Dewey Beach, DE 19971,25 READ AVE #1
Dewey Beach, DE 19971,25 READ AVE #1
Dewey Beach, DE 19971,25 READ AVE #1
Dewey Beach, DE 19971,25 READ AVE #1
Dewey Beach, DE 19971,25 READ AVE #1
Dewey Beach, DE 19971,25 READ AVE #1
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$950,000

$997,500

4.8%
Est.Price: ?

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Est. payment /mo

4 Beds

4 Baths


SOLD DATE : 08/18/2021

Key Details

Sold Price $950,000

Property Type Condo

Sub Type Condo/Co-op

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID DESU183908

Sold Date 08/18/21

Style Reverse

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Fees $525/mo

HOA Y/N Y

Originating Board BRIGHT

Annual Tax Amount $1,571

Tax Year 2020

Lot Dimensions 0.00 x 0.00

Property Description

Introducing 25 Read Ave #1 Seabreeze Village! This 4bedroom 3.5 bath ocean block townhouse is an end unit (oceanside) with additional windows creating a brilliant sunshine splashed living area. Ocean views from the master bedroom and 2nd & 3rd floor balconies. This ocean block townhome offers 2 master suites (entry level & 3rd floor), all new replacement windows, three new glass sliders (2 years old) and a newer hvac system (5 years old). The kitchen was remodeled in 2016 that includes new cabinets, appliances, corian counters and ceramic tile floors, recessed and new lighting fixtures. The 2nd floor (main living area) offers an open floorplan that includes the kitchen, open dining and family room which creates an atmosphere that's excellent for family gatherings, BBQ's... The rare community inground pool offers yet another excellent gathering area! The front staircase of the building has just been replaced with upgraded synthetic decking and vinyl rails and all assessments have been paid by the seller. Enjoy the outdoors off of one of the three balconies or the front screened porch. Summer rentals are in place. The rental income for 2021 to date is $40,945. This unit is fully furnished, turn key with rental incomes conveying to the purchaser from the settlement date forward. The present owner hasn't raised their rents for several years. This unit could easily generate $50K+ with some off season rentals. This is an excellent opportunity to own in the ocean block in Dewey!

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Rooms

Other Rooms Dining Room, Kitchen, Family Room, Laundry, Half Bath

Main Level Bedrooms 1

Interior

Interior Features Built-Ins, Carpet, Combination Dining/Living, Dining Area, Entry Level Bedroom, Combination Kitchen/Living, Family Room Off Kitchen, Floor Plan - Open, Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Window Treatments

Hot Water Electric

Heating Heat Pump - Electric BackUp, Forced Air

Cooling Central A/C

Equipment Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Oven/Range - Electric, Washer, Water Heater

Furnishings Yes

Window Features Replacement,Screens,Storm,Vinyl Clad,Double Pane

Appliance Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Oven/Range - Electric, Washer, Water Heater

Heat Source Electric

Laundry Dryer In Unit, Washer In Unit, Upper Floor

Exterior

Exterior Feature Balconies- Multiple, Screened

Parking On Site 2

Fence Board

Amenities Available Common Grounds, Pool - Outdoor, Reserved/Assigned Parking

Water Access Y

Water Access Desc Boat - Powered,Canoe/Kayak,Fishing Allowed,Personal Watercraft (PWC),Public Access,Public Beach,Sail,Swimming Allowed

View Ocean, Bay

Roof Type Architectural Shingle

Accessibility None

Porch Balconies- Multiple, Screened

Garage N

Building

Story 3

Sewer Public Sewer

Water Private

Architectural Style Reverse

Level or Stories 3

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Cape Henlopen

Others

Pets Allowed N

HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Insurance,Pool(s)

Senior Community No

Tax ID 334-20.18-203.01-1

Ownership Condominium

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by JOSEPH CHOMA • Berkshire Hathaway HomeServices PenFed Realty
Bought with JOSEPH CHOMA • Berkshire Hathaway HomeServices PenFed Realty
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