NOT LISTED FOR SALE

Estimated Value: $2,195,000 - $5,605,000

0.24 Acres
$16,250,000 Price per Acre
10,700 Sq Ft Lot

Sale Details

Date Sold: July 24, 2014

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

Est. 105% increase in value since last sale

Current estimated payment $21,822 / mo

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2014
Closed on
Jul 24, 2014
Sold by
Bought by
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
$3,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,000,000
Avg. Annual Appreciation
6.25%
Original Mortgage
$1,425,000
Outstanding Balance
$1,084,610
Interest Rate
4.14%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$2,815,390

Purchase Details

Listed on
Dec 4, 2013
Closed on
Mar 20, 2014
Sold by
Bought by
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
Bought by
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
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,900,000 --
$1,506,250 --
$1,506,250 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001001048

Bright MLS

APN: 334-20.14-174.01

Your Personal Tour Guide

Ask me questions while you tour the home.