NOT LISTED FOR SALE

1116 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $983,000 - $1,122,000

4 Beds
3 Baths
1,498 Sq Ft
$684/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $655,000 $437 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,822/month

About This Home

As of February 2021

Beautiful First floor condominium in the center of town on a quiet street with plenty of space. This unit has been meticulously cared and the pride of ownership shows. Gorgeous hardwood floors in the extra large great room leading to the kitchen with granite counter tops and all new stainless steel appliances. All four of the bedrooms are larger than usual, thanks to the 40x115 lot, and all nicely furnished. A great wrap around front deck and a rear deck as well. Private garage and storage on the lowest level with a tiled breezeway,a new HVAC system, newer hot water heater and plenty of parking out back. This winner will not last long...come check it out!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Feb 19, 2021
Sold by
English Carla and English William F
Bought by
Ayres Kevin J and Ayres Terry B
Seller's Agent
Kevin Mcgonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
List Price
$729,000
Sold Price
$655,000
Premium/Discount to List
-$74,000
-10.15%
Current Estimated Value
$1,025,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,120
Avg. Annual Appreciation
10.07%
Original Mortgage
$491,250
Outstanding Balance
$439,369
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$585,751

Purchase Details

Listed on
Sep 23, 2020
Closed on
Feb 13, 2021
Sold by
English Carla and English William F
Bought by
Ayres Kevin J and Ayres Terry B
Seller's Agent
Kevin Mcgonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
List Price
$729,000
Sold Price
$655,000
Premium/Discount to List
-$74,000
-10.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,250
Outstanding Balance
$439,369
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$585,751

Purchase Details

Listed on
Jan 16, 2015
Closed on
Jan 29, 2015
Sold by
Maul Edward L and Maul Theresa M
Bought by
English Carla
Seller's Agent
Matthew Bader
BERGER REALTY-Main
Buyer's Agent
Kevin Mcgonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$455,000
Sold Price
$455,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%

Purchase Details

Closed on
Dec 22, 2005
Sold by
Jwr Construction Co Inc
Bought by
Maul Edward L and Maul Therese M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,920
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ayres Kevin J $655,000 Misc Company
Ayres Kevin J $655,000 Fidelity National Title
English Carla $455,000 Freedom Title & Abstract Co
Maul Edward L $544,900 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayres Kevin J $491,250
Closed Ayres Kevin J $491,250
Previous Owner Maul Edward L $435,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/19/2021 02/19/21 Sold $655,000 -3.0% -- View Prior Sale
01/04/2021 01/04/21 Pending -- -- --
11/18/2020 11/18/20 Price Changed $675,000 -3.3% --
11/12/2020 11/12/20 Price Changed $698,000 -4.3% --
11/12/2020 11/12/20 Price Changed $729,000 +4.4% --
10/26/2020 10/26/20 Price Changed $698,000 -4.3% --
09/23/2020 09/23/20 For Sale $729,000 +60.2% --
01/29/2015 01/29/15 Sold $455,000 0.0% -- View Prior Sale
01/20/2015 01/20/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $455,000 -- --

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 $4,838 $431,200 $183,200 $248,000
2024 $4,838 $431,200 $183,200 $248,000
2023 $4,618 $431,200 $183,200 $248,000
2022 $4,437 $431,200 $183,200 $248,000
2021 $3,217 $431,200 $183,200 $248,000
2020 $4,217 $431,200 $183,200 $248,000
2019 $4,170 $431,200 $183,200 $248,000
2018 $4,131 $431,200 $183,200 $248,000
2017 $4,066 $431,200 $183,200 $248,000
2016 $3,911 $431,200 $183,200 $248,000
2015 $3,859 $431,200 $183,200 $248,000
2014 $3,803 $431,200 $183,200 $248,000
Source: Public Records

Agents Affiliated with this Home

  • Kevin Mcgonigle

    Seller's Agent in 2021

    Kevin Mcgonigle

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 226-6046

    19 in this area

    57 Total Sales

    Kevin Mcgonigle
    Section Image
  • Kayla Noll

    Buyer's Agent in 2021

    Kayla Noll

    Compass New Jersey-Ocean City (O463E)

    (732) 735-1918

    70 in this area

    134 Total Sales

    Kayla Noll
    Section Image
  • Matthew Bader

    Seller's Agent in 2015

    Matthew Bader

    BERGER REALTY-Main

    (609) 992-4380

    61 in this area

    68 Total Sales

    Matthew Bader
    Section Image

  • C

    Seller Co-Listing Agent in 2015

    Chip Collins

    BERGER REALTY-Main

    (800) 427-0076

    51 in this area

    56 Total Sales

    Chip Collins
    Section Image
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Map

New Jersey Cape May County Ocean City 08226

1116 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 1116 Simpson Ave Unit 1, Ocean City, NJ 08226 and is currently estimated at $1,025,120, approximately $684 per square foot. 1116 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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