NOT LISTED FOR SALE

1301 Bunting Ave Fenwick Island, DE 19944

Estimated Value: $311,259 - $5,396,000

5 Beds
5.5 Baths
4,500 Sq Ft
$699/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $5,300,000 $1,178 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $16,980/month

30 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Ocean View
  • Gourmet Kitchen
  • Phillip C. Showell Elementary School Rated A-
  • Primary bedroom faces the ocean
  • Open Floorplan

About This Home

As of May 2024

This property is definitely Worth the Wait!!! Location, Location, Location- Now is the time to take advantage of this rare opportunity to own an elegant and amazing beach home on one of the finest Oceanfront lots in Fenwick. There are only 12 Oceanfront lots in the Town of Fenwick Island that offer Southern Exposure at the dune crossing and one has finally become available to purchase. The panoramic ocean views are absolutely incredible- breathtaking ! Just sit back, relax and enjoy the wide and uncrowded beach that is just right outside your backdoor. Welcome to 1301 Bunting Ave- so many memories are just waiting to be made here! Once you arrive there is no need to drive- just park your car and stroll to restaurants, shops, entertainment, playground, kayak launch, mini golf, arcade , Fenwick Boardwalk and more! Stay Tuned- more amazing description to follow.

Last Agent to Sell the Property

Chrisy Tingle

Keller Williams Realty License #RS-0023952 Listed on: 03/20/2024

Keller Williams Realty

Last Buyer's Agent

John Kleinstuber

JOHN KLEINSTUBER AND ASSOC INC License #RB-0002561

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,428

Year Built

  • Built in 2002

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50.00 x 150.00
  • 50 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Landscaped
  • Premium Lot
  • Corner Lot
  • Back and Front Yard
  • Property is zoned TN

Parking

  • 3 Car Attached Garage
  • 6 Driveway Spaces
  • Front Facing Garage
  • Side Facing Garage

Home Design

  • Coastal Architecture
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 4,500 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Great Room
  • Sitting Room
  • Loft
  • Ocean Views

Kitchen

  • Gourmet Kitchen
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Multiple Balconies
  • Deck
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 134-23.12-208.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,428

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Piano & Dolphin Fountain, Personal Items
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main
  • Expected On Market: 2024-03-20
  • Federal Flood Zone: Yes
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Remarks Public: This property is definitely Worth the Wait!!! Location, Location, Location- Now is the time to take advantage of this rare opportunity to own an elegant and amazing beach home on one of the finest Oceanfront lots in Fenwick. There are only 12 Oceanfront lots in the Town of Fenwick Island that offer Southern Exposure at the dune crossing and one has finally become available to purchase. The panoramic ocean views are absolutely incredible- breathtaking ! Just sit back, relax and enjoy the wide and uncrowded beach that is just right outside your backdoor. Welcome to 1301 Bunting Ave- so many memories are just waiting to be made here! Once you arrive there is no need to drive- just park your car and stroll to restaurants, shops, entertainment, playground, kayak launch, mini golf, arcade , Fenwick Boardwalk and more! Stay Tuned- more amazing description to follow.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Cooktop, Refrigerator, Icemaker, Dishwasher, Disposal, Microwave, Washer, Dryer, Water Heater
  • Interior Amenities: Window Treatments, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Soaking Tub, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 3
  • Room List: Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Foyer, Great Room, Loft, Primary Bathroom, Full Bath
  • Basement: No
  • Total Sq Ft: 4500
  • Living Area Sq Ft: 4500
  • Price Per Sq Ft: 1188.89
  • Above Grade Finished Sq Ft: 4500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1301

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 3
  • Lower Level Bedroom: 3
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 5
  • Lower Levels Bathrooms: 4.00
  • Lower Levels 2 Bathrooms: 1.00
  • Lower Level Full Bathrooms: 5
  • Lower Level Full Bathrooms: 4
  • Lower Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Outside Shower, Exterior Lighting
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage - Side Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 9
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 999
  • Lot Features: Corner, Front Yard, Landscaping, Premium, Rear Yard
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s)
  • Year Assessed: 2023
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 3142.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6427.74
  • Assessor Parcel Number: 134-23.12-208.00
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 672
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/15/2024

Multi Family

  • Federal Flood Zone: AO

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 15, 2024
Sold by
Lednum Scott W
Bought by
1403 Bunting Avenue Llc
Seller's Agent
Chrisy Tingle
Keller Williams Realty
Buyer's Agent
John Kleinstuber
JOHN KLEINSTUBER AND ASSOC INC
List Price
$5,350,000
Sold Price
$5,300,000
Premium/Discount to List
-$50,000
-0.93%
Total Days on Market
30
Views
129
Current Estimated Value
$3,144,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,155,914
Avg. Annual Appreciation
-39.47%

Purchase Details

Closed on
Dec 12, 2022
Sold by
E Wayne Lednum Revocable Trust
Bought by
Lednum Scott W

Purchase Details

Closed on
Jan 17, 2018
Sold by
Lednum E Wayne
Bought by
Lednum E Wayne

Purchase Details

Closed on
Jan 16, 2018
Sold by
Lednum E Wayne
Bought by
Lednum E Wayne

Purchase Details

Closed on
Apr 30, 1987
Bought by
Lednum Lednum E and Lednum Roberta P
Source: Public Records

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
1403 Bunting Avenue Llc -- None Listed On Document
Lednum Scott W -- --
Lednum E Wayne -- --
Lednum E Wayne -- --
Lednum Lednum E $339,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lednum Edward W $1,727,000
Previous Owner Lednum E Wayne $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $5,300,000 -0.9% $1,178 / Sq Ft
03/20/2024 03/20/24 For Sale $5,350,000 -- $1,189 / 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 $3,538 $85,250 $25,000 $60,250
2023 $3,534 $85,250 $25,000 $60,250
2022 $2,977 $85,250 $25,000 $60,250
2021 $2,973 $85,250 $25,000 $60,250
2020 $2,823 $85,250 $25,000 $60,250
2019 $2,808 $85,250 $25,000 $60,250
2018 $2,851 $85,250 $0 $0
2017 $2,890 $85,250 $0 $0
2016 $2,404 $85,250 $0 $0
2015 $2,492 $85,250 $0 $0
2014 $2,448 $85,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2058456

Bright MLS

APN: 134-23.12-208.00