NOT LISTED FOR SALE

1 Read St 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

  • Community Pool
  • Living Room
  • En-Suite Primary Bedroom
  • Rehoboth Elementary School Rated A
  • Tile or Brick Flooring
  • Ceiling Fan

About This Home

As of June 2017

Own your own Oceanfront condo. Direct oceanfront unit with fantastic views in Dewey Beach. Use it yourself all year, as an investment property or both. The Motel 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. 30 year financing now available.

Last Listed By

Jim Madgey

Long & Foster Real Estate, Inc. License #TREND:60063412 Listed on: 07/10/2016

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1956

Lot Details

  • Property is in good condition

HOA Fees

  • $1,128 Monthly HOA Fees

Interior Spaces

  • 379 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Living Room
  • Dining Area

Flooring

  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • Shared Driveway
  • Parking Lot
  • Rented or Permit Required

Utilities

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

Listing and Financial Details

  • Tax Lot -194.00-104
  • Assessor Parcel Number 3-34-20.18-194.00-104

Community Details

Overview

  • Association fees include pool(s), common area maintenance, exterior building maintenance, appliance maintenance, snow removal, trash, electricity, heat, water, sewer, parking fee, insurance

Recreation

  • Community Pool

Additional Features

  • Laundry Facilities
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1956

Lot Details

0

HOA Fees

$1,128 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Ownership: Condominium
  • Exclusions: Furniture Is Property Of The Surf Club
  • New Construction: No
  • Year Built: 1956
  • Remarks Public: Own your own Oceanfront condo. Direct oceanfront unit with fantastic views in Dewey Beach. Use it yourself all year, as an investment property or both. The Motel 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. 30 year financing now available.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring Type: Fully Carpeted, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Sprinkler System, Dining Area
  • Fireplace: No
  • Floors In Unit Count: 1
  • Levels Count: 3+
  • Room List: Living Room, Primary Bedroom, Kitchen
  • Basement: No
  • Laundry Type: Shared
  • 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
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required, Shared Driveway
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1128.00
  • HOA Fee Frequency: Monthly
  • Additional Association Fees: Hot Water
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Swimming Pool
  • HOA Condo Co-Op Fee Includes: Pool(s), Common Area Maintenance, Ext Bldg Maint, Appliance Maintenance, Snow Removal, Trash, Electricity, Heat, Water, Sewer, Parking Fee, Insurance
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Above Ground

Schools

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

Lot Info

  • Improvement Assessed Value: 74150.00
  • Land Use Code: RC
  • Lot Size Units: Square Feet
  • Property Condition: Good
  • Zoning: RC

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5204885
  • Tax Annual Amount: 5153.00
  • Assessor Parcel Number: 3-34-20.18-194.00-104
  • Tax Lot: -194.00-104
  • Tax Year: 2016
  • 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
JOSEPH MAGGIO
JOE MAGGIO REALTY
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

Listed on
Nov 29, 2014
Closed on
Jun 17, 2015
Sold by
Ssb Realty Holdings Llc
Bought by
Madgey James J and Bywalski Theodore F
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Jim Madgey
Long & Foster Real Estate, Inc.
List Price
$80,000
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.93%

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
Not Available
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 +49.9% $316 / Sq Ft
06/17/2015 06/17/15 Sold $80,000 0.0% $211 / Sq Ft
06/04/2015 06/04/15 Pending -- -- --
11/29/2014 11/29/14 For Sale $80,000 -- $211 / 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: 1001703082

Bright MLS

APN: 334-20.18-194.00-104