NOT LISTED FOR SALE

5425 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,010,132 - $1,106,000

4 Beds
2.5 Baths
-- Sq Ft
6,882 Sq Ft Lot

Last Sold January 07, 2022

Last sale price $712,000

Est. 46% increase in value since last sale

Current estimated payment $5,944/month

Highlights

  • Wood Flooring
  • Furnished
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Outdoor Community Showers

About This Home

As of January 2022

South end Simpson Ave first floor on a huge 60x115 lot. This is the one you've been waiting for. Great location, good size unit, 4 bedrooms. Two large baths with double bowl sinks,"jack and jill" bath serving two bedrooms, harwood floors in great room and hallway. Roof and HVAC have been replaced within the last few of years, garage and storage room, separate outside showers. plenty of parking. See Associated docs

Last Agent to Sell the Property

Scott Kirkpatrick

BHHS FOX and ROACH-Simpson OC Listed on: 11/12/2021

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

John Moore

WEICHERT REALTORS ASBURY GROUP-OC

WEICHERT REALTORS ASBURY GROUP-OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,108

Year Built

  • Built in 2001

Lot Details

  • 6,882

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Overview

  • Association fees include insurance

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,108

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Furnished
  • Estate: Yes
  • Lvt Date: 11/12/2021
  • Year Built: 2001
  • Age: 16 To 20 Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Great Room
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance
  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Jan 7, 2022
Sold by
Janice Visco
Bought by
Brusch1 Robert W and Brusci Linda L
Seller's Agent
Scott Kirkpatrick
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
John Moore
WEICHERT REALTORS ASBURY GROUP-OC
List Price
$709,900
Sold Price
$712,000
Premium/Discount to List
$2,100
0.3%
Current Estimated Value
$1,040,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,783
Avg. Annual Appreciation
10.62%
Original Mortgage
$462,000
Outstanding Balance
$425,846
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$614,937

Purchase Details

Closed on
Jul 17, 2001
Sold by
Kimco Properties Llc
Bought by
Rosica Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,500
Interest Rate
7.2%
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
Brusch1 Robert W $712,000 Title Company Of Jersey
Brusch1 Robert W $712,000 Title Company Of Jersey
Rosica Thomas $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brusch1 Robert W $462,000
Closed Brusch1 Robert W $462,000
Previous Owner Rosica Thomas $223,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2022 01/07/22 Sold $712,000 +0.3% --
12/01/2021 12/01/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $709,900 -- --
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 $5,108 $455,300 $208,400 $246,900
2024 $5,108 $455,300 $208,400 $246,900
2023 $4,876 $455,300 $208,400 $246,900
2022 $4,685 $455,300 $208,400 $246,900
2021 $3,397 $455,300 $208,400 $246,900
2020 $4,453 $455,300 $208,400 $246,900
2019 $4,403 $455,300 $208,400 $246,900
2018 $4,362 $455,300 $208,400 $246,900
2017 $4,293 $455,300 $208,400 $246,900
2016 $4,130 $455,300 $208,400 $246,900
2015 $4,075 $455,300 $208,400 $246,900
2014 $4,016 $455,300 $208,400 $246,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Scott Kirkpatrick

    BHHS Fox & Roach

    (609) 602-0500

    25 in this area

    31 Total Sales

    Scott Kirkpatrick
    Section Image
  • John Moore

    Buyer's Agent in 2022

    John Moore

    Weichert Corporate

    (609) 705-3360

    27 in this area

    65 Total Sales

    John Moore
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 557397

South Jersey Shore Regional MLS

APN: 08-05405-0000-00017-0000-C1

New Jersey Cape May County Ocean City 08226

5425 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 5425 Simpson Ave Unit 1, Ocean City, NJ 08226 since 12 November 2021 and is currently estimated at $1,040,783. This property was built in 2001. 5425 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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