NOT LISTED FOR SALE

507 Glenn Ave Fenwick Island, DE 19944

Estimated Value: $1,360,000 - $1,592,000

5 Beds
2.5 Baths
2,000 Sq Ft
$732/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $1,100,000 $550 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,064/month

2 Days on Market

Highlights

  • 59 Feet of Waterfront
  • 1 Boat Dock
  • Access to Tidal Water
  • Phillip C. Showell Elementary School Rated A-
  • Parking available for a boat
  • Fishing Allowed

About This Home

As of April 2021

Best of both worlds can be had while owning this fine home. Short walk to the lifeguarded beach with a traffic light at the highway for safe crossing. When back home the fun continues due to the water front living. Dock the boat against the bulkhead or use the private boat lift. Immediate access to the open bay for water skiing, fishing, crabbing, clamming etc. Enjoy the open bay in Fenwick or venture south in to Ocean City or even further south. Five bedrooms 2.5 baths, open decks and a three season room overlooking the water. Peek-a-boo views of the open bay from the street side decks. Parking permits given to owners where they are able to drive to the beach and park right by the dune crossing.

Last Agent to Sell the Property

John Kleinstuber

JOHN KLEINSTUBER AND ASSOC INC License #RB-0002561 Listed on: 03/10/2021

Last Buyer's Agent

Leslie Kopp

Long & Foster Real Estate, Inc. License #RA-0003421

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,268

Year Built

  • Built in 1986

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 56.00 x 90.00
  • 59 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • West Facing Home
  • Landscaped
  • No Through Street
  • Cleared Lot
  • Property is in excellent condition
  • Property is zoned TN

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Stone Driveway
  • Off-Site Parking
  • Parking available for a boat

Property Views

  • Bay
  • Canal

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Asbestos Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathtub with Shower

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Property is near a canal
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Bulkhead
  • Swimming Allowed
  • Electric Hoist or Boat Lift
  • 1 Boat Dock
  • Private Dock
  • Powered Boats Permitted
  • Deck
  • Enclosed Patio or Porch

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 245
  • Assessor Parcel Number 134-23.16-159.00

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,268

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: dining table with benches, two floral chairs, various pictures and wall hangings. Electric fireplace
  • Inclusions: Furnishings
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1986
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Best of both worlds can be had while owning this fine home. Short walk to the lifeguarded beach with a traffic light at the highway for safe crossing. When back home the fun continues due to the water front living. Dock the boat against the bulkhead or use the private boat lift. Immediate access to the open bay for water skiing, fishing, crabbing, clamming etc. Enjoy the open bay in Fenwick or venture south in to Ocean City or even further south. Five bedrooms 2.5 baths, open decks and a three season room overlooking the water. Peek-a-boo views of the open bay from the street side decks. Parking permits given to owners where they are able to drive to the beach and park right by the dune crossing.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Extra Refrigerator/Freezer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Carpet, Ceiling Fan(s), Floor Plan - Open, Tub Shower, Upgraded Countertops, Window Treatments, Wood Floors
  • Window Features: Screens
  • Fireplace: No
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Price Per Sq Ft: 487.00
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 507

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Exterior Features: Boat Storage, Outside Shower
  • Roof: Architectural Shingle, Asbestos Shingle
  • View: Canal, Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 59

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway, Stone Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway, Off Site

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Features: Bulkheaded, Cleared, Landscaping, No Thru Street
  • Lot Size Acres: 0.11
  • Lot Dimensions: 56.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Deck(s), Enclosed, Screened
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5121102
  • School Tax: 1030.00
  • Tax Annual Amount: 2268.00
  • Assessor Parcel Number: 134-23.16-159.00
  • Tax Lot: 245
  • Tax Total Finished Sq Ft: 560
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/23/2021

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 23, 2021
Sold by
Sullivan David and Sullivan Kelly
Bought by
Pastor Louis M and Pastor Elizabeth A
Seller's Agent
John Kleinstuber
JOHN KLEINSTUBER AND ASSOC INC
Buyer's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
List Price
$974,000
Sold Price
$1,100,000
Premium/Discount to List
$126,000
12.94%
Current Estimated Value
$1,463,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,081
Avg. Annual Appreciation
5.73%
Original Mortgage
$860,000
Outstanding Balance
$790,868
Interest Rate
3.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$611,857
Source: Public Records

Range of Values:

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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
Pastor Louis M $1,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pastor Louis M $860,000
Previous Owner Sullivan David $555,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $1,100,000 +12.9% $550 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $974,000 -- $487 / 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 $1,298 $31,050 $6,550 $24,500
2023 $1,297 $31,050 $6,550 $24,500
2022 $1,276 $31,050 $6,550 $24,500
2021 $1,238 $31,050 $6,550 $24,500
2020 $1,186 $31,050 $6,550 $24,500
2019 $1,181 $31,050 $6,550 $24,500
2018 $1,192 $31,050 $0 $0
2017 $1,202 $31,050 $0 $0
2016 $1,061 $31,050 $0 $0
2015 $1,093 $31,050 $0 $0
2014 $1,077 $31,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU178930

Bright MLS

APN: 134-23.16-159.00