Seller's Agent in 2021
Carrie Lingo
Jack Lingo - Lewes
(302) 500-0825
16 in this area
856 Total Sales
1 Beach Ave Rehoboth Beach, DE 19971
Estimated Value: $128,746 - $4,654,000
6
Beds
5.5
Baths
3,500
Sq Ft
$755/Sq Ft
Est. Value
Highlights
- 88 Feet of Waterfront
- Ocean View
- Beach
- Rehoboth Elementary School Rated A
- Primary bedroom faces the ocean
- 3-minute walk to Delaware Seashore State Park
About This Home
As of December 2021Now is your chance to own 1 Beach Avenue - One of the most highly coveted addresses along the East Coast. This oceanfront property is situated on one of Coastal Delaware's most unique lots. With no dunes to block its ocean views, you can walk directly out your front door and onto private North Indian Beach. Enjoy expansive vistas of the Atlantic from multiple outdoor decks, including two new rooftop decks. The inverted floor plan maximizes the panoramic beauty of these ocean views. The first level offers 5 bedrooms, 4 full bathrooms, and a large laundry room. Second-level highlights include a large kitchen, open living and dining areas, a powder room, and a sixth bedroom with a full bathroom. This bedroom could also be used as a second living area, den, or study. This home boasts a brand-new architectural shingle roof as well as new HardiePlank siding. Additionally, the eastern side of the home has new Pella 350 Series windows and doors with AZEK framing. Store your boat across the street from your home at the Rehoboth Bay Marina. North Indian Beach is a small, unique community with a private, guarded beach and private security. Located on the southern end of Dewey Beach, it also offers an easy walk to a variety of resort-style amenities. Easily stroll into town for a night at the Starboard or Rusty Rudder; or, ride your bike or take the trolley into downtown Rehoboth Beach. Flood insurance is currently under $5K per year and is transferrable. This home is priced competitively. Call for your own private tour today!
Last Agent to Sell the Property
(302) 500-0825 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 06/21/2021
Co-Listed By
(302) 562-7954 merritt@jacklingo.com Jack Lingo - Lewes License #RS-0023847
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,080
Year Built
- Built in 1982 | Remodeled in 2021
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 90.00 x 87.00
- 88 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Private Beach
- Sandy Beach
- Cleared Lot
- 334-23.06-70.01
- Property is in excellent condition
- Property is zoned MR
HOA Fees
- $254 Monthly HOA Fees
Parking
- 4 Parking Spaces
Property Views
- Ocean
- Panoramic
Home Design
- Coastal Architecture
- Frame Construction
- Architectural Shingle Roof
- Rubber Roof
- Piling Construction
- HardiePlank Type
- Dryvit Stucco
Interior Spaces
- 3,500 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Ceiling Fan
- Recessed Lighting
- Living Room
- Dining Room
Flooring
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- Primary bedroom faces the ocean
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on lower level
Outdoor Features
- Access to Tidal Water
- Canoe or Kayak Water Access
- Private Water Access
- Property is near an ocean
- Sail
- Swimming Allowed
- Non Powered Boats Only
- Deck
- Outdoor Storage
Location
- Flood Risk
Utilities
- Central Air
- Heat Pump System
- 200+ Amp Service
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 334-23.06-70.00
Community Details
Overview
- Association fees include common area maintenance, management, reserve funds, trash
- North Indian Beach Owners Association
- Indian Beach Subdivision
- Property Manager
Recreation
- Beach
- Fishing Allowed
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 31, 2024
Sold by
Simpler Kenneth A and Simpler Ann H
Bought by
Kenneth A Simpler Revocable Trust and Simpler
Current Estimated Value
Purchase Details
Listed on
Jun 21, 2021
Closed on
Dec 22, 2021
Sold by
Costleigh Brian and Costleigh Rene
Bought by
Simpler Kenneth A and Simpler Ann H
Seller's Agent
Carrie Lingo
Jack Lingo - Lewes
Buyer's Agent
Tjark Bateman
Jack Lingo - Rehoboth
List Price
$4,399,000
Sold Price
$4,100,000
Premium/Discount to List
-$299,000
-6.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.03%
Original Mortgage
$3,280,000
Interest Rate
3.05%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Feb 1, 2013
Sold by
Costleigh Brian
Bought by
Costleigh Brian and Costleigh Rene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
3.38%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kenneth A Simpler Revocable Trust | -- | None Listed On Document | |
| Simpler Kenneth A | $4,100,000 | None Available | |
| Costleigh Brian | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Simpler Kenneth A | $3,280,000 | |
| Previous Owner | Costleigh Brian | $875,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2021 12/30/21 | Sold | $4,100,000 | -6.8% | $1,171 / Sq Ft |
| 06/21/2021 06/21/21 | For Sale | $4,399,000 | -- | $1,257 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,209 | $65,400 | $15,750 | $49,650 |
| 2024 | $3,754 | $65,400 | $15,750 | $49,650 |
| 2023 | $3,751 | $65,400 | $15,750 | $49,650 |
| 2022 | $3,427 | $65,400 | $15,750 | $49,650 |
| 2021 | $3,398 | $65,400 | $15,750 | $49,650 |
| 2020 | $3,388 | $65,400 | $15,750 | $49,650 |
| 2019 | $3,371 | $65,400 | $15,750 | $49,650 |
| 2018 | $2,872 | $65,400 | $0 | $0 |
| 2017 | $2,750 | $65,400 | $0 | $0 |
| 2016 | $2,676 | $65,400 | $0 | $0 |
| 2015 | $2,560 | $65,400 | $0 | $0 |
| 2014 | $2,542 | $65,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Carrie Lingo
-
Merritt Cooch
Seller Co-Listing Agent in 2021
Merritt Cooch
Jack Lingo - Lewes
(302) 562-7954
8 in this area
88 Total Sales
-
Tjark Bateman
Buyer's Agent in 2021
Tjark Bateman
Jack Lingo - Rehoboth
(302) 745-0018
7 in this area
87 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2000654
APN: 334-23.06-70.00
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