NOT LISTED FOR SALE

Estimated Value: $2,899,000 - $5,520,000

0.24 Acre
$17,539,583 Price per Acre
10,700 Sq Ft Lot

Last Sold July 24, 2014

Last sale price $1,900,000 $435 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $22,483/month

37 Days on Market

Highlights

  • Ocean View
  • Waterfront
  • Corner Lot
  • Rehoboth Elementary School Rated A
  • 0.24 Acre Lot
  • No HOA

About This Lot

As of July 2014

Oceanfront Corner Building Lot In Rehoboth By The Sea. Enjoy Unobstructed Ocean Views & Direct Beach Access In This Convenient Location Situated Central To Downtown Rehoboth & Dewey Beach Amenities. 1,820SF Buildable Footprint. Building Plans On File. No Builder Tie-In, But Finished Home Is Option.

Last Agent to Sell the Property

Bryce Lingo

(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 04/18/2014

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 227-3883 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Bryce Lingo

(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 04/18/2014

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,425

Lot Details

  • 10,700 Sq Ft Lot
  • Lot Dimensions are 53.5 x 200
  • Waterfront
  • Corner Lot
  • Cleared Lot

Additional Features

  • Ocean Views
  • Flood Risk
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 334-20.14-174.01

Community Details

Overview

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Recreation

  • Water Access
  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$2,425

Lot Details

10,700 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 186.45

Exterior Features

  • Construction Completed: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer, Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

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

Lot Info

  • Crops Included: No
  • Lot Features: Cleared, Corner
  • Lot Size Acres: 0.24
  • Lot Size Description: ClearAcres: 0.24
  • Lot Dimensions: 53.5 x 200
  • Lot Size Units: Acres
  • Lot Sq Ft: 10700.00
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2425.00
  • Assessor Parcel Number: 334-20.14-174.01
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2014
Closed on
Jul 24, 2014
Sold by
Philip Philip
Bought by
Williams Ken D
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$1,900,000
Sold Price
$1,900,000
Current Estimated Value
$4,209,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,309,500
Avg. Annual Appreciation
7.11%
Original Mortgage
$1,425,000
Outstanding Balance
$1,084,610
Interest Rate
4.14%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$3,124,890

Purchase Details

Listed on
Dec 4, 2013
Closed on
Mar 20, 2014
Sold by
Donald R Donald R and Ziegler Suzanne F
Bought by
Leibovitz Philip
Seller's Agent
KEITH MISENER
Long & Foster Real Estate, Inc.
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$3,125,000
Sold Price
$3,012,500
Premium/Discount to List
-$112,500
-3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-71.23%

Purchase Details

Listed on
Dec 4, 2013
Closed on
Mar 11, 2014
Sold by
Donald R Donald R and Ziegler Suzanne F
Bought by
Leibovitz Philip
Seller's Agent
KEITH MISENER
Long & Foster Real Estate, Inc.
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$3,125,000
Sold Price
$3,012,500
Premium/Discount to List
-$112,500
-3.6%
Source: Public Records
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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
Williams Ken D $1,900,000 --
Leibovitz Philip $1,506,250 --
Leibovitz Philip $1,506,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Ken D $1,425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2014 07/24/14 Sold $1,900,000 0.0% $435 / Sq Ft
05/25/2014 05/25/14 Pending -- -- --
04/18/2014 04/18/14 For Sale $1,900,000 -36.9% $435 / Sq Ft
03/11/2014 03/11/14 Sold $3,012,500 -3.6% $840 / Sq Ft View Prior Sale
12/11/2013 12/11/13 Pending -- -- --
12/04/2013 12/04/13 For Sale $3,125,000 -- $871 / Sq Ft
Source: Bright MLS

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 $9,574 $26,750 $26,750 $0
2024 $4,710 $26,750 $26,750 $0
2023 $4,706 $26,750 $26,750 $0
2022 $4,553 $26,750 $26,750 $0
2021 $4,514 $26,750 $26,750 $0
2020 $4,501 $26,750 $26,750 $0
2019 $1,554 $26,750 $26,750 $0
2018 $1,175 $26,750 $0 $0
2017 $1,125 $26,750 $0 $0
2016 $1,107 $26,750 $0 $0
2015 $1,059 $26,750 $0 $0
2014 $1,051 $26,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001001048

Bright MLS

APN: 334-20.14-174.01

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