$680,000
SOLD APR 5, 2016

402 Massachusetts Ave Unit 2 Lewes, DE 19958

3 Beds
3.5 Baths
2,437 Sq Ft
$330/mo HOA Fee

Recently Sold

$279 Per Sq Ft

1% Below List Price

167 Days on Market

Highlights

  • Newly Remodeled
  • Bay View
  • Deck
  • Lewes Elementary School Rated A
  • Craftsman Architecture
  • 2-minute walk to Otis Smith Park

About This Home

As of June 2023

Denniston Place, a beachside retreat of eight custom garden townhomes steps from Lewes Beach & downtown Lewes. Unit 2 is tastefully furnished with a hint of class and carefree beach living. French doors open to the four balconies featured on each unit. Private rooftop decks showcase views of the Delaware Bay. The first floor features a single car garage, a foyer from the garden, utility closet, a bathroom with shower, and an office or bedroom. The second floor with 9 foot ceilings consists of open living space with a functional kitchen lay-out, powder room, a formal dining area and living room space. The third floor features two bedrooms with 8 1/2 foot ceilings. Unit 2 is move-in ready and furniture is available for purchase with the unit! A sense of undisturbed tranquility on an intimate residential streetscape with sunrise and sunset views is our goal.

Last Agent to Sell the Property

Carrie Lingo

Jack Lingo - Lewes License #RS-0017885 Listed on: 08/18/2015

Jack Lingo - Lewes

Co-Listed By

Murray Padgett

Jack Lingo - Lewes

Last Buyer's Agent

Brian Barrows

Monument Sotheby's International Realty License #RA-0020621

Monument Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,855

Year Built

  • Built in 2015 | Newly Remodeled

Lot Details

  • Landscaped
  • Ground Rent expires in 99 years

HOA Fees

  • $330 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Slab Foundation
  • Slate Roof
  • Tile Roof
  • Stick Built Home

Interior Spaces

  • 2,437 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Bay Views
  • Stacked Washer and Dryer

Kitchen

  • Country Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Home Security

Parking

  • 2 Parking Spaces Included
  • Brick Driveway
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Zoned Cooling
  • Heat Pump System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 335-04.20-175.02

Community Details

Overview

  • Association fees include lawn maintenance
  • Low-Rise Condominium
  • Denniston Place Community

Additional Features

  • Fire and Smoke Detector
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,855

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

HOA Fees

$330 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Craftsman
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • New Construction: Yes
  • Year Built: 2015
  • Remarks Public: Denniston Place, a beachside retreat of eight custom garden townhomes steps from Lewes Beach & downtown Lewes. Unit 2 is tastefully furnished with a hint of class and carefree beach living. French doors open to the four balconies featured on each unit. Private rooftop decks showcase views of the Delaware Bay. The first floor features a single car garage, a foyer from the garden, utility closet, a bathroom with shower, and an office or bedroom. The second floor with 9 foot ceilings consists of open living space with a functional kitchen lay-out, powder room, a formal dining area and living room space. The third floor features two bedrooms with 8 1/2 foot ceilings. Unit 2 is move-in ready and furniture is available for purchase with the unit! A sense of undisturbed tranquility on an intimate residential streetscape with sunrise and sunset views is our goal.
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Oven/Range - Gas, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater - Tankless
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Breakfast Area, Kitchen - Country, Kitchen - Island, Ceiling Fan(s), Elevator, Skylight(s)
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Floors In Unit Count: 3
  • Level Count: 3
  • Levels Count: 3+
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2437
  • Living Area Sq Ft: 2437
  • Net Sq Ft: 2437.00
  • Price Per Sq Ft: 284.64
  • Above Grade Finished Sq Ft: 2437
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 402

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Concrete
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • Roof: Slate, Tile
  • View: Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned, Brick Driveway, Paved Driveway, Under Home Parking
  • Number Of Parking Spaces Included: 2-Car Parking
  • Total Garage And Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Zoned
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Tankless
  • Security: Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3960.00
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Landscaping
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s), Patio(s)
  • Zoning Description: AGRICULTURAL/RESIDENTIAL
  • In City Limits: Yes

Building Info

  • Building Features: Elevator

Rental Info

  • Ground Rent Pymnt Freq: Annually
  • Ground Rent Years Remaining: 99
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2855.00
  • Assessor Parcel Number: 335-04.20-175.02
  • County Tax Payment Frequency: Annually
  • Close Date: 04/05/2016

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Jun 16, 2023
Sold by
Petruccelli Leonard
Bought by
Mahan Ellen M
Seller's Agent
Brian Barrows
Monument Sotheby's International Realty
Buyer's Agent
Julie Gritton
Coldwell Banker Premier - Lewes
List Price
$950,000
Sold Price
$917,500
Premium/Discount to List
-$32,500
-3.42%
Total Days on Market
167
Views
34
Current Estimated Value
$937,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,696
Avg. Annual Appreciation
1.09%
Original Mortgage
$734,000
Outstanding Balance
$715,448
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$221,748
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 Type Sale Price Title Company
Deed $917,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $734,000 New Conventional
Previous Owner $290,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $917,500 -3.4% $376 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $950,000 +39.7% $390 / Sq Ft
04/05/2016 04/05/16 Sold $680,000 -1.2% $279 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
08/18/2015 08/18/15 For Sale $688,335 -- $282 / 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 $2,211 $39,850 $0 $39,850
2023 $2,209 $39,850 $0 $39,850
2022 $2,132 $39,850 $0 $39,850
2021 $2,112 $39,850 $0 $39,850
2020 $2,106 $39,850 $0 $39,850
2019 $2,109 $39,850 $0 $39,850
2018 $1,970 $44,850 $0 $0
2017 $1,886 $44,850 $0 $0
2016 $1,792 $44,850 $0 $0
2015 -- $44,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001009466

Bright MLS

APN: 335-04.20-174.00-2