NOT LISTED FOR SALE

Estimated Value: $625,000 - $683,000

1 Bed
1.5 Baths
-- Sq Ft
1,742 Sq Ft Lot Lot

Sale Details

Date Sold: February 10, 2012

Last sale price $335,000

Est. 97% increase in value since last sale

Current estimated payment $4,136 / mo

441 Days on Market

Highlights

  • Ocean View
  • Beach
  • Fitness Center
  • Lord Baltimore Elementary School Rated A-
  • Water Access
  • Gated Community

About This Home

As of February 2012

BROAD OCEAN VIEWS make properties like this, the most sought after in Sea Colony. Balcony with sunny southern exposure. Designer Furnishings. Remodeled kitchen with custom home features. Indoor pool closeby. Established rental clientele. Over $70,000 in rental income since Spring of '08.

Last Agent to Sell the Property

William Hand

(302) 539-9040 Bill@billhand.com Long & Foster Real Estate, Inc. License #RA-0020486 Listed on: 10/14/2010

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Ava Cannon

(302) 227-3883 ava@jacklingo.com Jack Lingo - Rehoboth License #RS-0016508

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • Ground Rent of $2,000 per year expires in 61 years

HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Metal Siding
  • Composite Building Materials
  • Masonry

Interior Spaces

  • Property has 1 Level
  • Furnished
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 1 Bedroom

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 134-17.00-56.02-303S

Community Details

Overview

  • Low-Rise Community
  • Sea Colony Dover Community
  • Sea Colony East Subdivision

Amenities

  • Community Center
  • Party Room
  • Elevator

Recreation

  • Beach
  • Tennis Courts
  • Indoor Tennis Courts
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

1,742 Sq Ft Lot

HOA Fees

$549 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven - Self Cleaning, Range Hood, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area
  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Level Count: 1
  • Levels Count: 1
  • Basement: No

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Construction Materials: Masonry, Metal Siding, Composition
  • Construction Completed: Yes
  • Roof: Metal
  • View: Ocean
  • 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
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 258.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2112.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4481.00
  • HOA Condo Co-Op Amenities: Beach, Bike Trail, Cable, Community Center, Fitness Center, Party Room, Gated Community, Hot Tub, Tennis - Indoor, Tennis Courts, Swimming Pool, Pool - Outdoor
  • HOA: Yes
  • Community Pool Features: Indoor

Building Info

  • Building Features: Elevator

Rental Info

  • Furnished: Yes
  • Ground Rent Amt: 2000.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Annually
  • Ground Rent Years Remaining: 61
  • Total Actual Rent: 23000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 134-17.00-56.02-303S
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2010
Closed on
Feb 13, 2012
Sold by
Francis J Francis J and Gill Colleen Morris
Bought by
Riccardi Stephen J and Riccardi Lori A
Seller's Agent
William Hand
Long & Foster Real Estate, Inc.
Buyer's Agent
Ava Cannon
Jack Lingo - Rehoboth
List Price
$335,000
Sold Price
$335,000
Current Estimated Value
$658,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,912
Avg. Annual Appreciation
4.87%
Original Mortgage
$160,000
Outstanding Balance
$109,616
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$549,296

Purchase Details

Listed on
Oct 14, 2010
Closed on
Feb 10, 2012
Sold by
Francis J Francis J and Gill Colleen Morris
Bought by
Riccardi Stephen J and Riccardi Lori A
Seller's Agent
William Hand
Long & Foster Real Estate, Inc.
Buyer's Agent
Ava Cannon
Jack Lingo - Rehoboth
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$109,616
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$549,296
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Riccardi Stephen J $335,000 --
Riccardi Stephen J $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riccardi Stephen J $160,000
Closed Riccardi Stephen J $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2012 02/10/12 Sold $335,000 0.0% --
12/29/2011 12/29/11 Pending -- -- --
10/14/2010 10/14/10 For Sale $335,000 -- --
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 $1,119 $17,950 $0 $17,950
2024 $804 $17,950 $0 $17,950
2023 $803 $17,950 $0 $17,950
2022 $790 $17,950 $0 $17,950
2021 $767 $17,950 $0 $17,950
2020 $732 $17,950 $0 $17,950
2019 $728 $17,950 $0 $17,950
2018 $735 $19,450 $0 $0
2017 $742 $19,450 $0 $0
2016 $653 $19,450 $0 $0
2015 $674 $19,450 $0 $0
2014 $663 $19,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: 1000956346

Bright MLS

APN: 134-17.00-56.02-303S

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