NOT LISTED FOR SALE

3120 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $917,000 - $1,067,000

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

Last Sold April 24, 2020

Last sale price $510,000

Est. 96% increase in value since last sale

Current estimated payment $5,714/month

42 Days on Market

Highlights

  • Ground Level Unit
  • Outdoor Community Showers
  • Kitchen Island
  • Ocean City Primary School Rated A
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of April 2020

Charming 1st Floor condo located on a wonderful block. This 4 bedroom 2 bath 1st floor condo speaks for itself. Amenities include, large 40x115 foot lot, attached garage, outside shower, gas heat, central air, newer appliances, newer HVAC and much more. Great rental potential and priced to sell! Call for your private showing today!

Last Agent to Sell the Property

Matthew Bader

BERGER REALTY-Main Listed on: 01/25/2020

Last Buyer's Agent

Michael Contino

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,970

Lot Details

  • 4,617

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Carpet

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Location

  • Ground Level Unit

Utilities

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

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,970

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Lvt Date: 01/25/2020
  • 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, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Dining Room
  • Common Area Features: Enclsd/Covered Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Attached Garage
  • Parking Exterior: Two Car, Assigned

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2020
Closed on
Apr 17, 2020
Sold by
Schilling Michael and Schilling Cathy
Bought by
Kelly Dermid J and Kelly Suzanne
Seller's Agent
Matthew Bader
BERGER REALTY-Main
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$549,900
Sold Price
$510,000
Premium/Discount to List
-$39,900
-7.26%
Current Estimated Value
$999,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,602
Avg. Annual Appreciation
13.09%
Original Mortgage
$408,000
Outstanding Balance
$362,791
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$636,811

Purchase Details

Closed on
Apr 28, 2001
Sold by
Morello Thomas
Bought by
Schilling Michael and Schilling Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.88%

Purchase Details

Closed on
Nov 29, 2000
Sold by
Michie C Richard
Bought by
Morello Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
7.76%
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 Buyer Sale Price Title Company
Kelly Dermid J $510,000 Misc Company
Schilling Michael $286,000 --
Schilling Michael $286,000 --
Morello Thomas $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Dermid J $408,000
Previous Owner Schilling Michael $228,000
Previous Owner Morello Thomas $416,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2020 04/24/20 Sold $510,000 -3.8% --
03/07/2020 03/07/20 Pending -- -- --
02/26/2020 02/26/20 Price Changed $529,900 -2.8% --
02/18/2020 02/18/20 Price Changed $544,900 -0.9% --
01/28/2020 01/28/20 Price Changed $549,899 0.0% --
01/25/2020 01/25/20 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 $4,970 $443,000 $216,200 $226,800
2024 $4,970 $443,000 $216,200 $226,800
2023 $4,745 $443,000 $216,200 $226,800
2022 $4,558 $443,000 $216,200 $226,800
2021 $3,305 $443,000 $216,200 $226,800
2020 $4,333 $443,000 $216,200 $226,800
2019 $4,284 $443,000 $216,200 $226,800
2018 $4,244 $443,000 $216,200 $226,800
2017 $4,177 $443,000 $216,200 $226,800
2016 $4,018 $443,000 $216,200 $226,800
2015 $4,307 $481,200 $254,400 $226,800
2014 $4,244 $481,200 $254,400 $226,800
Source: Public Records

Agents Affiliated with this Home

  • Matthew Bader

    Seller's Agent in 2020

    Matthew Bader

    BERGER REALTY-Main

    (609) 992-4380

    63 in this area

    69 Total Sales

    Matthew Bader
    Section Image
  • Michael Contino

    Buyer's Agent in 2020

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    360 in this area

    418 Total Sales

    Michael Contino
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 532917

South Jersey Shore Regional MLS

APN: 08-03106-0000-00017-0000-C1

New Jersey Cape May County Ocean City 08226

3120 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 3120 Simpson Ave Unit 1, Ocean City, NJ 08226 since 25 January 2020 and is currently estimated at $999,602. 3120 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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