NOT LISTED FOR SALE

40126 Fenwick Towers Rd Unit 107 Fenwick Island, DE 19944

Estimated Value: $334,000 - $412,787

1 Bed
1 Bath
584 Sq Ft
$359/mo HOA Fee

Last Sold December 27, 2023

Last sale price $345,000 $591 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,514/month

2 Days on Market

Highlights

  • Open Floorplan
  • Furnished
  • Elevator
  • Lord Baltimore Elementary School Rated A-
  • Community Pool
  • Galley Kitchen

About This Home

As of December 2023

Here's your chance to own direct ocean front property on a beautiful stretch of pristine beach. Must be seen to appreciate this location. An ideal beach getaway, this property also has a great rental history. This first-floor unit comes fully furnished and features an open floor plan, with a 20-foot-long ocean front balcony. Steps to the beach and pool. Great restaurants and activities nearby. Unit sold fully furnished including appliances. Summer 2024 rental reservations will convey with sale.

Last Agent to Sell the Property

Derek Eisenberg

Continental Real Estate Group License #611425 Listed on: 12/01/2023

Last Buyer's Agent

Suzanne Macnab

RE/MAX Coastal License #RS-0012856

RE/MAX Coastal

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $752

Year Built

  • Built in 1972

Lot Details

  • Two or More Common Walls
  • Property is in good condition

HOA Fees

  • $359 Monthly HOA Fees

Home Design

  • Block Foundation
  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 584 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Screens
  • Sliding Doors
  • Combination Dining and Living Room
  • Washer and Dryer Hookup

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Paved Parking
  • Parking Lot
  • Unassigned Parking

Outdoor Features

  • Outdoor Shower
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Risk

Schools

  • Indian River High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 134-22.00-13.00-107

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, trash, water, management, all ground fee
  • Fenwick Towers Condo Association
  • Mid-Rise Condominium
  • Fenwick Landing Community
  • Fenwick Towers Subdivision

Amenities

  • Picnic Area
  • Community Library
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$752

Year Built

Built in 1972

Lot Details

0

HOA Fees

$359 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: Unit sold fully furnished including appliances. 2024 Summer Rental Reservations will be conveyed.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Water Heater
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Carpet
  • Interior Amenities: Combination Dining/Living, Kitchen - Galley, Ceiling Fan(s), Carpet, Floor Plan - Open
  • Window Features: Screens
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Sliding Glass, Storm
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Concrete Perimeter
  • Levels Count: 1
  • Room Count: 4
  • Basement: No
  • Laundry Type: Hookup, Common
  • Total Sq Ft: 584
  • Living Area Sq Ft: 584
  • Price Per Sq Ft: 590.75
  • Above Grade Finished Sq Ft: 584
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40126

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Exterior Features: Exterior Lighting, Outside Shower, Bbq Grill
  • Roof: Foam
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, Unassigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Resident Manager
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 359.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Storage Bin, Library, Picnic Area, Swimming Pool, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Trash, Water, Management, All Ground Fee
  • HOA Name: FENWICK TOWERS CONDO ASSOCIATION
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • Year Assessed: 2022
  • Zoning: HR-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 669.00
  • Tax Annual Amount: 752.00
  • Assessor Parcel Number: 134-22.00-13.00-107
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/27/2023

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Dec 15, 2023
Sold by
Fornabaio Living Trust
Bought by
Fenwick Towers 107 Llc
Seller's Agent
Derek Eisenberg
Continental Real Estate Group
Buyer's Agent
Suzanne Macnab
RE/MAX Coastal
List Price
$345,000
Sold Price
$345,000
Views
46
Current Estimated Value
$376,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,697
Avg. Annual Appreciation
3.27%
Original Mortgage
$500,000
Outstanding Balance
$477,314
Interest Rate
1%
Mortgage Type
New Conventional
Estimated Equity
-$114,578

Purchase Details

Closed on
Nov 21, 1997
Bought by
Fornabaio Robert A and Fornabaio Susan E
Source: Public Records

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
Fenwick Towers 107 Llc $345,000 None Listed On Document
Fornabaio Robert A $117,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fenwick Towers 107 Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2023 12/27/23 Sold $345,000 0.0% $591 / Sq Ft
12/03/2023 12/03/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $345,000 -- $591 / 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 $890 $18,500 $0 $18,500
2023 $889 $18,500 $0 $18,500
2022 $875 $18,500 $0 $18,500
2021 $849 $18,500 $0 $18,500
2020 $810 $18,500 $0 $18,500
2019 $807 $18,500 $0 $18,500
2018 $815 $21,500 $0 $0
2017 $821 $21,500 $0 $0
2016 $724 $21,500 $0 $0
2015 $746 $21,500 $0 $0
2014 $735 $21,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Derek Eisenberg

    Continental Real Estate Group

    (877) 996-5728

    1 in this area

    3,379 Total Sales

    Derek Eisenberg
    Section Image
  • Suzanne Macnab

    Buyer's Agent in 2023

    Suzanne Macnab

    RE/MAX

    (302) 228-1251

    4 in this area

    286 Total Sales

    Suzanne Macnab
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2052454

Bright MLS

APN: 134-22.00-13.00-107

Delaware Sussex County Fenwick Island 19944

40126 Fenwick Towers Rd Unit 107, Fenwick Island, DE

This home is located at 40126 Fenwick Towers Rd Unit 107, Fenwick Island, DE 19944 since 01 December 2023 and is currently estimated at $376,697, approximately $645 per square foot. This property was built in 1972. 40126 Fenwick Towers Rd Unit 107 is a home located in Sussex County with nearby schools including Lord Baltimore Elementary School, Selbyville Middle School, and Indian River High School.

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