NOT LISTED FOR SALE

119 Collins Ave Unit 213 Dewey Beach, DE 19971

Estimated Value: $414,000 - $729,000

1 Bed
1 Bath
1,026 Sq Ft
$632/mo HOA Fee

Last Sold May 12, 2023

Last sale price $550,000 $536 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,017/month

3 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Primary bedroom faces the bay
  • Bay View
  • Rehoboth Elementary School Rated A
  • Access to Tidal Water
  • 3-minute walk to Delaware Seashore State Park

About This Home

As of May 2023

Welcome to Marina View, where you have a front row seat to sunset every night! This bay front condo is nestled between the Atlantic Ocean and located directly on the Rehoboth Bay at the south end of Dewey Beach! This condo is ready for you since it’s sold fully furnished and turn key! Just bring your bathing suit! Ideally positioned to enjoy the close proximity to the heart of Dewey Beach yet tucked back and far enough away to capture peaceful beach days and evenings full of colorful sunsets over the bay from your double balconies off the bedroom and living room. Never rented and in pristine condition with a rental potential of $42K - $53K per year. It’s one of the largest condos in the building. You'll love the conveniences and added amenities that Marina View building presents to you like the stand out rooftop pool, lounge and outdoor kitchen with BBQ grill, beach storage locker, bicycle racks, outdoor showers, spacious lobby/ lounge area that offers free cable and WiFi. There are TWO parking spots with video surveillance and storage closet right down the hall for your beach chairs. PLUS owners in this building receive a discount at the Marina slip offering you water access for all the water activities you can think of right outside your front door! Don't wait to see this SPACIOUS one bedroom TURN KEY condo waiting for you between the Atlantic Ocean and Rehoboth Bay!

Last Listed By

Brian Barrows

Monument Sotheby's International Realty License #RA-0020621 Listed on: 03/27/2023

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $789

Year Built

  • Built in 2006

Lot Details

  • 100 Feet of Waterfront
  • Home fronts navigable water

HOA Fees

  • $632 Monthly HOA Fees

Parking

  • 3 Assigned Parking Garage Spaces
  • 1 Off-Street Space
  • Basement Garage
  • Parking Lot

Home Design

  • Coastal Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,026 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room
  • Bay Views

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary bedroom faces the bay
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Balcony

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Geothermal Heating and Cooling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-23.06-5.00-3-D

Community Details

Overview

  • $1,500 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, pool(s), reserve funds, trash
  • Low-Rise Condominium
  • Marina View Community
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$789

Year Built

Built in 2006

Lot Details

0

HOA Fees

$632 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: See list in agent remarks
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Marina View, where you have a front row seat to sunset every night! This bay front condo is nestled between the Atlantic Ocean and located directly on the Rehoboth Bay at the south end of Dewey Beach! This condo is ready for you since it’s sold fully furnished and turn key! Just bring your bathing suit! Ideally positioned to enjoy the close proximity to the heart of Dewey Beach yet tucked back and far enough away to capture peaceful beach days and evenings full of colorful sunsets over the bay from your double balconies off the bedroom and living room. Never rented and in pristine condition with a rental potential of $42K - $53K per year. It’s one of the largest condos in the building. You'll love the conveniences and added amenities that Marina View building presents to you like the stand out rooftop pool, lounge and outdoor kitchen with BBQ grill, beach storage locker, bicycle racks, outdoor showers, spacious lobby/ lounge area that offers free cable and WiFi. There are TWO parking spots with video surveillance and storage closet right down the hall for your beach chairs. PLUS owners in this building receive a discount at the Marina slip offering you water access for all the water activities you can think of right outside your front door! Don't wait to see this SPACIOUS one bedroom TURN KEY condo waiting for you between the Atlantic Ocean and Rehoboth Bay!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Electric, Refrigerator, Dishwasher, Disposal, Microwave, Stainless Steel Appliances, Washer, Dryer, Water Heater
  • Entry Floor: 2
  • Interior Amenities: Kitchen - Gourmet, Kitchen - Island, Dining Area, Floor Plan - Open, Primary Bedroom - Bay Front, Window Treatments, Elevator
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 1, Full Bath
  • Basement: No
  • Total Sq Ft: 1026
  • Living Area Sq Ft: 1026
  • Price Per Sq Ft: 511.70
  • Above Grade Finished Sq Ft: 1026
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 119

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Exterior Features: Outside Shower
  • View: Bay
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Basement Garage
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage, Off Street, Parking Lot
  • Off Street Parking Spaces: 1
  • Parking Garage Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 632.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Pool(s), Reserve Funds, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1500.00

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: 999
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2022
  • Zoning: TN
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 7378942
  • School Tax: 715.00
  • Tax Annual Amount: 789.00
  • Assessor Parcel Number: 334-23.06-5.00-3-D
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/12/2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2025
Sold by
King Peter L and King Bonnie H
Bought by
Peter L King Revocable Trust and Bonnie H King Revocable Trust
Total Days on Market
3
Current Estimated Value
$594,634

Purchase Details

Closed on
Sep 7, 2017
Sold by
Norton Jeffrey G and Norton Anne B
Bought by
Balcer Anne

Purchase Details

Closed on
May 25, 2012
Sold by
Carter Claude B and Carter Carla D
Bought by
King Peter L and King Bonnie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.9%
Mortgage Type
Unknown

Range of Values:

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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
Peter L King Revocable Trust -- None Listed On Document
Balcer Anne -- --
King Peter L $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Peter L $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $550,000 +4.8% $536 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $525,000 -- $512 / 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 $1,060 $13,550 $0 $13,550
2023 $1,060 $13,550 $0 $13,550
2022 $1,034 $13,550 $0 $13,550
2021 $1,027 $13,550 $0 $13,550
2020 $1,024 $13,550 $0 $13,550
2019 $1,004 $13,550 $0 $13,550
2018 $661 $15,050 $0 $0
2017 $633 $15,050 $0 $0
2016 $630 $15,050 $0 $0
2015 $603 $15,050 $0 $0
2014 $599 $15,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: DESU2038532

Bright MLS

APN: 334-23.06-5.00-3-F