NOT LISTED FOR SALE

5525 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $994,439 - $1,184,000

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

Last Sold June 12, 2014

Last sale price $505,000

Est. 118% increase in value since last sale

Current estimated payment $6,314/month

92 Days on Market

Highlights

  • Furnished
  • Ground Level Unit
  • Eat-In Kitchen
  • Ocean City Primary School Rated A
  • Outdoor Community Showers
  • Building Patio

About This Home

As of June 2014

Immaculate first floor 4 bedroom, 2 bath condominium with all the bells and whistles. This condo sits on an oversized lot with plenty of off street parking, private garage, outside shower, and front & rear decks. Located in the heart of the southend with meadow views just steps to 55th Street dining and the beach. Great rental property with rental history or place to call home at the beach. Offer furnished and equipped ready for you to enjoy.

Last Agent to Sell the Property

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 02/17/2014

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Co-Listed By

Emily Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Joseph Babcock

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,561

Year Built

  • Built in 2003

Lot Details

  • 4,617

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch
  • Community Storage Space

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,561

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Year Built: 2003
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: One
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Eat In Kitchen
  • Common Area Features: Enclsd/Covered Porch, Outside Shower, Patio, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: 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: Fireplace(s), Kitchen Center Island, Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2014
Closed on
Jun 12, 2014
Sold by
Wwb Co Llc
Bought by
Fodera Leonard and Fodera Mary Lou
Seller's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Joseph Babcock
BHHS FOX and ROACH-Simpson OC
List Price
$505,000
Sold Price
$505,000
Current Estimated Value
$1,099,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,110
Avg. Annual Appreciation
7.11%
Original Mortgage
$300,000
Outstanding Balance
$216,243
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$882,867

Purchase Details

Closed on
Apr 28, 2006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.4%
Mortgage Type
Fannie Mae Freddie Mac
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
Fodera Leonard $505,000 None Available
-- $690,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fodera Leonard $300,000
Previous Owner -- $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2014 06/12/14 Sold $505,000 0.0% --
05/20/2014 05/20/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $505,000 -- --
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 $5,561 $495,600 $248,000 $247,600
2024 $5,561 $495,600 $248,000 $247,600
2023 $5,308 $495,600 $248,000 $247,600
2022 $5,100 $495,600 $248,000 $247,600
2021 $4,792 $495,600 $248,000 $247,600
2020 $4,847 $495,600 $248,000 $247,600
2019 $4,792 $495,600 $248,000 $247,600
2018 $4,748 $495,600 $248,000 $247,600
2017 $4,674 $495,600 $248,000 $247,600
2016 $4,495 $495,600 $248,000 $247,600
2015 $4,436 $495,600 $248,000 $247,600
2014 -- $495,600 $248,000 $247,600
Source: Public Records

Agents Affiliated with this Home

  • Burton Wilkins

    Seller's Agent in 2014

    Burton Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2500

    92 in this area

    188 Total Sales

    Burton Wilkins
    Section Image
  • Emily Wilkins

    Seller Co-Listing Agent in 2014

    Emily Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2029

    21 in this area

    63 Total Sales

    Emily Wilkins
    Section Image
  • Joseph Babcock

    Buyer's Agent in 2014

    Joseph Babcock

    BHHS Fox & Roach

    (609) 513-2519

    29 in this area

    32 Total Sales

    Joseph Babcock
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 424320

South Jersey Shore Regional MLS

APN: 08-05505-0000-00006-0000-C1

New Jersey Cape May County Ocean City 08226

5525 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 5525 Simpson Ave Unit 1, Ocean City, NJ 08226 since 17 February 2014 and is currently estimated at $1,099,110. This property was built in 2003. 5525 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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