NOT LISTED FOR SALE

705 S Schulz Rd Fenwick Island, DE 19944

Estimated Value: $1,854,000 - $2,402,000

4 Beds
3.5 Baths
3,078 Sq Ft
$712/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2018

Last sale price $1,250,000 $406 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $12,086 / mo

30 Days on Market

Highlights

  • 50 Feet of Waterfront
  • 1 Boat Dock
  • Heated Spa
  • Phillip C. Showell Elementary School Rated A-
  • Access to Tidal Water
  • Fishing Allowed

About This Home

As of September 2018

Stunning "like new" Victorian home with vaulted ceilings and open views of the bay. Large property with open decks, screen porch and a Jacuzzi tub in the open deck out back. Tons of enclosed storage under the home. Home has never been a rental however it would be an excellent one for sure. Gas fireplace that faces the dining table as well as the living room on the other side of a built in cabinet. New HVAC systems, (2013) new roof (2016) . Master bedroom has a nice sitting room and a bathroom you will love! Available to see anytime.PLEASE note, there is a no shoe policy inside the house. Sellers request visitors use the rubber slip ons over the shoes or remove them all together. They are directly inside the front door.Buyer will receive the Sellers share of the Assoc. that owns the wetlands across the street. The 6 homes at the end of South Schulz Road own the wetlands across the street to protect their views forever. Seller of this property is the largest share holder of the 5 owners of the Association.Well has been left active for landscaping use only.

Last Agent to Sell the Property

John Kleinstuber

(302) 539-4081 john@fenwickisland.com JOHN KLEINSTUBER AND ASSOC INC License #RB-0002561 Listed on: 07/06/2018

Last Buyer's Agent

Mary Lou Korzenewski

(302) 227-2541 marylouk@lnf.com Long & Foster Real Estate, Inc. License #RS-0020379

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,092

Year Built

  • Built in 1991

Lot Details

  • 4,996 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • 50 Feet of Waterfront
  • Home fronts navigable water
  • West Facing Home
  • Landscaped
  • Cleared Lot
  • Property is in very good condition

Property Views

  • Bay
  • Canal

Home Design

  • Victorian Architecture
  • Flat Roof Shape
  • Frame Construction

Interior Spaces

  • 3,078 Sq Ft Home
  • Property has 3 Levels
  • Partially Furnished
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Tuck Under Parking
  • Off-Street Parking

Pool

  • Heated Spa
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Bulkhead
  • Mooring
  • Swimming Allowed
  • 1 Boat Dock
  • Private Dock
  • Powered Boats Permitted
  • Deck
  • Enclosed Patio or Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot -342.00
  • Assessor Parcel Number 134-23.16-342.00

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,092

Year Built

Built in 1991

Lot Details

4,996 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Home Warranty: No
  • Inclusions: see list in documents included
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven - Double, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Upgraded Countertops, Whirlpool/Hottub, Window Treatments
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Levels Count: 3+
  • Basement: No
  • Total Sq Ft: 3078
  • Living Area Sq Ft: 3078
  • Price Per Sq Ft: 422.03
  • Above Grade Finished Sq Ft: 3078
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Block
  • Construction Completed: No
  • Exterior Features: Hot Tub, Outside Shower
  • Roof: Flat
  • Spa Features: Heated
  • Spa: Yes
  • View: Bay, Canal
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Carport Spaces: 2
  • Garage: No
  • Parking Features: Under Home Parking, Concrete Driveway
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Electric, Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Electric Alarm
  • 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
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Bulkheaded, Cleared, Landscaping
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4996.00
  • Outdoor Living Structures: Deck(s), Enclosed, Screened
  • Property Condition: Very Good, Good
  • Zoning: Q
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5121395
  • Tax Annual Amount: 3092.00
  • Assessor Parcel Number: 134-23.16-342.00
  • Tax Lot: -342.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2018
Closed on
Sep 28, 2018
Sold by
Ronald John Darcy Ret
Bought by
Hoy Michael R and Hoy Rose M
Seller's Agent
John Kleinstuber
JOHN KLEINSTUBER AND ASSOC INC
Buyer's Agent
Mary Lou Korzenewski
Long & Foster Real Estate, Inc.
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%
Current Estimated Value
$2,191,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$941,759
Avg. Annual Appreciation
7.74%
Original Mortgage
$1,000,000
Outstanding Balance
$863,988
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,327,771

Purchase Details

Closed on
Mar 4, 1995
Bought by
D'Arcy Ronald J (Trustee) Claire H D'Arc
Source: Public Records
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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
Hoy Michael R $1,250,000 --
D'Arcy Ronald J (Trustee) Claire H D'Arc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoy Michael R $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $1,250,000 -3.8% $406 / Sq Ft
08/05/2018 08/05/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $1,299,000 -- $422 / Sq Ft
Source: Bright MLS

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
2025 $3,380 $41,500 $6,300 $35,200
2024 $1,729 $41,500 $6,300 $35,200
2023 $1,727 $41,500 $6,300 $35,200
2022 $1,699 $41,500 $6,300 $35,200
2021 $1,649 $41,500 $6,300 $35,200
2020 $1,577 $41,500 $6,300 $35,200
2019 $1,570 $41,500 $6,300 $35,200
2018 $1,585 $41,500 $0 $0
2017 $1,598 $41,500 $0 $0
2016 $1,410 $41,500 $0 $0
2015 $1,453 $41,500 $0 $0
2014 $1,431 $41,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001995006

Bright MLS

APN: 134-23.16-342.00

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