Dewey Beach, DE 19971,25 READ AVE #1
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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

$950,000

Est. payment /mo

$997,500

4.8%
Est.Price: ?

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25 READ AVE #1 Dewey Beach, DE 19971

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

Style Reverse

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Fees $525/mo

Annual Tax Amount $1,571

Tax Year 2020

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

Interior

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

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

View Ocean, Bay

Roof Type Architectural Shingle

Building

Story 3

Sewer Public Sewer

Water Private

Structure Type Dry Wall

New Construction N

Schools

School District Cape Henlopen

Others

Acceptable Financing Cash, Conventional

Listing Terms 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

Jason Gareau

Broker

+1(609) 929-4486

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