NOT LISTED FOR SALE

2 Saulsbury St Unit 6 Dewey Beach, DE 19971

Estimated Value: $191,806 - $701,000

2 Beds
2 Baths
900 Sq Ft
$367/mo HOA Fee

Last Sold June 26, 2020

Last sale price $165,000 $183 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $2,500/month

18 Days on Market

Highlights

  • Ocean Front
  • Sandy Beach
  • 0.32 Acre Lot
  • Rehoboth Elementary School Rated A
  • Public Water Access
  • Coastal Architecture

About This Home

As of June 2020

Expires 2026- ground lease only-not fee simple. All parties fully aware. Beautiful Seaside Setting in Dewey Beach! Meticulously maintained, Ocean Front, and Turn-Key Furnished! This sunny unit offers ceiling fans throughout, hardwood flooring, master bedroom, screened porch, and views of the relaxing Atlantic Ocean. Imagine waking to the sound of the calming ocean! Cottage style with 2 bedrooms, inviting living area, and a nicely appointed kitchen with updated counters, crisp white cabinetry, and mosaic tiled back splash. The Colonial Seas condominium complex is located Oceanfront, so you are steps away from Dewey's white sandy beach. The complex is intimate: just 6 unique condos with a common area for grilling, outdoor shower and patio area. This property is for a cash buyer who wants the personal enjoyment of an ocean front living; with options to rent (in absence of situations out of anyone's control-Covid 19, State Mandates, etc.). Water/sewer quarterly 151 quarter +/-, rubbish included in condo. fee.

Last Agent to Sell the Property

Tracy Kelley

Jack Lingo - Rehoboth License #RA-0031023 Listed on: 04/27/2020

Jack Lingo - Rehoboth

Last Buyer's Agent

Bob Walsh

BAY COAST REALTY License #RS-0019816

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $787

Year Built

  • Built in 1963

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • South Facing Home
  • Cleared Lot
  • Land Lease expires in 6 years
  • Ground Rent expires in 6 years
  • Property is in very good condition

HOA Fees

  • $367 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 900 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Built-In Features
  • Chair Railings
  • Ceiling Fan
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Combination Kitchen and Living
  • Dining Area
  • Wood Flooring
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Kitchen in Efficiency Studio
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Paved Parking
  • Parking Lot
  • 2 Assigned Parking Spaces

Outdoor Features

  • Public Water Access
  • Property is near an ocean
  • Screened Patio
  • Porch

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Heat Pump System
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Community Details

  • Association fees include insurance, management
  • 6 Units
  • Low-Rise Condominium
  • Get Prop Management Condos
  • Colonial Seas Community
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.14-251.00-6

Property Details

Home Type

Condominium

Est. Annual Taxes

$787

Year Built

Built in 1963

Lot Details

0

HOA Fees

$367 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Land Lease
  • Exclusions: Personal Belongings
  • Inclusions: Turn Key, Including Pots/Pans, Linens, Furniture and Decorations.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1963
  • Remarks Public: Expires 2026- ground lease only-not fee simple. All parties fully aware. Beautiful Seaside Setting in Dewey Beach! Meticulously maintained, Ocean Front, and Turn-Key Furnished! This sunny unit offers ceiling fans throughout, hardwood flooring, master bedroom, screened porch, and views of the relaxing Atlantic Ocean. Imagine waking to the sound of the calming ocean! Cottage style with 2 bedrooms, inviting living area, and a nicely appointed kitchen with updated counters, crisp white cabinetry, and mosaic tiled back splash. The Colonial Seas condominium complex is located Oceanfront, so you are steps away from Dewey's white sandy beach. The complex is intimate: just 6 unique condos with a common area for grilling, outdoor shower and patio area. This property is for a cash buyer who wants the personal enjoyment of an ocean front living; with options to rent (in absence of situations out of anyone's control-Covid 19, State Mandates, etc.). Water/sewer quarterly 151 quarter +/-, rubbish included in condo. fee.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Water Heater, Washer, Refrigerator, Oven/Range - Electric, Microwave
  • Entry Floor: 2
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Ceiling Fan(s), Chair Railings, Dining Area, Combination Kitchen/Living, Kitchen - Efficiency
  • Window Features: Screens, Sliding
  • Fireplace: No
  • Door Features: Sliding Glass
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 205.56
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Street Lights
  • Roof: Flat
  • View: Ocean
  • Water Access Features: Public Beach, Public Access
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean-Dewey Beach
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Paved Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Heat Pump(s)
  • Electric Service: Circuit Breakers, Fuses
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4400.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: GET Prop Management
  • HOA Condo Co-Op Fee Includes: Insurance, Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 6
  • Land Use Code: RC
  • Lot Features: Cleared
  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: TN
  • Zoning Description: Town Codes
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 6
  • Lease Considered: No
  • Total Actual Rent: 59283.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • School Tax: 187.00
  • Tax Annual Amount: 787.00
  • Assessor Parcel Number: 334-20.14-251.00-6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/26/2020

Multi Family

  • Federal Flood Zone: AO
  • Income Expense List: Annual Ground Rent
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Sold $165,000 -10.8% $183 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/06/2020 05/06/20 Price Changed $185,000 -5.1% $206 / Sq Ft
04/27/2020 04/27/20 For Sale $195,000 -21.7% $217 / Sq Ft
09/09/2013 09/09/13 Sold $249,000 0.0% --
07/25/2013 07/25/13 Pending -- -- --
04/20/2013 04/20/13 For Sale $249,000 -- --
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 $535 $4,400 $0 $4,400
2023 $535 $4,400 $0 $4,400
2022 $528 $4,400 $0 $4,400
2021 $526 $4,400 $0 $4,400
2020 $524 $4,400 $0 $4,400
2019 $503 $4,400 $0 $4,400
2018 $193 $4,400 $0 $0
2017 $185 $4,400 $0 $0
2016 $204 $4,400 $0 $0
2015 $196 $4,400 $0 $0
2014 $195 $4,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy Kelley

    Seller's Agent in 2020

    Tracy Kelley

    Jack Lingo - Rehoboth

    (302) 227-3883

    7 in this area

    41 Total Sales

    Tracy Kelley
    Section Image
  • Bob Walsh

    Buyer's Agent in 2020

    Bob Walsh

    BAY COAST REALTY

    (302) 858-8462

    9 in this area

    27 Total Sales

    Bob Walsh
    Section Image

  • R

    Seller's Agent in 2013

    RICHARD HANEWINCKEL

    Mann & Sons, Inc.

See All Agents

Map

Source: Bright MLS

MLS Number: DESU160056

Bright MLS

APN: 334-20.14-251.00-1

Delaware Sussex County Dewey Beach 19971

2 Saulsbury St Unit 6, Dewey Beach, DE

This home is located at 2 Saulsbury St Unit 6, Dewey Beach, DE 19971 since 27 April 2020 and is currently estimated at $383,202, approximately $425 per square foot. This property was built in 1963. 2 Saulsbury St Unit 6 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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