NOT LISTED FOR SALE

1230 Simpson Ave Ocean City, NJ 08226

Estimated Value: $1,201,000 - $2,208,000

0.1 Acre
$17,526,270 Price per Acre
4,356 Sq Ft Lot

Last Sold March 25, 2022

Last sale price $750,000

Est. 134% increase in value since last sale

Current estimated payment $10,488/month

About This Lot

As of March 2022

Wow!! Your chance to build your dream home in desirable Ocean City!! Zoned single family, this 4600 square foot lot ( 40 x 115 ) has been cleared and is ready to be built upon! Permitted plans are included for a proposed 5 bedroom 3.5 bath house centrally located in the heart of town! Permits for an in-ground swimming pool are also included.

Last Agent to Sell the Property

Kayla Noll

Compass New Jersey-Ocean City (O463E) Listed on: 01/22/2022

Compass New Jersey-Ocean City (O463E)

Co-Listed By

Eric Booth

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Kayla Noll

Compass New Jersey-Ocean City (O463E) Listed on: 01/22/2022

Compass New Jersey-Ocean City (O463E)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,684

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40 x 115

Property Details

Property Type

Land

Est. Annual Taxes

$14,684

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 1 To 6,000 Sqft
  • Lvt Date: 01/22/2022
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Dimensions: 40 x 115
  • Number Of Acres: 0.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2022
Closed on
Mar 24, 2022
Sold by
Elcon Custom Builders Lic
Bought by
Gioia Angelo
Seller's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
List Price
$899,900
Sold Price
$750,000
Premium/Discount to List
-$149,900
-16.66%
Current Estimated Value
$1,752,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,002,627
Avg. Annual Appreciation
26.76%

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 6, 2021
Sold by
Mcdonnell Eleanor R Est
Bought by
Elcon Custom Builders Llc
Seller's Agent
JACK ZABOROWSKI
eXp Realty - Ocean City S382K
Buyer's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.13%
Original Mortgage
$700,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
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
Gioia Angelo $750,000 Mantzas Dino S
Gioia Angelo $750,000 None Listed On Document
Elcon Custom Builders Llc $675,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elcon Custom Builders Llc $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2022 03/25/22 Sold $750,000 -11.8% --
03/07/2022 03/07/22 Pending -- -- --
02/11/2022 02/11/22 Price Changed $849,900 -5.6% --
01/22/2022 01/22/22 For Sale $899,900 +33.3% --
10/06/2021 10/06/21 Sold $675,000 +3.8% -- View Prior Sale
09/10/2021 09/10/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $650,000 -- --
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 $14,684 $1,308,700 $279,800 $1,028,900
2024 $14,684 $1,308,700 $279,800 $1,028,900
2023 $2,997 $279,800 $279,800 $0
2022 $2,879 $279,800 $279,800 $0
2021 $3,314 $329,800 $279,800 $50,000
2020 $3,225 $329,800 $279,800 $50,000
2019 $3,189 $329,800 $279,800 $50,000
2018 $3,159 $329,800 $279,800 $50,000
2017 $3,110 $329,800 $279,800 $50,000
2016 $2,991 $329,800 $279,800 $50,000
2015 $2,952 $329,800 $279,800 $50,000
2014 $2,909 $329,800 $279,800 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Kayla Noll

    Seller's Agent in 2022

    Kayla Noll

    Compass New Jersey-Ocean City (O463E)

    (732) 735-1918

    70 in this area

    134 Total Sales

    Kayla Noll
    Section Image
  • Eric Booth

    Seller Co-Listing Agent in 2022

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    79 in this area

    135 Total Sales

    Eric Booth
    Section Image
  • JACK ZABOROWSKI

    Seller's Agent in 2021

    JACK ZABOROWSKI

    eXp Realty - Ocean City S382K

    (609) 602-7140

    25 in this area

    70 Total Sales

    JACK ZABOROWSKI
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 558984

South Jersey Shore Regional MLS

APN: 08-01208-0000-00023

New Jersey Cape May County Ocean City 08226

1230 Simpson Ave, Ocean City, NJ

This home is located at 1230 Simpson Ave, Ocean City, NJ 08226 since 22 January 2022 and is currently estimated at $1,752,627. 1230 Simpson Ave 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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