$49,500
SOLD OCT 21, 2022

1 Read St Unit 114 Dewey Beach, DE 19971

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

Recently Sold

$140 Per Sq Ft

29% Below List Price

52 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Access to Tidal Water
  • 0.44 Acre Lot
  • Rehoboth Elementary School Rated A
  • Sandy Beach
  • Open Floorplan

About This Home

As of October 2022

Own a piece of oceanfront property for a fraction of the cost! Owning a share of unit 114 allows you to use it yourself or rent it out one week per month. The Surf Club is unique as the HOA fee covers EVERYTHING! The fee covers taxes, insurance, electric, sewer, water, internet, cable, furniture, silverware, plates, glassware, appliance repair/replacement, onsite management, rentals, etc. It truly is a place to just bring your suitcase and relax. Wake up and walk out to the beach, use the community pool, have a bbq with friends or walk to all that Dewey has to offer!

Last Agent to Sell the Property

DENISE CAIN

Monument Sotheby's International Realty Listed on: 08/12/2022

Monument Sotheby's International Realty

Last Buyer's Agent

Maria Bennett

Iron Valley Real Estate at The Beach

Iron Valley Real Estate at The Beach

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1955 | Remodeled in 2018

Lot Details

  • 100 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • No Units Located Below
  • Two or More Common Walls
  • Property is in excellent condition

HOA Fees

  • $415 Monthly HOA Fees

Home Design

  • Piling Construction

Interior Spaces

  • 1 Full Bathroom
  • 354 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Combination Dining and Living Room
  • Kitchenette

Parking

  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Outdoor Grill

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Wall Furnace
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Doors swing in
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.18-194.00-114A

Community Details

Overview

  • Association fees include a/c unit(s), all ground fee, appliance maintenance, cable TV, common area maintenance, custodial services maintenance, electricity, exterior building maintenance, heat, high speed internet, insurance, laundry, management, pool(s), reserve funds, sewer, snow removal, standard phone service, taxes, trash, water
  • Low-Rise Condominium
  • The Surf Club Community
  • Property Manager

Amenities

  • Picnic Area
  • Common Area
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1955 | Remodeled in 2018

Lot Details

0

HOA Fees

$415 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
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1955
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Own a piece of oceanfront property for a fraction of the cost! Owning a share of unit 114 allows you to use it yourself or rent it out one week per month. The Surf Club is unique as the HOA fee covers EVERYTHING! The fee covers taxes, insurance, electric, sewer, water, internet, cable, furniture, silverware, plates, glassware, appliance repair/replacement, onsite management, rentals, etc. It truly is a place to just bring your suitcase and relax. Wake up and walk out to the beach, use the community pool, have a bbq with friends or walk to all that Dewey has to offer!
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchenette, Recessed Lighting
  • Fireplace: No
  • Common Walls: No One Below, 2+ Common Walls
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 354
  • Living Area Sq Ft: 354
  • Price Per Sq Ft: 139.83
  • Above Grade Finished Sq Ft: 354
  • 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
  • Construction Materials: Mixed
  • Exterior Features: Bbq Grill
  • Water Access Features: Public Access, Swimming Allowed, Canoe/Kayak, Public Beach
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: No
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Wall Unit, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone
  • 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: Cable, Common Grounds, Laundry Facilities, Picnic Area, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: A/C Unit(s), All Ground Fee, Appliance Maintenance, Cable Tv, Common Area Maintenance, Custodial Services Maintenance, Electricity, Ext Bldg Maint, Heat, High Speed Internet, Insurance, Laundry, Management, Pool(s), Reserve Funds, Sewer, Snow Removal, Standard Phone Service, Taxes, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

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

Lot Info

  • Land Use Code: CO
  • Lot Size Acres: 0.44
  • Lot Dimensions: 155.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19166.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: TOWN CODES
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5204885
  • School Tax: 3162.00
  • Tax Annual Amount: 3492.00
  • Assessor Parcel Number: 334-20.18-194.00-114A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/21/2022

Multi Family

  • Waterfront Features: Sandy Beach

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 Change Sq Ft Price
02/24/2025 02/24/25 Price Changed $67,000 -4.1% $189 / Sq Ft
01/07/2025 01/07/25 For Sale $69,900 +41.2% $197 / Sq Ft
10/21/2022 10/21/22 Sold $49,500 0.0% $140 / Sq Ft
10/02/2022 10/02/22 Price Changed $49,500 -10.0% $140 / Sq Ft
09/16/2022 09/16/22 Price Changed $55,000 -11.3% $155 / Sq Ft
08/27/2022 08/27/22 Price Changed $62,000 -11.3% $175 / Sq Ft
08/12/2022 08/12/22 For Sale $69,900 -- $197 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Maria Bennett

    Seller's Agent in 2025

    Maria Bennett

    Iron Valley Real Estate at The Beach

    (302) 331-8882

    5 in this area

    69 Total Sales

    Section Image
  • DENISE CAIN

    Seller's Agent in 2022

    DENISE CAIN

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-5662

    13 in this area

    55 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2027278

Bright MLS

Delaware Sussex County Dewey Beach 19971

1 Read St Unit 114, Dewey Beach, DE

This home is located at 1 Read St Unit 114, Dewey Beach, DE 19971 and is currently priced at $49,500, approximately $139 per square foot. This property was built in 1955. 1 Read St Unit 114 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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