NOT LISTED FOR SALE

5532 Simpson Ave Unit 1st FL Ocean City, NJ 08226

Estimated Value: $986,949 - $1,173,000

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

Last Sold February 20, 2015

Last sale price $530,000

Est. 107% increase in value since last sale

Current estimated payment $6,305/month

32 Days on Market

Highlights

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

About This Home

As of February 2015

Rare Find - South of 55th Street. Features include 4 Bedrooms, 2 Full Baths, hardwood flooring and an island kitchen with custom tile backsplash. Tastefully decorated for "At The Beach" living. Spacious front and rear decks with marsh views for morning and afternoon enjoyment. Gas fireplace, economical gas heat & central air complete the interior. A short walk to the beach - this unit also includes an outdoor shower, garage, storage space and additional parking on the alley.

Last Agent to Sell the Property

JOSEPH SHEPPARD

BHHS FOX and ROACH-Simpson OC Listed on: 12/16/2014

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Michael Monihan

MONIHAN REALTY License #7817669

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,625

Year Built

  • Built in 2004

Lot Details

  • 4,617

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Dining Area

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Additional Features

  • Association fees include insurance
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,625

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Year Built: 2004
  • Age: 6 To 10 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Family Room, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Utilities

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

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, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2014
Closed on
Feb 20, 2015
Sold by
Mehaffey James P and Mehaffey Kim
Bought by
Dehel Francis E and Rosica Elizabeth A
Seller's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Michael Monihan
MONIHAN REALTY
List Price
$530,000
Sold Price
$530,000
Current Estimated Value
$1,096,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,487
Avg. Annual Appreciation
7.07%
Original Mortgage
$417,000
Outstanding Balance
$318,208
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$778,279

Purchase Details

Closed on
Apr 11, 2005
Sold by
Wilson Thomas and Wilson Leslie
Bought by
Mehaffey James P and Mehaffey Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2004
Sold by
Menamin Thomas E Mc
Bought by
Mehaffey James T and Mehaffey Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,900
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage
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
Dehel Francis E $530,000 Surety Title Company Llc
Mehaffey James P -- --
Mehaffey James T $519,900 --
Mehaffey James T $519,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dehel Francis E $417,000
Previous Owner Mehaffey James P $90,000
Previous Owner Mehaffey James T $329,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2015 02/20/15 Sold $530,000 0.0% --
01/17/2015 01/17/15 Pending -- -- --
12/16/2014 12/16/14 For Sale $530,000 -- --
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 $5,625 $501,300 $248,000 $253,300
2024 $5,625 $501,300 $248,000 $253,300
2023 $5,369 $501,300 $248,000 $253,300
2022 $5,158 $501,300 $248,000 $253,300
2021 $3,740 $501,300 $248,000 $253,300
2020 $4,903 $501,300 $248,000 $253,300
2019 $4,848 $501,300 $248,000 $253,300
2018 $4,802 $501,300 $248,000 $253,300
2017 $4,727 $501,300 $248,000 $253,300
2016 $4,547 $501,300 $248,000 $253,300
2015 $4,487 $501,300 $248,000 $253,300
2014 $4,421 $501,300 $248,000 $253,300
Source: Public Records

Agents Affiliated with this Home

  • JOSEPH SHEPPARD

    Seller's Agent in 2015

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    76 in this area

    94 Total Sales

    JOSEPH SHEPPARD
    Section Image
  • Michael Monihan

    Buyer's Agent in 2015

    Michael Monihan

    MONIHAN REALTY

    (609) 399-0998

    7 in this area

    7 Total Sales

    Michael Monihan
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 440332

South Jersey Shore Regional MLS

APN: 08-05506-0000-00018-0000-C1

New Jersey Cape May County Ocean City 08226

5532 Simpson Ave Unit 1st FL, Ocean City, NJ

This home is located at 5532 Simpson Ave Unit 1st FL, Ocean City, NJ 08226 since 16 December 2014 and is currently estimated at $1,096,487. This property was built in 2004. 5532 Simpson Ave Unit 1st FL 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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