NOT LISTED FOR SALE

1 Read Ave Unit 303D Dewey Beach, DE 19971

-- Bed
1 Bath
476 Sq Ft
$415/mo HOA Fee

Last Sold November 22, 2024

Last sale price $82,000 $172 Per Sq Ft

142 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Ocean View
  • Public Water Access
  • Rehoboth Elementary School Rated A
  • Beach
  • Public Beach

About This Home

As of November 2024

Don't wait because Now is the perfect time to seize this opportunity! Imagine yourself on the ocean, enjoying one of the best views of the Beach.
Become a part owner of this beautiful condominium efficiency and experience the benefits that come with ownership.

As a part owner, you will have the flexibility to use your unit for one full week every month. Whether you choose to use it yourself or let the hotel book it, the choice is yours. The revenue generated from this week will go into a rental pool, which will include revenue from all ten of the ocean front units. The only days you won't receive revenue during your monthly week are the days you decide to use it personally.

This waterfront property offers the convenience of restaurants and, live entertainment all close by, including the Jolley Trolley. Take advantage of this transportation option to explore Rehoboth and save on parking expenses. I cannot stress enough what an incredible opportunity this is, so don't hesitate. Your dream beachfront property awaits you! Contact us for more information, and financial details are available upon request.

Last Agent to Sell the Property

Maria Bennett

(302) 331-8882 mariacbennettRealtor@gmail.com Iron Valley Real Estate at The Beach License #RB-0020874 Listed on: 06/13/2024

Iron Valley Real Estate at The Beach

Last Buyer's Agent

Jim Grear

(302) 567-4252 jmgrear222@gmail.com Coldwell Banker Realty License #RS0026182

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $446

Year Built

  • Built in 1988

Lot Details

  • 100 Feet of Waterfront
  • Public Beach

HOA Fees

  • $415 Monthly HOA Fees

Parking

  • 10 Assigned Parking Garage Spaces

Home Design

  • Fractional Ownership
  • Coastal Architecture
  • Entry on the 3rd floor
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1 Full Bathroom
  • 476 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Ocean Views

Kitchen

  • Cooktop
  • Microwave

Outdoor Features

  • Outdoor Shower
  • Public Water Access
  • Property is near an ocean
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Risk

Utilities

  • Central Air
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.18-194.00-303

Community Details

Overview

  • Low-Rise Condominium
  • The Surf Club Community

Recreation

  • Beach
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$446

Year Built

Built in 1988

Lot Details

0

HOA Fees

$415 per month

Parking

10

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fractional
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-06-14
  • Federal Flood Zone: Yes
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Remarks Public: Don't wait because Now is the perfect time to seize this opportunity! Imagine yourself on the ocean, enjoying one of the best views of the Beach. Become a part owner of this beautiful condominium efficiency and experience the benefits that come with ownership. As a part owner, you will have the flexibility to use your unit for one full week every month. Whether you choose to use it yourself or let the hotel book it, the choice is yours. The revenue generated from this week will go into a rental pool, which will include revenue from all ten of the ocean front units. The only days you won't receive revenue during your monthly week are the days you decide to use it personally. This waterfront property offers the convenience of restaurants and, live entertainment all close by, including the Jolley Trolley. Take advantage of this transportation option to explore Rehoboth and save on parking expenses. I cannot stress enough what an incredible opportunity this is, so don't hesitate. Your dream beachfront property awaits you! Contact us for more information, and financial details are available upon request.
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop, Microwave, Refrigerator, Surface Unit
  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 476
  • Living Area Sq Ft: 476
  • Price Per Sq Ft: 188.87
  • Above Grade Finished Sq Ft: 476
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Exterior Features: Bbq Grill, Exterior Lighting, Outside Shower, Street Lights
  • View: Ocean
  • Water Access Features: Public Beach, Public Access
  • Water Access: Yes
  • Water Body Name: Dewey Beach
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage Spaces: 10.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 415.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Beach, Pool - Outdoor, Reserved/Assigned Parking, Swimming Pool
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • School Tax: 405.00
  • Tax Annual Amount: 446.00
  • Assessor Parcel Number: 334-20.18-194.00-303
  • Tax Total Finished Sq Ft: 476
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 11/22/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $82,000 -8.8% $172 / Sq Ft
11/22/2024 11/22/24 For Sale $89,900 0.0% $189 / Sq Ft
11/03/2024 11/03/24 Pending -- -- --
09/16/2024 09/16/24 Price Changed $89,900 -5.4% $189 / Sq Ft
06/13/2024 06/13/24 For Sale $95,000 -- $200 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Maria Bennett

    Seller's Agent in 2024

    Maria Bennett

    Iron Valley Real Estate at The Beach

    (302) 331-8882

    6 in this area

    64 Total Sales

    Maria Bennett
    Section Image

  • J

    Buyer's Agent in 2024

    Jim Grear

    Coldwell Banker Realty

    (302) 567-4252

    3 in this area

    35 Total Sales

    Jim Grear
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2064232

Bright MLS
Delaware Sussex County Dewey Beach 19971

1 Read Ave Unit 303D, Dewey Beach, DE

This home is located at 1 Read Ave Unit 303D, Dewey Beach, DE 19971 since 13 June 2024. This property was built in 1988. 1 Read Ave Unit 303D is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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