NOT LISTED FOR SALE

1024 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $996,417 - $1,124,000

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

Last Sold November 30, 2020

Last sale price $664,000

Est. 58% increase in value since last sale

Current estimated payment $6,192/month

9 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • Great Room

About This Home

As of November 2020

This 3 year young 1st fl Condo is a Beauty. Unit features 4 Bedrooms and 2 Full Baths. Gas Heat...Central Air...Gas Log FirePlace...Hardwood Floors in Great Room and Hallway. Carpeting in Bedrooms. Granite countertops...Ceramic Tile in Bathrooms. All Stainless Steel Appliances. Three Private entrances to this unit. Extra Storage in downstairs Foyer area. Enclosed H/C Shower. Turn Key...Fully Furnished This unit has produced over 25k in Summer Rentals.

Last Agent to Sell the Property

Nick Marotta

BHHS FOX and ROACH-Simpson OC License #SP-8839669 Listed on: 10/10/2020

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

John Woolam

BHHS FOX and ROACH-109 34th OC License #0786471

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,297

Year Built

  • Built in 2017

Lot Details

  • 4,617

Home Design

  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener
  • Assigned Parking

Location

  • Ground Level Unit

Utilities

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

Community Details

Recreation

  • Community Boardwalk

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,297

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished, Rugs
  • Lvt Date: 10/10/2020
  • Year Built: 2017
  • Age: 2 To 5 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, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Bedroom 1: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: Main
  • Full Bathrooms: 2
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Main
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Dining Area, Great Room

Exterior Features

  • Siding Exterior: Concrete, Vinyl

Garage/Parking

  • Garage: One Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Two Car, Assigned

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

  • Management: Co-Owner

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Foyer, Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2020
Closed on
Nov 30, 2020
Sold by
Kodndok Shawn T and Kodadek Alioia M
Bought by
Mcgonagle Mary K
Seller's Agent
Nick Marotta
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
John Woolam
BHHS FOX and ROACH-109 34th OC
List Price
$649,000
Sold Price
$664,000
Premium/Discount to List
$15,000
2.31%
Current Estimated Value
$1,050,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,277
Avg. Annual Appreciation
11.18%
Original Mortgage
$510,400
Outstanding Balance
$460,358
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$632,350

Purchase Details

Closed on
Sep 16, 2004
Sold by
Piechoski Carol E
Bought by
Brasslett Steven and Meachon Chuck

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,250
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
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
Mcgonagle Mary K $664,000 None Available
Brasslett Steven $475,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgonagle Mary K $510,400
Previous Owner Kodadek Shawn T $398,400
Previous Owner Brasslett Steven $967,850
Previous Owner Brasslett Steven $800,000
Previous Owner Brasslett Steven $451,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $664,000 +2.3% --
10/19/2020 10/19/20 Pending -- -- --
10/10/2020 10/10/20 For Sale $649,000 -- --
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 $5,297 $472,100 $203,500 $268,600
2024 $5,297 $472,100 $203,500 $268,600
2023 $5,056 $472,100 $203,500 $268,600
2022 $4,858 $472,100 $203,500 $268,600
2021 $3,522 $472,100 $203,500 $268,600
2020 $4,617 $472,100 $203,500 $268,600
2019 $4,565 $472,100 $203,500 $268,600
2018 $4,523 $472,100 $203,500 $268,600
Source: Public Records

Agents Affiliated with this Home

  • Nick Marotta

    Seller's Agent in 2020

    Nick Marotta

    BHHS Fox & Roach

    (609) 412-0141

    20 in this area

    25 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    John Woolam

    BHHS Fox & Roach

    (609) 665-2031

    6 in this area

    8 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 543355

South Jersey Shore Regional MLS

APN: 08-01008-0000-00020-0000-C1

New Jersey Cape May County Ocean City 08226

1024 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 1024 Simpson Ave Unit 1, Ocean City, NJ 08226 since 10 October 2020 and is currently estimated at $1,055,354. This property was built in 2017. 1024 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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