NOT LISTED FOR SALE

40 Collins St Dewey Beach, DE 19971

Estimated Value: $1,923,115 - $2,569,000

6 Beds
4 Baths
2,222 Sq Ft
$995/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $1,150,000 $518 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $12,788/month

69 Days on Market

Highlights

  • 0.22 Acre Lot
  • Coastal Architecture
  • Corner Lot
  • Rehoboth Elementary School Rated A
  • Deck
  • 1-minute walk to Delaware Seashore State Park

About This Home

As of July 2018

Large Beach home on Ocean Block. 6 Bedrooms, 4 Baths, Kitchen with glass top electric range, 2 side by side refrigerators, microwave over range, dish washer and a washer & dryer on each floor. There are 4 garages on ground level with 2 story home above. Wood decks surround home on each level. Dining area & 2 living areas. 8 additional parking spaces. This home produces a great rental income.

Last Agent to Sell the Property

BRUCE WRIGHT

Mann & Sons, Inc. License #RS-0016583 Listed on: 04/14/2018

Co-Listed By

DIANN CORSNITZ

Compass License #RS-0022146

Last Buyer's Agent

BRUCE WRIGHT

Mann & Sons, Inc. License #RS-0016583 Listed on: 04/14/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,379

Year Built

  • Built in 2001

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 91x104
  • Corner Lot
  • Property is zoned AR 1, MEDIUM RESIDENTIAL

Home Design

  • Coastal Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,222 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Window Screens
  • Combination Kitchen and Dining Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Wrap Around Porch

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Indian Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-23.06-61.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,379

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2001
  • Remarks Public: Large Beach home on Ocean Block. 6 Bedrooms, 4 Baths, Kitchen with glass top electric range, 2 side by side refrigerators, microwave over range, dish washer and a washer & dryer on each floor. There are 4 garages on ground level with 2 story home above. Wood decks surround home on each level. Dining area & 2 living areas. 8 additional parking spaces. This home produces a great rental income.
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Carpet, Laminated, Vinyl
  • Interior Amenities: Combination Kitchen/Dining, Ceiling Fan(s)
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2222
  • Living Area Sq Ft: 2222
  • Net Sq Ft: 2222.00
  • Price Per Sq Ft: 585.06
  • Above Grade Finished Sq Ft: 2222
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 4

Exterior Features

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

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 12
  • Parking Features: Stone Driveway, Under Home Parking
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 91x104
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.00
  • Outdoor Living Structures: Deck(s), Wrap Around
  • Zoning: AR 1
  • Zoning Description: MEDIUM RESIDENTIAL
  • In City Limits: No

Rental Info

  • Total Actual Rent: 80000.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5205576
  • Assessor Parcel Number: 334-23.06-61.00
  • County Tax Payment Frequency: Annually
  • Close Date: 07/31/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2021
Sold by
Bacastow Robert
Bought by
Beaver Nathan A and Nicholson Kristin E
Current Estimated Value
$2,279,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Outstanding Balance
$1,059,430
Interest Rate
3.05%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,248,985

Purchase Details

Listed on
Apr 14, 2018
Closed on
Jul 30, 2018
Sold by
Marsh Harry P and Marsh Marilyn A
Bought by
Bacastow Robert
Seller's Agent
BRUCE WRIGHT
Mann & Sons, Inc.
Buyer's Agent
BRUCE WRIGHT
Mann & Sons, Inc.
List Price
$1,300,000
Sold Price
$1,150,000
Premium/Discount to List
-$150,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$840,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2017
Sold by
Marsh Geraldine R and Marsh Marilyn A
Bought by
Geraldine R Marsh Rehoboth Beach Qualifi

Purchase Details

Closed on
Mar 27, 2017
Sold by
Geraldine R Marsh Rehoboth Beach Qualifi
Bought by
Dean Betty Jane and Marsh Harry P

Purchase Details

Closed on
May 24, 2002
Bought by
Marsh Geraldine R
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
Beaver Nathan A $1,550,000 None Available
Bacastow Robert $1,150,000 --
Geraldine R Marsh Rehoboth Beach Qualifi -- None Available
Dean Betty Jane -- None Available
Marsh Geraldine R $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beaver Nathan A $1,162,500
Previous Owner Bacastow Robert $50,000
Previous Owner Bacastow Robert $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2018 07/31/18 Sold $1,150,000 -11.5% $518 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
04/14/2018 04/14/18 For Sale $1,300,000 -- $585 / 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 $2,379 $41,800 $15,750 $26,050
2023 $2,377 $41,800 $15,750 $26,050
2022 $2,305 $41,800 $15,750 $26,050
2021 $2,287 $41,800 $15,750 $26,050
2020 $2,280 $41,800 $15,750 $26,050
2019 $2,261 $41,800 $15,750 $26,050
2018 $1,836 $41,800 $0 $0
2017 $1,758 $41,800 $0 $0
2016 $1,734 $41,800 $0 $0
2015 $1,659 $41,800 $0 $0
2014 $1,648 $41,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • BRUCE WRIGHT

    Seller's Agent in 2018

    BRUCE WRIGHT

    Mann & Sons, Inc.

    (302) 542-7651

    80 Total Sales

    Section Image
  • DIANN CORSNITZ

    Seller Co-Listing Agent in 2018

    DIANN CORSNITZ

    Compass

    (302) 212-8899

    14 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001572530

Bright MLS

APN: 334-23.06-61.00

Delaware Sussex County Dewey Beach 19971

40 Collins St, Dewey Beach, DE

This home is located at 40 Collins St, Dewey Beach, DE 19971 since 14 April 2018 and is currently estimated at $2,210,372, approximately $994 per square foot. This property was built in 2001. 40 Collins St is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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