NOT LISTED FOR SALE

3 E Indian St Fenwick Island, DE 19944

Estimated Value: $617,377 - $2,822,000

6 Beds
5.5 Baths
3,981 Sq Ft
$504/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $2,250,000 $565 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $10,876/month

51 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • In Ground Pool
  • Phillip C. Showell Elementary School Rated A-
  • Water Access
  • Building is oceanfront but unit may not have water views

About This Home

As of July 2021

Welcome to 3 Indian Street, just steps to gentle dunes and the white sand beaches of Fenwick Island! This beautiful coastal home is being sold furnished and is an ideal investment opportunity to add to your portfolio! Guests will enjoy an oceanside home boasting vaulted ceilings, a spacious open floor plan, a large gourmet kitchen embellished with granite countertops, stainless steel appliances, pendant lighting and a grand center island making it the perfect place to gather for morning coffee and plan your fun filled beach adventures! There is enough room to comfortably come together and enough room to spread out for quiet time too. An expansive family and dining rooms share a dual sided gas fireplace. Transition to a sunroom adorned with stunning porthole windows allowing an abundance of natural sunlight and sliding doors to the upper level patio with breathtaking ocean views. The primary bedroom en-suite features an oversized dual vanity sink with modern fixtures, custom tiled walk-in shower stall and a classic clawfoot tub. Five additional bedrooms and laundry complete the lower level sleeping quarters. If the beach isn’t calling you, take the plunge in the heated pool or grab your favorite libation and soak in the hot tub. This is a great location, easy walk to the beach and close to local restaurants, shopping and fun Fenwick attractions. Current rental bookings totaling more than $200,000 in revenue!

Last Agent to Sell the Property

Allison Stine

Northrop Realty License #RA-0031128 Listed on: 03/25/2021

Northrop Realty

Last Buyer's Agent

Charles Biddle

SANDCASTLE REALTY INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,132

Year Built

  • Built in 2005

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50.00 x 150.00
  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water
  • South Facing Home
  • Property is in excellent condition
  • Property is zoned TN

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 3,981 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Mantel
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Sliding Doors
  • Insulated Doors
  • Entrance Foyer
  • Family Room Off Kitchen
  • Formal Dining Room
  • Sun or Florida Room
  • Storage Room
  • Ocean Views
  • Attic

Kitchen

  • Gourmet Kitchen
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Walk-in Shower

Home Security

  • Fire and Smoke Detector
  • Flood Lights

Parking

  • 8 Parking Spaces
  • 8 Attached Carport Spaces
  • Driveway

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Multiple Balconies
  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Location

  • Flood Risk

Schools

  • Phillip C. Showell Elementary School
  • Selbyville Middle School
  • Indian River High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 134-23.12-181.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,132

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: Furnished and equipped as shown.
  • New Construction: No
  • Story List: Lower 1, Main
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 3 Indian Street, just steps to gentle dunes and the white sand beaches of Fenwick Island! This beautiful coastal home is being sold furnished and is an ideal investment opportunity to add to your portfolio! Guests will enjoy an oceanside home boasting vaulted ceilings, a spacious open floor plan, a large gourmet kitchen embellished with granite countertops, stainless steel appliances, pendant lighting and a grand center island making it the perfect place to gather for morning coffee and plan your fun filled beach adventures! There is enough room to comfortably come together and enough room to spread out for quiet time too. An expansive family and dining rooms share a dual sided gas fireplace. Transition to a sunroom adorned with stunning porthole windows allowing an abundance of natural sunlight and sliding doors to the upper level patio with breathtaking ocean views. The primary bedroom en-suite features an oversized dual vanity sink with modern fixtures, custom tiled walk-in shower stall and a classic clawfoot tub. Five additional bedrooms and laundry complete the lower level sleeping quarters. If the beach isn’t calling you, take the plunge in the heated pool or grab your favorite libation and soak in the hot tub. This is a great location, easy walk to the beach and close to local restaurants, shopping and fun Fenwick attractions. Current rental bookings totaling more than $200,000 in revenue!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stainless Steel Appliances
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Built-Ins, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Stall Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane, Insulated, Vinyl Clad
  • Fireplace Features: Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Sliding Glass
  • Wall Ceiling Types: 9'+ Ceilings, Beamed Ceilings, Dry Wall, Vaulted Ceilings
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Foyer, Sun/Florida Room, Storage Room, Bedroom 6
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 3981
  • Living Area Sq Ft: 3981
  • Price Per Sq Ft: 607.89
  • Above Grade Finished Sq Ft: 3981
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 5
  • Lower Level Bedroom: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 4
  • Lower Levels Bathrooms: 4.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 4
  • Lower Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type
  • Exterior Features: Flood Lights, Secure Storage, Hot Tub, Outside Shower
  • Pool Features: In Ground
  • Roof: Architectural Shingle, Metal
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Carport Spaces: 8
  • Garage: No
  • Attached Carport Spaces: 8
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Carport, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: INDIAN RIVER
  • Elementary School: PHILLIP C. SHOWELL
  • Middle School: SELBYVILLE
  • High School: INDIAN RIVER
  • Elementary School Source: 3rd Party
  • High School Source: Listing Agent
  • Middle School Source: 3rd Party
  • School District Key: 300200396898
  • School District Source: 3rd Party
  • Elementary School: PHILLIP C. SHOWELL
  • High School: INDIAN RIVER
  • Middle Or Junior School: SELBYVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s), Patio(s), Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5120815
  • School Tax: 2207.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4131.91
  • Assessor Parcel Number: 134-23.12-181.00
  • Tax Lot: 9
  • Tax Total Finished Sq Ft: 713
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/09/2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2022
Sold by
Murtha Jr Robert C
Bought by
Murtha Robert Christopher and Joint Rosemary
Total Days on Market
51
Current Estimated Value
$2,006,126

Purchase Details

Listed on
Mar 25, 2021
Closed on
Jul 9, 2021
Sold by
Picard Ralph A
Bought by
Murtha Robert C and Murtha Rosemary G
Seller's Agent
Allison Stine
Northrop Realty
Buyer's Agent
Charles Biddle
SANDCASTLE REALTY INC
List Price
$2,650,000
Sold Price
$2,250,000
Premium/Discount to List
-$400,000
-15.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.81%
Original Mortgage
$1,800,000
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Murtha Robert Christopher -- Bonnie M Benson Pa
Murtha Robert C $2,250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murtha Robert C $1,410,000
Previous Owner Murtha Robert C $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $2,250,000 -7.0% $565 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
04/24/2021 04/24/21 Price Changed $2,420,000 -8.7% $608 / Sq Ft
03/25/2021 03/25/21 For Sale $2,650,000 -- $666 / 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 $2,765 $66,550 $12,500 $54,050
2023 $2,762 $66,550 $12,500 $54,050
2022 $2,717 $66,550 $12,500 $54,050
2021 $2,636 $66,550 $12,500 $54,050
2020 $2,519 $66,550 $12,500 $54,050
2019 $2,508 $66,550 $12,500 $54,050
2018 $2,532 $66,550 $0 $0
2017 $2,553 $66,550 $0 $0
2016 $2,252 $66,550 $0 $0
2015 $2,321 $66,550 $0 $0
2014 $2,286 $66,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU179654

Bright MLS

APN: 134-23.12-181.00