NOT LISTED FOR SALE

2401 Simpson Ave Unit 3 Ocean City, NJ 08226

Estimated Value: $1,367,172 - $1,747,000

4 Beds
2.5 Baths
2,251 Sq Ft
$695/Sq Ft Est. Value

Last Sold October 28, 2013

Last sale price $620,000 $275 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $8,907/month

407 Days on Market

Highlights

  • Deck
  • Cathedral Ceiling
  • Victorian Architecture
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of October 2013

Beautiful corner property in a nice quiet neighborhood. Short walk to the beach and golf course. This Victorian style home has a wrap around porch with side deck. Large two car garage & extra parking. Two zone HVAC, sitting area and walk-in closet in master suite. Large kitchen with french doors to Florida Room. Nicely landscaped, lawn sprinklers (on separate meter) and plenty of parking. Great opportunity to live in Ocean City or as a 2nd home. New carpeting. 13 month home warranty from close date.

Last Agent to Sell the Property

DONALD EDWARDS

BERGER REALTY-Main License #0561529 Listed on: 08/22/2012

Co-Listed By

Ken Sedberry

BERGER REALTY-Main

Last Buyer's Agent

Michael Bushong Jr

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,024

Year Built

  • Built in 1987

Lot Details

  • Corner Lot
  • Sprinkler System

Home Design

  • Victorian Architecture
  • Vinyl Siding

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Blinds
  • Dining Area
  • Den
  • Sun or Florida Room
  • Storage
  • Crawl Space

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,024

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Victorian
  • Age: 21 To 25 Years
  • Also Includes: Blinds
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 4
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Family Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Den/Tv Room, Dining Area, Florida Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Deck, Porch, Sprinkler System
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Concrete

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Multi-Zoned
  • Heating: Heat Pump, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Corner
  • Lot Dimensions: 50" x 115"
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2012
Closed on
Oct 28, 2013
Sold by
Marshall John F and Marshall Helen M
Bought by
Lorenz Kenneth J and Lorenz Patricia G
Seller's Agent
DONALD EDWARDS
BERGER REALTY-Main
Buyer's Agent
Michael Bushong Jr
Compass New Jersey-Ocean City (O463E)
List Price
$620,000
Sold Price
$620,000
Current Estimated Value
$1,563,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$943,543
Avg. Annual Appreciation
8.05%
Original Mortgage
$420,000
Outstanding Balance
$313,463
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$1,250,080

Purchase Details

Closed on
Mar 5, 2010
Sold by
Carosella Celeste
Bought by
Marshall John F and Marshall Helen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.02%
Mortgage Type
New Conventional
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
Lorenz Kenneth J $620,000 Freedom Title & Abstract Com
Marshall John F $677,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorenz Kenneth J $420,000
Previous Owner Marshall John F $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2013 10/28/13 Sold $620,000 0.0% $275 / Sq Ft
10/03/2013 10/03/13 Pending -- -- --
08/22/2012 08/22/12 For Sale $620,000 -- $275 / 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 $7,024 $626,000 $320,100 $305,900
2024 $7,024 $626,000 $320,100 $305,900
2023 $6,704 $626,000 $320,100 $305,900
2022 $6,442 $626,000 $320,100 $305,900
2021 $4,670 $626,000 $320,100 $305,900
2020 $6,122 $626,000 $320,100 $305,900
2019 $6,053 $626,000 $320,100 $305,900
2018 $5,997 $626,000 $320,100 $305,900
2017 $5,903 $626,000 $320,100 $305,900
2016 $5,678 $626,000 $320,100 $305,900
2015 $5,603 $626,000 $320,100 $305,900
2014 $5,521 $626,000 $320,100 $305,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    DONALD EDWARDS

    BERGER REALTY-Main

    (609) 780-3302

    3 Total Sales

    DONALD EDWARDS
    Section Image
  • Ken Sedberry

    Seller Co-Listing Agent in 2013

    Ken Sedberry

    BERGER REALTY-Main

    (609) 442-3850

    35 in this area

    43 Total Sales

    Ken Sedberry
    Section Image
  • Michael Bushong Jr

    Buyer's Agent in 2013

    Michael Bushong Jr

    Compass New Jersey-Ocean City (O463E)

    (609) 231-1353

    41 in this area

    75 Total Sales

    Michael Bushong Jr
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 399606

South Jersey Shore Regional MLS

APN: 08-02405-0000-00012

New Jersey Cape May County Ocean City 08226

2401 Simpson Ave Unit 3, Ocean City, NJ

This home is located at 2401 Simpson Ave Unit 3, Ocean City, NJ 08226 since 22 August 2012 and is currently estimated at $1,563,543, approximately $694 per square foot. This property was built in 1987. 2401 Simpson Ave Unit 3 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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