middle school located approximately 0.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.