NOT LISTED FOR SALE

40 Collins St Dewey Beach, DE 19971

Estimated Value: $2,134,000 - $4,172,000

6 Beds
4 Baths
2,222 Sq Ft
$1,451/Sq Ft Est. Value

Last Sold July 31, 2018

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

Est. 180% increase in value since last sale

Current estimated payment $17,537/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

(302) 542-7651 brucewright@mchsi.com Mann & Sons, Inc. License #RS-0016583 Listed on: 04/14/2018

Co-Listed By

DIANN CORSNITZ

(302) 212-8899 dcorsnitz@comcast.net Mann & Sons, Inc. License #RS-0022146

Last Buyer's Agent

BRUCE WRIGHT

(302) 542-7651 brucewright@mchsi.com Mann & Sons, Inc. License #RS-0016583 Listed on: 04/14/2018

Home Details

Home Type

  • Single Family

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

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
  • 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

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

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

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
$3,223,244

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
$1,050,437
Interest Rate
3.05%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$2,172,807

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
15.03%
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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 $840,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $6,983 $41,800 $15,750 $26,050
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

    78 Total Sales

    BRUCE WRIGHT
    Section Image
  • DIANN CORSNITZ

    Seller Co-Listing Agent in 2018

    DIANN CORSNITZ

    Mann & Sons, Inc.

    (302) 212-8899

    12 Total Sales

    DIANN CORSNITZ
    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

Not Listed for Sale

Detached

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