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$1,225,000

Beds
6
Baths
3.0
sq ft
1,864

102 West St, Dewey Beach, DE 19971

102 West St

DEWEY BEACH, DE 19971

  • Off market
    • Price drop $74,000↓
Dewey Beach only a 2 minute walk 1.1 blocks from the beach. Exhilarating old school charm! There's tons of entertainment areas throughout this 6 bed/ 3 bath home that's been enjoyed by generations over the years. Bright cheery colors splashed throughout! The kitchen has been updated to include granite counters, tile floor, track lighting. The sun shining through the skylight onto the original exposed beams brightens the entire kitchen. The home features ceiling fans throughout, Seven new mini splits satisfy everyone's individual comfort level. There's a 2nd complete baseboard heating system that can be used as backup heat. Original & newer hardwood floors throughout retains the charm of an older beach classic. The large great room features slate floors with multiple sliders that lead into the screened rear porch. Outdoor entertainment includes the "Dewey famous" rooftop deck, outdoor shower, sunroom entrance into the home, rear screened porch for those rainy days, rooftop storage areas, stoned patio area, gorgeous landscaping, concrete BBQ patio, shed & paved parking. This home has a proven rental history! Previous annual rentals as high as $74,598! This home is truly a Dewey charm. This is a Rehoboth By The Sea leased land property. The annual lease amount is $23,925 a year. The annual lease amount is much more affordable than carrying the extra costs associated with a fee simple (you own) property, where the value and price would be much, much higher. Great location! Great rental investment!

Details

Property type

Single Family Residence

Lot size

4,792 sq ft

Price per sq ft

$658

Year built

1968

Annual property taxes

$603

HOA

No

Price History

07/30/2024
Bright

Bright #DESU2062436

Removed
$1,225,000
06/22/2024
Bright

Bright #DESU2062436

Price change
$1,225,000
-5.7%
05/15/2024
Bright

Bright #DESU2062436

Listed
$1,299,000
+173.47%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

CAPE HENLOPEN

School district: 

CAPE HENLOPEN

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Crosscountry Mortgage Inc

Loan start date

August 2019

Original loan amount

$336,000

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Stand Alone Refi (Refinance of Original Loan), 30 year

Seller

Paul M Smeton and Debbie D Smeton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/05/2024 at 9:55 PM

Listing updated: 07/24/2024 at 4:14 AM

Listed by: JOSEPH CHOMA, Berkshire Hathaway HomeServices PenFed Realty Phone #: (302) 227-6101

MLS: Bright #DESU2062436

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