NOT LISTED FOR SALE

109 Read Ave Unit C Dewey Beach, DE 19971

Estimated Value: $1,196,006 - $1,636,000

4 Beds
4 Baths
2,000 Sq Ft
$662/Sq Ft Est. Value

Last Sold September 02, 2020

Last sale price $862,600 $431 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $7,510/month

2 Days on Market

Highlights

  • Bay View
  • Eat-In Gourmet Kitchen
  • Bayside
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • 2-minute walk to John Waples Memorial Playground

About This Home

As of September 2020

Enjoy tremendous bay views from the extra-large rooftop deck on this unique home! A true town house, you own the land, NO HOA OR CONDO FEES! This 4 BR, 4 BA home features an updated kitchen with granite counters, upgraded cabinetry, wine fridge, stainless appliances, under-cabinet lighting and more! First floor BR with an en-suite bath, 2nd floor living area features wood burning FP, vaulted ceilings, built-ins, open floor plan with dining area and a full bath, small "den" as well as BR 2. Top level features Owners suite with private rear deck as well as another BR w// en-suite bath. Go up one more level and you are at the rooftop deck, where you will enjoy expansive bay view! Rear yard is fenced and has storage shed to store your beach toys! And no shortage of parking with a 2 car carport and concrete drive that can hold 6 more cars. New roof in 2018! Just over a block to the beach with a traffic light for crossing Rt 1. Not a rental but great rental potential. Being sold partially furnished. Don't let this one get away! Act now!

Last Listed By

Allen Jarmon

NextHome Tomorrow Realty License #RA-0002913 Listed on: 07/09/2020

NextHome Tomorrow Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,795

Year Built

  • Built in 1988 | Remodeled in 2008

Lot Details

  • 2,080 Sq Ft Lot
  • Lot Dimensions are 20.00 x 104.00
  • South Facing Home
  • Back Yard Fenced
  • Property is in very good condition

Home Design

  • Frame Construction
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Partially Furnished
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Corner Fireplace
  • Wood Burning Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Bay Views

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Wine Rack
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-in Shower

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • 6 Driveway Spaces
  • 2 Attached Carport Spaces

Location

  • Flood Risk
  • Bayside

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.18-83.02

Community Details

Overview

  • No Home Owners Association

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,795

Year Built

Built in 1988 | Remodeled in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Inclusions: Partially furnished
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1988
  • Year Renovated: 2008
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Enjoy tremendous bay views from the extra-large rooftop deck on this unique home! A true town house, you own the land, NO HOA OR CONDO FEES! This 4 BR, 4 BA home features an updated kitchen with granite counters, upgraded cabinetry, wine fridge, stainless appliances, under-cabinet lighting and more! First floor BR with an en-suite bath, 2nd floor living area features wood burning FP, vaulted ceilings, built-ins, open floor plan with dining area and a full bath, small "den" as well as BR 2. Top level features Owners suite with private rear deck as well as another BR w// en-suite bath. Go up one more level and you are at the rooftop deck, where you will enjoy expansive bay view! Rear yard is fenced and has storage shed to store your beach toys! And no shortage of parking with a 2 car carport and concrete drive that can hold 6 more cars. New roof in 2018! Just over a block to the beach with a traffic light for crossing Rt 1. Not a rental but great rental potential. Being sold partially furnished. Don't let this one get away! Act now!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Tile/Brick, Hardwood
  • Interior Amenities: Bar, Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Table Space, Primary Bath(s), Pantry, Recessed Lighting, Upgraded Countertops, Wine Storage, Stall Shower
  • Fireplace Features: Corner, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 3
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Den
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 431.30
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 109

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Wood Siding
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Garage: No
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Carport, Driveway
  • Number of Spaces in Driveway: 6

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: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Rear, Fully
  • Land Use Code: RM
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20.00 x 104.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2080.00
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5205228
  • School Tax: 1535.00
  • Tax Annual Amount: 1795.00
  • Assessor Parcel Number: 334-20.18-83.02
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/02/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2020
Closed on
Aug 21, 2020
Sold by
Wendy T Wolock Irt
Bought by
Furniss Noel and Furniss Susan
Seller's Agent
Allen Jarmon
NextHome Tomorrow Realty
Buyer's Agent
Jason Lesko
Redfin Corporation
List Price
$825,000
Sold Price
$862,600
Premium/Discount to List
$37,600
4.56%
Total Days on Market
2
Current Estimated Value
$1,323,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,402
Avg. Annual Appreciation
9.57%
Original Mortgage
$656,000
Outstanding Balance
$582,586
Interest Rate
2.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$740,416

Purchase Details

Closed on
Apr 2, 2013
Sold by
Wolock Wendy T
Bought by
Wolock Bruce S and Jacobson Randi Thomas

Purchase Details

Closed on
Dec 19, 2012
Sold by
Wolock Wendy T
Bought by
Wolock Bruce S and Jacobson Randi Thomas

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Furniss Noel $862,600 None Available
Wolock Bruce S -- --
Wolock Wendy T -- --
Wolock Bruce S -- --
Wolock Wendy T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Furniss Noel $656,000
Previous Owner Schnepp David A $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2020 09/02/20 Sold $862,600 +4.6% $431 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $825,000 -- $413 / 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 $2,095 $36,050 $3,500 $32,550
2023 $2,094 $36,050 $3,500 $32,550
2022 $2,032 $36,050 $3,500 $32,550
2021 $2,016 $36,050 $3,500 $32,550
2020 $2,010 $36,050 $3,500 $32,550
2019 $1,991 $36,050 $3,500 $32,550
2018 $1,583 $36,050 $0 $0
2017 $1,516 $36,050 $0 $0
2016 $1,468 $36,050 $0 $0
2015 $1,404 $36,050 $0 $0
2014 $1,394 $36,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Similar Home in the area

  • 1 6th St Unit B, Rehoboth Beach, DE 19971

    $1,399,000

    • 4 Beds
    • 3.5 Baths
    • 1,800 Sq Ft
    • 1 6th St
    • Unit B
    • Rehoboth Beach, DE

    Welcome to this stunning 4 bedroom, 3.5 bathroom traditional style home located in the beautiful city of Rehoboth Beach, DE. This two-level home boasts a main bedroom/full bath and laundry room on the first floor, perfect for added convenience. Step inside to find a two zone central A/C and forced air propane heating system to ensure your comfort year-round. The interior features of this home

    John Black Patterson-Schwartz-Rehoboth

    Section Image

Source: Bright MLS

MLS Number: DESU164338

Bright MLS

APN: 334-20.18-83.02