NOT LISTED FOR SALE

31351 Falmouth Way Unit 58 Lewes, DE 19958

Estimated Value: $361,367 - $572,000

3 Beds
2.5 Baths
2,120 Sq Ft
$244/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $392,900 $185 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,103/month

Highlights

  • Traditional Architecture
  • Community Pool
  • More Than Two Accessible Exits
  • Love Creek Elementary School Rated A
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of March 2021

INVESTMENT OPPURTUNITY. This property has a year lease in place ending 5/01/22. Purchase now collect rent until next year. Pristine townhome in the premier resort style community the Coastal Club. This home features 3 bedrooms and 2.5 baths with a first floor master suite. There is a flex space on the second floor that could be an additional bedroom or office. The custom kitchen features granite counters, backsplash, black stainless steel appliances, and 42 inch custom cabinets. The first floor is custom painted and features the latest LVP Core -Tec flooring. The first floor master has custom bath and walk in closet. The second floor has two large bedrooms full bath and the flex room. The paver patio is perfect for barbecuing. Coastal club amenities include large outdoor pool with kids pool area with water slide and pirate ship, indoor pool, SWIM up bar. The main club house has a gym, pool tables and shuffleboard. Tennis, pickleball , horseshoes and shuffleboard as well. Nothing left out. The club fee is 515 per quarter. This is the best value in Coastal Club. SHOWINGS START. 3/1/21. 24 hour notice please

Last Agent to Sell the Property

Timothy Brennan

(610) 513-4995 tgbrennan@AOL.com Long & Foster Real Estate, Inc. License #AB066149 Listed on: 02/07/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Michael Kennedy

(302) 381-7001 michael.kennedy@compass.com Compass License #RS-0024358

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,063

Year Built

  • Built in 2016

HOA Fees

Parking

  • 1 Car Attached Garage
  • Front Facing Garage

Home Design

  • Traditional Architecture
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • Property has 2 Levels

Bedrooms and Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-11.00-394.00-58

Community Details

Overview

  • $515 Recreation Fee
  • $2,750 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn maintenance, management, snow removal, trash
  • $5,000 Other One-Time Fees
  • Seascape HOA
  • Seabury Condo Association Condos
  • Coastal Club Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,063

Year Built

Built in 2016

Lot Details

0

HOA Fees

$266 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: Refrigerator, washer, dryer
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: INVESTMENT OPPURTUNITY. This property has a year lease in place ending 5/01/22. Purchase now collect rent until next year. Pristine townhome in the premier resort style community the Coastal Club. This home features 3 bedrooms and 2.5 baths with a first floor master suite. There is a flex space on the second floor that could be an additional bedroom or office. The custom kitchen features granite counters, backsplash, black stainless steel appliances, and 42 inch custom cabinets. The first floor is custom painted and features the latest LVP Core -Tec flooring. The first floor master has custom bath and walk in closet. The second floor has two large bedrooms full bath and the flex room. The paver patio is perfect for barbecuing. Coastal club amenities include large outdoor pool with kids pool area with water slide and pirate ship, indoor pool, SWIM up bar. The main club house has a gym, pool tables and shuffleboard. Tennis, pickleball , horseshoes and shuffleboard as well. Nothing left out. The club fee is 515 per quarter. This is the best value in Coastal Club. SHOWINGS START. 3/1/21. 24 hour notice please
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 4240
  • Living Area Sq Ft: 2120
  • Price Per Sq Ft: 186.27
  • Above Grade Finished Sq Ft: 2120
  • Above Grade Unfinished Sq Ft: 2120
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31351

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • 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: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Paved Parking
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 549.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Seabury Condo Association
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Maintenance, Management, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA Name: SEASCAPE
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: 515.00
  • Association Recreation Fee: Yes

Fee Information

  • Other Fees: 5000.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 2750.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 9651289
  • School Tax: 963.00
  • Tax Annual Amount: 1063.00
  • Assessor Parcel Number: 334-11.00-394.00-58
  • Tax Total Finished Sq Ft: 700
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/31/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2021
Closed on
Mar 31, 2021
Sold by
Ferlenda Anthony and Ferlenda B
Bought by
Li Jaimie and Li Michael
Seller's Agent
Timothy Brennan
Long & Foster Real Estate, Inc.
Buyer's Agent
Michael Kennedy
Compass
List Price
$394,900
Sold Price
$392,900
Premium/Discount to List
-$2,000
-0.51%
Current Estimated Value
$517,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,942
Avg. Annual Appreciation
6.31%
Original Mortgage
$314,320
Outstanding Balance
$283,793
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$234,049
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
Li Jaimie $392,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Jaimie $314,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $392,900 -0.5% $185 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/07/2021 02/07/21 For Sale $394,900 0.0% $186 / Sq Ft
05/01/2020 05/01/20 Rented $2,195 0.0% --
04/25/2020 04/25/20 Under Contract -- -- --
04/10/2020 04/10/20 For Rent $2,195 0.0% --
09/20/2016 09/20/16 Sold $316,685 +9.2% $209 / Sq Ft
04/03/2016 04/03/16 Pending -- -- --
04/03/2016 04/03/16 For Sale $289,990 -- $192 / 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
2025 $1,101 $22,300 $0 $22,300
2024 $1,116 $22,300 $0 $22,300
2023 $1,115 $22,300 $0 $22,300
2022 $1,077 $22,300 $0 $22,300
2021 $1,067 $22,300 $0 $22,300
2020 $1,063 $22,300 $0 $22,300
2019 $1,065 $22,300 $0 $22,300
2018 $1,001 $22,800 $0 $0
2017 $959 $22,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU177170

Bright MLS

APN: 334-11.00-0394.00- 58