NOT LISTED FOR SALE

1217 Simpson Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $433,703 - $669,000

2 Beds
1 Bath
-- Sq Ft
$200/mo HOA Fee

Last Sold January 15, 2013

Last sale price $200,000

Est. 170% increase in value since last sale

Current estimated payment $3,221/month

Highlights

  • 0.32 Acre Lot
  • Eat-In Kitchen
  • En-Suite Primary Bedroom
  • Ocean City Primary School Rated A
  • Living Room
  • Dining Room

About This Home

As of January 2013

Centrally located on a quiet Street in Ocean City, not far from the shopping district, not far from the boardwalk and absolutely close enough to the beach and enjoy this first floor condo with newly remodeled bathroom, partially furnished with a great front porch protected from the weather by the apartment porch above. A great investment as well as a fabulous place to call your second home AT THE BEACH.

Last Agent to Sell the Property

Joseph Venello

(609) 238-3389 jevenello@yahoo.com American Dream Realty of South Jersey License #893531 Listed on: 09/19/2012

Co-Listed By

Liz Ellsworth

lizellsworth@comcast.net American Dream Realty of South Jersey

Last Buyer's Agent

Karen Larsson-Flowers

(609) 314-4127 karenklf@yahoo.com American Dream Realty of South Jersey License #9481080

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,783

Year Built

  • Built in 1982

Lot Details

  • 0.32

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Vinyl Siding
  • Stucco

Interior Spaces

  • Property has 2 Levels
  • Family Room
  • Living Room
  • Dining Room
  • Eat-In Kitchen
  • Laundry on upper level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Schools

  • Ocean City Elementary And Middle School
  • Ocean City High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 00006-C2
  • Assessor Parcel Number 08-01207-00006-C2

Community Details

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,783

Year Built

Built in 1982

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 4
  • Room List: Living Room, Dining Room, Master Bedroom, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Laundry Type: Upper Floor

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Construction Materials: Vinyl Siding, Stucco
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 200.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: OCEAN CITY SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: OCEAN CITY
  • High School: OCEAN CITY
  • School District Key: 300200397020
  • Elementary School: OCEAN CITY
  • High School: OCEAN CITY
  • Middle Or Junior School: OCEAN CITY

Lot Info

  • Improvement Assessed Value: 83900.00
  • Land Assessed Value: 153200.00
  • Lot Size Acres: 0.32
  • Lot Dimensions: 120X115
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13800.00
  • Zoning: RES

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3798918
  • Tax Annual Amount: 1783.00
  • Assessor Parcel Number: 08-01207-00006-C2
  • Tax Lot: 00006-C2
  • Tax Year: 2011
  • Close Date: 01/15/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2012
Closed on
Jan 15, 2013
Sold by
Savarese Pasquale and Savarese Maria Teresa
Bought by
Distefano Jacqueline
Seller's Agent
Joseph Venello
American Dream Realty of South Jersey
Buyer's Agent
Karen Larsson-Flowers
American Dream Realty of South Jersey
List Price
$228,500
Sold Price
$200,000
Premium/Discount to List
-$28,500
-12.47%
Current Estimated Value
$539,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,176
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Jul 26, 2000
Sold by
Gardell George P
Bought by
Savarese Pasquale and Savarese Marie Terresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.21%

Purchase Details

Closed on
Jan 10, 1996
Sold by
Jackson Charles
Bought by
Gardell George
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
Distefano Jacqueline $200,000 Heritage Title & Abstract Ag
Savarese Pasquale $81,500 --
Gardell George $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savarese Pasquale $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2013 01/15/13 Sold $200,000 -12.5% --
12/07/2012 12/07/12 Pending -- -- --
09/19/2012 09/19/12 For Sale $228,500 -- --
Source: Bright 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 $2,051 $182,800 $98,900 $83,900
2024 $2,051 $182,800 $98,900 $83,900
2023 $1,958 $182,800 $98,900 $83,900
2022 $1,881 $182,800 $98,900 $83,900
2021 $1,364 $182,800 $98,900 $83,900
2020 $1,788 $182,800 $98,900 $83,900
2019 $1,768 $182,800 $98,900 $83,900
2018 $1,751 $182,800 $98,900 $83,900
2017 $1,724 $182,800 $98,900 $83,900
2016 $1,658 $182,800 $98,900 $83,900
2015 $1,636 $182,800 $98,900 $83,900
2014 $1,612 $182,800 $98,900 $83,900
Source: Public Records

Agents Affiliated with this Home

  • Joseph Venello

    Seller's Agent in 2013

    Joseph Venello

    American Dream Realty of South Jersey

    (609) 238-3389

    66 Total Sales

    Joseph Venello
    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Liz Ellsworth

    American Dream Realty of South Jersey

  • K

    Buyer's Agent in 2013

    Karen Larsson-Flowers

    American Dream Realty of South Jersey

    (609) 314-4127

    1 in this area

    28 Total Sales

    Karen Larsson-Flowers
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004124278

Bright MLS

APN: 08-01207-0000-00006-0000-C2

New Jersey Cape May County Ocean City 08226

1217 Simpson Ave Unit 2, Ocean City, NJ

This home is located at 1217 Simpson Ave Unit 2, Ocean City, NJ 08226 since 19 September 2012 and is currently estimated at $539,176. This property was built in 1982. 1217 Simpson Ave Unit 2 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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