NOT LISTED FOR SALE

11 Delaware Ave Rehoboth Beach, DE 19971

Estimated Value: $3,088,000 - $3,947,000

5 Beds
5.5 Baths
-- Sq Ft
5,000 Sq Ft Lot

Last Sold June 19, 2020

Last sale price $2,670,000

Est. 32% increase in value since last sale

Current estimated payment $18,657/month

225 Days on Market

Highlights

  • Ocean View
  • New Construction
  • Water Oriented
  • Rehoboth Elementary School Rated A
  • Private Pool
  • Building is oceanfront but unit may not have water views

About This Home

As of June 2020

Brand new for 2019, this Ocean Block home with an inground pool is a rare find in the City of Rehoboth. This magnificent 2,500sqft beach house is only 200 feet from the beach and boardwalk. Tons of outdoor space to take in the sights and sounds of Rehoboth Beach from the front porch, rear patio/pool or the second floor deck. The spacious well thought out great room has incredible attention to detail such as exposed beams, stacked stone gas fireplace, 75in Smart TV and sustainable hardwood floors that carry throughout the entire house. The open floor plan is tied together perfectly with 10 ft ceilings, Anderson windows and gorgeous craftsman trim everywhere you look.Cooking dinner for all of your guests will be a delight in the chef s kitchen with quartz counters, stainless steel Thermador appliances, 48 inch gas range and oversized French door refrigerator/freezer. All 5 of the spacious ensuite bedrooms feature tiled bathrooms with frameless glass showers. The third floor suite is embellished with exposed beams and a cathedral ceiling. The home is being sold fully furnished including all 6 of the oversized mounted TVs. This home truly has it all; a sunken laundry room, pantry closet, easy access to a conditioned crawl space, split system HVAC and 2 tankless hot water heaters. Exterior features include a paver front porch, backyard paver patio with pool, privacy fencing, outdoor shower, Hardy Plank siding and stone, composite decking, irrigation system and parking for 2 cars.This South Rehoboth masterpiece is only steps to the ocean, 2 blocks to Rehoboth Avenue and a quick stroll to shops and restaurants. For investors, the location and high end features of this superb home will attract highly desirable rental clientele as well as potentially generating an estimated rental income of over $150,000. Ask your agent for more info about this wonderful home.

Last Agent to Sell the Property

Jordan Geyer

(302) 745-8286 jgeyer05@gmail.com Jack Lingo - Rehoboth Listed on: 10/11/2019

Jack Lingo - Rehoboth

Last Buyer's Agent

Bill Ferreri

(302) 236-1261 Bill@Bay-Coast.com BAY COAST REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,718

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Building is oceanfront but unit may not have water views
  • Privacy Fence

Home Design

  • Craftsman Architecture
  • Architectural Shingle Roof
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • Property has 3 Levels
  • Ocean Views

Bedrooms and Bathrooms

Parking

  • 2 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Private Pool
  • Water Oriented
  • Property is near an ocean

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 11
  • Assessor Parcel Number 334-14.18-53.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,718

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: Furniture and Televisions
  • New Construction: Yes
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2019-10-11
  • Federal Flood Zone: No
  • Year Built: 2019
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 3+
  • Basement: No
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type
  • Construction Completed: No
  • Roof: Metal, Architectural Shingle
  • View: Ocean
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Privacy
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Zoning: RES
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: Yes

Tax Info

  • School Tax: 990.00
  • Tax Annual Amount: 2718.00
  • Assessor Parcel Number: 334-14.18-53.00
  • Tax Lot: 11
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2019
Closed on
Jun 19, 2020
Sold by
11 Dek Ave Exchange Llc
Bought by
David B Jones Irt
Seller's Agent
Jordan Geyer
Jack Lingo - Rehoboth
Buyer's Agent
Bill Ferreri
BAY COAST REALTY
List Price
$2,749,900
Sold Price
$2,670,000
Premium/Discount to List
-$79,900
-2.91%
Current Estimated Value
$3,517,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,500
Avg. Annual Appreciation
5.06%

Purchase Details

Listed on
Mar 9, 2019
Closed on
Feb 6, 2019
Sold by
Betts-Beauregard Rosemary
Bought by
11 Del Ave Exchange Llc
Seller's Agent
Jordan Geyer
Jack Lingo - Rehoboth
Buyer's Agent
Jordan Geyer
Jack Lingo - Rehoboth
List Price
$1,260,000
Sold Price
$1,260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.64%
Original Mortgage
$1,800,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2018
Sold by
Betts Dean A
Bought by
Beauregard Rosemary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
David B Jones Irt $2,670,000 None Available
11 Del Ave Exchange Llc $1,260,000 --
Beauregard Rosemary B -- --
Betts Dean A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 11 Del Ave Exchange Llc $1,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2020 06/19/20 Sold $2,670,000 -1.1% --
05/24/2020 05/24/20 Pending -- -- --
10/11/2019 10/11/19 Price Changed $2,699,000 -1.9% --
10/11/2019 10/11/19 For Sale $2,749,900 +118.2% --
03/15/2019 03/15/19 Sold $1,260,000 0.0% -- View Prior Sale
03/09/2019 03/09/19 Pending -- -- --
03/09/2019 03/09/19 For Sale $1,260,000 -- --
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
2025 $5,353 $23,250 $12,500 $10,750
2024 $2,188 $23,250 $12,500 $10,750
2023 $2,187 $23,250 $12,500 $10,750
2022 $2,110 $23,250 $12,500 $10,750
2021 $2,091 $23,250 $12,500 $10,750
2020 $2,085 $23,250 $12,500 $10,750
2019 $1,093 $23,250 $12,500 $10,750
2018 $1,021 $23,250 $0 $0
2017 $978 $23,250 $0 $0
2016 $929 $23,250 $0 $0
2015 $887 $23,250 $0 $0
2014 $881 $23,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU149178

Bright MLS

APN: 334-14.18-53.00