NOT LISTED FOR SALE

40062 Grant Dr Unit 53 Fenwick Island, DE 19944

Estimated Value: $746,000 - $1,108,000

3 Beds
2.5 Baths
1,760 Sq Ft
$532/Sq Ft Est. Value

Last Sold September 26, 2019

Last sale price $606,000 $344 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,365/month

464 Days on Market

Highlights

  • 1 Dock Slip
  • Beach
  • Pier or Dock
  • Lord Baltimore Elementary School Rated A-
  • Pier
  • Home fronts navigable water

About This Home

As of September 2019

Enjoy gorgeous bay views from every level of this 3-story town home in Kings Grant! This home is centrally located and just a short drive to Ocean City, Bethany Beach, and of course, downtown Fenwick Island! The first floor features include an open floor plan, spacious living room with wood burning fireplace, kitchen with breakfast bar, dining area and a den too! The second floor boasts the master bedroom complete with a private bath and balcony and a spacious guest bedroom with an ensuite bath. The third floor loft with a full bath is currently used as a bedroom but would be a great space for an executive office or another living space. With a screened in porch, sun decks and balconies, there is an outdoor living space for everyone! Kings Grant offers ocean beach access, a private pool overlooking the bay, and a community pier, too. This is one community you'll never want to leave.

Last Agent to Sell the Property

Bryce Lingo

Jack Lingo - Rehoboth License #RA-0001746 Listed on: 05/12/2018

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Lauren Alberti

Northrop Realty

Northrop Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,969

Year Built

  • Built in 1986

HOA Fees

  • $865 Monthly HOA Fees

Home Design

  • Architectural Shingle Roof
  • Shingle Siding
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,760 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Window Screens
  • Family Room
  • Combination Kitchen and Living
  • Den
  • Bay Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Stacked Electric Washer and Dryer

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • 2 Assigned Parking Spaces

Outdoor Features

  • Private Pool
  • Pier
  • Water Access
  • Property near a bay
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Lake Privileges
  • Balcony
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Additional Features

  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 134-22.00-5.01-53

Community Details

Overview

  • Association fees include common area maintenance
  • Kings Grant Subdivision

Recreation

  • Pier or Dock
  • Beach
  • Community Pool

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,969

Year Built

Built in 1986

Lot Details

0

HOA Fees

$865 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1986
  • Remarks Public: Enjoy gorgeous bay views from every level of this 3-story town home in Kings Grant! This home is centrally located and just a short drive to Ocean City, Bethany Beach, and of course, downtown Fenwick Island! The first floor features include an open floor plan, spacious living room with wood burning fireplace, kitchen with breakfast bar, dining area and a den too! The second floor boasts the master bedroom complete with a private bath and balcony and a spacious guest bedroom with an ensuite bath. The third floor loft with a full bath is currently used as a bedroom but would be a great space for an executive office or another living space. With a screened in porch, sun decks and balconies, there is an outdoor living space for everyone! Kings Grant offers ocean beach access, a private pool overlooking the bay, and a community pier, too. This is one community you'll never want to leave.
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 53
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, Ceiling Fan(s), Whirlpool/Hottub, Window Treatments
  • Window Features: Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Level Count: 3
  • Levels Count: 3+
  • Room Count: 7
  • Room List: Primary Bedroom, Kitchen, Family Room, Den, Laundry, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1760
  • Living Area Sq Ft: 1760
  • Net Sq Ft: 1760.00
  • Price Per Sq Ft: 357.39
  • Above Grade Finished Sq Ft: 1760
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40062

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Concrete, Shingle Siding, Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned
  • Number Of Parking Spaces Included: 2-Car Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Private Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 10380.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Beach, Pier/Dock, Pool - Outdoor, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: INDIAN RIVER
  • School District Key: 300200396898

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Screened
  • Zoning: MR
  • Zoning Description: MEDIUM RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 134-22.00-5.01-53
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Close Date: 09/26/2019

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2020
Sold by
Schatmeyer Harry and Schatmeyer Kristina
Bought by
H 3Rd & K L Schatmeyer Lt
Current Estimated Value
$974,626

Purchase Details

Listed on
May 12, 2018
Closed on
Sep 23, 2019
Sold by
Irving Bernstein Ret
Bought by
Schatmeyer Harry and Schatmeyer Kristina
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Lauren Alberti
Northrop Realty
List Price
$639,000
Sold Price
$606,000
Premium/Discount to List
-$33,000
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Original Mortgage
$545,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 1992
Bought by
Bernstein Irving In Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
H 3Rd & K L Schatmeyer Lt -- None Available
Schatmeyer Harry $606,000 --
Bernstein Irving In Trust $209,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schatmeyer Harry $545,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2019 09/26/19 Sold $606,000 -3.7% $344 / Sq Ft
06/15/2019 06/15/19 Price Changed $629,000 -1.6% $357 / Sq Ft
05/12/2018 05/12/18 For Sale $639,000 -- $363 / 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 $1,969 $40,850 $0 $40,850
2023 $1,967 $40,850 $0 $40,850
2022 $1,935 $40,850 $0 $40,850
2021 $1,877 $40,850 $0 $40,850
2020 $1,792 $40,850 $0 $40,850
2019 $1,784 $40,850 $0 $40,850
2018 $1,801 $47,600 $0 $0
2017 $1,816 $47,600 $0 $0
2016 $1,601 $47,600 $0 $0
2015 $1,650 $47,600 $0 $0
2014 $1,625 $47,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001573684

Bright MLS

APN: 134-22.00-5.01-53