NOT LISTED FOR SALE

100 Anchor Way Unit 5 Rehoboth Beach, DE 19971

Estimated Value: $995,962 - $1,125,000

4 Beds
2.5 Baths
2,200 Sq Ft
$484/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $660,000 $300 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,168/month

82 Days on Market

Highlights

  • Beach
  • Home fronts navigable water
  • Public Beach
  • Rehoboth Elementary School Rated A
  • Canoe or Kayak Water Access
  • 3-minute walk to Delaware Seashore State Park

About This Home

As of January 2021

Dewey Beach 4 beds/2.5 baths bay block condo with gorgeous bay views. This home offers a southern exposure that splashes the unit with sunshine and offers some of the best sunsets over the bay on earth! Each of the bedrooms and family room have access to balconies and decks that offers full outdoor enjoyment. Interior features include hardwood flooring in the dining & family room and is complimented with a wood burning fireplace for those chilly autumn evenings. The kitchen is nicely upgraded to include a island bar with ceramic tile flooring, corian counters, built in microwave, skylight and recently upgraded appliances. Custom colors throughout brighten the unit and offer a nice beachy feeling. Covered parking is available for 2 cars under the home along with three additional spaces in the parking lot. A proven rental history of approximately $25K per season is attractive to any investor. Launch your kayak, paddle board located on the bay at the end of Anchor Way only 100 feet away or just spend the day relaxing on the sandy beach and enjoying the fresh salt air! Please call for your private showing of this fantastic bay side home!

Last Agent to Sell the Property

JOSEPH CHOMA

(302) 381-5602 joechoma@deweybeachhomesales.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0015525 Listed on: 09/16/2020

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

John Zacharias

(302) 381-6221 jzacharias@psre.com Patterson-Schwartz-OceanView License #RS-0023593

Patterson-Schwartz-OceanView

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,483

Year Built

  • Built in 1983

Lot Details

  • Property fronts the bay but unit may not have water views
  • Home fronts navigable water
  • Public Beach
  • Property is in excellent condition

HOA Fees

  • $375 Monthly HOA Fees

Home Design

  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,200 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Wainscoting
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room Off Kitchen
  • Dining Room
  • Bay Views
  • Intercom

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Electric Dryer
  • Front Loading Washer

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • 5 Assigned Parking Spaces

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Public Water Access
  • Property near a bay
  • Personal Watercraft
  • Swimming Allowed
  • Lake Privileges
  • Balcony
  • Deck

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-23.06-8.00-5

Community Details

Overview

  • Association fees include insurance, trash, reserve funds, lawn maintenance, exterior building maintenance
  • Anchor Way Community
  • Indian Beach Subdivision

Amenities

  • Common Area

Recreation

  • Beach
  • Fishing Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,483

Year Built

Built in 1983

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Bi-Level
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Exclusions: personal items
  • Inclusions: fully furnished as viewed
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2, Upper 3
  • Federal Flood Zone: Yes
  • Year Built: 1983
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Intercom, Oven/Range - Electric, Washer - Front Loading, Water Heater
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Family Room Off Kitchen, Floor Plan - Open, Intercom, Skylight(s), Recessed Lighting, Combination Kitchen/Dining, Combination Dining/Living, Stall Shower, Tub Shower, Wainscotting, Window Treatments, Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 3
  • Room List: Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, Bedroom 1, Bathroom 1, Bathroom 2, Half Bath
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2200
  • Living Area Sq Ft: 2200
  • Price Per Sq Ft: 304.09
  • Above Grade Finished Sq Ft: 2200
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Stick Built, Vinyl Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Public Access, Public Beach, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 5
  • Carport Spaces: 2
  • Garage: No
  • Parking Features: Assigned
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4500.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach, Common Grounds, Reserved/Assigned Parking, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Insurance, Trash, Reserve Funds, Lawn Maintenance, Ext Bldg Maint
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s), Balcony
  • Property Condition: Excellent
  • Soil Types: Sandy
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 25440.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5205607
  • School Tax: 1243.00
  • Tax Annual Amount: 1483.00
  • Assessor Parcel Number: 334-23.06-8.00-5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Fasteson Thomas R and Cogar Laura A
Bought by
Fasteson Thomas R
Current Estimated Value
$1,065,741

Purchase Details

Listed on
Sep 16, 2020
Closed on
Jan 29, 2021
Sold by
Daphne B Byron Lt
Bought by
Fasteson Thomas R and Cogar Laura A
Seller's Agent
JOSEPH CHOMA
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
John Zacharias
Patterson-Schwartz-OceanView
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%
Original Mortgage
$548,250
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 17, 1997
Bought by
Byron Daphne B (Trustee)
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fasteson Thomas R $31,000 None Available
Fasteson Thomas R $660,000 None Available
Byron Daphne B (Trustee) -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fasteson Thomas R $548,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2021 01/12/21 Sold $660,000 -1.3% $300 / Sq Ft
11/18/2020 11/18/20 Price Changed $669,000 -4.3% $304 / Sq Ft
09/16/2020 09/16/20 For Sale $699,000 -- $318 / 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
2025 $2,243 $29,250 $0 $29,250
2024 $1,847 $29,250 $0 $29,250
2023 $1,845 $29,250 $0 $29,250
2022 $1,792 $29,250 $0 $29,250
2021 $1,778 $29,250 $0 $29,250
2020 $1,773 $29,250 $0 $29,250
2019 $1,754 $29,250 $0 $29,250
2018 $1,361 $31,000 $0 $0
2017 $1,304 $31,000 $0 $0
2016 $1,267 $31,000 $0 $0
2015 $1,212 $31,000 $0 $0
2014 $1,203 $31,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU168904

Bright MLS

APN: 334-23.06-8.00-5