NOT LISTED FOR SALE

20 Carolina St Dewey Beach, DE 19971

Estimated Value: $653,800 - $1,445,000

3 Beds
2 Baths
1,000 Sq Ft
$1,005/Sq Ft Est. Value

Last Sold March 20, 2019

Last sale price $440,000 $440 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $5,647/month

17 Days on Market

Highlights

  • Coastal Architecture
  • Deck
  • Porch
  • Rehoboth Elementary School Rated A
  • No HOA
  • Screened Patio

About This Home

As of March 2019

Rarely available ocean block home on popular Carolina Street! This classic Dewey Beach cottage allows for a unique opportunity to own a home within a half block of the ocean. The screened front porch overlooks the street and a large driveway for ample parking. The charming cottage floor plan boasts a living room with an open beam ceiling and a fireplace. The cozy kitchen has just been updated with new countertops, stove, sink, faucet and painted gray cabinets. There are 3 nicely sized bedrooms , hall bath and a 2 year old master bath. The rear has a nice sized composite deck, outdoor shower and shed. Home is being sold Turn Key, sleeps 8 and has solid rental history of $25K per year. Priced to sell at recent appraised value. Property has a 58 year lease which allows you to have it for generations to come!

Last Listed By

Kathleen Eddins

Patterson-Schwartz-Hockessin License #RS-296880 Listed on: 02/04/2019

Patterson-Schwartz-Hockessin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $494

Year Built

  • Built in 1964

Lot Details

  • 4,996 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Land Lease of $24,975 per year expires in 58 years
  • Ground Rent expires in 58 years

Home Design

  • Coastal Architecture
  • Cottage
  • Wood Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Property has 1 Level
  • Self Contained Fireplace Unit Or Insert
  • Brick Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Utilities

  • Cooling System Utilizes Bottled Gas
  • Window Unit Cooling System
  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.10-116.00-2481

Home Details

Home Type

Single Family

Est. Annual Taxes

$494

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Inclusions: All Furniture, Washer, Dryer, Refrigerator
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1964
  • Remarks Public: Rarely available ocean block home on popular Carolina Street! This classic Dewey Beach cottage allows for a unique opportunity to own a home within a half block of the ocean. The screened front porch overlooks the street and a large driveway for ample parking. The charming cottage floor plan boasts a living room with an open beam ceiling and a fireplace. The cozy kitchen has just been updated with new countertops, stove, sink, faucet and painted gray cabinets. There are 3 nicely sized bedrooms , hall bath and a 2 year old master bath. The rear has a nice sized composite deck, outdoor shower and shed. Home is being sold Turn Key, sleeps 8 and has solid rental history of $25K per year. Priced to sell at recent appraised value. Property has a 58 year lease which allows you to have it for generations to come!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Brick, Insert
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room Count: 5
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1000
  • Living Area Sq Ft: 1000
  • Price Per Sq Ft: 450.00
  • Above Grade Finished Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Wood Siding
  • Exterior Features: Outbuilding(s)
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Horses: No
  • Land Lease Amount: 24975.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 58
  • Land Lease: Yes
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4996.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning: Q
  • In City Limits: No

Rental Info

  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 58
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5203366
  • School Tax: 444.00
  • Tax Annual Amount: 494.00
  • Assessor Parcel Number: 334-20.10-116.00-2481
  • Tax Year: 2018
  • Close Date: 03/20/2019

Multi Family

  • Income Expense List: Annual Ground Rent, 85011845588

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

Mortgage History

Date Status Borrower Loan Amount
Closed Sakellariou Kelly A $300,000
Closed Hillam Shane $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2019 03/20/19 Sold $440,000 -2.2% $440 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $450,000 +21.6% $450 / Sq Ft
06/09/2017 06/09/17 Sold $370,000 -11.9% $370 / Sq Ft
04/01/2017 04/01/17 Pending -- -- --
01/18/2017 01/18/17 For Sale $419,900 -- $420 / 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 $873 $11,250 $11,250 $0
2023 $873 $11,250 $11,250 $0
2022 $853 $11,250 $11,250 $0
2021 $848 $11,250 $11,250 $0
2020 $846 $11,250 $11,250 $0
2019 $825 $11,250 $11,250 $0
2018 $494 $11,250 $0 $0
2017 $473 $11,250 $0 $0
2016 $485 $11,250 $0 $0
2015 $465 $11,250 $0 $0
2014 $462 $11,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: DESU131302

Bright MLS

APN: 334-20.10-116.00