$870,000
SOLD MAY 30, 2025

221 Simpson Ave Ocean City, NJ 08226

-- Bed
-- Bath
-- Sq Ft
4,617 Sq Ft Lot

Recently Sold

3% Below List Price

5 Days on Market

About This Home

As of May 2025

Endless Potential in Ocean City’s Sought-After North end. Welcome to 221 Simpson Avenue—a rare opportunity to renovate or build your dream home in a desirable Ocean City neighborhood. Situated on a 40’ x 115’ lot, this property offers flexibility for a full-scale rehab or new construction. The sale includes approved architectural plans for lift & renovation and zoning permit, ready for you to start project. The sale also includes new windows and doors, providing a head start for those considering renovation. Whether you're a developer, builder, investor, or end-user, this Northend gem is bursting with potential. Being sold strictly as-is. Don’t miss your chance to create the ultimate beach retreat in America’s Greatest Family Resort.

Last Agent to Sell the Property

Emily Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 05/01/2025

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Peter Madden

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,995

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 40 x 115

Interior Spaces

  • 2-Story Property
  • Crawl Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,995

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Lvt Date: 05/01/2025
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Outside Features: Sidewalks

Utilities

  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 40 x 115
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2025
Closed on
May 30, 2025
Sold by
Sandberg Peter J and Sandberg Alexandra K
Bought by
Elmwood Developers Llc
Seller's Agent
Emily Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Peter Madden
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$899,000
Sold Price
$870,000
Premium/Discount to List
-$29,000
-3.23%
Views
16
Current Estimated Value
$884,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,757
Avg. Annual Appreciation
5.77%
Original Mortgage
$1,015,750
Outstanding Balance
$768,261
Interest Rate
6.83%
Mortgage Type
Construction
Estimated Equity
$116,496

Purchase Details

Listed on
Jan 6, 2023
Closed on
Apr 17, 2023
Sold by
Berrien-Hill Jade
Bought by
Sandberg Peter J and Sandberg Alexandra K
Seller's Agent
JAMES BECOTTE
Compass New Jersey-Ocean City (O463H)
Buyer's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$715,000
Sold Price
$650,000
Premium/Discount to List
-$65,000
-9.09%
Views
185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.74%
Original Mortgage
$620,100
Interest Rate
6.5%
Mortgage Type
Construction
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 Type Sale Price Title Company
Deed $870,000 Shore Title
Deed $870,000 Shore Title
Bargain Sale Deed $650,000 None Listed On Document
Bargain Sale Deed $650,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,015,750 Construction
Closed $1,015,750 Construction
Previous Owner $620,100 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $870,000 -3.2% --
05/06/2025 05/06/25 Pending -- -- --
05/01/2025 05/01/25 For Sale $899,000 +38.3% --
04/17/2023 04/17/23 Sold $650,000 -9.1% --
01/06/2023 01/06/23 For Sale $715,000 -- --
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 $2,995 $266,900 $188,700 $78,200
2024 $2,995 $266,900 $188,700 $78,200
2023 $2,859 $266,900 $188,700 $78,200
2022 $2,746 $266,900 $188,700 $78,200
2021 $1,991 $266,900 $188,700 $78,200
2020 $2,610 $266,900 $188,700 $78,200
2019 $2,581 $266,900 $188,700 $78,200
2018 $2,557 $266,900 $188,700 $78,200
2017 $2,517 $266,900 $188,700 $78,200
2016 $2,421 $266,900 $188,700 $78,200
2015 $2,389 $266,900 $188,700 $78,200
2014 $2,354 $266,900 $188,700 $78,200
Source: Public Records

Agents Affiliated with this Home

  • Emily Wilkins

    Seller's Agent in 2025

    Emily Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2029

    19 in this area

    58 Total Sales

    Emily Wilkins
    Section Image
  • Peter Madden

    Buyer's Agent in 2025

    Peter Madden

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-4781

    131 in this area

    154 Total Sales

    Peter Madden
    Section Image

  • J

    Seller's Agent in 2023

    JAMES BECOTTE

    Compass New Jersey-Ocean City (O463H)

    2 in this area

    2 Total Sales

    JAMES BECOTTE
    Section Image
  • Burton Wilkins

    Buyer's Agent in 2023

    Burton Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2500

    98 in this area

    192 Total Sales

    Burton Wilkins
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 595776

South Jersey Shore Regional MLS

APN: 08-00213-0000-00007

New Jersey Cape May County Ocean City 08226

221 Simpson Ave, Ocean City, NJ

This home is located at 221 Simpson Ave, Ocean City, NJ 08226 and is currently priced at $870,000. This property was built in 1964. 221 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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