NOT LISTED FOR SALE

3113 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,028,000 - $1,191,000

4 Beds
2 Baths
-- Sq Ft
4,617 Sq Ft Lot

Last Sold November 16, 2020

Last sale price $695,000

Est. 63% increase in value since last sale

Current estimated payment $6,510/month

Highlights

  • Ground Level Unit
  • 1 Car Attached Garage
  • Kitchen Island
  • Ocean City Primary School Rated A
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of November 2020

Super spacious, desirably located first floor featuring 4 large bedrooms and 2 gorgeous bathrooms! Features include gas heat, central air, new flooring, bright & open kitchen with Quartz countertops, stainless steel appliances, tile back splash, center island and more! Enjoy the breeze on the front and rear decks, separate garage and storage and more! Room for the whole family, close to shops & restaurants, tennis & basketball courts, playground and an easy stroll to the beach. Excellent rental potential or kick back and relax at your home at the shore!

Last Agent to Sell the Property

Dean Chorin

BHHS FOX and ROACH-109 34th OC Listed on: 10/08/2020

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Theresa Sivertsen

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,221

Year Built

  • Built in 2002

Lot Details

  • 4,617

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,221

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 10/08/2020
  • Year Built: 2002
  • Age: 16 To 20 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Eat In Kitchen

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car, Attached Garage
  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Fireplace(s), Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Nov 16, 2020
Sold by
Choriw George
Bought by
Esposito Nicholas and Esposito Theresa A
Seller's Agent
Dean Chorin
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Theresa Sivertsen
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
List Price
$699,900
Sold Price
$695,000
Premium/Discount to List
-$4,900
-0.7%
Current Estimated Value
$1,130,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,043
Avg. Annual Appreciation
10.43%
Original Mortgage
$445,000
Outstanding Balance
$395,987
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$734,056

Purchase Details

Closed on
Apr 30, 2002
Sold by
Chase Andrew B
Bought by
Giles James W and Giles Daria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.9%
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
Esposito Nicholas $695,000 Misc Company
Esposito Nicholas $695,000 Infinity Title
Giles James W $313,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esposito Nicholas $445,000
Closed Esposito Nicholas $445,000
Previous Owner Giles James W $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2020 11/16/20 Sold $695,000 -0.7% --
10/12/2020 10/12/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $699,900 +29.6% --
08/07/2020 08/07/20 Sold $540,000 -1.8% -- View Prior Sale
06/08/2020 06/08/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $549,900 -- --
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 $6,221 $554,500 $216,200 $338,300
2024 $6,221 $554,500 $216,200 $338,300
2023 $5,939 $554,500 $216,200 $338,300
2022 $5,706 $554,500 $216,200 $338,300
2021 $4,666 $464,300 $216,200 $248,100
2020 $4,541 $464,300 $216,200 $248,100
2019 $4,490 $464,300 $216,200 $248,100
2018 $4,448 $464,300 $216,200 $248,100
2017 $4,378 $464,300 $216,200 $248,100
2016 $4,211 $464,300 $216,200 $248,100
2015 $4,392 $490,700 $254,400 $236,300
2014 $4,328 $490,700 $254,400 $236,300
Source: Public Records

Agents Affiliated with this Home

  • Dean Chorin

    Seller's Agent in 2020

    Dean Chorin

    BHHS Fox & Roach

    (609) 602-0313

    145 in this area

    178 Total Sales

    Dean Chorin
    Section Image
  • Theresa Sivertsen

    Buyer's Agent in 2020

    Theresa Sivertsen

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    (215) 450-0396

    4 in this area

    36 Total Sales

    Theresa Sivertsen
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 543265

South Jersey Shore Regional MLS

APN: 08-03105-0000-00008-0000-C1

New Jersey Cape May County Ocean City 08226

3113 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 3113 Simpson Ave Unit 1, Ocean City, NJ 08226 since 08 October 2020 and is currently estimated at $1,130,043. This property was built in 2002. 3113 Simpson Ave Unit 1 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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