Seller's Agent in 2025
Michael Rodriguez
Jack Lingo - Rehoboth
(302) 236-7649
28 in this area
48 Total Sales
108 Laurel St Rehoboth Beach, DE 19971
Estimated Value: $2,663,000 - $2,737,000
5
Beds
3
Baths
2,975
Sq Ft
$905/Sq Ft
Est. Value
Highlights
- Coastal Architecture
- Wood Flooring
- No HOA
- Rehoboth Elementary School Rated A
- Main Floor Bedroom
- 5-minute walk to Stockley Street Park
About This Home
As of May 2025NEW PRICE and what an opportunity!!! Welcome to 108 Laurel St, A Charming Coastal Retreat in South Rehoboth Beach. Discover the timeless appeal of this classic 5-bedroom, 3-bathroom coastal beach house on a RARE OVERSIZED 50 X 157 lot. This property offers abundant space and is just over one block from the iconic boardwalk and pristine beach. As you approach, you'll be welcomed by a large front wrap-around screened porch, perfect for enjoying morning coffee or evening sunsets. Step inside to find a spacious and inviting interior, ready for your personal updates to transform it into your dream beach home. The home also features both a rear screened porch and a deck, providing ample space for outdoor relaxation and entertainment. An outside shower adds to the convenience, ideal for rinsing off after a day at the beach. Highlights of this property include: Expansive living areas with potential for customization, Five generously sized bedrooms, offering comfort for family and guests. Three well-appointed bathrooms, An oversized lot, providing space for potential enhancements such as expansion or an inground pool. Excellent proximity to boutique shopping, fine dining, and vibrant nightlife of downtown Rehoboth Beach. This exceptional property is perfect for those looking to embrace the coastal lifestyle. Whether you envision it as a year-round residence, a vacation getaway or an investment property, this beach house offers endless possibilities. Don't miss this unique opportunity to own a piece of paradise in South Rehoboth Beach. See attached list of improvements that have already been done. Schedule your private tour today and imagine the potential of this coastal gem!
Last Agent to Sell the Property
(302) 236-7649 mrod@jacklingo.com Jack Lingo - Rehoboth License #RS-0017904 Listed on: 08/02/2024
Last Buyer's Agent
(240) 274-1219 joe.petrone@sothebysrealty.com Monument Sotheby's International Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,894
Year Built
- Built in 1942
Lot Details
- 7,850 Sq Ft Lot
- Lot Dimensions are 50.00 x 157.00
- Back Yard Fenced
- Property is in very good condition
- Property is zoned TOWN CODES, General Residential
Home Design
- Coastal Architecture
- Architectural Shingle Roof
- Stick Built Home
Interior Spaces
- 2,975 Sq Ft Home
- Property has 2 Levels
- Partially Furnished
- Ceiling Fan
- Wood Burning Fireplace
- Stone Fireplace
- Window Treatments
- Family Room Off Kitchen
- Dining Area
- Wood Flooring
- Crawl Space
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- Walk-In Closet
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- On-Street Parking
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Outdoor Shower
- Outbuilding
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
- South Rehoboth Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-14.17-565.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
May 16, 2025
Sold by
Brent Elizabeth M and Kahn David L
Bought by
Smith Michael Stephen and Smith Anne M
Seller's Agent
Michael Rodriguez
Jack Lingo - Rehoboth
Buyer's Agent
Joe Petrone
