NOT LISTED FOR SALE

40113 W Virginia Ave Unit 2 Fenwick Island, DE 19944

Estimated Value: $695,123 - $1,014,000

3 Beds
3.5 Baths
1,435 Sq Ft
$600/Sq Ft Est. Value

Last Sold September 27, 2017

Last sale price $460,000 $321 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,236/month

307 Days on Market

Highlights

  • Indoor Pool
  • Deck
  • Vaulted Ceiling
  • Phillip C. Showell Elementary School Rated A-
  • Wood Burning Stove
  • Main Floor Bedroom

About This Home

As of September 2017

This spacious 3 bedroom, 3.5 bath townhome is located in Fenwick Island, so close to the beach!!! Fantastic rental income and an in-ground pool. Close to shopping, and restaurants in Fenwick and Ocean City. Unit Square footage is an estimate.

Last Agent to Sell the Property

Ryan Haley

Atlantic Shores Sotheby's International Realty License #580256 Listed on: 09/22/2016

Atlantic Shores Sotheby's International Realty

Last Buyer's Agent

Trevor Clark

1ST CHOICE PROPERTIES LLC License #RA-0020681

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,573

Year Built

  • Built in 1985

Lot Details

  • Cleared Lot

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 1,435 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Laundry

  • Electric Dryer
  • Washer

Home Security

Parking

  • Attached Carport
  • Assigned Parking

Pool

  • Indoor Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-23.16-321.00-2

Community Details

Overview

  • Admirals Bridge Community

Recreation

  • Community Pool

Security

  • Storm Windows
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,573

Year Built

Built in 1985

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1985
  • Remarks Public: This spacious 3 bedroom, 3.5 bath townhome is located in Fenwick Island, so close to the beach!!! Fantastic rental income and an in-ground pool. Close to shopping, and restaurants in Fenwick and Ocean City. Unit Square footage is an estimate.
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Attic, Breakfast Area, Kitchen - Eat-In, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Screens, Storm
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Storm
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Block
  • Floors In Unit Count: 3
  • Level Count: 3
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1435
  • Living Area Sq Ft: 1435
  • Net Sq Ft: 1435.00
  • Price Per Sq Ft: 334.49
  • Above Grade Finished Sq Ft: 1435
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40113

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Composition
  • Construction Completed: Yes
  • Pool Features: Indoor, In Ground
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Type Of Parking: Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Wood Burn Stove, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 4200.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • HOA Condo Co-Op Amenities: Cable, Reserved/Assigned Parking, Pool - Outdoor, Swimming Pool
  • HOA: Yes
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: GENERAL BUSINESS

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 10185961
  • Assessor Parcel Number: 134-23.16-321.00-2
  • County Tax Payment Frequency: Annually
  • Close Date: 09/27/2017

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Sep 27, 2017
Sold by
Watt Frank M and Bradley George J
Bought by
Hora Elizabeth P O and Hora James P O
Seller's Agent
Ryan Haley
Atlantic Shores Sotheby's International Realty
Buyer's Agent
Trevor Clark
1ST CHOICE PROPERTIES LLC
List Price
$539,900
Sold Price
$460,000
Premium/Discount to List
-$79,900
-14.8%
Current Estimated Value
$861,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,031
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
May 2, 2003
Bought by
Watt Frank M and Riley Shawn C
Source: Public Records

Range of Values:

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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
Hora Elizabeth P O $460,000 None Available
Watt Frank M $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohora James P $426,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2017 09/27/17 Sold $460,000 -14.8% $321 / Sq Ft
07/26/2017 07/26/17 Pending -- -- --
09/22/2016 09/22/16 For Sale $539,900 -- $376 / 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 $1,573 $31,450 $0 $31,450
2023 $1,572 $31,450 $0 $31,450
2022 $1,546 $31,450 $0 $31,450
2021 $1,500 $31,450 $0 $31,450
2020 $1,435 $31,450 $0 $31,450
2019 $1,416 $31,450 $0 $31,450
2018 $1,442 $37,800 $0 $0
2017 $1,454 $37,800 $0 $0
2016 $1,283 $37,800 $0 $0
2015 $1,322 $37,800 $0 $0
2014 $1,302 $37,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Haley

    Seller's Agent in 2017

    Ryan Haley

    Atlantic Shores Sotheby's International Realty

    (443) 880-8078

    2 in this area

    399 Total Sales

    Ryan Haley
    Section Image
  • Trevor Clark

    Buyer's Agent in 2017

    Trevor Clark

    1ST CHOICE PROPERTIES LLC

    (302) 290-3869

    2 in this area

    158 Total Sales

    Trevor Clark
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001021866

Bright MLS

APN: 134-23.16-0321.00- 2

Delaware Sussex County Fenwick Island 19944

40113 W Virginia Ave Unit 2, Fenwick Island, DE

This home is located at 40113 W Virginia Ave Unit 2, Fenwick Island, DE 19944 since 22 September 2016 and is currently estimated at $861,031, approximately $600 per square foot. This property was built in 1985. 40113 W Virginia Ave Unit 2 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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