NOT LISTED FOR SALE

138 Simpson Ave Ocean City, NJ 08226

Estimated Value: $1,138,000 - $1,328,000

Studio
-- Bath
1,796 Sq Ft
$708/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $757,500 $422 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,206/month

Highlights

  • Patio
  • Ocean City Primary School Rated A
  • Ceiling Fan

About This Home

As of April 2021

Multiple opportunities await! Your chance to own a 5 bed / 3 bath single family home in the desirable north end of Ocean City OR keep this property as a 3 bed / 2 bath single with attached 2 bed 1 bath apartment. Ample space on the side of the home featuring a spacious patio perfect for entertaining during the summer. Situated in a quiet neighborhood, endless possibilities to make this one your dream home!

Last Agent to Sell the Property

Kayla Noll

Compass New Jersey-Ocean City (O463E) Listed on: 03/08/2021

Compass New Jersey-Ocean City (O463E)

Co-Listed By

Eric Booth

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Chris Monihan

MONIHAN REALTY

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,617

Parking

  • 2 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • Ceiling Fan
  • Dishwasher

Laundry

  • Dryer
  • Washer

Additional Features

  • Patio
  • Lot Dimensions are 40 x 115
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer

Exterior Features

  • Outside Features: Patio

Garage/Parking

  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Lot Dimensions: 40 x 115

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Apr 29, 2021
Sold by
Elcon Custom Builders Llc
Bought by
Slough Brian P
Seller's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Chris Monihan
MONIHAN REALTY
List Price
$775,000
Sold Price
$757,500
Premium/Discount to List
-$17,500
-2.26%
Current Estimated Value
$1,271,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,333
Avg. Annual Appreciation
11.53%
Original Mortgage
$548,250
Outstanding Balance
$495,290
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$776,543

Purchase Details

Listed on
Mar 8, 2021
Closed on
Apr 21, 2021
Sold by
Elcon Custom Builders Llc
Bought by
Slough Brian Patrick
Seller's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Chris Monihan
MONIHAN REALTY
List Price
$775,000
Sold Price
$757,500
Premium/Discount to List
-$17,500
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Outstanding Balance
$495,290
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$776,543

Purchase Details

Closed on
Feb 26, 2021
Sold by
Taylor Randy and Taylor Lori
Bought by
Elcon Custom Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Interest Rate
5.84%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Slough Brian P $756,000 Surety Title
Slough Brian Patrick $756,000 Surety Title
Elcon Custom Builders Llc $600,000 Freedom Title
-- $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slough Brian P $548,250
Previous Owner Slough Brian Patrick $548,250
Previous Owner Elcon Custom Builders Llc $600,000
Previous Owner -- $437,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $757,500 -2.3% $422 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $775,000 -- $432 / Sq Ft
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 $7,221 $643,600 $314,800 $328,800
2024 $6,893 $643,600 $314,800 $328,800
Source: Public Records

Agents Affiliated with this Home

  • Kayla Noll

    Seller's Agent in 2021

    Kayla Noll

    Compass New Jersey-Ocean City (O463E)

    (732) 735-1918

    68 in this area

    131 Total Sales

    Kayla Noll
    Section Image
  • Eric Booth

    Seller Co-Listing Agent in 2021

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    75 in this area

    126 Total Sales

    Eric Booth
    Section Image
  • Chris Monihan

    Buyer's Agent in 2021

    Chris Monihan

    MONIHAN REALTY

    (609) 602-3336

    87 in this area

    107 Total Sales

    Chris Monihan
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 548025

South Jersey Shore Regional MLS

APN: 08-00111-0000-00023

New Jersey Cape May County Ocean City 08226

138 Simpson Ave, Ocean City, NJ

Not Listed for Sale

MultiFamily

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