NOT LISTED FOR SALE

111 Cullen St Dewey Beach, DE 19971

Estimated Value: $603,763 - $3,586,000

5 Beds
5 Baths
3,658 Sq Ft
$578/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $2,650,000 $724 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $11,941/month

1 Day on Market

Highlights

  • Heated In Ground Pool
  • Oceanside
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Eat-In Gourmet Kitchen
  • Coastal Architecture

About This Home

As of December 2020

5BR Luxury Style Oceanside home in Rehoboth By The Sea...just steps to the ocean in DEWEY BEACH. Offered furnished with excellent rental history. Enter on the relaxing screened porch with double ceiling fans & awnings. Gather your friends & family in the sun filled spacious open living dining area with gas fireplace. The gourmet kitchen featuring granite counters & island, stainless, custom cabinets & gas cooking overlooks the living area. No detail is overlooked. The backyard is the perfect retreat with heated in-ground pool, paver patio, covered veranda eating area & grass play area. Great restaurants, brewery, and all of DEWEY Awaits... or jump the Jolly Trolley to the best of Rehoboth. This amazing home built for the discerning buyer cannot be easily duplicated. 2+car garage with lots of storage. Rents for $165K/Summer Season. FEE SIMPLE, no ground rent !

Last Listed By

Lucius Webb

Jack Lingo - Rehoboth License #RS-0017469 Listed on: 09/04/2020

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,324

Year Built

  • Built in 2018

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Landscaped
  • Sprinkler System
  • Property is in excellent condition
  • Property is zoned 376

Parking

  • 2 Car Attached Garage
  • 3 Driveway Spaces
  • Front Facing Garage
  • Gravel Driveway

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Concrete Perimeter Foundation
  • HardiePlank Type

Interior Spaces

  • 3,658 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Recessed Lighting
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • ENERGY STAR Qualified Doors
  • Insulated Doors
  • Family Room Off Kitchen
  • Dining Area
  • Garden Views
  • Finished Basement

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Cooktop
  • Built-In Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Kitchen Island
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry on lower level
  • Dryer
  • ENERGY STAR Qualified Washer

Home Security

  • Fire Sprinkler System
  • Flood Lights

Accessible Home Design

  • Halls are 36 inches wide or more
  • More Than Two Accessible Exits

Eco-Friendly Details

  • Energy-Efficient Windows

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Poolside Lot
  • Outdoor Shower

Outdoor Features

  • Oceanside
  • Sport Court
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Playground
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts
  • Water Holding Tank
  • Tankless Water Heater
  • Propane Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 8
  • Assessor Parcel Number 334-20.14-151.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,324

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits, 36"+ Wide Halls
  • Ownership: Fee Simple
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-09-16
  • Federal Flood Zone: No
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Remarks Public: 5BR Luxury Style Oceanside home in Rehoboth By The Sea...just steps to the ocean in DEWEY BEACH. Offered furnished with excellent rental history. Enter on the relaxing screened porch with double ceiling fans & awnings. Gather your friends & family in the sun filled spacious open living dining area with gas fireplace. The gourmet kitchen featuring granite counters & island, stainless, custom cabinets & gas cooking overlooks the living area. No detail is overlooked. The backyard is the perfect retreat with heated in-ground pool, paver patio, covered veranda eating area & grass play area. Great restaurants, brewery, and all of DEWEY Awaits... or jump the Jolly Trolley to the best of Rehoboth. This amazing home built for the discerning buyer cannot be easily duplicated. 2+car garage with lots of storage. Rents for $165K/Summer Season. FEE SIMPLE, no ground rent !
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Water Heater - Tankless, Washer, Oven/Range - Gas, Cooktop, Energy Star Clothes Washer, Energy Star Dishwasher, Energy Star Refrigerator, Exhaust Fan, Instant Hot Water, Water Heater - High-Efficiency
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Ceramic Tile
  • Interior Amenities: Breakfast Area, Built-Ins, Combination Kitchen/Dining, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Pantry, Recessed Lighting, Sprinkler System, Bathroom - Tub Shower, Wainscotting, Walk-In Closet(s), Window Treatments, Combination Dining/Living
  • Window Features: Energy Efficient, Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Energy Star Qualified Door(s)
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pilings, Concrete Perimeter
  • Floors In Unit Count: 3
  • Levels Count: 3
  • Room Count: 9
  • Basement: Yes
  • Basement Type: Fully Finished
  • Basement Finished Percent: 100.00
  • Basement Footprint Percent: 50.00
  • Laundry Type: Lower Floor
  • Total Sq Ft: 3658
  • Living Area Sq Ft: 3658
  • Price Per Sq Ft: 738.11
  • Above Grade Finished Sq Ft: 3658
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 111

