NOT LISTED FOR SALE

3120 Simpson Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $932,000 - $1,080,000

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

Last Sold September 06, 2019

Last sale price $422,625

Est. 131% increase in value since last sale

Current estimated payment $5,633/month

87 Days on Market

Highlights

  • Unit is on the top floor
  • Cathedral Ceiling
  • 1 Car Attached Garage
  • Ocean City Primary School Rated A
  • Fireplace
  • Central Air

About This Home

As of September 2019

Great central location close to beach, stores, restaurants, tennis, basketball. Fantastic 4br 2 baths condo with off street and one garage parking, gas heat, central air,garage, firepalce,kitchen island ,two balconies and a roof deck.

Last Agent to Sell the Property

Stamen Iliev

Keyway Real Estate, LLC Listed on: 05/10/2019

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,432

Year Built

  • Built in 1999

Lot Details

  • 4,617

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Unit is on the top floor

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,432

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 05/10/2019
  • Year Built: 1999
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Second Floor, Top Floor
  • Special Features: Auction
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Fireplace: Built-In
  • Bedrooms: 4
  • Full Bathrooms: 2

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

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

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Cathedral Ceiling(s), Skylight

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2019
Closed on
Aug 28, 2019
Sold by
Deutsche Bk Natl T Co Tr
Bought by
Mowatt Frank
Seller's Agent
Stamen Iliev
Keyway Real Estate, LLC
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$508,800
Sold Price
$422,625
Premium/Discount to List
-$86,175
-16.94%
Current Estimated Value
$976,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$554,336
Avg. Annual Appreciation
14.73%
Original Mortgage
$401,450
Outstanding Balance
$351,639
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$625,322

Purchase Details

Closed on
May 10, 2001
Sold by
Morello Thomas
Bought by
Sellers Thomas and Sellers Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.14%
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
Mowatt Frank $422,625 Dominion Title Agency, Inc.
Sellers Thomas $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mowatt Frank $401,450
Previous Owner Sellers Thomas $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2019 09/06/19 Sold $422,625 -1.5% --
08/05/2019 08/05/19 Pending -- -- --
08/01/2019 08/01/19 Price Changed $429,000 +2.3% --
08/01/2019 08/01/19 Price Changed $419,400 -2.2% --
07/08/2019 07/08/19 Price Changed $429,000 -6.3% --
06/20/2019 06/20/19 Price Changed $458,000 -6.5% --
05/29/2019 05/29/19 Price Changed $489,600 -3.8% --
05/10/2019 05/10/19 For Sale $508,800 -- --
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 $5,432 $484,100 $216,200 $267,900
2024 $5,432 $484,100 $216,200 $267,900
2023 $5,185 $484,100 $216,200 $267,900
2022 $4,981 $484,100 $216,200 $267,900
2021 $3,611 $484,100 $216,200 $267,900
2020 $4,735 $484,100 $216,200 $267,900
2019 $4,681 $484,100 $216,200 $267,900
2018 $4,638 $484,100 $216,200 $267,900
2017 $4,565 $484,100 $216,200 $267,900
2016 $4,391 $484,100 $216,200 $267,900
2015 $4,675 $522,300 $254,400 $267,900
2014 $4,607 $522,300 $254,400 $267,900
Source: Public Records

Agents Affiliated with this Home

  • Stamen Iliev

    Seller's Agent in 2019

    Stamen Iliev

    Keyway Real Estate, LLC

    (609) 350-4533

    31 Total Sales

    Stamen Iliev
    Section Image

  • A

    Buyer's Agent in 2019

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 522058

South Jersey Shore Regional MLS

APN: 08-03106-0000-00017-0000-C2

New Jersey Cape May County Ocean City 08226

3120 Simpson Ave Unit 2, Ocean City, NJ

This home is located at 3120 Simpson Ave Unit 2, Ocean City, NJ 08226 since 10 May 2019 and is currently estimated at $976,961. This property was built in 1999. 3120 Simpson Ave Unit 2 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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