NOT LISTED FOR SALE

1409 Simpson Ave Unit 11 Ocean City, NJ 08226

Estimated Value: $1,129,000 - $1,285,000

-- Bed
-- Bath
1,467 Sq Ft
$816/Sq Ft Est. Value

About This Home

This home is located at 1409 Simpson Ave Unit 11, Ocean City, NJ 08226 and is currently estimated at $1,197,745, approximately $816 per square foot. 1409 Simpson Ave Unit 11 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2023
Sold by
Schrumpf Raymond A and Schrumpf Susan L
Bought by
Heino John Michael and Kramer-Heino Thereasa A
Current Estimated Value
$1,197,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Outstanding Balance
$859,948
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$337,797

Purchase Details

Closed on
Oct 24, 2014
Sold by
Riehl John and Riehl Donna
Bought by
Schrumpf Raymond A and Schrumpf Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 12, 2006
Sold by
Friedman W Scott
Bought by
Riehl John and Riehl Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.59%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Heino John Michael $1,100,000 Chicago Title
Heino John Michael $1,100,000 Chicago Title
Schrumpf Raymond A $500,000 Surety Title
Riehl John $575,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heino John Michael $880,000
Closed Heino John Michael $880,000
Previous Owner Schrumpf Raymond A $300,000
Previous Owner Riehl John $375,000
Source: Public Records

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 $6,004 $535,100 $183,200 $351,900
2024 $6,004 $535,100 $183,200 $351,900
2023 $5,113 $477,400 $183,200 $294,200
2022 $4,912 $477,400 $183,200 $294,200
2021 $3,561 $477,400 $183,200 $294,200
2020 $4,669 $477,400 $183,200 $294,200
2019 $4,616 $477,400 $183,200 $294,200
2018 $4,573 $477,400 $183,200 $294,200
2017 $4,502 $477,400 $183,200 $294,200
2016 $4,330 $477,400 $183,200 $294,200
2015 $4,273 $477,400 $183,200 $294,200
2014 $4,211 $477,400 $183,200 $294,200
Source: Public Records

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