NOT LISTED FOR SALE

5536 Simpson Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $986,676 - $1,176,000

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

Last Sold April 29, 2019

Last sale price $560,000

Est. 96% increase in value since last sale

Current estimated payment $6,313/month

32 Days on Market

Highlights

  • Furnished
  • Ground Level Unit
  • Laundry Room
  • Ocean City Primary School Rated A
  • 1 Car Attached Garage
  • Entrance Foyer

About This Home

As of April 2019

Never rented Southend gem! Well kept 13 year old 1st floor 4 bedroom, 2 bath, 1-car-garage property situated on a 40x115 lot. Picture yourself drinking coffee or reading the newspaper on the large front deck with plenty of room for your favorite outdoor furniture. Beautiful white kitchen cabinetry, granite counters, center island with seating, dining area with bay window, spacious Living Room with gas fireplace, ceiling fan. Master suite boasts private rear deck, bath with double sinks and shower. All bedrooms offer ceiling fans and closet space. Main bath with bath/shower combination. Fully furnished! Gas heat, central air, private enclosed outdoor shower, garage with storage, 9 ft ceilings, Andersen Windows, wood blinds. Laundry with washer and dryer. Walk to beach, shops, restaurants, Corson's Inlet. Short drive to Ocean City boardwalk or downtown, Strathmere/Sea Isle entertainment. Excellent rental income potential.

Last Agent to Sell the Property

JOSEPH WILHELM JR

BHHS FOX and ROACH-109 34th OC Listed on: 02/06/2019

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Adam D'Annunzio

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,618

Year Built

  • Built in 2005

Lot Details

  • 4,617

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,618

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Furnished
  • Lvt Date: 02/06/2019
  • Year Built: 2005
  • Age: 11 To 15 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, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Laundry/Utility Room

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Foyer, Kitchen Center Island, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2005
Sold by
Bf Ventures Llc
Bought by
Pellegrini Gaspare and Pellegrini Mary
Current Estimated Value
$1,098,169

Purchase Details

Closed on
Feb 27, 2004
Sold by
Weber George T
Bought by
Bf Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
5.71%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pellegrini Gaspare $625,000 --
Bf Ventures Llc $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bf Ventures Llc $772,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2019 04/29/19 Sold $560,000 -1.7% --
03/10/2019 03/10/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $569,900 -- --
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 $5,618 $500,700 $248,000 $252,700
2024 $5,618 $500,700 $248,000 $252,700
2023 $5,363 $500,700 $248,000 $252,700
2022 $5,152 $500,700 $248,000 $252,700
2021 $3,735 $500,700 $248,000 $252,700
2020 $4,897 $500,700 $248,000 $252,700
2019 $4,842 $500,700 $248,000 $252,700
2018 $4,797 $500,700 $248,000 $252,700
2017 $4,722 $500,700 $248,000 $252,700
2016 $4,541 $500,700 $248,000 $252,700
2015 $4,481 $500,700 $248,000 $252,700
2014 $4,416 $500,700 $248,000 $252,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    JOSEPH WILHELM JR

    BHHS Fox & Roach

    9 in this area

    12 Total Sales

    JOSEPH WILHELM JR
    Section Image
  • Adam D'Annunzio

    Buyer's Agent in 2019

    Adam D'Annunzio

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 225-4975

    58 in this area

    137 Total Sales

    Adam D'Annunzio
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 517324

South Jersey Shore Regional MLS

APN: 08-05506-0000-00019-0000-C1

New Jersey Cape May County Ocean City 08226

5536 Simpson Ave Unit 1, Ocean City, NJ

This home is located at 5536 Simpson Ave Unit 1, Ocean City, NJ 08226 since 06 February 2019 and is currently estimated at $1,098,169. This property was built in 2005. 5536 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes