101 Dover Rd Rehoboth Beach, DE 19971
Estimated Value: $1,732,000 - $1,976,000
4
Beds
2.5
Baths
2,614
Sq Ft
$708/Sq Ft
Est. Value
Highlights
- Home fronts navigable water
- Water Access
- Coastal Architecture
- Rehoboth Elementary School Rated A
- Bay View
- 1-minute walk to John Waples Memorial Playground
About This Home
As of May 2021This beach home ‘checks all the boxes’: Dewey Beach, Fee Simple, Furnished, Bay Views, Rentals over $60,000 annually! It’s a perfect second home or investment property, an oasis in the center of Dewey Beach, is close to everything yet feels private and spacious. This home is steps to the Bay and 1.5 blocks to the ocean beach. An open floor plan maximizes your entertainment space including a living room/dining room and a charming galley kitchen with a bar counter. There’s an adorable cottage porch bedroom off the living room, another open and bright room off the dining room with views of the bay. A copula above affords long views to the Bay and ocean and almost all of Dewey Beach. Downstairs, you’ll enjoy a spacious owners’ suite, two bedrooms with a full bathroom, and a good-sized mudroom (with washer and dryer) leading to an outdoor shower. A sizable, one-car garage accommodates all your beach toys. Home is currently finished to sleep 12. Lot size is 50x60’, and a third floor can be added to this home (verify with Daune Hinks Buildings, Dewey Beach, dhinks@townofdeweybeach.com).
Last Listed By
Monument Sotheby's International Realty License #RS-0025033 Listed on: 04/01/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,600
Year Built
- Built in 1983
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 60.00 x 50.00
- Property fronts the bay but unit may not have water views
- Home fronts navigable water
- Corner Lot
- Property is in good condition
- Property is zoned TN
Parking
- 1 Car Attached Garage
- Front Facing Garage
- Gravel Driveway
Home Design
- Coastal Architecture
- Architectural Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 2,614 Sq Ft Home
- Property has 2 Levels
- Wood Burning Stove
- Bay Views
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
Outdoor Features
- Water Access
- Property near a bay
Location
- Flood Risk
Utilities
- Zoned Heating and Cooling
- Window Unit Cooling System
- Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-20.18-89.01
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2021
Closed on
May 26, 2021
Sold by
Turner Thomas J and Turner Lisa D
Bought by
Yi Chong
Seller's Agent
Carol Ann Pala
Monument Sotheby's International Realty
Buyer's Agent
Joe Preston
Vantage Resort Realty-52
List Price
$1,275,000
Sold Price
$1,330,000
Premium/Discount to List
$55,000
4.31%
Total Days on Market
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$519,653
Avg. Annual Appreciation
9.69%
Original Mortgage
$1,064,000
Outstanding Balance
$975,108
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$941,610
Purchase Details
Closed on
Jul 31, 2015
Sold by
Armstrong Christine H and Armstrong Creighton J
Bought by
Thomas J Preston and Turner Lisa D
Create a Home Valuation Report for This Property
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Similar Homes in Rehoboth Beach, DE
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yi Chong | $1,330,000 | None Available | |
| Thomas J Preston | $675,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Yi Chong | $130,000 | |
| Open | Yi Chong | $1,064,000 | |
| Closed | Yi Chong | $1,064,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2021 05/26/21 | Sold | $1,330,000 | +4.3% | $509 / Sq Ft |
| 04/10/2021 04/10/21 | Pending | -- | -- | -- |
| 04/01/2021 04/01/21 | For Sale | $1,275,000 | -- | $488 / 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 |
|---|---|---|---|---|
| 2024 | $1,856 | $31,200 | $7,350 | $23,850 |
| 2023 | $1,855 | $31,200 | $7,350 | $23,850 |
| 2022 | $1,801 | $31,200 | $7,350 | $23,850 |
| 2021 | $1,788 | $31,200 | $7,350 | $23,850 |
| 2020 | $1,782 | $31,200 | $7,350 | $23,850 |
| 2019 | $1,760 | $31,200 | $7,350 | $23,850 |
| 2018 | $1,370 | $31,200 | $0 | $0 |
| 2017 | $1,312 | $31,200 | $0 | $0 |
| 2016 | $1,282 | $31,200 | $0 | $0 |
| 2015 | $1,226 | $31,200 | $0 | $0 |
| 2014 | $1,218 | $31,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Carol Ann Pala
Seller's Agent in 2021
Carol Ann Pala
OCEAN ATLANTIC SOTHEBYS
(302) 312-1794
2 in this area
41 Total Sales
-
J
Buyer's Agent in 2021
Joe Preston
Vantage Resort Realty-52
Map
Source: Bright MLS
MLS Number: DESU178512
APN: 334-20.18-89.01
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