NOT LISTED FOR SALE

1 Swedes St Unit 4 Dewey Beach, DE 19971

Estimated Value: $693,000 - $952,000

2 Beds
1.5 Baths
760 Sq Ft
$233/mo HOA Fee

Last Sold June 03, 2022

Last sale price $819,000 $1,078 Per Sq Ft

Current estimated payment $4,813/month

70 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Ocean View
  • Beach
  • Rehoboth Elementary School Rated A
  • Primary bedroom faces the ocean
  • Access to Tidal Water

About This Home

As of June 2022

DIRECT OCEANFRONT, MILLION-DOLLAR views, without the million-dollar price tag! Unobstructed views welcome you from the expansive 21’ deck in this fantastic oceanfront investment. Watch the sunrise from the decks while sipping your coffee and enjoy breathtaking sunsets, sleep to the sounds of the ocean. Located in the heart of Dewey Beach within walking distance to the town restaurants, shopping, and nightlife. Bike or stroll into downtown Rehoboth Beach along beautiful Silver Lake. Featuring 2 generously sized bedrooms with 1.5 baths and a fully remodeled kitchen. Windows have been replaced and a new HVAC system added in 2020. Well maintained building recently added a new roof in 2020, offers assigned under building parking, communal washers & dryers, and outside showers. Call today – don’t let this investment opportunity slip away!

Last Agent to Sell the Property

Lee Ann Wilkinson

Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 03/09/2022

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Skip Faust

Coldwell Banker Premier - Rehoboth License #RA-0002618

Coldwell Banker Premier - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $654

Year Built

  • Built in 1964

Lot Details

  • 100 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Public Beach
  • No Units Above

HOA Fees

  • $233 Monthly HOA Fees

Property Views

  • Ocean
  • Panoramic

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Stick Built Home
  • Stucco

Interior Spaces

  • 760 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Living Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Upgraded Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Primary Bedroom

Parking

  • Assigned parking located at #4
  • On-Street Parking
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Access
  • Property is near an ocean

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Propane Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.14-231.00-4

Community Details

Overview

  • Association fees include common area maintenance, insurance, trash
  • Low-Rise Condominium
  • Beachcomber Community

Amenities

  • Laundry Facilities

Recreation

  • Beach

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$654

Year Built

Built in 1964

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: Personal Items in locked areas, wall hangings, pictures, deck furniture, towels & bedding, candles, lamps
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1964
  • Assigned Parking Space Numbers: 4
  • Automatically Close On Close Date: No
  • Remarks Public: DIRECT OCEANFRONT, MILLION-DOLLAR views, without the million-dollar price tag! Unobstructed views welcome you from the expansive 21’ deck in this fantastic oceanfront investment. Watch the sunrise from the decks while sipping your coffee and enjoy breathtaking sunsets, sleep to the sounds of the ocean. Located in the heart of Dewey Beach within walking distance to the town restaurants, shopping, and nightlife. Bike or stroll into downtown Rehoboth Beach along beautiful Silver Lake. Featuring 2 generously sized bedrooms with 1.5 baths and a fully remodeled kitchen. Windows have been replaced and a new HVAC system added in 2020. Well maintained building recently added a new roof in 2020, offers assigned under building parking, communal washers & dryers, and outside showers. Call today – don’t let this investment opportunity slip away!
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Oven/Range - Electric, Refrigerator
  • Entry Floor: 3
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s), Floor Plan - Open, Primary Bedroom - Ocean Front, Upgraded Countertops
  • Fireplace: No
  • Common Walls: No One Above
  • Foundation Details: Pillar/Post/Pier, Block
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Kitchen, Full Bath, Half Bath, Additional Bedroom
  • Basement: No
  • Laundry Type: Common, Shared
  • Total Sq Ft: 760
  • Living Area Sq Ft: 760
  • Price Per Sq Ft: 1143.42
  • Above Grade Finished Sq Ft: 760
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Stucco
  • Exterior Features: Outside Shower
  • Roof: Flat
  • View: Ocean, Panoramic
  • Water Access Features: Public Beach
  • Water Access: Yes
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2800.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Trash
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Total Actual Rent: 28000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 10187913
  • School Tax: 529.00
  • Tax Annual Amount: 653.60
  • Assessor Parcel Number: 334-20.14-231.00-4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/03/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Jun 3, 2022
Sold by
Starr Kathleen M
Bought by
I C Read Llc
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Skip Faust
Coldwell Banker Premier - Rehoboth
List Price
$894,900
Sold Price
$819,000
Premium/Discount to List
-$75,900
-8.48%
Current Estimated Value
$822,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,518
Avg. Annual Appreciation
0.07%
Source: Public Records

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 Buyer Sale Price Title Company
I C Read Llc $819,000 Hudson Jones Jaywork & Fisher
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $819,000 -5.8% $1,078 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/02/2022 05/02/22 Price Changed $869,000 -2.9% $1,143 / Sq Ft
03/09/2022 03/09/22 For Sale $894,900 -- $1,178 / 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 $1,176 $12,400 $0 $12,400
2023 $1,175 $12,400 $0 $12,400
2022 $1,146 $12,400 $0 $12,400
2021 $1,138 $12,400 $0 $12,400
2020 $1,134 $12,400 $0 $12,400
2019 $1,114 $12,400 $0 $12,400
2018 $764 $17,400 $0 $0
2017 $732 $17,400 $0 $0
2016 $723 $17,400 $0 $0
2015 $693 $17,400 $0 $0
2014 $688 $17,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2017736

Bright MLS

APN: 334-20.14-231.00-4