NOT LISTED FOR SALE

1020 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,026,000 - $1,130,000

4 Beds
2.5 Baths
-- Sq Ft
4,617 Sq Ft Lot

Last Sold January 02, 2019

Last sale price $495,000

Est. 112% increase in value since last sale

Current estimated payment $6,208/month

204 Days on Market

Highlights

  • Wood Flooring
  • Furnished
  • 1 Car Attached Garage
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Forced Air Heating and Cooling System

About This Home

As of January 2019

Never Rented 1st fl,12 years young 4 bedroom 2 1/2 bath 40x115 lot. Property located in great location just off downtown and near all the action and excitement Ocean City has to offer. Property offers hardwood floors, granite counter tops, SS appliances, tile back splash, Upgraded cabinets, Xtra large great room, Covered front deck, Nice sized bedrooms, Huge Master W/ double closets, Nice sized back deck, No maintenance exterior, Locking private storage, Xtra large garage, Property is being sold fully furnished ( move in ready ). Property priced to sell. Property includes Home Warranty at closing.

Last Agent to Sell the Property

Joseph Babcock

BHHS FOX and ROACH-Simpson OC License #0902200 Listed on: 04/22/2018

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

JENNIFER BONGIOVANNI

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St License #1539346

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,551

Lot Details

  • 4,617

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Fenced
  • Ground Level Unit

Community Details

Overview

  • Simpson Ave Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,551

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Furnished
  • Lvt Date: 04/23/2018
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Common Area Features: Fenced Yard

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car, Attached Garage, Auto Door Opener
  • Parking Exterior: One And Half Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Condo Name: Simpson Ave
  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2006
Sold by
Meachon Charles and Brasslett Steven
Bought by
Spross Richard and Spross Karen
Current Estimated Value
$1,049,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
5.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Spross Richard $550,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Begnaud Amy $421,115
Closed Ross Anthony R $396,000
Closed Spross Richard $331,000
Closed Spross Richard $378,000
Closed Spross Richard $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2019 01/02/19 Sold $495,000 -1.0% --
11/12/2018 11/12/18 Pending -- -- --
10/04/2018 10/04/18 Price Changed $499,999 -1.8% --
08/14/2018 08/14/18 Price Changed $509,000 -1.9% --
07/20/2018 07/20/18 Price Changed $519,000 -1.0% --
07/19/2018 07/19/18 Price Changed $524,000 -0.9% --
04/22/2018 04/22/18 For Sale $529,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,551 $494,700 $183,200 $311,500
2024 $5,551 $494,700 $183,200 $311,500
2023 $5,298 $494,700 $183,200 $311,500
2022 $5,090 $494,700 $183,200 $311,500
2021 $3,690 $494,700 $183,200 $311,500
2020 $4,838 $494,700 $183,200 $311,500
2019 $4,784 $494,700 $183,200 $311,500
2018 $4,739 $494,700 $183,200 $311,500
2017 $4,665 $494,700 $183,200 $311,500
2016 $4,487 $494,700 $183,200 $311,500
2015 $4,428 $494,700 $183,200 $311,500
2014 $4,363 $494,700 $183,200 $311,500
Source: Public Records

Agents Affiliated with this Home

  • Joseph Babcock

    Seller's Agent in 2019

    Joseph Babcock

    BHHS Fox & Roach

    (609) 513-2519

    34 in this area

    37 Total Sales

    Section Image
  • JENNIFER BONGIOVANNI

    Buyer's Agent in 2019

    JENNIFER BONGIOVANNI

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    (609) 442-2273

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 504278

South Jersey Shore Regional MLS

APN: 08-01008-0000-00019-0000-C1

New Jersey Cape May County Ocean City 08226

1020 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 1020 Simpson Ave Unit 1, Ocean City, NJ 08226 since 22 April 2018 and is currently estimated at $1,073,202. 1020 Simpson Ave Unit 1 is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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