NOT LISTED FOR SALE

1 Read Ave Unit 104 Dewey Beach, DE 19971

Estimated Value: $129,396 - $341,000

1 Bed
1 Bath
379 Sq Ft
$1,128/mo HOA Fee

Last Sold June 02, 2017

Last sale price $119,900 $316 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,339/month

275 Days on Market

Highlights

  • Concierge
  • Ocean View
  • Water Access
  • Rehoboth Elementary School Rated A
  • Beach
  • Furnished

About This Home

As of June 2017

Own your own Oceanfront condo. To be completely renovated this spring with all new furniture and appliances without any assessment to owners. Direct oceanfront unit with fantastic views in Dewey Beach. Use it yourself all year, as an investment property or both. The Surf Club will handle your rental when you are not in residence. Condo fees include housekeeping/ cleaning, taxes, flood insurance, water, sewer, utilities, repairs, cable TV, internet, and maintenance for carefree living. Walk to the beach right outside your door or use the community pool. Everything that Dewey Beach has to offer is a short walk away.

Last Listed By

Jim Madgey

Long & Foster Real Estate, Inc. License #RS-0023043 Listed on: 07/10/2016

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $446

Year Built

  • Built in 1955

HOA Fees

  • $1,128 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Piling Construction
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 379 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Combination Kitchen and Living
  • Ocean Views

Kitchen

  • Cooktop
  • Microwave

Flooring

  • Carpet
  • Tile or Brick

Parking

  • Covered Parking
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.18-194.00-104

Community Details

Overview

  • Low-Rise Condominium
  • The Surf Club Community

Amenities

  • Concierge
  • Laundry Facilities

Recreation

  • Beach
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$446

Year Built

Built in 1955

Lot Details

0

HOA Fees

$1,128 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1955
  • Remarks Public: Own your own Oceanfront condo. To be completely renovated this spring with all new furniture and appliances without any assessment to owners. Direct oceanfront unit with fantastic views in Dewey Beach. Use it yourself all year, as an investment property or both. The Surf Club will handle your rental when you are not in residence. Condo fees include housekeeping/ cleaning, taxes, flood insurance, water, sewer, utilities, repairs, cable TV, internet, and maintenance for carefree living. Walk to the beach right outside your door or use the community pool. Everything that Dewey Beach has to offer is a short walk away.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Microwave, Refrigerator
  • Entry Floor: 1
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Combination Kitchen/Living, Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Pilings
  • Level Count: 3
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 379
  • Living Area Sq Ft: 379
  • Net Sq Ft: 379.00
  • Price Per Sq Ft: 316.36
  • Above Grade Finished Sq Ft: 379
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete
  • Construction Completed: Yes
  • Roof: Flat
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Garage Features: Covered Parking
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Type: Wall Unit
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 13536.00
  • HOA Condo Co-Op Amenities: Beach, Cable, Concierge, Laundry Facilities, Pool - Outdoor, Swimming Pool
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Size Units: Square Feet
  • Zoning Description: TOWN CODES

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 18903.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5204889
  • Assessor Parcel Number: 334-20.18-194.00-104
  • County Tax Payment Frequency: Annually
  • Close Date: 06/02/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2016
Closed on
Jun 2, 2017
Sold by
Madgey James J and Bywalski Theodore F
Bought by
Mcdowell Dale A
Seller's Agent
Jim Madgey
Long & Foster Real Estate, Inc.
Buyer's Agent
CHAD GWINN
Iron Valley Real Estate Premier
List Price
$119,900
Sold Price
$119,900
Total Days on Market
275
Current Estimated Value
$211,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,949
Avg. Annual Appreciation
7.44%
Original Mortgage
$83,930
Outstanding Balance
$70,643
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$141,206

Purchase Details

Closed on
Jun 17, 2015
Sold by
Ssb Realty Holdings Llc
Bought by
Madgey James J and Bywalski Theodore F

Purchase Details

Closed on
Jun 17, 2014
Sold by
George M George M
Bought by
Ssb Realty Holdings Llc

Purchase Details

Closed on
Jun 9, 2014
Sold by
George M George M
Bought by
Ssb Realty Holdings Llc

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
Mcdowell Dale A $119,867 None Available
Madgey James J $80,000 None Available
Ssb Realty Holdings Llc -- --
Ssb Realty Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdowell Dale A $83,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2017 06/02/17 Sold $119,900 0.0% $316 / Sq Ft
04/11/2017 04/11/17 Pending -- -- --
07/10/2016 07/10/16 For Sale $119,900 -- $316 / 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
2024 $446 $9,050 $0 $9,050
2023 $446 $9,050 $0 $9,050
2022 $430 $9,050 $0 $9,050
2021 $426 $9,050 $0 $9,050
2020 $425 $9,050 $0 $9,050
2019 $426 $9,050 $0 $9,050
2018 $397 $9,050 $0 $0
2017 $381 $9,050 $0 $0
2016 $362 $9,050 $0 $0
2015 $345 $9,050 $0 $0
2014 $343 $9,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001019440

Bright MLS

APN: 334-20.18-194.00-104