NOT LISTED FOR SALE

1026 Scarborough Ave Rehoboth Beach, DE 19971

Estimated Value: $308,052 - $2,032,000

2 Beds
1 Bath
800 Sq Ft
$1,684/Sq Ft Est. Value

Last Sold April 15, 2016

Last sale price $500,000 $625 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $7,639/month

40 Days on Market

Highlights

  • Rambler Architecture
  • Wood Flooring
  • No HOA
  • Rehoboth Elementary School Rated A
  • Attic
  • Porch

About This Home

As of April 2016

Unique large lot in City of Rehoboth Beach only 5 blocks from beach via Silver Lake footbridge. Existing home could be enlarged or replaced with new construction. Lot is large enough to accommodate home with up to 4500 sq. ft. of living space plus a pool and other improvements. Easy access to Rehoboth Elementary School ground. Seller is doing a 1031 Tax Deferred Exchange. Close to Rehoboth & Dewey beaches, restaurants, shops, & recreation. Walk to the end of Scarborough Ave and enjoy the small park on the shores of Silver Lake.

Last Agent to Sell the Property

Suzanne Truitt

Mann & Sons, Inc. Listed on: 01/09/2016

Co-Listed By

Charles Renschler

Mann & Sons, Inc. License #RS-0008787

Last Buyer's Agent

Charles Renschler

Mann & Sons, Inc. License #RS-0008787

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $781

Year Built

  • Built in 1955

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 75x176x74.5x176.88
  • Cleared Lot
  • Zoning described as TOWN CODES

Home Design

  • Rambler Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Shingle Siding
  • Stick Built Home

Interior Spaces

  • 800 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Basement
  • Walk-Up Access
  • Storm Doors
  • Electric Oven or Range
  • Attic

Flooring

  • Wood
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Baseboard Heating
  • Oil Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-20.05-343.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$781

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Rambler, Ranch/Rambler
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1955
  • Remarks Public: Unique large lot in City of Rehoboth Beach only 5 blocks from beach via Silver Lake footbridge. Existing home could be enlarged or replaced with new construction. Lot is large enough to accommodate home with up to 4500 sq. ft. of living space plus a pool and other improvements. Easy access to Rehoboth Elementary School ground. Seller is doing a 1031 Tax Deferred Exchange. Close to Rehoboth & Dewey beaches, restaurants, shops, & recreation. Walk to the end of Scarborough Ave and enjoy the small park on the shores of Silver Lake.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Attic, Entry Level Bedroom, Ceiling Fan(s)
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Walkout Stairs
  • Living Area Units: Square Feet
  • Total Sq Ft: 800
  • Living Area Sq Ft: 800
  • Net Sq Ft: 800.00
  • Price Per Sq Ft: 687.38
  • Above Grade Finished Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1026

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Shingle Siding
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Oil
  • Heating Type: Baseboard, Oil
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.30
  • Lot Size Area: 13189
  • Lot Dimensions: 75x176x74.5x176.88
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13189.00
  • Outdoor Living Structures: Patio(s), Porch(es), Screened
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202625
  • Tax Annual Amount: 781.00
  • Assessor Parcel Number: 334-20.05-343.00
  • County Tax Payment Frequency: Annually
  • Close Date: 04/15/2016

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
Jan 9, 2016
Closed on
Apr 7, 2016
Sold by
Truitt W Roger
Bought by
Truitt Properties Llc
Seller's Agent
Suzanne Truitt
Mann & Sons, Inc.
Buyer's Agent
Charles Renschler
Mann & Sons, Inc.
List Price
$549,900
Sold Price
$500,000
Premium/Discount to List
-$49,900
-9.07%
Current Estimated Value
$1,347,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,013
Avg. Annual Appreciation
11.54%

Purchase Details

Closed on
Dec 31, 2012
Sold by
Truitt Roger W
Bought by
Truitt Properties Llc

Purchase Details

Closed on
Dec 28, 2012
Sold by
Truitt Roger W
Bought by
Truitt Properties Llc
Source: Public Records

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Range of Values:

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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
Truitt Properties Llc -- None Available
Truitt Properties Llc -- --
Truitt W Roger -- --
Truitt Properties Llc -- --
Truitt W Roger -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballard Terrence M $495,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2016 04/15/16 Sold $500,000 -9.1% $625 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
01/09/2016 01/09/16 For Sale $549,900 -- $687 / Sq Ft
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
2024 $1,969 $39,950 $9,850 $30,100
2023 $1,967 $39,950 $9,850 $30,100
2022 $1,899 $39,950 $9,850 $30,100
2021 $1,881 $39,950 $9,850 $30,100
2020 $1,876 $39,950 $9,850 $30,100
2019 $1,878 $39,950 $9,850 $30,100
2018 $1,754 $39,950 $0 $0
2017 $1,680 $39,950 $0 $0
2016 $605 $15,150 $0 $0
2015 $578 $15,150 $0 $0
2014 $574 $15,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Suzanne Truitt

    Seller's Agent in 2016

    Suzanne Truitt

    Mann & Sons, Inc.

    (302) 226-5600

    3 in this area

    8 Total Sales

    Suzanne Truitt
    Section Image
  • Charles Renschler

    Seller Co-Listing Agent in 2016

    Charles Renschler

    Mann & Sons, Inc.

    (302) 236-1703

    4 in this area

    11 Total Sales

    Charles Renschler
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001013170

Bright MLS

APN: 334-20.05-343.00

Delaware Sussex County Rehoboth Beach 19971

1026 Scarborough Ave, Rehoboth Beach, DE

This home is located at 1026 Scarborough Ave, Rehoboth Beach, DE 19971 since 09 January 2016 and is currently estimated at $1,347,013, approximately $1,683 per square foot. This property was built in 1955. 1026 Scarborough Ave is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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