NOT LISTED FOR SALE

37572 Lighthouse Rd Fenwick Island, DE 19944

Estimated Value: $1,032,000 - $1,527,000

2 Beds
1 Bath
750 Sq Ft
$1,591/Sq Ft Est. Value

Last Sold October 12, 2016

Last sale price $649,000 $865 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $6,392/month

405 Days on Market

Highlights

  • Deck
  • Wood Burning Stove
  • No HOA
  • Phillip C. Showell Elementary School Rated A-
  • Furnished
  • Cottage

About This Home

As of October 2016

Excellent summer 2 bedroom rental cottage located mid ocean block { 5th off the ocean} and just steps from the ocean and Fenwick + N Ocean City restaurants and attractions. This home can be bought and used as a summer retreat and or rented for the summer, build your own NEW single family home or duplex---live in one and sell or rent the other. Alternatively buy this property plus the 2 adjoining properties which are 3rd and 4th lots off the ocean and potentially build townhomes or duplexes{ MLS #'s 700779 and 700776}. Located in unincorporated area of Fenwick --NOT in the town and zoned C-1. Currently had weekly rentals booked for part of the 2015 season. Home is sold as is. . House sq footage is approximate.

Last Agent to Sell the Property

Dennis Mather

Long & Foster Real Estate, Inc. License #RS-0020611 Listed on: 07/02/2015

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Dennis Mather

Long & Foster Real Estate, Inc. License #RS-0020611 Listed on: 07/02/2015

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $718

Year Built

  • Built in 1951

Lot Details

  • 4,773 Sq Ft Lot
  • Lot Dimensions are 47 x 102
  • Partially Fenced Property
  • Zoning described as COMMERCIAL/RESIDENTIAL

Parking

  • Off-Site Parking

Home Design

  • Cottage
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 750 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room
  • Electric Dryer

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Screened Patio
  • Outbuilding
  • Porch

Location

  • Flood Risk

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Public Hookup Available For Water
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 134-23.20-155.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$718

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1951
  • Remarks Public: Excellent summer 2 bedroom rental cottage located mid ocean block { 5th off the ocean} and just steps from the ocean and Fenwick + N Ocean City restaurants and attractions. This home can be bought and used as a summer retreat and or rented for the summer, build your own NEW single family home or duplex---live in one and sell or rent the other. Alternatively buy this property plus the 2 adjoining properties which are 3rd and 4th lots off the ocean and potentially build townhomes or duplexes{ MLS #'s 700779 and 700776}. Located in unincorporated area of Fenwick --NOT in the town and zoned C-1. Currently had weekly rentals booked for part of the 2015 season. Home is sold as is. . House sq footage is approximate.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer - Electric
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Entry Level Bedroom
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 4
  • Room List: Living Room, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 750
  • Living Area Sq Ft: 750
  • Net Sq Ft: 750.00
  • Price Per Sq Ft: 865.33
  • Above Grade Finished Sq Ft: 750
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37572

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Site

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Wood Burn Stove, Baseboard
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public Hook-Up Available, Well

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Fencing: Partially
  • Lot Size Acres: 0.11
  • Lot Size Area: 4773
  • Lot Dimensions: 47 X 102
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4773.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning Description: COMMERCIAL/RESIDENTIAL

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5121568
  • Assessor Parcel Number: 134-23.20-155.00
  • County Tax Payment Frequency: Annually
  • Close Date: 10/12/2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2015
Closed on
Oct 14, 2016
Sold by
Rickards Center Llc
Bought by
Fishers Popcorn Fenwick Llc
Seller's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
Buyer's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
List Price
$725,000
Sold Price
$649,000
Premium/Discount to List
-$76,000
-10.48%
Total Days on Market
405
Current Estimated Value
$1,192,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$543,962
Avg. Annual Appreciation
7.27%

Purchase Details

Listed on
Jul 2, 2015
Closed on
Oct 10, 2016
Sold by
Rickards Center Llc
Bought by
Fishers Popcorn Fenwick Llc
Seller's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
Buyer's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
List Price
$725,000
Sold Price
$649,000
Premium/Discount to List
-$76,000
-10.48%

Purchase Details

Closed on
Jan 10, 1995
Bought by
Rickards Center Partnership
Source: Public Records

Range of Values:

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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
Fishers Popcorn Fenwick Llc $649,000 None Available
Rickards Center Llc -- None Available
Fishers Popcorn Fenwick Llc $649,000 None Available
Rickards Center Llc -- None Available
Rickards Center Partnership -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2016 10/12/16 Sold $649,000 -10.5% $865 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
07/02/2015 07/02/15 For Sale $725,000 -- $967 / 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 $718 $17,050 $10,500 $6,550
2023 $717 $17,050 $10,500 $6,550
2022 $706 $17,050 $10,500 $6,550
2021 $685 $17,050 $10,500 $6,550
2020 $657 $17,050 $10,500 $6,550
2019 $654 $17,050 $10,500 $6,550
2018 $661 $17,050 $0 $0
2017 $666 $17,050 $0 $0
2016 $589 $17,050 $0 $0
2015 $606 $17,050 $0 $0
2014 $598 $17,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Mather

    Seller's Agent in 2016

    Dennis Mather

    Long & Foster

    (302) 396-0002

    6 in this area

    31 Total Sales

    Dennis Mather
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001007962

Bright MLS

APN: 134-23.20-155.00

Delaware Sussex County Fenwick Island 19944

37572 Lighthouse Rd, Fenwick Island, DE

This home is located at 37572 Lighthouse Rd, Fenwick Island, DE 19944 since 02 July 2015 and is currently estimated at $1,192,962, approximately $1,590 per square foot. This property was built in 1951. 37572 Lighthouse Rd is a home located in Sussex County with nearby schools including Phillip C. Showell Elementary School, Selbyville Middle School, and Indian River High School.

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