$80,000
SOLD JUN 17, 2015

1 Read St Unit 104 Dewey Beach, DE 19971

-- Bed
1 Bath
379 Sq Ft
-- Built

Recently Sold

$211 Per Sq Ft

187 Days on Market

Highlights

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

About This Home

As of June 2017

Enjoy Carefree Beach Life! Oceanfront Living With Option To Rent, or Enjoy Year Round! Total Of 4 Shares of Oceanfront Efficiency Unit With Unbeatable Views! Fees Cover Housekeeping/Cleaning, Linens, Surf Club Parking Permit, Taxes, and Guests Enjoy Complimentary YMCA Pass! What More Could You Need?

Last Agent to Sell the Property

Bryce Lingo

Jack Lingo - Rehoboth License #RA-0001746 Listed on: 11/29/2014

Jack Lingo - Rehoboth

Co-Listed By

Cheryl Lynn Crowe

Jack Lingo - Rehoboth License #RS-0020914

Last Buyer's Agent

Jim Madgey

Long & Foster Real Estate, Inc. License #RS-0023043

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $446

Parking

  • Covered Parking

Home Design

  • Timeshare
  • Flat Roof Shape
  • Piling Construction
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • Property has 1 Level
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Combination Kitchen and Living
  • Ocean Views

Kitchen

  • Cooktop
  • Microwave

Flooring

  • Carpet
  • Tile or Brick

Outdoor Features

  • Private Pool
  • Water Access
  • Property is near an ocean

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • The Surf Club Community

Amenities

  • Concierge
  • Laundry Facilities

Recreation

  • Beach
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$446

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Timeshare
  • Historic: No
  • New Construction: No
  • Remarks Public: Enjoy Carefree Beach Life! Oceanfront Living With Option To Rent, or Enjoy Year Round! Total Of 4 Shares of Oceanfront Efficiency Unit With Unbeatable Views! Fees Cover Housekeeping/Cleaning, Linens, Surf Club Parking Permit, Taxes, and Guests Enjoy Complimentary YMCA Pass! What More Could You Need?
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Cooktop, Microwave, Refrigerator
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Combination Kitchen/Living, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated
  • Fireplace: No
  • Foundation Details: Pilings
  • Level Count: 1
  • Levels Count: 1
  • Basement: No
  • Street Number Modifier: 1

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • 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 - Personal, Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Garage Features: Covered Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 13536.00
  • HOA Condo Co-Op Amenities: Beach, Concierge, Hot Tub, Laundry Facilities, Pool - Outdoor, Swimming Pool
  • HOA: No

Schools

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

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 334-20.18-194.00-104
  • County Tax Payment Frequency: Annually
  • Close Date: 06/17/2015

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
Current Estimated Value
$204,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,149
Avg. Annual Appreciation
7.21%
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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $119,867 None Available
Deed $80,000 None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $83,930 New Conventional
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: 1000987516

Bright MLS

APN: 334-20.18-194.00-104