$917,500
SOLD JUN 30, 2023

402 Massachusetts Ave Unit 2 Lewes, DE 19958

3 Beds
3.5 Baths
2,437 Sq Ft
$500/mo HOA Fee

Recently Sold

$376 Per Sq Ft

3% Below List Price

6 Days on Market

Highlights

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

About This Home

As of June 2023

The peace and calm of the setting sun can be yours every day from this stunning nearly new & furnished townhome in Denniston Place located just a few blocks from the shores of Lewes Beach. Everything you need is here starting with an elevator to make your beach life easy. There's a lovely bedroom, bathroom and laundry room plus an oversized 1 car garage on the first floor. The second floor is where all the fun happens starting with the large open kitchen with breakfast bar, dining area and great room with a cozy gas fireplace. You'll love entertaining here, it’s the best of open beach architecture. Upstairs you’ll find the owner's suite, guest bedroom and bathroom appointed with tile floors, shower and granite countertops. This level leads to the rooftop deck, the perfect vantage point for viewing the famous fireworks each year at Lewes Beach. This extension to your home is where you can relax every day and bask in the sun, or gaze at the sunset whichever feeds your soul. It’s just 2.5 blocks to Lewes Beach, a block to multiple shops & restaurants and a few blocks to the heart of Second Street in downtown Lewes. This location is second to none and you’ll enjoy getting to know your neighbors! Mininum of 14 day rentals. Enjoy your quiet resort just two blocks to the sand and surf.

Last Agent to Sell the Property

Brian Barrows

Monument Sotheby's International Realty License #RA-0020621 Listed on: 03/10/2023

Monument Sotheby's International Realty

Co-Listed By

Jennifer Barrows

Monument Sotheby's International Realty

Last Buyer's Agent

Julie Gritton

Coldwell Banker Premier - Lewes License #RA-0031139

Coldwell Banker Premier - Lewes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,855

Year Built

  • Built in 2015

Lot Details

  • Landscaped
  • Property is in excellent condition

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Stone Driveway

Property Views

  • Bay
  • Panoramic
  • Canal

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
  • Furnished
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Great Room
  • Dining Room

Kitchen

  • Gourmet Kitchen
  • Double Self-Cleaning Oven
  • Gas Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Deck
  • Patio

Location

  • Flood Risk

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 335-04.20-174.00-2

Community Details

Overview

  • Association fees include lawn maintenance
  • $988 Other One-Time Fees
  • Low-Rise Condominium
  • Denniston Place Community

Pet Policy

  • No Pets Allowed

Additional Features

  • 1 Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,855

Year Built

Built in 2015

Lot Details

0

HOA Fees

$500 per month

Parking

1

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: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2015
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Gas, Oven - Self Cleaning, Oven - Double, Refrigerator, Icemaker, Dishwasher, Disposal, Washer, Dryer, Stainless Steel Appliances, Water Heater - Tankless
  • Entry Floor: 1
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Entry Level Bedroom, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Elevators Count: 1
  • Wall Ceiling Types: High
  • Foundation Details: Slab
  • Floors In Unit Count: 3
  • Levels Count: 3
  • Room Count: 6
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Great Room, Laundry, Primary Bathroom, Full Bath
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2437
  • Living Area Sq Ft: 2437
  • Price Per Sq Ft: 389.82
  • Above Grade Finished Sq Ft: 2437
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 402

Beds/Baths

  • Bedrooms: 3
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Stone Driveway
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Electric
  • 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

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1500.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 987.50
  • Other Fees Frequency: One Time

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Lot Features: Landscaping
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Deck(s), Patio(s)
  • Property Condition: Excellent
  • Zoning: RC
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 2855.00
  • Assessor Parcel Number: 335-04.20-174.00-2
  • County Tax Payment Frequency: Annually
  • Close Date: 06/30/2023

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
6
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: DESU2037630

Bright MLS

APN: 335-04.20-174.00-2