NOT LISTED FOR SALE

23 Mckinley Ave Dewey Beach, DE 19971

Estimated Value: $913,000 - $1,242,000

3 Beds
2.5 Baths
1,200 Sq Ft
$949/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $1,150,000 $958 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,403/month

143 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 3-minute walk to John Waples Memorial Playground
  • Rehoboth Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of April 2024

Super opportunity to own this ocean side renovated 3-bedroom 2.5 bath 1400 square foot beach home. The 2nd floor deck and screened in porch off the open concept living room, make this property an ideal beach retreat. Over sized parking area, outdoor shower and grilling area are an added bonus in a beach town where outdoor space is scarce. Property has a build option to double the existing footprint, another rarity in Dewey Beach. Proven rental history of over $75,000 per year, with repeat family weekly rentals. Buy both 23 and 25 McKinley Ave. for a rental income of over $175,000 per year. A new owner can live in one and rent the other. Close to all the hot spots and restaurants, but private enough to enjoy the tranquility of the beach and ocean. There have been many updates to this property with new composite siding being the most recent. Plenty of off street parking. All furniture and appliances included in the sale. Specifics on size will need to be confirmed by town of Dewey Beach and we urge buyers to confirm for themselves.
Come and put your toes in the sand and know that once you park your car you never have to cross a street to get to the ocean....Bliss awaits...Truly a remarkable property.

Last Agent to Sell the Property

Linda Chase

Compass License #RS-321053 Listed on: 10/16/2023

Compass

Co-Listed By

Richard Oberly

Compass

Last Buyer's Agent

Linda Chase

Compass License #RS-321053 Listed on: 10/16/2023

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $926

Year Built

  • Built in 1981

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 2 Levels
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • Driveway
  • Off-Street Parking

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-20.18-165.05-1

Community Details

Overview

  • No Home Owners Association

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$926

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-10-16
  • Federal Flood Zone: Yes
  • Year Built: 1981
  • Automatically Close On Close Date: No
  • Remarks Public: Super opportunity to own this ocean side renovated 3-bedroom 2.5 bath 1400 square foot beach home. The 2nd floor deck and screened in porch off the open concept living room, make this property an ideal beach retreat. Over sized parking area, outdoor shower and grilling area are an added bonus in a beach town where outdoor space is scarce. Property has a build option to double the existing footprint, another rarity in Dewey Beach. Proven rental history of over $75,000 per year, with repeat family weekly rentals. Buy both 23 and 25 McKinley Ave. for a rental income of over $175,000 per year. A new owner can live in one and rent the other. Close to all the hot spots and restaurants, but private enough to enjoy the tranquility of the beach and ocean. There have been many updates to this property with new composite siding being the most recent. Plenty of off street parking. All furniture and appliances included in the sale. Specifics on size will need to be confirmed by town of Dewey Beach and we urge buyers to confirm for themselves. Come and put your toes in the sand and know that once you park your car you never have to cross a street to get to the ocean....Bliss awaits...Truly a remarkable property.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 958.33
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 23

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • 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

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: TN
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 842.00
  • Tax Annual Amount: 926.00
  • Assessor Parcel Number: 334-20.18-165.05-1
  • Tax Total Finished Sq Ft: 600
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 04/19/2024

Multi Family

  • Federal Flood Zone: AO

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2023
Closed on
Apr 19, 2024
Sold by
Brennan William G
Bought by
Montenegro Living Trust
Seller's Agent
Linda Chase
Compass
Buyer's Agent
Linda Chase
Compass
List Price
$1,400,000
Sold Price
$1,150,000
Premium/Discount to List
-$250,000
-17.86%
Views
131
Current Estimated Value
$1,138,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,655
Avg. Annual Appreciation
-0.80%
Original Mortgage
$766,550
Outstanding Balance
$759,253
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$379,092

Purchase Details

Closed on
Nov 29, 2001
Bought by
Brennan William G Linda A Brennan
Source: Public Records

Range of Values:

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Average Value
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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
Montenegro Living Trust $1,150,000 None Listed On Document
Brennan William G Linda A Brennan $392,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montenegro Living Trust $766,550
Previous Owner Brennan William G $100,000
Previous Owner Brennan William G $504,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $1,150,000 -14.8% $958 / Sq Ft
02/06/2024 02/06/24 Price Changed $1,350,000 -3.6% $1,125 / Sq Ft
10/16/2023 10/16/23 For Sale $1,400,000 -- $1,167 / 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 $1,245 $13,800 $0 $13,800
2023 $1,244 $13,800 $0 $13,800
2022 $1,212 $13,800 $0 $13,800
2021 $1,204 $13,800 $0 $13,800
2020 $1,200 $13,800 $0 $13,800
2019 $1,180 $13,800 $0 $13,800
2018 $826 $18,800 $0 $0
2017 $791 $18,800 $0 $0
2016 $779 $18,800 $0 $0
2015 $746 $18,800 $0 $0
2014 $741 $18,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2049886

Bright MLS

APN: 334-20.18-165.05-1