$52,155
$54,900
5.0%For more information regarding the value of a property, please contact us for a free consultation.
1 READ AVE #114B Dewey Beach, DE 19971
1 Bed
1 Bath
354 SqFt
Key Details
Sold Price $52,155
Property Type Single Family Home
Sub Type Unit/Flat/Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 354 sqft
Price per Sqft $147
Subdivision None Available
MLS Listing ID DESU2031252
Sold Date 11/23/22
Style Unit/Flat
Bedrooms 1
Full Baths 1
HOA Fees $415/mo
HOA Y/N Y
Abv Grd Liv Area 354
Originating Board BRIGHT
Year Built 1955
Property Description
Vacation and own on the Beach for a fraction of the Cost! That is because you own a a ¼ fraction and is deeded fee simple for each quarter share owned. This ocean view condo is just steps from the beautiful beach, and a two-minute walk to Rehoboth Bay access and the center of all the action in Dewey. A 1/4 (fractional) ownership gives you the condominium to use 1 week each month (every 4 weeks). It's the BEST of owning a beach home with NONE of the worries. You can choose to use it for yourself, offer it to family or friends, OR have the on-site management rent it for you (this unit generated $4168.43 in net rental revenue for June-August of 2022). Quarter Ownership makes the Surf Club unique with your HOA monthly fee covering EVERYTHING! It comes completely furnished similar to a hotel room - king size bed, queen size pull out sofa bed, sunroom dining area with table & chairs, efficiency kitchen and flat screen TV . The $415/month (only fee/service you need to pay) covers the on-site management, taxes, insurance, electric, sewer, water, Heat & AC, internet & cable, plus the maintaining of the pool, BBQ, sundeck area, grounds & parking area. In addition, it covers supplying, maintaining and/or replacing the furniture, silverware, plates, glassware, & appliances. The Surf Club also offers passes to the local YMCA with full access to classes, gym and indoor pool. There is nothing to do but unpack your bags and relax on the beach. The building is smoke free and no pets are allowed. There is also one parking spot with the unit.
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TOWN CODES
Rooms
Main Level Bedrooms 1
Interior
Interior Features Combination Dining/Living, Efficiency, Floor Plan - Open, Kitchen - Efficiency, Window Treatments, Ceiling Fan(s), Dining Area, Combination Kitchen/Living, Recessed Lighting
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Vinyl
Equipment Cooktop, Microwave, Refrigerator
Furnishings Yes
Fireplace N
Appliance Cooktop, Microwave, Refrigerator
Heat Source Electric
Laundry Common, Main Floor
Exterior
Garage Spaces 1.0
Utilities Available Cable TV, Electric Available, Phone, Sewer Available, Water Available
Amenities Available Beach, Cable, Common Grounds, Laundry Facilities, Picnic Area, Pool - Outdoor, Reserved/Assigned Parking
Waterfront Y
Waterfront Description Sandy Beach
Water Access Y
Water Access Desc Public Beach,Swimming Allowed
View Ocean
Roof Type Flat
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 1
Garage N
Building
Story 4
Unit Features Garden 1 - 4 Floors
Foundation Pilings
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Level or Stories 4
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Cape Henlopen
Others
Pets Allowed N
HOA Fee Include Air Conditioning,Cable TV,Common Area Maintenance,Electricity,Ext Bldg Maint,Insurance,Lawn Maintenance,Management,Pool(s),Snow Removal,Trash,Water,Custodial Services Maintenance,Heat,High Speed Internet,Laundry,Reserve Funds,Sewer,Standard Phone Service,Taxes
Senior Community No
Tax ID 334-20.18-194.00-114B
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Anita Roughton • Iron Valley Real Estate at The Beach
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