NOT LISTED FOR SALE

2 E Cannon St Unit 5 Fenwick Island, DE 19944

Estimated Value: $671,000 - $1,016,000

3 Beds
4 Baths
-- Sq Ft
$200/mo HOA Fee

Last Sold October 16, 2020

Last sale price $665,000

Est. 29% increase in value since last sale

Current estimated payment $5,118/month

3 Days on Market

Highlights

  • Beach
  • Home fronts navigable water
  • Open Floorplan
  • Phillip C. Showell Elementary School Rated A-
  • Water Access
  • Coastal Architecture

About This Home

As of October 2020

Great investment opportunity to own this nicely updated town home in the heart of Fenwick Island. Located on the beach block and easy walk to shops and restaurants. Cannon Street beach is one of the least populated beaches in Fenwick Island. Three bedroom, 2 full and 2 half baths with outdoor shower and plenty of off-street parking. Plenty of space to spread out on 3 balconies. Many recent upgrades include, new roof (2019), new balconies (2017) and new HVAC (2018). Popular rental area, easy living at the beach!

Last Agent to Sell the Property

SHARON SLEVIN

Long & Foster Real Estate, Inc. Listed on: 09/04/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Ann Buxbaum

Northrop Realty

Northrop Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 2005

Lot Details

  • Home fronts navigable water
  • North Facing Home
  • Property is in excellent condition

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Slab Foundation
  • Shingle Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Mantel
  • Combination Dining and Living Room
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Electric Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • 2 Driveway Spaces
  • 2 Attached Carport Spaces

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean

Location

  • Flood Risk

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Vented Exhaust Fan
  • Private Water Source
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 134-23.16-251.00-5

Community Details

Overview

  • Association fees include exterior building maintenance, insurance, management, reserve funds, water
  • Fenwick Villas Condo Assn Condos
  • Fenwick Villas Community

Recreation

  • Beach

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,080

Year Built

Built in 2005

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: Some selected artwork and furnishings
  • Home Warranty: No
  • Inclusions: All furnishings and accessories
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Great investment opportunity to own this nicely updated town home in the heart of Fenwick Island. Located on the beach block and easy walk to shops and restaurants. Cannon Street beach is one of the least populated beaches in Fenwick Island. Three bedroom, 2 full and 2 half baths with outdoor shower and plenty of off-street parking. Plenty of space to spread out on 3 balconies. Many recent upgrades include, new roof (2019), new balconies (2017) and new HVAC (2018). Popular rental area, easy living at the beach!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer
  • Flooring Type: Laminated
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Table Space, Tub Shower, Stall Shower, Upgraded Countertops
  • Fireplace Features: Wood, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Upper Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 3
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Shingle Siding
  • Exterior Features: Outside Shower
  • Spa: No
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 2
  • Garage: No
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Carport, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Private/Community Water
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2400.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Fenwick Villas Condo Assn
  • HOA Condo Co-Op Amenities: Beach
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Insurance, Management, Reserve Funds, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5121233
  • School Tax: 952.00
  • Tax Annual Amount: 1080.00
  • Assessor Parcel Number: 134-23.16-251.00-5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/16/2020

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
Sep 4, 2020
Closed on
Oct 16, 2020
Sold by
Shay Allen C and Shay Robin W
Bought by
Franke Kenneth M and Franke Virginia S
Seller's Agent
SHARON SLEVIN
Long & Foster Real Estate, Inc.
Buyer's Agent
Ann Buxbaum
Northrop Realty
List Price
$669,000
Sold Price
$665,000
Premium/Discount to List
-$4,000
-0.6%
Total Days on Market
3
Current Estimated Value
$859,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,929
Avg. Annual Appreciation
5.67%
Original Mortgage
$498,750
Outstanding Balance
$446,844
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$413,085
Source: Public Records

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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
Franke Kenneth M $665,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franke Kenneth M $498,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $665,000 -0.6% --
09/07/2020 09/07/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $669,000 -- --
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 $1,362 $28,700 $0 $28,700
2023 $1,361 $28,700 $0 $28,700
2022 $1,339 $28,700 $0 $28,700
2021 $1,299 $28,700 $0 $28,700
2020 $1,243 $28,700 $0 $28,700
2019 $1,237 $28,700 $0 $28,700
2018 $1,249 $32,700 $0 $0
2017 $1,259 $32,700 $0 $0
2016 $1,111 $32,700 $0 $0
2015 $1,145 $32,700 $0 $0
2014 $1,128 $32,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • SHARON SLEVIN

    Seller's Agent in 2020

    SHARON SLEVIN

    Long & Foster

    (410) 299-6627

    Section Image
  • Ann Buxbaum

    Buyer's Agent in 2020

    Ann Buxbaum

    Creig Northrop Team of Long & Foster

    (443) 235-0878

    1 in this area

    167 Total Sales

    Ann Buxbaum
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU168262

Bright MLS

APN: 134-23.16-251.00-5

Delaware Sussex County Fenwick Island 19944

2 E Cannon St Unit 5, Fenwick Island, DE

This home is located at 2 E Cannon St Unit 5, Fenwick Island, DE 19944 since 04 September 2020 and is currently estimated at $859,929. This property was built in 2005. 2 E Cannon St Unit 5 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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