NOT LISTED FOR SALE

16 Grenada Ln Ocean City, NJ 08226

Estimated Value: $3,023,068 - $3,329,000

5 Beds
3 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold September 29, 2021

Last sale price $2,350,000

Est. 36% increase in value since last sale

Current estimated payment $18,530/month

4 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Deck
  • Ocean City Primary School Rated A
  • Home fronts a lagoon or estuary
  • Family Room with Fireplace

About This Home

As of September 2021

Come see the home you always wanted in the Riviera, Ocean City's elite bayfront neighborhood! This wonderful home has an inviting open floor plan that is very conducive to the views, entertaining and bayfront living. Lovely hardwood floors flow throughout the downstairs into the great room that is filled with windows looking out on the coveted Grenada lagoon. A newer kitchen with stainless steel appliance, tile backsplash, granite countertops and a large center island. All five bedrooms have great size, especially the Master with a deck that overlooks the boat slips and lagoon. This gorgeous home is tastefully decorated with a decorator's touch. The backyard is nicely landscaped with plenty of room for gatherings and boasts a 32'x14' deck that sits over the water! Sellers are looking for a end of September closing. This one won't last...come check it out!

Last Agent to Sell the Property

Kevin Mcgonigle

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 06/25/2021

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Christine Robbins

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,124

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 50x100
  • Home fronts a lagoon or estuary
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Shades
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Storage
  • Partially Finished Basement
  • Crawl Space
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Boat Slip
  • Deck

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,124

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 21 To 25 Years
  • Also Includes: Blinds, Curtains, Drapes, Shades
  • Lvt Date: 06/25/2021
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Family Room, Gas Log
  • Flooring: Hardwood, W/W Carpet
  • Interior Amenities: Carbon Monoxide Detector, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Bedroom 5: On Level: Main
  • Full Bathrooms: 3
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Upper
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space, Partially Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Storage Attic

Exterior Features

  • Outside Features: Boat Slip, Deck, Outside Shower
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Bay Front, Bulkheaded, Cul-De-Sac, Docks, Lagoon Front
  • Lot Dimensions: 50x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Sep 2, 2021
Sold by
Magness Thomas W and Magness Michele
Bought by
Senderling James Jay and Senderling Jeanette
Seller's Agent
Kevin Mcgonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Christine Robbins
BHHS FOX and ROACH-Simpson OC
List Price
$2,100,000
Sold Price
$2,350,000
Premium/Discount to List
$250,000
11.9%
Current Estimated Value
$3,184,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$834,767
Avg. Annual Appreciation
8.08%

Purchase Details

Listed on
Aug 18, 2013
Closed on
Oct 29, 2013
Sold by
Barrett Michael P
Bought by
Magness Thomas W and Magness Michele
Seller's Agent
Kurt Feinstein
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Kevin Mcgonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$1,380,000
Sold Price
$1,380,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$980,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 8, 2011
Sold by
Barrett Michael P and Barrett Kathleen M
Bought by
Barrett Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2009
Sold by
Thomas John P and Thomas Gloria
Bought by
Barrett Michael P and Barrett Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.71%
Mortgage Type
New Conventional
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
Senderling James Jay $2,350,000 Teitler Avery S
Magness Thomas W $1,380,000 Old Republic National Title
Barrett Michael P -- None Available
Barrett Michael P $1,300,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magness Thomas W $980,000
Previous Owner Barrett Michael P $975,000
Previous Owner Barrett Michael P $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $2,350,000 +11.9% --
06/29/2021 06/29/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $2,100,000 +52.2% --
10/29/2013 10/29/13 Sold $1,380,000 0.0% --
09/19/2013 09/19/13 Pending -- -- --
08/18/2013 08/18/13 For Sale $1,380,000 -- --
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 $14,124 $1,283,200 $770,000 $513,200
2024 $14,124 $1,258,800 $770,000 $488,800
2023 $13,482 $1,258,800 $770,000 $488,800
2022 $11,792 $1,146,000 $770,000 $376,000
2021 $11,517 $1,146,000 $770,000 $376,000
2020 $11,208 $1,146,000 $770,000 $376,000
2019 $11,082 $1,146,000 $770,000 $376,000
2018 $10,979 $1,146,000 $770,000 $376,000
2017 $10,807 $1,146,000 $770,000 $376,000
2016 $10,394 $1,146,000 $770,000 $376,000
2015 $10,257 $1,146,000 $770,000 $376,000
2014 $10,108 $1,146,000 $770,000 $376,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 552318

South Jersey Shore Regional MLS

APN: 08-02113-0000-00008