NOT LISTED FOR SALE

37574 Lighthouse Rd Unit 2 Fenwick Island, DE 19944

Estimated Value: $1,197,000 - $1,694,000

4 Beds
4.5 Baths
2,400 Sq Ft
$580/Sq Ft Est. Value

Last Sold June 03, 2019

Last sale price $995,000 $415 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,936/month

50 Days on Market

Highlights

  • Ocean View
  • Newly Remodeled
  • Open Floorplan
  • Phillip C. Showell Elementary School Rated A-
  • Water Oriented
  • Coastal Architecture

About This Home

As of June 2019

Brand NEW 4 bedroom and 4.5 bath mid ocean block 2400 sq. ft. semi detached townhome with an elevator and NO Condo or HOA fees or Town taxes . Main living level is on the top floor to maximize ocean and town views. Awesome ocean views from every deck and from living room. Each of the first 2 levels above ground feature 2 bedrooms and each bedroom with its own private bath. Hardwood on all 3 levels. Easy care Frigidaire stainless kitchen appliances, granite counter tops, GE High Efficiency Washer and Dryer, Yoder custom cabinets throughout. Living room features an attractive electric fireplace with stone surround. Currently offered for up to $4800 per week in rental program. As of 4/1 over $31,000 booked to date for 2019. Buyer must honor any booked rentals for 2019. Home is fully furnished and all furnishings are negotiable but not included in offering price. Also large storage-utility room is included on ground level. Note this is the Eastern home of the duplex. West side of duplex also available for $945,000

Last Agent to Sell the Property

Dennis Mather

Long & Foster Real Estate, Inc. License #RS-0020611 Listed on: 02/26/2019

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Joyce Henderson

Coldwell Banker Realty

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,760

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 4,792 Sq Ft Lot
  • Infill Lot
  • North Facing Home
  • Partially Fenced Property
  • Property is in excellent condition

Home Design

  • Semi-Detached or Twin Home
  • Coastal Architecture
  • Contemporary Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 3 Levels
  • 1 Elevator
  • Open Floorplan
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Stone Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Dining Area
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • 1 Attached Carport Space
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Deck
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Heat Pump System
  • High-Efficiency Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Windows with Low Emissivity
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-23.20-156.00-2

Community Details

Overview

  • No Home Owners Association
  • Built by Yoder

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,760

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Home is fully furnished for rental program. Furnishings are not included in listing price but are negotiable and for sale
  • Historic: No
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2018
  • Remarks Public: Brand NEW 4 bedroom and 4.5 bath mid ocean block 2400 sq. ft. semi detached townhome with an elevator and NO Condo or HOA fees or Town taxes . Main living level is on the top floor to maximize ocean and town views. Awesome ocean views from every deck and from living room. Each of the first 2 levels above ground feature 2 bedrooms and each bedroom with its own private bath. Hardwood on all 3 levels. Easy care Frigidaire stainless kitchen appliances, granite counter tops, GE High Efficiency Washer and Dryer, Yoder custom cabinets throughout. Living room features an attractive electric fireplace with stone surround. Currently offered for up to $4800 per week in rental program. As of 4/1 over $31,000 booked to date for 2019. Buyer must honor any booked rentals for 2019. Home is fully furnished and all furnishings are negotiable but not included in offering price. Also large storage-utility room is included on ground level. Note this is the Eastern home of the duplex. West side of duplex also available for $945,000
  • Special Features: 4098
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Range Hood, Stainless Steel Appliances, Washer, Water Heater - High-Efficiency
  • Entry Floor: 1
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Dining Area, Elevator, Floor Plan - Open, Kitchen - Island, Pantry, Sprinkler System, Upgraded Countertops, Window Treatments, Wood Floors
  • Window Features: Double Pane, Energy Efficient, Insulated, Low-E, Screens
  • Fireplace Features: Stone
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Foundation Details: Pilings
  • Floors In Unit Count: 4
  • Levels Count: 3+
  • Basement: No
  • Laundry Type: Dryer In Unit, Lower Floor, Washer In Unit
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 414.58
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37574

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Exterior Lighting, Secure Storage
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • View: Ocean
  • Water Access: No
  • Water Body Name: ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Concrete Driveway
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Carport, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

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

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Partially
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4791.60
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good, Excellent
  • Soil Types: Unknown
  • Zoning: CX INST: CONDO EXEMPT
  • Zoning Description: Residential
  • In City Limits: No

Green Features

  • Clean Green Assessed: No
  • R Factor Ceilings: 49
  • R Factor Ext Walls: 23

Building Info

  • Builder Name: Yoder

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 17956664
  • School Tax: 1553.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1760.00
  • Assessor Parcel Number: 134-23.20-156.00-2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 06/03/2019

Multi Family

  • Federal Flood Zone: AO

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2023
Sold by
Barry Kevin M and Barry Samira
Bought by
Barry Family Trust
Total Days on Market
50
Current Estimated Value
$1,391,667

Purchase Details

Listed on
Feb 26, 2019
Closed on
Jun 25, 2019
Sold by
Jmh Investments Llc
Bought by
Barry Kevin M and Barry Samira
Seller's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
Buyer's Agent
Joyce Henderson
Coldwell Banker Realty
List Price
$995,000
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$490,000
Interest Rate
3.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

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Range of Values:

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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
Barry Family Trust -- None Listed On Document
Barry Kevin M $945,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barry Kevin M $742,000
Previous Owner Barry Kevin M $490,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2019 06/03/19 Sold $995,000 0.0% $415 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
02/26/2019 02/26/19 For Sale $995,000 -- $415 / 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 $1,935 $10,500 $10,500 $0
2023 $1,933 $10,500 $10,500 $0
2022 $1,902 $10,500 $10,500 $0
2021 $1,845 $10,500 $10,500 $0
2020 $1,764 $10,500 $10,500 $0
2019 $1,756 $10,500 $10,500 $0
2018 $1,773 $46,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU132480

Bright MLS

APN: 13423200156002