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25 READ AVE #1 Dewey Beach, DE 19971
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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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Bought with JOSEPH CHOMA • Berkshire Hathaway HomeServices PenFed Realty
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