Monument Sotheby's International Realty
List Price
$2,850,000
Sold Price
$2,610,000
Premium/Discount to List
-$240,000
-8.42%
Views
130
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
$81,333
Avg. Annual Appreciation
4.91%
Original Mortgage
$1,566,000
Outstanding Balance
$1,560,444
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$1,130,889
Purchase Details
Listed on
Apr 7, 2016
Closed on
Nov 23, 2016
Sold by
Bassett Mary Ann
Bought by
Kahn David L and Brent Elizabeth M
Seller's Agent
HENRY MCKAY
Jack Lingo - Rehoboth
Buyer's Agent
Michael Rodriguez
Jack Lingo - Rehoboth
List Price
$1,485,000
Sold Price
$1,450,000
Premium/Discount to List
-$35,000
-2.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$116,000
Interest Rate
4.16%
Purchase Details
Listed on
Apr 7, 2016
Closed on
Nov 2, 2016
Sold by
Bassett Mary Ann
Bought by
Kahn David L and Brent Elizabeth M
Seller's Agent
HENRY MCKAY
Jack Lingo - Rehoboth
Buyer's Agent
Michael Rodriguez
Jack Lingo - Rehoboth
List Price
$1,485,000
Sold Price
$1,450,000
Premium/Discount to List
-$35,000
-2.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.16%
Purchase Details
Closed on
Jul 22, 2003
Bought by
Bassett Mary Ann
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Michael Stephen | $2,610,000 | None Listed On Document | |
| Smith Michael Stephen | $2,610,000 | None Listed On Document | |
| Kahn David L | $1,450,000 | None Available | |
| Kahn David L | $1,450,000 | None Available | |
| Bassett Mary Ann | $900,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Smith Michael Stephen | $1,566,000 | |
| Closed | Smith Michael Stephen | $1,566,000 | |
| Previous Owner | Bassett Mary Ann | $116,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/16/2025 05/16/25 | Sold | $2,610,000 | -3.3% | $877 / Sq Ft | |
| 03/29/2025 03/29/25 | Price Changed | $2,700,000 | -5.3% | $908 / Sq Ft | |
| 02/28/2025 02/28/25 | Price Changed | $2,850,000 | 0.0% | $958 / Sq Ft | |
| 02/28/2025 02/28/25 | For Sale | $2,850,000 | -4.8% | $958 / Sq Ft | |
| 12/04/2024 12/04/24 | Off Market | $2,995,000 | -- | -- | |
| 09/01/2024 09/01/24 | Price Changed | $2,995,000 | -6.4% | $1,007 / Sq Ft | |
| 08/02/2024 08/02/24 | For Sale | $3,200,000 | +120.7% | $1,076 / Sq Ft | |
| 11/07/2016 11/07/16 | Sold | $1,450,000 | -2.4% | $487 / Sq Ft | View Prior Sale |
| 09/28/2016 09/28/16 | Pending | -- | -- | -- | |
| 04/07/2016 04/07/16 | For Sale | $1,485,000 | -- | $499 / 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 |
|---|---|---|---|---|
| 2025 | $4,570 | $18,500 | $11,050 | $7,450 |
| 2024 | $927 | $18,500 | $11,050 | $7,450 |
| 2023 | $926 | $18,500 | $11,050 | $7,450 |
| 2022 | $894 | $18,500 | $11,050 | $7,450 |
| 2021 | $885 | $18,500 | $11,050 | $7,450 |
| 2020 | $883 | $18,500 | $11,050 | $7,450 |
| 2019 | $884 | $18,500 | $11,050 | $7,450 |
| 2018 | $812 | $18,500 | $0 | $0 |
| 2017 | $778 | $18,500 | $0 | $0 |
| 2016 | $739 | $18,500 | $0 | $0 |
| 2015 | $706 | $18,500 | $0 | $0 |
| 2014 | $701 | $18,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Rodriguez
-
Joe Petrone
Buyer's Agent in 2025
Joe Petrone
OCEAN ATLANTIC SOTHEBYS
(240) 274-1219
10 in this area
1,472 Total Sales
-
HENRY MCKAY
Seller's Agent in 2016
HENRY MCKAY
Jack Lingo - Rehoboth
(302) 381-5039
11 in this area
21 Total Sales
-
Christina Haag
Seller Co-Listing Agent in 2016
Christina Haag
Jack Lingo - Rehoboth
(302) 227-3883
18 in this area
30 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2067438
APN: 334-14.17-565.00
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