NOT LISTED FOR SALE

422 Simpson Ave Unit 422 Ocean City, NJ 08226

Estimated Value: $713,000 - $781,000

3 Beds
2.5 Baths
-- Sq Ft
5,750 Sq Ft Lot

Last Sold June 15, 2022

Last sale price $590,000

Est. 25% increase in value since last sale

Current estimated payment $4,236/month

Highlights

  • End Unit
  • Outdoor Community Showers
  • Ceiling Fan
  • Ocean City Primary School Rated A
  • Entrance Foyer
  • Baseboard Heating

About This Home

As of June 2022

YOUR SHORE HOME AWAITS!!!! This Beautiful Home Features 3 Bedrooms and 2.5 Baths. Gorgeous Updated Kitchen Featuring Quartz Countertops, Shaker Cabinets, Tile Backsplash, New Flooring, Open and Bright Living Room, and Updated Bathrooms. Walk Out Back to Your Private Deck and Patio Area, Perfect for Entertaining. There is Also Plenty of Off Street Parking and Your Own Shed, Perfect for Storing Beach Chairs, Surfboards, and Yard Equipment. Enjoy Walking to the Ball Park, Boardwalk, or Famous Ocean City Beaches! Move in Just in Time to Bring the Whole Family and Enjoy the Summer at Americas Favorite Family Resort!!! Master flood and homeowners insurance is split with next door unit owner. Total for this unit for the year is $1,423.

Last Agent to Sell the Property

PATRICIA RUGGIERO

MARCHESE REAL ESTATE, LLC Listed on: 05/06/2022

MARCHESE REAL ESTATE, LLC

Last Buyer's Agent

Erin Lewandowski

BHHS FOX and ROACH-Moorestown License #0572203

BHHS FOX and ROACH-Moorestown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,585

Lot Details

  • End Unit

Parking

  • 3 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Dining Area

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Amenities

  • Community Storage Space

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,585

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds
  • Lvt Date: 05/06/2022
  • Age: 25+ Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Dining Area
  • Common Area Features: Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Wall Units
  • Heating: Baseboard, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Foyer, Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Jun 14, 2022
Sold by
Michelle Spitz
Bought by
Kipp Steven P and Kipp Nicole D
Seller's Agent
PATRICIA RUGGIERO
MARCHESE REAL ESTATE, LLC
Buyer's Agent
Erin Lewandowski
BHHS FOX and ROACH-Moorestown
List Price
$599,900
Sold Price
$590,000
Premium/Discount to List
-$9,900
-1.65%
Current Estimated Value
$739,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,633
Avg. Annual Appreciation
7.05%
Original Mortgage
$442,500
Outstanding Balance
$421,150
Interest Rate
5.3%
Mortgage Type
Balloon
Estimated Equity
$318,483

Purchase Details

Listed on
Jan 22, 2021
Closed on
Mar 31, 2021
Sold by
Hoffman Jennifer and Hoffman Brian
Bought by
Spitz Michelle
Seller's Agent
Brigid Bilotta
MARKETPLACE REALTY
Buyer's Agent
PATRICIA RUGGIERO
MARCHESE REAL ESTATE, LLC
List Price
$479,000
Sold Price
$479,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.80%
Original Mortgage
$383,200
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 21, 2019
Closed on
Mar 16, 2020
Sold by
Jenkins William E and Jenkins Janice
Bought by
Hoffman Jennifer
Seller's Agent
Eric Booth
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Brigid Bilotta
MARKETPLACE REALTY
List Price
$399,900
Sold Price
$402,000
Premium/Discount to List
$2,100
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.15%

Purchase Details

Closed on
Aug 28, 2009
Sold by
Jenkins William E and Jenkins William C
Bought by
Jenkins William E and Jenkins Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,100
Interest Rate
5.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2005
Sold by
Limburg Jean
Bought by
Jenkins William E and Jenkins William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
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
Kipp Steven P $590,000 Trident Land Transfer
Kipp Steven P $590,000 Trident Land Transfer
Spitz Michelle $479,000 Misc Company
Spitz Michelle $479,000 Foundation Title
Hoffman Jennifer $402,000 Surety Title
Jenkins William E -- Mutual Title Agency
Jenkins William E $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kipp Steven P $442,500
Closed Kipp Steven P $442,500
Previous Owner Spitz Michelle $383,200
Previous Owner Jenkins William E $246,100
Previous Owner Jenkins William E $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2022 06/15/22 Sold $590,000 -1.7% --
05/13/2022 05/13/22 For Sale $599,900 0.0% --
05/11/2022 05/11/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $599,900 +25.2% --
03/31/2021 03/31/21 Sold $479,000 0.0% -- View Prior Sale
01/29/2021 01/29/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $479,000 +19.2% --
03/31/2020 03/31/20 Sold $402,000 +0.5% -- View Prior Sale
02/07/2020 02/07/20 For Sale $399,900 0.0% --
01/22/2020 01/22/20 Pending -- -- --
10/21/2019 10/21/19 For Sale $399,900 -- --
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 $3,585 $319,500 $153,700 $165,800
2024 $3,585 $319,500 $153,700 $165,800
2023 $3,422 $319,500 $153,700 $165,800
2022 $3,288 $319,500 $153,700 $165,800
2021 $3,211 $319,500 $153,700 $165,800
2020 $2,514 $257,100 $153,700 $103,400
2019 $2,486 $257,100 $153,700 $103,400
2018 $2,463 $257,100 $153,700 $103,400
2017 $2,424 $257,100 $153,700 $103,400
2016 $2,332 $257,100 $153,700 $103,400
2015 $2,301 $257,100 $153,700 $103,400
2014 $2,268 $257,100 $153,700 $103,400
Source: Public Records

Agents Affiliated with this Home

  • PATRICIA RUGGIERO

    Seller's Agent in 2022

    PATRICIA RUGGIERO

    MARCHESE REAL ESTATE, LLC

    (914) 450-7406

    4 in this area

    99 Total Sales

    PATRICIA RUGGIERO
    Section Image
  • Erin Lewandowski

    Buyer's Agent in 2022

    Erin Lewandowski

    BHHS Fox & Roach

    (856) 308-4381

    4 in this area

    283 Total Sales

    Erin Lewandowski
    Section Image
  • Brigid Bilotta

    Seller's Agent in 2021

    Brigid Bilotta

    MARKETPLACE REALTY

    (609) 412-3806

    2 in this area

    78 Total Sales

    Brigid Bilotta
    Section Image
  • Eric Booth

    Seller's Agent in 2020

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    79 in this area

    137 Total Sales

    Eric Booth
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 562644

South Jersey Shore Regional MLS

APN: 08-00411-0000-00024-0000-C422

New Jersey Cape May County Ocean City 08226

422 Simpson Ave Unit 422, Ocean City, NJ

This home is located at 422 Simpson Ave Unit 422, Ocean City, NJ 08226 since 06 May 2022 and is currently estimated at $739,633. 422 Simpson Ave Unit 422 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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