NOT LISTED FOR SALE

202B Simpson Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $742,674 - $1,002,000

3 Beds
2 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold February 01, 2023

Last sale price $615,000

Est. 40% increase in value since last sale

Current estimated payment $4,980/month

23 Days on Market

Highlights

  • Water Views
  • Ocean City Primary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of February 2023

Rare opportunity to own a beautiful, spacious and meticulously maintained home with gorgeous BAY VIEWS in one of the best vacation towns in America! Enter this second floor home through the inside steps and you will be immediately impressed by the bright and airy spacious living room with neutral paint and carpets and a large coat closet. Off of the living room is the dining area with newer wood floors and beautiful views of the bay. The kitchen was recently remodeled with white cabinetry with soft-close drawers, wood floors, a huge walk-in pantry and a convenient breakfast bar. Outside the kitchen is the gorgeous front deck with vinyl railings and plenty of space for entertaining or just enjoying your morning coffee while you watch the sunrise over the ocean. This home also features 3 generously sized bedrooms and 2 full bathrooms. The large primary bedroom offers 2 closets, a back balcony with stunning BAY VIEWS where you can watch the sun set over the Bay in the evening, and a beautiful en-suite with newer laminate wood floors and a stall shower. All 3 bedrooms feature ceiling fans for energy efficiency in addition to the central A/C, large closets, and the 2nd back bedroom also offers access to the back balcony. The laundry closet in the hall and the utility closet offer additional storage. All of the major systems in this home are newer: the heater, air conditioner and hot water heater were all replaced in 2017 and the roof was replaced in 2015. The location of this home cannot be beat, just steps from the Bay and all its activities including the Totally Tubular Aqua Park, jet skiing, private and group boat charters, fishing, parasailing, and pirate voyages for the kids just to name a few! The beach and the famous Ocean City boardwalk are also just a short walk or drive away with plenty of shopping, restaurants, amusements, miniature golfing, water park, and much much more! Purchase this home for your own use or rent it out as an investment. Ocean City, NJ is one of the best vacation rental towns in the Country! This is the opportunity you have been waiting for to own your very own vacation home in America's Best Family Resort!

Last Agent to Sell the Property

Jamie Naame

WEICHERT REALTORS - CHERRY HILL Listed on: 11/28/2022

WEICHERT REALTORS - CHERRY HILL

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,814

Year Built

  • Built in 1988

Lot Details

  • 4,008

Parking

  • 2 Parking Spaces

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Drapes & Rods
  • Blinds
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,814

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Curtains, Partially Furnished
  • Lvt Date: 11/28/2022
  • Year Built: 1988
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Second Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2

Garage/Parking

  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water

Lot Info

  • Location: Water View

Rental Info

  • Pets: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2022
Closed on
Jan 30, 2023
Sold by
Wilson Donald and Wilson Diane
Bought by
Kley Scott W and Kley Kris A
Seller's Agent
Jamie Naame
WEICHERT REALTORS - CHERRY HILL
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$650,000
Sold Price
$615,000
Premium/Discount to List
-$35,000
-5.38%
Views
43
Current Estimated Value
$862,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,169
Avg. Annual Appreciation
14.05%

Purchase Details

Closed on
Apr 29, 2003
Sold by
Prange Frederick J
Bought by
Wilson Donald and Wilson Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.86%

Purchase Details

Closed on
Nov 2, 2002
Sold by
Taylor Edward W
Bought by
Prange Frederick J and Prange Carol L

Purchase Details

Closed on
Feb 7, 1990
Sold by
Jaistan Company
Bought by
Taylor Edward and Taylor Patricia

Purchase Details

Closed on
Jan 31, 1989
Sold by
Jaiston Company
Bought by
Jaiston Company
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
Kley Scott W -- Surety Title
Wilson Donald $290,000 --
Prange Frederick J $249,900 --
Taylor Edward $119,000 --
Jaiston Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Donald $172,400
Previous Owner Wilson Donald $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2023 02/01/23 Sold $615,000 -5.4% --
12/21/2022 12/21/22 Pending -- -- --
11/28/2022 11/28/22 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 $3,814 $339,900 $150,800 $189,100
2024 $3,814 $339,900 $150,800 $189,100
2023 $3,365 $314,200 $150,800 $163,400
2022 $3,233 $314,200 $150,800 $163,400
2021 $2,344 $314,200 $150,800 $163,400
2020 $3,073 $314,200 $150,800 $163,400
2019 $3,038 $314,200 $150,800 $163,400
2018 $3,010 $314,200 $150,800 $163,400
2017 $2,963 $314,200 $150,800 $163,400
2016 $2,850 $314,200 $150,800 $163,400
2015 $2,812 $314,200 $150,800 $163,400
2014 $2,771 $314,200 $150,800 $163,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 569208

South Jersey Shore Regional MLS

APN: 08-00214-0000-00007-01-C2