NOT LISTED FOR SALE

5400 Simpson Ave Ocean City, NJ 08226

Estimated Value: $1,025,000 - $1,788,000

3 Beds
2 Baths
1,877 Sq Ft
$784/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $257,000 $137 Per Sq Ft

Est. 472% increase in value since last sale

Current estimated payment $8,597/month

81 Days on Market

Highlights

  • Dutch Colonial Architecture
  • Baseboard Heating
  • Wood Burning Fireplace
  • Ocean City Primary School Rated A

About This Home

As of December 2013

Storm damaged property, sold "AS IS". Property has a 3 to 4 bedroom floor plan with two baths, sun room, added family room, attached garage and corner lot. Hurricane Sandy damaged this property, but opportunity awaits, renovate or tear down and create your dream home! Nice quiet residential neighborhood in Ocean City's southend.

Last Agent to Sell the Property

JOHN LAROSA

Fox Real Estate-Ocean License #9486162 Listed on: 09/16/2013

Last Buyer's Agent

Christopher Ferzoco

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,225

Lot Details

  • Lot Dimensions are 65'x80'

Home Design

  • Dutch Colonial Architecture
  • Asbestos Siding
  • Cedar Siding

Interior Spaces

  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Baseboard Heating
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,225

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Dutch Colonial
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Built-In, Family Room, Wood Burning
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Basement: Crawl Space

Exterior Features

  • Siding Exterior: Asbestos, Cedar

Garage/Parking

  • Driveway: Concrete

Utilities

  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Lot Dimensions: 65'x80'
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2015
Sold by
E A Panichi Company Llc
Bought by
Thiele Patrick and Thiele Laura
Current Estimated Value
$1,470,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Outstanding Balance
$522,148
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$948,489

Purchase Details

Listed on
Sep 16, 2013
Closed on
Dec 13, 2013
Sold by
Hutchinson David B and Hutchinson Keith M
Bought by
Ep Coastal Homes Llc
Seller's Agent
JOHN LAROSA
Fox Real Estate-Ocean
Buyer's Agent
Christopher Ferzoco
Keller Williams Realty Jersey Shore-Ocean City
List Price
$257,000
Sold Price
$257,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.89%

Purchase Details

Closed on
Jul 8, 2004
Sold by
Hutchinson George H and Hutchinson Virginia J
Bought by
Hutchinson David B and Hutchinson Keith M

Purchase Details

Closed on
Jul 15, 1993
Sold by
Hutchinson George H and Hutchinson Virginia J
Bought by
Hutchingson George H and Hutchingson Virginia J
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
Thiele Patrick $840,000 Surety Title Company
E A Panichi Company Llc -- Surety Title Company
Ep Coastal Homes Llc $257,000 Surety Title
Hutchinson David B -- --
Hutchingson George H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thiele Patrick $672,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2013 12/13/13 Sold $257,000 0.0% $137 / Sq Ft
12/06/2013 12/06/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $257,000 -- $137 / 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 $9,225 $822,200 $346,400 $475,800
2024 $9,225 $822,200 $346,400 $475,800
2023 $8,770 $818,900 $346,400 $472,500
2022 $8,426 $818,900 $346,400 $472,500
2021 $8,230 $818,900 $346,400 $472,500
2020 $8,009 $818,900 $346,400 $472,500
2019 $7,919 $818,900 $346,400 $472,500
2018 $7,845 $818,900 $346,400 $472,500
2017 $7,722 $818,900 $346,400 $472,500
2016 $7,381 $813,800 $346,400 $467,400
2015 $7,284 $346,400 $346,400 $0
2014 $4,180 $473,900 $346,400 $127,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    JOHN LAROSA

    Fox Real Estate-Ocean

    JOHN LAROSA
    Section Image
  • Christopher Ferzoco

    Buyer's Agent in 2013

    Christopher Ferzoco

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 408-9817

    21 in this area

    255 Total Sales

    Christopher Ferzoco
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 417565

South Jersey Shore Regional MLS

APN: 08-05406-0000-00001

New Jersey Cape May County Ocean City 08226

5400 Simpson Ave, Ocean City, NJ

This home is located at 5400 Simpson Ave, Ocean City, NJ 08226 since 16 September 2013 and is currently estimated at $1,470,637, approximately $783 per square foot. 5400 Simpson Ave 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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