Seller's Agent in 2023
JOSEPH CHOMA
BHHS PenFed (actual)
(302) 381-5602
17 in this area
40 Total Sales
105 Carolina St Unit A Dewey Beach, DE 19971
Estimated Value: $832,000
3
Beds
1.5
Baths
--
Sq Ft
5,227
Sq Ft Lot
Highlights
- Home fronts navigable water
- Water Access
- Wood Flooring
- Rehoboth Elementary School Rated A
- Coastal Architecture
- Sun or Florida Room
About This Home
As of August 2023Dewey Beach! Location, location, location! Located in the highly sought after community of Rehoboth By The Sea, this home is located only 11 homes from the Atlantic Ocean. This is a Rehoboth By The Sea leased land property. The very rare re negotiated lease has 26 years remaining and is only $5,219 PER YEAR. Minute lease increases are every five years and are based off of the CPI index thus making the increase very, very affordable.. The present home boasts the pine board walls (very good condition) and hardwood and tile throughout. Recently negotiated leases are typically 3X the annual rent and include a 3.5% annual increase. Renovate this charming little home like many owners have done to their adorable cottages from yesteryear or make plans to built the home of your dreams. Due to the location and the affordable lease from yesteryear this property won't last long. Please call for a private tour, you'll be glad that you did!!
Last Listed By
Berkshire Hathaway HomeServices PenFed Realty License #RS-0015525 Listed on: 06/27/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $580
Year Built
- Built in 1970
Lot Details
- 5,227 Sq Ft Lot
- Home fronts navigable water
- Land Lease expires in 26 years
- Property is in excellent condition
- Property is zoned TOWN
Home Design
- Coastal Architecture
- Asphalt Roof
- Stick Built Home
- Tile
Interior Spaces
- Property has 1 Level
- Furnished
- Wood Burning Fireplace
- Family Room
- Sun or Florida Room
- Crawl Space
- Laundry Room
Flooring
- Wood
- Tile or Brick
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Parking
- Driveway
- Off-Street Parking
Accessible Home Design
- More Than Two Accessible Exits
- Level Entry For Accessibility
Outdoor Features
- Water Access
- Property is near an ocean
Schools
- Cape Henlopen High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Powered By Leased Propane
- Electric Water Heater
Community Details
- No Home Owners Association
- Rehoboth By The Sea Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 5
- Assessor Parcel Number 334-20.10-88.00-A
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 16, 1990
Bought by
Mehrangiz Harshbarger C and Mehrangiz Kh
Total Days on Market
21
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mehrangiz Harshbarger C | $142,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2023 08/17/23 | Sold | $1,140,000 | -12.3% | -- |
| 06/27/2023 06/27/23 | For Sale | $1,300,000 | -- | -- |
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 | $488 | $9,900 | $0 | $9,900 |
| 2023 | $488 | $9,900 | $0 | $9,900 |
| 2022 | $471 | $9,900 | $0 | $9,900 |
| 2021 | $466 | $9,900 | $0 | $9,900 |
| 2020 | $465 | $9,900 | $0 | $9,900 |
| 2019 | $465 | $9,900 | $0 | $9,900 |
| 2018 | $435 | $9,900 | $0 | $0 |
| 2017 | $416 | $9,900 | $0 | $0 |
| 2016 | $395 | $9,900 | $0 | $0 |
| 2015 | $378 | $9,900 | $0 | $0 |
| 2014 | $375 | $9,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
JOSEPH CHOMA
-
John Redefer
Buyer's Agent in 2023
John Redefer
Rehoboth Bay Realty, Co.
(302) 542-0375
27 in this area
72 Total Sales
Map
Similar Homes in the area
Source: Bright MLS
MLS Number: DESU2043278
APN: 334-20.10-88.00-A
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