NOT LISTED FOR SALE

24 Grenada Ln Ocean City, NJ 08226

Estimated Value: $3,260,000 - $4,571,000

4 Beds
3 Baths
2,718 Sq Ft
$1,409/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $1,235,000 $454 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $23,007/month

Highlights

  • 115 Feet of Waterfront
  • Parking available for a boat
  • Water Oriented
  • Ocean City Primary School Rated A
  • Home fronts a lagoon or estuary
  • Deck

About This Home

As of September 2014

One of the Premier Riviera Lagoon Front locations in Ocean City. 115ft of Water Frontage, Open Bay Views, Build Your Dream Home on this 6900 sq foot lot at the end of the Cul-De-Sac. Enough Dock Space to accommodate any size boat. Plenty of Yard Space for a Pool. Enjoy the Protection of the Riviera Lagoons along with the Views of the Open Bay at the Same Time.

Last Agent to Sell the Property

Robert Bond

(609) 289-2916 robertbond@verizon.net RE/MAX At the Shore Listed on: 01/19/2014

RE/MAX At the Shore

Last Buyer's Agent

Robert Bond

(609) 289-2916 robertbond@verizon.net RE/MAX At the Shore Listed on: 01/19/2014

RE/MAX At the Shore

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,957

Year Built

  • Built in 1971

Lot Details

  • 7,980 Sq Ft Lot
  • Lot Dimensions are 70x114
  • Home fronts a lagoon or estuary
  • 115 Feet of Waterfront
  • Cul-De-Sac
  • Southwest Facing Home
  • Level Lot
  • Sprinkler System
  • Front and Side Yard
  • Property is zoned R1

Home Design

  • Pitched Roof
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,718 Sq Ft Home
  • Property has 2 Levels
  • Gas Fireplace
  • Bay Window
  • Family Room
  • Living Room
  • Dining Room
  • Water Views
  • Attic

Kitchen

  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on lower level

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway
  • Parking available for a boat

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property near a lagoon
  • Dock Against Bulkhead
  • Deck
  • Exterior Lighting
  • Porch

Schools

  • Ocean City Elementary And Middle School
  • Ocean City High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ocean City Riviera Subdivision

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 08-02113-00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,957

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1971
  • Remarks Public: One of the Premier Riviera Lagoon Front locations in Ocean City. 115ft of Water Frontage, Open Bay Views, Build Your Dream Home on this 6900 sq foot lot at the end of the Cul-De-Sac. Enough Dock Space to accommodate any size boat. Plenty of Yard Space for a Pool. Enjoy the Protection of the Riviera Lagoons along with the Views of the Open Bay at the Same Time.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Dishwasher, Refrigerator, Disposal
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Stall Shower
  • Window Features: Bay/Bow
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room Count: 12
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: No
  • Laundry Type: Lower Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2718
  • Living Area Sq Ft: 2718
  • Net Sq Ft: 2718.00
  • Price Per Sq Ft: 496.65
  • Above Grade Finished Sq Ft: 2718
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 24

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Access To Pool: No
  • Exterior Features: Sidewalks, Street Lights, Lawn Sprinkler, Exterior Lighting, Boat Storage, Outside Shower
  • Roof: Pitched, Shingle
  • View: Water
  • View: Yes
  • Water Body Type: Lagoon
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 115

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: OCEAN CITY SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: OCEAN CITY
  • High School: OCEAN CITY
  • School District Key: 300200397020
  • Elementary School: OCEAN CITY
  • High School: OCEAN CITY
  • Middle Or Junior School: OCEAN CITY

Lot Info

  • Improvement Assessed Value: 159800.00
  • Land Assessed Value: 1022700.00
  • Lot Features: Cul-De-Sac, Level, Front Yard, Sideyard(s)
  • Lot Size Acres: 0.18
  • Lot Dimensions: 70X114
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7980.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Attached Yn: Yes
  • Zoning: R1

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3801929
  • Tax Annual Amount: 9957.00
  • Assessor Parcel Number: 08-02113-00012
  • Tax Lot: 00012
  • Tax Year: 2013
  • Close Date: 09/30/2014

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2014
Closed on
Sep 30, 2014
Sold by
The Estate Of Lewis H D Ippolito
Bought by
Mancini Frank and Mancini Karen
Seller's Agent
Robert Bond
RE/MAX At the Shore
Buyer's Agent
Robert Bond
RE/MAX At the Shore
List Price
$1,450,000
Sold Price
$1,235,000
Premium/Discount to List
-$215,000
-14.83%
Current Estimated Value
$3,829,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,594,563
Avg. Annual Appreciation
10.76%
Original Mortgage
$926,250
Outstanding Balance
$673,159
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,156,404
Source: Public Records

Range of Values:

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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
Mancini Frank $1,235,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mancini Frank $926,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2014 09/30/14 Sold $1,235,000 -8.5% $454 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
05/04/2014 05/04/14 Price Changed $1,349,900 -3.6% $497 / Sq Ft
04/10/2014 04/10/14 Price Changed $1,399,900 -3.5% $515 / Sq Ft
01/19/2014 01/19/14 For Sale $1,450,000 -- $533 / Sq Ft
Source: Bright 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 $33,169 $2,956,200 $1,022,700 $1,933,500
2024 $33,169 $2,956,200 $1,022,700 $1,933,500
2023 $31,661 $2,956,200 $1,022,700 $1,933,500
2022 $30,419 $2,956,200 $1,022,700 $1,933,500
2021 $22,053 $2,956,200 $1,022,700 $1,933,500
2020 $28,912 $2,956,200 $1,022,700 $1,933,500
2019 $32,138 $3,323,500 $1,022,700 $2,300,800
2018 $9,901 $1,033,500 $1,022,700 $10,800
2017 $9,746 $1,033,500 $1,022,700 $10,800
2016 $10,725 $1,182,500 $1,022,700 $159,800
2015 $10,583 $1,182,500 $1,022,700 $159,800
2014 $10,430 $1,182,500 $1,022,700 $159,800
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Robert Bond

    RE/MAX

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Map

Source: Bright MLS

MLS Number: 1000493237

Bright MLS

APN: 08-02113-0000-00012

New Jersey Cape May County Ocean City 08226

24 Grenada Ln, Ocean City, NJ

This home is located at 24 Grenada Ln, Ocean City, NJ 08226 since 19 January 2014 and is currently estimated at $3,829,563, approximately $1,408 per square foot. This property was built in 1971. 24 Grenada Ln 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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