116 Clayton St Unit 3 Dewey Beach, DE 19971
Estimated Value: $881,000 - $930,000
4
Beds
2
Baths
1,800
Sq Ft
1974
Built
Highlights
- Deck
- Wood Flooring
- Upgraded Countertops
- Rehoboth Elementary School Rated A
- Furnished
- Breakfast Area or Nook
About This Home
As of September 2021COASTAL. DOWNTOWN. INVESTMENT MACHINE. Relaxing is easy in this chic and updated 4 bedroom, 2 bath condo located in the heart of Dewey Beach. This move-in ready and fully furnished unit features an open living/dining area with a back deck which is a perfect space for relaxing and entertaining. The condo features beautiful wood flooring, an updated kitchen, and comfortable living and dining areas. The beautifully furnished bedrooms are light, airy, and spacious. You are only 1.5 blocks from the beach and steps from the Bay, so plan to enjoy ocean days, restaurants, clubs and entertainment, shopping, and all that Dewey Beach has to offer. Parking includes 4 off street private spaces. FEE SIMPLE, NO HOA FEES and NO LAND LEASE! For the investors, this unit is already booked at 60K for 2021 with the upside potential of 65-70K for the year. Don't miss out!
Last Agent to Sell the Property
Monument Sotheby's International Realty License #RS-0016036 Listed on: 05/21/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $320
Year Built
- Built in 1974
Parking
- 4 Off-Street Spaces
Home Design
- Frame Construction
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 1,800 Sq Ft Home
- Property has 2 Levels
- Furnished
- Ceiling Fan
- Window Treatments
- Window Screens
- Combination Dining and Living Room
Kitchen
- Breakfast Area or Nook
- Oven
- Stove
- Cooktop with Range Hood
- Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Outdoor Shower
- Deck
Location
- Flood Risk
Utilities
- Central Air
- Heating Available
- Vented Exhaust Fan
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-20.14-50.00-3
Community Details
Overview
- Property has a Home Owners Association
- Low-Rise Condominium
- Holly Tree Community
- Rehoboth By The Sea Subdivision
Pet Policy
- Dogs and Cats Allowed
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 18, 2024
Sold by
Mayoral Vicky E and Mayoral Vicky Ellen
Bought by
Vicky E Mayoral Trust and Mayoral
Current Estimated Value
Purchase Details
Listed on
May 21, 2021
Closed on
Sep 10, 2021
Sold by
Griffiths Norman C
Bought by
Mayoral Vicky E
Seller's Agent
Andy Staton
Monument Sotheby's International Realty
Buyer's Agent
Sarah V. Liska
Freedom Realty LLC
List Price
$859,999
Sold Price
$775,000
Premium/Discount to List
-$84,999
-9.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.34%
Original Mortgage
$548,250
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Jun 1, 2016
Closed on
Nov 29, 2016
Sold by
Wootten Gary R and Wootten Margaret
Bought by
Griffiths Norman Christopher
Seller's Agent
Ryan Gehris
USRealty.com LLP
Buyer's Agent
Dustin Oldfather
Compass
List Price
$349,900
Sold Price
$400,000
Premium/Discount to List
$50,100
14.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.71%
Similar Homes in Dewey Beach, DE
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vicky E Mayoral Trust | -- | None Listed On Document | |
| Mayoral Vicky E | $775,000 | None Available | |
| Griffiths Norman Christopher | $400,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mayoral Vicky E | $548,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2021 09/10/21 | Sold | $775,000 | -9.9% | $431 / Sq Ft |
| 07/14/2021 07/14/21 | Pending | -- | -- | -- |
| 05/21/2021 05/21/21 | For Sale | $859,999 | +115.0% | $478 / Sq Ft |
| 11/14/2016 11/14/16 | Sold | $400,000 | +14.3% | $286 / Sq Ft |
| 10/06/2016 10/06/16 | Pending | -- | -- | -- |
| 06/01/2016 06/01/16 | For Sale | $349,900 | -- | $250 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,428 | $16,950 | $0 | $16,950 |
| 2023 | $1,427 | $16,950 | $0 | $16,950 |
| 2022 | $1,388 | $16,950 | $0 | $16,950 |
| 2021 | $1,378 | $16,950 | $0 | $16,950 |
| 2020 | $1,374 | $16,950 | $0 | $16,950 |
| 2019 | $1,354 | $16,950 | $0 | $16,950 |
| 2018 | $988 | $22,500 | $0 | $0 |
| 2017 | $946 | $22,500 | $0 | $0 |
| 2016 | $927 | $22,500 | $0 | $0 |
| 2015 | $887 | $22,500 | $0 | $0 |
| 2014 | $881 | $22,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Staton
Seller's Agent in 2021
Andy Staton
OCEAN ATLANTIC SOTHEBYS
(302) 841-2127
5 in this area
248 Total Sales
-
Sarah V. Liska
Buyer's Agent in 2021
Sarah V. Liska
Freedom Realty LLC
(301) 385-0523
1 in this area
96 Total Sales
-
Ryan Gehris
R
Seller's Agent in 2016
Ryan Gehris
USRealty.com LLP
(610) 466-5358
62 Total Sales
-
Dustin Oldfather
Buyer's Agent in 2016
Dustin Oldfather
Compass
(302) 249-5899
6 in this area
1,514 Total Sales
Map
Source: Bright MLS
MLS Number: DESU183516
APN: 334-20.14-50.00-3
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