NOT LISTED FOR SALE

1307 Coastal Hwy Fenwick Island, DE 19944

Estimated Value: $982,000 - $2,249,000

0.15 Acre
$11,348,887 Price per Acre
6,463 Sq Ft Lot

Last Sold May 10, 2021

Last sale price $550,000

Est. 210% increase in value since last sale

Current estimated payment $9,373/month

60 Days on Market

Highlights

  • Ocean View
  • Oceanside
  • Level Lot
  • Phillip C. Showell Elementary School Rated A-
  • No HOA

About This Lot

As of May 2021

Fenwick Island Oceanside lot ready to build your castle! Water Views! Receive a special parking permit for beach access. Relaxing and Sunbathing during the morning. In the afternoon, try your luck at fishing, crabbing, windsurfing, or kayaking on the bayside. Then think Beach Bonfires at night! This location is several blocks to the Fenwick State Park where you can enjoy 344 acres of largely undisturbed land. And yes, Fenwick Island has guarded beaches. (Owner Related to Agent.)

Last Agent to Sell the Property

Kathy Cramer

BETHANY AREA REALTY LLC License #RS0012506 Listed on: 01/13/2021

Last Buyer's Agent

Byron Hudtloff

RE/MAX Realty Centre, Inc.

RE/MAX Realty Centre, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $902

Lot Details

  • 6,463 Sq Ft Lot
  • Lot Dimensions are 50.00 x 129.00
  • Level Lot
  • Property is zoned TN, https://fenwickisland.delaware.gov

Property Views

  • Ocean
  • Bay
  • Limited

Location

  • Flood Risk

Schools

  • Phillip C. Showell Elementary School
  • Selbyville Middle School
  • Sussex Central High School

Utilities

  • Public Hookup Available For Sewer
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 134-23.12-213.02

Community Details

Overview

  • No Home Owners Association

Recreation

  • Oceanside

Property Details

Property Type

Land

Est. Annual Taxes

$902

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Inclusions: 24 Pilings ready for a Second Story
  • New Construction: No
  • Expected On Market: 2021-01-13
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: Fenwick Island Oceanside lot ready to build your castle! Water Views! Receive a special parking permit for beach access. Relaxing and Sunbathing during the morning. In the afternoon, try your luck at fishing, crabbing, windsurfing, or kayaking on the bayside. Then think Beach Bonfires at night! This location is several blocks to the Fenwick State Park where you can enjoy 344 acres of largely undisturbed land. And yes, Fenwick Island has guarded beaches. (Owner Related to Agent.)
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 92.68
  • Street Number Modifier: 1307

Exterior Features

  • Construction Completed: No
  • View: Limited, Water, Ocean, Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Water Sewer Hookup Fee: 4000.00
  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public Hook-Up Available
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: PHILLIP C. SHOWELL
  • Middle School: SELBYVILLE
  • High School: SUSSEX CENTRAL
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396898
  • School District Source: 3rd Party
  • Elementary School: PHILLIP C. SHOWELL
  • High School: SUSSEX CENTRAL
  • Middle Or Junior School: SELBYVILLE

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: CO
  • Lot Count: 1
  • Lot Features: Level, Not In Development, Road Frontage
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50.00 x 129.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6463.00
  • Possible Use: Commercial, Residential
  • Soil Types: Unknown
  • Topography Description: Cleared lot with small growth in the middle of an oceanside block.
  • Year Assessed: 2020
  • Zoning: TN
  • Zoning Description: https://fenwickisland.delaware.gov
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5120855
  • School Tax: 398.00
  • Tax Annual Amount: 902.00
  • Assessor Parcel Number: 134-23.12-213.02
  • Tax Lot: 19
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/10/2021

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
May 10, 2021
Sold by
M & M Properties Llc
Bought by
Derrick Matthew and Derrick Pritiben
Seller's Agent
Kathy Cramer
BETHANY AREA REALTY LLC
Buyer's Agent
Byron Hudtloff
RE/MAX Realty Centre, Inc.
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Current Estimated Value
$1,702,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,152,333
Avg. Annual Appreciation
26.56%
Original Mortgage
$990,000
Outstanding Balance
$902,788
Interest Rate
2.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$622,212

Purchase Details

Closed on
Jul 11, 2017
Sold by
Department Of Finance Of Sussex County
Bought by
M And M Properties Llc
Source: Public Records

Range of Values:

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List Price
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
Derrick Matthew $550,000 None Available
M And M Properties Llc $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derrick Matthew $200,000
Open Derrick Matthew $990,000
Closed Derrick Matthew $990,000
Previous Owner M & M Properices Llc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $550,000 -8.2% --
03/15/2021 03/15/21 Pending -- -- --
01/26/2021 01/26/21 Price Changed $599,000 +9.1% --
01/13/2021 01/13/21 For Sale $549,000 -- --
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
2024 $2,027 $12,000 $12,000 $0
2023 $2,025 $12,000 $12,000 $0
2022 $1,888 $12,000 $12,000 $0
2021 $486 $12,000 $12,000 $0
2020 $467 $12,000 $12,000 $0
2019 $465 $12,000 $12,000 $0
2018 $470 $12,000 $0 $0
2017 $473 $12,000 $0 $0
2016 $419 $12,000 $0 $0
2015 $432 $12,000 $0 $0
2014 $425 $12,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Cramer

    Seller's Agent in 2021

    Kathy Cramer

    BETHANY AREA REALTY LLC

    (302) 539-2145

    1 in this area

    46 Total Sales

    Kathy Cramer
    Section Image
  • Byron Hudtloff

    Buyer's Agent in 2021

    Byron Hudtloff

    RE/MAX

    (888) 888-7988

    1 in this area

    99 Total Sales

    Byron Hudtloff
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU175834

Bright MLS

APN: 134-23.12-213.02

Delaware Sussex County Fenwick Island 19944

1307 Coastal Hwy, Fenwick Island, DE

This home is located at 1307 Coastal Hwy, Fenwick Island, DE 19944 since 13 January 2021 and is currently estimated at $1,702,333. 1307 Coastal Hwy is a home located in Sussex County with nearby schools including Phillip C. Showell Elementary School, Selbyville Middle School, and Indian River High School.

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