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Hardiplank Type
  • Exterior Features: Bbq Grill, Exterior Lighting, Flood Lights, Lawn Sprinkler, Outside Shower, Play Area, Sport Court, Underground Lawn Sprinkler
  • Pool Features: Heated, Gunite, In Ground, Saltwater
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • View: Street, Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Gravel Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane, Instant Hot Water
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane, Cable Tv, Electric Available
  • Water Source: Holding Tank, Public

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: RS
  • Lot Features: Road Frontage, Poolside, Landscaping
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Patio(s), Porch(es), Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: 376
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 165000.00
  • Vacation Rental: Yes

Tax Info

  • School Tax: 1923.00
  • Tax Annual Amount: 2324.00
  • Assessor Parcel Number: 334-20.14-151.00
  • Tax Lot: 8
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/21/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Dec 21, 2020
Sold by
Pranzatelli John R and Pranzatelli Suzanne D
Bought by
Oppenheim Matthew J and Oppenheim Rose
Seller's Agent
Lucius Webb
Jack Lingo - Rehoboth
Buyer's Agent
Andy Staton
Monument Sotheby's International Realty
List Price
$2,600,000
Sold Price
$2,650,000
Premium/Discount to List
$50,000
1.92%
Total Days on Market
1
Current Estimated Value
$2,115,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$534,412
Avg. Annual Appreciation
-5.38%
Original Mortgage
$1,855,000
Outstanding Balance
$1,674,172
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$406,022

Purchase Details

Listed on
Aug 23, 2019
Closed on
Dec 2, 2019
Sold by
Conaty F Peter F and Conaty Ellen C
Bought by
Pranzatelli John R and Pranzatelli Suzanne D
Seller's Agent
Tracy Kelley
Jack Lingo - Rehoboth
Buyer's Agent
Lucius Webb
Jack Lingo - Rehoboth
List Price
$2,225,000
Sold Price
$2,000,000
Premium/Discount to List
-$225,000
-10.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.74%

Purchase Details

Closed on
Apr 16, 2010
Bought by
Conaty F Peter Jr Ellen C Conaty

Range of Values:

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Average Value
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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
Oppenheim Matthew J $2,650,000 None Available
Pranzatelli John R $2,000,000 None Available
Conaty F Peter Jr Ellen C Conaty $575,000 --
Conaty F Peter Jr Ellen C Conaty $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oppenheim Matthew J $1,855,000
Previous Owner Conaty F Peter $405,750
Previous Owner Conaty F Peter $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $2,650,000 -1.9% $724 / Sq Ft
09/16/2020 09/16/20 Price Changed $2,700,000 +3.8% $738 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $2,600,000 +30.0% $711 / Sq Ft
12/03/2019 12/03/19 Sold $2,000,000 -10.1% $641 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $2,225,000 -- $714 / 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 $2,549 $19,250 $10,000 $9,250
2023 $2,547 $19,250 $10,000 $9,250
2022 $2,469 $19,250 $10,000 $9,250
2021 $7 $19,250 $10,000 $9,250
2020 $2,442 $19,250 $10,000 $9,250
2019 $2,424 $19,250 $10,000 $9,250
2018 $845 $19,250 $0 $0
2017 $810 $19,250 $0 $0
2016 $804 $19,250 $0 $0
2015 $770 $19,250 $0 $0
2014 $765 $19,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU167942

Bright MLS

APN: 334-20.14-151.00