NOT LISTED FOR SALE

1 Grove St Rehoboth Beach, DE 19971

Estimated Value: $2,196,000 - $2,743,000

0.11 Acre
$22,087,882 Price per Acre
5,000 Sq Ft Lot

Last Sold August 15, 2017

Last sale price $550,000

Est. 342% increase in value since last sale

Current estimated payment $13,149/month

2,386 Days on Market

Highlights

  • Property borders a national or state park
  • Corner Lot
  • 2-minute walk to Grove Park
  • Rehoboth Elementary School Rated A
  • No HOA

About This Lot

As of August 2017

Once in a lifetime chance to buy a 50' x 100' lot overlooking Grove Park at Columbia Avenue and Grove Street. Zoned R-2, one parcel. Build up to a 3,000 square foot house in the most desirable neighborhood in Rehoboth

Last Agent to Sell the Property

Robert Burton

(302) 448-9828 bobburton@northroprealty.com RE/MAX Realty Group Rehoboth Listed on: 02/02/2011

Last Buyer's Agent

Robert Burton

(302) 448-9828 bobburton@northroprealty.com RE/MAX Realty Group Rehoboth Listed on: 02/02/2011

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,701

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Property borders a national or state park
  • Corner Lot
  • Cleared Lot

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-126.00

Property Details

Property Type

Land

Est. Annual Taxes

$1,701

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • Historic: No
  • New Construction: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 120.00

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer, Public Hook/Up Avail

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Features: Cleared, Corner
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50X100
  • Lot Size Units: Acres
  • Lot Sq Ft: 5000.00
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5194506
  • Tax Annual Amount: 1701.00
  • Assessor Parcel Number: 334-13.20-126.00
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Total Tax Bill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2018
Sold by
Wine Down Holdings Llc
Bought by
Goode Jeffrey H and Goode Suzanne
Current Estimated Value
$2,429,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$440,838
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$1,988,829

Purchase Details

Listed on
Feb 2, 2011
Closed on
Aug 16, 2017
Sold by
Nailor Betty A and Mcdaniel Charlotte B
Bought by
Wine Down Holdings Llc
Seller's Agent
Robert Burton
RE/MAX Realty Group Rehoboth
Buyer's Agent
Robert Burton
RE/MAX Realty Group Rehoboth
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.55%

Purchase Details

Listed on
Feb 2, 2011
Closed on
Aug 15, 2017
Sold by
Nailor Betty A and Mcdaniel Charlotte B
Bought by
Wine Down Holdings Llc
Seller's Agent
Robert Burton
RE/MAX Realty Group Rehoboth
Buyer's Agent
Robert Burton
RE/MAX Realty Group Rehoboth
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%

Purchase Details

Closed on
Jul 8, 2016
Sold by
Nailor Laura Lynn
Bought by
Nailor David A and Nailor Greg A

Purchase Details

Closed on
Aug 29, 2015
Sold by
Estate Of Bob S Burton
Bought by
Burton Margaret I
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Goode Jeffrey H $1,500,000 --
Wine Down Holdings Llc -- None Available
Wine Down Holdings Llc -- None Available
Nailor David A -- None Available
Nailor David A -- None Available
Burton Margaret I -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goode Jeffrey H $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2017 08/15/17 Sold $550,000 0.0% --
05/24/2011 05/24/11 Off Market $550,000 -- --
02/02/2011 02/02/11 For Sale $600,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $4,424 $11,500 $7,500 $4,000
2024 $1,316 $11,500 $7,500 $4,000
2023 $1,315 $11,500 $7,500 $4,000
2022 $1,251 $11,500 $7,500 $4,000
2021 $1,335 $11,500 $7,500 $4,000
2020 $1,730 $11,500 $7,500 $4,000
2019 $541 $11,500 $7,500 $4,000
2018 $1,618 $36,850 $0 $0
2017 $484 $11,500 $0 $0
2016 $459 $11,500 $0 $0
2015 $439 $11,500 $0 $0
2014 $1,572 $41,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Robert Burton

    RE/MAX

    (302) 448-9828

    14 in this area

    77 Total Sales

    Robert Burton
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Map

Source: Bright MLS

MLS Number: 1000997816

Bright MLS

APN: 334-13.20-126.00

Delaware Sussex County Rehoboth Beach 19971

1 Grove St, Rehoboth Beach, DE

Not Listed for Sale

Lots

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