NOT LISTED FOR SALE

126 Read Ave Unit 9 Dewey Beach, DE 19971

Estimated Value: $562,000 - $702,000

2 Beds
1 Bath
825 Sq Ft
$250/mo HOA Fee

Last Sold October 21, 2020

Last sale price $350,000 $424 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,524/month

699 Days on Market

Highlights

  • Private Dock Site
  • Beach
  • Private Beach
  • Rehoboth Elementary School Rated A
  • Home fronts navigable water
  • 1-minute walk to John Waples Memorial Playground

About This Home

As of October 2020

Enjoy Endless Bay Views, Sunsets and kayaking from your private Rehoboth Bay beach 2BR 1BA SNUG HARBOR Condo. Capture the DEWEY WAY OF LIFE. Just over a block to the ocean, restaurants and the best of DEWEY and Jolly Trolly will take you everywhere including downtown Rehoboth. $30K Summer Rental. Sold Furnished and Upgraded in 2016 w new Windows, Floors, Bath and Stainless Appliances. Security and Gated Access. This Fall the Building is being raised to improve Bay Views. Current owner will cover cost of Raising the Condo (approx. $45K) for contract ratified by Sept 30, 2020. Best Deal in Dewey.

Last Agent to Sell the Property

Charlie HELMER

(302) 227-3883 charlie@jacklingo.com Jack Lingo - Rehoboth License #RS-0020595 Listed on: 10/22/2018

Jack Lingo - Rehoboth

Last Buyer's Agent

Charlie HELMER

(302) 227-3883 charlie@jacklingo.com Jack Lingo - Rehoboth License #RS-0020595 Listed on: 10/22/2018

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $651

Year Built

  • Built in 1983 | Remodeled in 2016

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Private Beach
  • Sandy Beach
  • 1 Common Wall
  • Wood Fence
  • Property is in good condition

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Block Foundation
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 825 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Wood Frame Window
  • Window Screens
  • Insulated Doors
  • Bay Views
  • Laundry on lower level

Kitchen

  • Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Home Security

  • Security Gate
  • Surveillance System
  • Flood Lights

Parking

  • 2 Open Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Parking Lot
  • Parking Space Conveys

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Swimming Allowed
  • Private Dock Site
  • Screened Patio
  • Exterior Lighting
  • Outdoor Storage
  • Porch

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.18-105.00-9

Community Details

Overview

  • Association fees include trash, sewer, management, insurance
  • 9 Units
  • Low-Rise Condominium
  • Lisa Giacco Condos
  • Snug Harbor Subdivision

Amenities

  • Common Area
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Beach
  • Fishing Allowed

Pet Policy

  • Limit on the number of pets

Security

  • Security Service
  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$651

Year Built

Built in 1983 | Remodeled in 2016

Lot Details

0 Sq Ft Lot

HOA Fees

$250 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: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Sold Furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2018-10-25
  • Federal Flood Zone: Yes
  • Year Built: 1983
  • Year Renovated: 2016
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Icemaker, Microwave, Water Heater, Refrigerator, Stove
  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Laminated, Wood
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Open, Kitchen - Island, Pantry, Upgraded Countertops, Window Treatments, Wood Floors
  • Window Features: Energy Efficient, Insulated, Screens, Storm, Wood Frame
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Door Features: Storm, Insulated
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common, Lower Floor
  • Total Sq Ft: 825
  • Living Area Sq Ft: 825
  • Price Per Sq Ft: 449.58
  • Above Grade Finished Sq Ft: 825
  • Above Grade Finished Area Units: Square Feet

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, Wood Siding
  • Exterior Features: Exterior Lighting, Flood Lights, Outside Shower, Private Beach, Secure Storage
  • Roof: Architectural Shingle
  • Spa: No
  • View: Bay
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Private Access, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Gravel Driveway, Parking Space Conveys
  • Type Of Parking: On Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: DSL

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3000.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Lisa Giacco
  • HOA Condo Co-Op Amenities: Beach, Common Grounds, Security, Storage Bin
  • HOA Condo Co-Op Fee Includes: Trash, Sewer, Management, Insurance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Wood
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Good
  • Zoning: Q
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Total Actual Rent: 30000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • School Tax: 528.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 651.00
  • Assessor Parcel Number: 334-20.18-105.00-9
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

Multi Family

  • Federal Flood Zone: AE
  • Waterfront Features: Private Dock Site, Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2024
Sold by
Amended And Restated Revocable Trust Agr and Giacco Lisa M
Bought by
Mault Daniel and Mault Lindsey
Current Estimated Value
$612,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$341,772
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$270,799

Purchase Details

Listed on
Oct 22, 2018
Closed on
Oct 20, 2020
Sold by
Messina Suzanne
Bought by
Giacco Lisa M
Seller's Agent
Charlie HELMER
Jack Lingo - Rehoboth
Buyer's Agent
Charlie HELMER
Jack Lingo - Rehoboth
List Price
$384,900
Sold Price
$350,000
Premium/Discount to List
-$34,900
-9.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%

Purchase Details

Closed on
Feb 8, 1989
Bought by
Smith Suzanne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Mault Daniel $550,000 None Listed On Document
Giacco Lisa M $350,000 None Available
Smith Suzanne $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mault Daniel $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2020 10/21/20 Sold $350,000 -5.6% $424 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
04/14/2020 04/14/20 Price Changed $370,900 -1.3% $450 / Sq Ft
10/14/2019 10/14/19 Price Changed $375,900 -2.3% $456 / Sq Ft
04/05/2019 04/05/19 For Sale $384,900 0.0% $467 / Sq Ft
02/27/2019 02/27/19 Pending -- -- --
10/25/2018 10/25/18 For Sale $384,900 -- $467 / Sq Ft
Source: Bright MLS

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 $1,423 $12,400 $0 $12,400
2024 $1,159 $12,400 $0 $12,400
2023 $1,158 $12,400 $0 $12,400
2022 $1,129 $12,400 $0 $12,400
2021 $1,121 $12,400 $0 $12,400
2020 $1,118 $12,400 $0 $12,400
2019 $1,098 $12,400 $0 $12,400
2018 $749 $17,050 $0 $0
2017 $717 $17,050 $0 $0
2016 $709 $17,050 $0 $0
2015 $679 $17,050 $0 $0
2014 $674 $17,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Charlie HELMER

    Jack Lingo - Rehoboth

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1009954164

Bright MLS

APN: 334-20.18-105.00-9

Delaware Sussex County Dewey Beach 19971

126 Read Ave Unit 9, Dewey Beach, DE

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.