NOT LISTED FOR SALE

121 Chesapeake St Unit 1 Dewey Beach, DE 19971

Estimated Value: $474,000 - $608,000

2 Beds
1 Bath
-- Sq Ft
$117/mo HOA Fee

Last Sold September 11, 2024

Last sale price $475,000

Est. 11% increase in value since last sale

Current estimated payment $3,019/month

81 Days on Market

Highlights

  • 10 Feet of Waterfront
  • Water Oriented
  • Bamboo Flooring
  • Rehoboth Elementary School Rated A
  • Lake View
  • Furnished

About This Home

As of September 2024

Waterfront on Lake Comegys is where you can relax at Sea Haven. Enjoy the views from the patio, the
screened porch and from the inside of this lovely condo. This home has been maintained with care throughout the years and the home is beautifully decorated and includes the furniture!! All the neighbors truly enjoy the peace and quiet of Chesapeake Street.
Age of condo is estimated along with the water frontage.

1 1/2 Blocks to the Ocean
Current annual ground rent is $17,000 for this year (2024). New leased ground documents were signed May 7, 2024 for a 60 year term with annual adjustments.
7/1/24-6/30/25 Tax Bill is $599.48 of which $318.54 is the Dewey Beach Sewer assessment
There is an Annual Adjusted Base- An agent can explain to buyer.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 05/23/2024

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Roger Bradley

(302) 670-0861 rogerlb02@gmail.com Iron Valley Real Estate Premier License #rs0018819

Iron Valley Real Estate Premier

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $281

Year Built

  • Built in 1970

Lot Details

  • 10 Feet of Waterfront
  • Ground Rent

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • Furnished
  • Lake Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near a lake
  • Screened Patio

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.10-9.01-1

Community Details

Overview

  • Association fees include lawn maintenance, trash
  • Low-Rise Condominium
  • Sea Haven Community

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$281

Year Built

Built in 1970

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Inclusions: Home is being sold furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: Waterfront on Lake Comegys is where you can relax at Sea Haven. Enjoy the views from the patio, the screened porch and from the inside of this lovely condo. This home has been maintained with care throughout the years and the home is beautifully decorated and includes the furniture!! All the neighbors truly enjoy the peace and quiet of Chesapeake Street. Age of condo is estimated along with the water frontage. 1 1/2 Blocks to the Ocean Current annual ground rent is $17,000 for this year (2024). New leased ground documents were signed May 7, 2024 for a 60 year term with annual adjustments. 7/1/24-6/30/25 Tax Bill is $599.48 of which $318.54 is the Dewey Beach Sewer assessment There is an Annual Adjusted Base- An agent can explain to buyer.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Water Heater, Washer/Dryer Stacked
  • Entry Floor: 1
  • Flooring Type: Bamboo, Carpet
  • Fireplace: No
  • Floors In Unit Count: 1
  • Levels Count: 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 121

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Block
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • View: Lake
  • Water Access: No
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 10

Garage/Parking

  • Garage: No
  • Type Of Parking: 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: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1400.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Trash
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s), Screened
  • Year Assessed: 2023
  • Zoning: RESEDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 255.00
  • Tax Annual Amount: 281.00
  • Assessor Parcel Number: 334-20.10-9.01-1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 09/11/2024

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2002
Bought by
Parker John and Donna Sackett
Current Estimated Value
$527,947
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
Parker John $218,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $475,000 -0.1% --
08/12/2024 08/12/24 Pending -- -- --
08/02/2024 08/02/24 Price Changed $475,500 -4.7% --
05/23/2024 05/23/24 For Sale $499,000 -- --
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 $1,235 $5,700 $0 $5,700
2024 $599 $5,700 $0 $5,700
2023 $599 $5,700 $0 $5,700
2022 $589 $5,700 $0 $5,700
2021 $587 $5,700 $0 $5,700
2020 $585 $5,700 $0 $5,700
2019 $564 $5,700 $0 $5,700
2018 $250 $5,700 $0 $0
2017 $240 $5,700 $0 $0
2016 $256 $5,700 $0 $0
2015 $246 $5,700 $0 $0
2014 $244 $5,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2063232

Bright MLS

APN: 334-20.10-9.01-1