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$3,500,000

Beds
5
Baths
5.5
sq ft
4,000

40134 Virginia Ave, Fenwick Island, DE 19944

40134 Virginia Ave

FENWICK ISLAND, DE 19944

  • Pending
    • Price drop $280,000↓
Discover 40134 Virginia Avenue - a fully renovated 5 bed, 5.5 bath home beach-side of Route 1 in Fenwick Island. Spanning 4,000 square feet, this stunning coastal retreat curated by Kayak-Creations and built by MTV Construction offers luxury and comfort just steps from the Atlantic Ocean. Enjoy spacious living areas, modern amenities, and elegant finishes throughout. Experience the perfect blend of style and seaside serenity in this remarkable Coastal Delaware home.

Details

Property type

Single Family Residence

Est. home value

$1,205,886

Lot size

4,792 sq ft

Price per sq ft

$875

Year built

1960

Annual property taxes

$817

HOA

No

Price History

08/29/2024
Bright

Bright #DESU2064962

Pending
$3,500,000
08/02/2024
Bright

Bright #DESU2064962

Price change
$3,500,000
-7.41%
07/05/2024
Bright

Bright #DESU2064962

Listed
$3,780,000
+215%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

INDIAN RIVER

Negotiation Insights

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

Seller could get up to

$2,269,584
Asking price
$3,500,000
Closing costs (~8% of asking)
-$280,000
Est. remaining loan balance
-$950,416
Cash to seller
$2,269,584

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Capital Bank Na

Loan start date

October 2023

Original loan amount

$960,000

Est. remaining balance

$950,416

Interest rate

7.09%

Loan type

New Conventional, 30 year

Seller

Nathan Samuel Thompson

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: Pending/Under Contract

Tomo last checked: 10/06/2024 at 10:55 AM

Listing updated: 08/28/2024 at 9:03 PM

Listed by: Matthew Lunden, Keller Williams Realty Phone #: (302) 360-0300

MLS: Bright #DESU2064962

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