NOT LISTED FOR SALE

40126 Fenwick Towers Rd Unit 412 Fenwick Island, DE 19944

Estimated Value: $611,000 - $1,000,000

2 Beds
2 Baths
1,100 Sq Ft
$585/mo HOA Fee

Last Sold October 23, 2020

Last sale price $637,000 $579 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,326/month

32 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Sandy Beach
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Open Floorplan

About This Home

As of October 2020

Panoramic Ocean views from open concept living and dining areas in this extra large { 1100 sq. ft. + or -} , rarely available, well managed Fenwick Towers 4th floor 2 bedroom end unit ocean front condo. The views are outstanding from the ocean front living room and dining area . Not your typical narrow ocean front condo. Living room and dining area feature sliders opening onto an ocean front balcony running the full width of the condo plus a windows along the north wall of the living room. The balcony has a hurricane shutter enclosure and the north facing windows of the living room and the master bedroom have auto hurricane shutters . Note the list of improvements with dates noting the renovation of the master bath ,newer dishwasher + stove and in unit washer and dryer. New HVAC in 2018 and in 2020 freshly painted and a new master bedroom flat screen TV. 2020 booked rentals was $37,250. Because of Covit19, $12,500 cancellations resulted in moving deposit to weeks in 2021. Of course rentals and deposits go to the owner of record in 2021. This move in ready 2 bedroom is what you have been waiting for.

Last Agent to Sell the Property

Dennis Mather

Long & Foster Real Estate, Inc. License #RS-0020611 Listed on: 08/10/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

SUSAN NALLEY

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,420

Year Built

  • Built in 1975

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • 1 Common Wall
  • West Facing Home
  • Landscaped
  • No Through Street
  • Cleared Lot
  • Property is in very good condition

HOA Fees

  • $585 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Sliding Windows
  • Window Screens
  • Insulated Doors
  • Dining Area
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Home Security

Parking

  • Private Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Level Entry For Accessibility

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Balcony
  • Outdoor Storage

Location

  • Flood Zone Lot
  • Flood Risk

Schools

  • Lord Baltimore Elementary School
  • Selbyville Middle School
  • Sussex Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-22.00-13.00-412

Community Details

Overview

  • Association fees include exterior building maintenance, insurance, management, pool(s)
  • Mid-Rise Condominium
  • Fenwick Towers Condo Association Condos, Phone Number (302) 539-6087
  • Built by Fenwick Towers
  • Fenwick Towers Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Community Library
  • 2 Elevators
  • Community Storage Space

Recreation

  • Beach
  • Community Pool

Security

  • Security Service
  • Front Desk in Lobby
  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,420

Year Built

Built in 1975

Lot Details

0

HOA Fees

$585 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator, Level Entry - Main
  • Ownership: Condominium
  • Exclusions: Picture on the kitchen wall + Personal items
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Panoramic Ocean views from open concept living and dining areas in this extra large { 1100 sq. ft. + or -} , rarely available, well managed Fenwick Towers 4th floor 2 bedroom end unit ocean front condo. The views are outstanding from the ocean front living room and dining area . Not your typical narrow ocean front condo. Living room and dining area feature sliders opening onto an ocean front balcony running the full width of the condo plus a windows along the north wall of the living room. The balcony has a hurricane shutter enclosure and the north facing windows of the living room and the master bedroom have auto hurricane shutters . Note the list of improvements with dates noting the renovation of the master bath ,newer dishwasher + stove and in unit washer and dryer. New HVAC in 2018 and in 2020 freshly painted and a new master bedroom flat screen TV. 2020 booked rentals was $37,250. Because of Covit19, $12,500 cancellations resulted in moving deposit to weeks in 2021. Of course rentals and deposits go to the owner of record in 2021. This move in ready 2 bedroom is what you have been waiting for.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Entry Floor: 4
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Carpet, Ceiling Fan(s), Flat, Floor Plan - Open, Dining Area, Kitchen - Galley, Primary Bath(s), Window Treatments
  • Window Features: Insulated, Screens, Sliding
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Door Features: Insulated, Storm
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Price Per Sq Ft: 585.45
  • Above Grade Finished Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40126

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: Outside Shower, Secure Storage, Street Lights
  • Roof: Flat
  • View: Ocean
  • Water Access Features: Public Beach
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Paved Parking, Private
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 585.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Fenwick Towers Condo Association
  • Condo Co-Op Phone: 302-539-6087
  • HOA Condo Co-Op Amenities: Beach, Elevator, Extra Storage, Library, Picnic Area, Pool - Outdoor, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Insurance, Management, Pool(s)
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: INDIAN RIVER
  • Elementary School: LORD BALTIMORE
  • Middle School: SELBYVILLE
  • High School: SUSSEX CENTRAL
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396898
  • School District Source: 3rd Party
  • Elementary School: LORD BALTIMORE
  • High School: SUSSEX CENTRAL
  • Middle Or Junior School: SELBYVILLE

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 34000.00
  • Land Assessed Value: 3750.00
  • Land Use Code: RC Res.: Condo
  • Lot Features: Cleared, Flood Plain, Landscaping, No Thru Street, Private
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: HR-1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: Fenwick Towers

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5120226
  • School Tax: 1252.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1420.00
  • Assessor Parcel Number: 134-22.00-13.00-412
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 10/23/2020

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Oct 23, 2020
Sold by
Mccarthy Anne M
Bought by
Rosenbaum Philip B and Rosenbaum Jeanne C
Seller's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
Buyer's Agent
SUSAN NALLEY
Coldwell Banker Realty
List Price
$644,000
Sold Price
$637,000
Premium/Discount to List
-$7,000
-1.09%
Current Estimated Value
$834,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,878
Avg. Annual Appreciation
6.08%
Original Mortgage
$445,900
Outstanding Balance
$400,173
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$441,812

Purchase Details

Listed on
Sep 22, 2019
Closed on
Dec 20, 2019
Sold by
Sister Act Llc
Bought by
Mccarthy Anne M
Seller's Agent
Carol Ann Pala
Monument Sotheby's International Realty
Buyer's Agent
Dennis Mather
Long & Foster Real Estate, Inc.
List Price
$630,000
Sold Price
$610,000
Premium/Discount to List
-$20,000
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$457,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2012
Sold by
Sally B Sally B
Bought by
Sister Act Llc
Source: Public Records

Range of Values:

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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
Rosenbaum Philip B $637,000 None Available
Mccarthy Anne M $610,000 None Available
Sister Act Llc $580,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosenbaum Philip B $445,900
Previous Owner Mccarthy Anne M $457,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $637,000 -1.1% $579 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $644,000 +5.6% $585 / Sq Ft
12/20/2019 12/20/19 Sold $610,000 -3.2% --
10/26/2019 10/26/19 Pending -- -- --
09/22/2019 09/22/19 For Sale $630,000 -- --
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 $1,562 $34,000 $0 $34,000
2023 $1,560 $34,000 $0 $34,000
2022 $1,535 $34,000 $0 $34,000
2021 $1,489 $34,000 $0 $34,000
2020 $1,422 $34,000 $0 $34,000
2019 $1,415 $34,000 $0 $34,000
2018 $1,429 $37,750 $0 $0
2017 $1,441 $37,750 $0 $0
2016 $1,270 $37,750 $0 $0
2015 $1,309 $37,750 $0 $0
2014 $1,289 $37,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU163682

Bright MLS

APN: 134-22.00-13.00-412