Dewey Beach, DE 19971,1 READ AVE #110C
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Dewey Beach, DE 19971,1 READ AVE #110C
Dewey Beach, DE 19971,1 READ AVE #110C
Dewey Beach, DE 19971,1 READ AVE #110C
Dewey Beach, DE 19971,1 READ AVE #110C

$69,900

Est. payment /mo

$69,900

Est.Price: ?

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1 READ AVE #110C Dewey Beach, DE 19971

1 Bed

1 Bath

480 SqFt

SOLD DATE : 02/06/2023

Key Details

Sold Price $69,900

Property Type Condo

Sub Type Unit/Flat/Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 480 sqft

Price per Sqft $145

Subdivision None Available

MLS Listing ID DESU2030868

Style Unit/Flat

Bedrooms 1

Full Baths 1

HOA Fees $415/mo

Year Built 1955

Property Description

Vacation and own on the Beach for a fraction of the Cost! That is because you own 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 $4605.65 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

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Vinyl

Equipment Cooktop, Microwave, Refrigerator

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 Description Sandy Beach

Water Access Y

View Ocean

Roof Type Flat

Building

Story 4

Foundation Pilings

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Stephen Gilson MacPherson • BHHS Fox & Roach - Hockessin
Bought with Kavon Bailey • EXP Realty, LLC

Jason Gareau

Broker

+1(609) 929-4486

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