Seller's Agent in 2021
JOSEPH CHOMA
BHHS PenFed (actual)
(302) 381-5602
17 in this area
40 Total Sales
25 Read Ave Unit 1 Dewey Beach, DE 19971
Estimated Value: $877,000 - $1,306,000
4
Beds
3.5
Baths
--
Sq Ft
$525/mo
HOA Fee
Highlights
- Ocean View
- Home fronts navigable water
- Public Beach
- Rehoboth Elementary School Rated A
- Canoe or Kayak Water Access
- 3-minute walk to John Waples Memorial Playground
About This Home
As of August 2021Introducing 25 Read Ave #1 Seabreeze Village! This 4bedroom 3.5 bath ocean block townhouse is an end unit (oceanside) with additional windows creating a brilliant sunshine splashed living area. Ocean views from the master bedroom and 2nd & 3rd floor balconies. This ocean block townhome offers 2 master suites (entry level & 3rd floor), all new replacement windows, three new glass sliders (2 years old) and a newer hvac system (5 years old). The kitchen was remodeled in 2016 that includes new cabinets, appliances, corian counters and ceramic tile floors, recessed and new lighting fixtures. The 2nd floor (main living area) offers an open floorplan that includes the kitchen, open dining and family room which creates an atmosphere that's excellent for family gatherings, BBQ's... The rare community inground pool offers yet another excellent gathering area! The front staircase of the building has just been replaced with upgraded synthetic decking and vinyl rails and all assessments have been paid by the seller. Enjoy the outdoors off of one of the three balconies or the front screened porch. Summer rentals are in place. The rental income for 2021 to date is $40,945. This unit is fully furnished, turn key with rental incomes conveying to the purchaser from the settlement date forward. The present owner hasn't raised their rents for several years. This unit could easily generate $50K+ with some off season rentals. This is an excellent opportunity to own in the ocean block in Dewey!
Last Listed By
Berkshire Hathaway HomeServices PenFed Realty License #RS-0015525 Listed on: 05/27/2021
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,571
Lot Details
- Home fronts navigable water
- Public Beach
- Board Fence
HOA Fees
- $525 Monthly HOA Fees
Property Views
- Ocean
- Bay
Home Design
- Reverse Style Home
- Architectural Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- Property has 3 Levels
- Open Floorplan
- Furnished
- Built-In Features
- Recessed Lighting
- Double Pane Windows
- Replacement Windows
- Vinyl Clad Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Family Room Off Kitchen
- Dining Room
- Carpet
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on upper level
- Electric Dryer
- Washer
Home Security
Parking
- Off-Street Parking
- 2 Assigned Parking Spaces
Outdoor Features
- Outdoor Shower
- Canoe or Kayak Water Access
- Public Water Access
- Property is near an ocean
- Personal Watercraft
- Sail
- Swimming Allowed
- Powered Boats Permitted
- Multiple Balconies
- Screened Patio
Location
- Flood Risk
Utilities
- Forced Air Heating and Cooling System
- Back Up Electric Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-20.18-203.01-1
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, insurance, pool(s)
- Seabreeze Village Community
Amenities
- Common Area
Recreation
- Community Pool
- Fishing Allowed
Pet Policy
- No Pets Allowed
Security
- Storm Windows
- Storm Doors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 10, 2024
Sold by
Tobin Stacie E and Murphy Michael J
Bought by
Trudy M Mccormac Revocable Trust and Mccormac
Total Days on Market
22
Current Estimated Value
Purchase Details
Closed on
May 28, 2020
Sold by
Moskowitz David E
Bought by
Beachtime Com Llc
Purchase Details
Closed on
Jan 6, 2020
Sold by
Kosch Jean L
Bought by
Welch Rosemary C and Altemose Rachael W
Purchase Details
Closed on
Mar 16, 2000
Bought by
K & V Shaud Family Limited Part
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Trudy M Mccormac Revocable Trust | $1,215,000 | None Listed On Document | |
| Beachtime Com Llc | -- | None Available | |
| Welch Rosemary C | -- | None Available | |
| K & V Shaud Family Limited Part | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Stours Barbara P | $376,500 | |
| Previous Owner | Seabreeze Homeowners Association Inc | $57,000 | |
| Previous Owner | Roth Ryan D | $378,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2021 08/18/21 | Sold | $950,000 | -4.8% | -- |
| 05/27/2021 05/27/21 | For Sale | $997,500 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | -- | $34,800 | $34,800 | $0 |
| 2023 | $0 | $34,800 | $34,800 | $0 |
| 2022 | $0 | $34,800 | $34,800 | $0 |
| 2021 | $1,634 | $34,800 | $34,800 | $0 |
| 2020 | $1,634 | $34,800 | $34,800 | $0 |
| 2019 | $1,636 | $34,800 | $34,800 | $0 |
| 2018 | $0 | $34,800 | $0 | $0 |
| 2017 | $1,463 | $34,800 | $0 | $0 |
| 2016 | -- | $34,800 | $0 | $0 |
| 2015 | -- | $34,800 | $0 | $0 |
| 2014 | -- | $34,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
JOSEPH CHOMA
Map
Source: Bright MLS
MLS Number: DESU183908
APN: 334-20.18-203.01
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