NOT LISTED FOR SALE

2 Mckinley St Unit 207 Dewey Beach, DE 19971

Estimated Value: $510,000 - $754,000

1 Bed
1 Bath
1,000 Sq Ft
1967 Built

Last Sold July 11, 2019

Last sale price $360,000 $360 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,427/month

Highlights

  • Ocean View
  • Home fronts navigable water
  • Sandy Beach
  • Rehoboth Elementary School Rated A
  • Water Access
  • 5-minute walk to John Waples Memorial Playground

About This Home

As of July 2019

Ocean front in Dewey Beach. Steps to the beach. Listen to the ocean waves from your front porch. Relax on your front porch and see it all. 1 assigned parking spaces. Being sold furnished.

Last Agent to Sell the Property

BILL PEIFFER

(302) 542-9318 billpeiffer@hotmail.com Patterson-Schwartz-Rehoboth License #RB-0020663 Listed on: 03/04/2019

Patterson-Schwartz-Rehoboth

Co-Listed By

John Black

(302) 249-6922 jblack@psre.com Patterson-Schwartz-Rehoboth

Last Buyer's Agent

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $825

Year Built

  • Built in 1967

Lot Details

  • Home fronts navigable water
  • Sandy Beach
  • Two or More Common Walls
  • Land Lease of $1,000 per year expires in 10 years
  • Ground Rent
  • Property is in good condition

Home Design

  • Stick Built Home
  • Cedar

Interior Spaces

  • 1,000 Sq Ft Home
  • Property has 1 Level
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Ocean Views
  • Laundry on lower level

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Deck
  • Outbuilding
  • Porch

Location

  • Flood Risk

Utilities

  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • $3,724 Recreation Fee
  • Association fees include laundry, trash
  • Low-Rise Condominium

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.18-192.00-207

Property Details

Home Type

Condominium

Est. Annual Taxes

$825

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Home Warranty: No
  • Inclusions: All furnishings
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1967
  • Remarks Public: Ocean front in Dewey Beach. Steps to the beach. Listen to the ocean waves from your front porch. Relax on your front porch and see it all. 1 assigned parking spaces. Being sold furnished.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Insulated
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Lower Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 1000
  • Living Area Sq Ft: 1000
  • Price Per Sq Ft: 399.90
  • Above Grade Finished Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • 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: Cedar, Stick Built
  • Exterior Features: Outbuilding(s), Outside Shower
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Laundry, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 3724.00
  • Association Recreation Fee: Yes

Schools

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

Lot Info

  • Land Lease Amount: 1000.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 10
  • Land Lease: Yes
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Good
  • Zoning: RESIDENTIAL
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: Yes
  • Total Actual Rent: 14000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5204881
  • Tax Annual Amount: 825.00
  • Assessor Parcel Number: 334-20.18-192.00-207
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 07/11/2019

Multi Family

  • Income Expense List: Annual Ground Rent, 85011845588
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 1999
Bought by
Rife Thomas W
Current Estimated Value
$632,446
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
Rife Thomas W -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2019 07/11/19 Sold $360,000 -10.0% $360 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $399,900 -- $400 / 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
2025 $1,049 $15,000 $0 $15,000
2024 $1,058 $15,000 $0 $15,000
2023 $1,057 $15,000 $0 $15,000
2022 $1,031 $15,000 $0 $15,000
2021 $1,025 $15,000 $0 $15,000
2020 $1,022 $15,000 $0 $15,000
2019 $1,001 $15,000 $0 $15,000
2018 $659 $17,000 $0 $0
2017 $715 $17,000 $0 $0
2016 $707 $17,000 $0 $0
2015 $677 $17,000 $0 $0
2014 $673 $17,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU133432

Bright MLS

APN: 334-20.18-192.00-207