NOT LISTED FOR SALE

117 Laurel St Rehoboth Beach, DE 19971

Estimated Value: $2,068,883 - $2,894,000

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

Last Sold July 13, 2023

Last sale price $1,875,000

Est. 28% increase in value since last sale

Current estimated payment $13,105/month

6 Days on Market

Highlights

  • Guest House
  • Coastal Architecture
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Traditional Floor Plan
  • 4-minute walk to Stockley Street Park

About This Home

As of July 2023

Highly sought after South Rehoboth location one and a half blocks to beach. Property is a 50 X 100 foot standard City of Rehoboth Beach lot containing a front house with three bedrooms and two full baths plus a rear garage apartment with two bedroom and one full bath. Home was inherited by Salisbury University Foundation whose representatives have extremely limited information regarding the home and therefore are offering the home in "as is" condition due to that limited knowledge. Age of home approximate.
Rear apartment is tenant occupied until September 5th and notice will be required for showings.

Last Agent to Sell the Property

Kathy Newcomb

(302) 542-4255 knewcomb@cbanker.com Coldwell Banker Premier - Rehoboth License #RA-0003510 Listed on: 06/15/2023

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Casey Bailey

(302) 542-1746 casey@theparkergroup.com The Parker Group License #RS-0036870

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,205

Year Built

  • Built in 1970

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Downtown Location
  • Property is in average condition
  • Property is zoned TN

Home Design

  • Coastal Architecture
  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Beamed Ceilings
  • Brick Fireplace
  • Window Treatments
  • Partial Basement
  • Dishwasher
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Gravel Driveway

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Heating Available
  • Municipal Trash
  • Public Septic

Additional Features

  • Chairlift
  • Guest House

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 63
  • Assessor Parcel Number 334-14.17-551.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,205

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Traditional
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Chairlift
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Contents of property as seen and presented as a convenience to the seller.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher
  • Flooring Type: Hardwood, Laminated
  • Interior Amenities: Built-Ins, Exposed Beams, Floor Plan - Traditional, Window Treatments, Wood Floors
  • Fireplace Features: Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Hookup
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 117

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s), Guest House
  • Construction Materials: Frame, Stick Built
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Sewer/Septic System: Public Septic
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 999
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Average
  • Year Assessed: 2022
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • School Tax: 482.94
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1204.54
  • Assessor Parcel Number: 334-14.17-551.00
  • Tax Lot: 63
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/13/2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jul 13, 2023
Sold by
Salisbury University Foundation Inc
Bought by
Laurel Branch Llc
Seller's Agent
Kathy Newcomb
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Casey Bailey
The Parker Group
List Price
$2,000,000
Sold Price
$1,875,000
Premium/Discount to List
-$125,000
-6.25%
Views
213
Current Estimated Value
$2,401,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,221
Avg. Annual Appreciation
5.72%

Purchase Details

Closed on
Mar 31, 2010
Bought by
Harrison W Stewart

Purchase Details

Closed on
Mar 29, 2010
Bought by
Harrison W Stewart
Source: Public Records

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
Laurel Branch Llc $1,875,000 None Listed On Document
Harrison W Stewart -- --
Harrison W Stewart -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $1,875,000 -6.3% --
06/21/2023 06/21/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $2,000,000 -- --
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 $4,498 $20,800 $9,350 $11,450
2024 $1,025 $20,800 $9,350 $11,450
2023 $1,024 $20,800 $9,350 $11,450
2022 $576 $20,800 $9,350 $11,450
2021 $580 $20,800 $9,350 $11,450
2020 $577 $20,800 $9,350 $11,450
2019 $578 $20,800 $9,350 $11,450
2018 $531 $20,800 $0 $0
2017 $512 $20,800 $0 $0
2016 $497 $20,800 $0 $0
2015 $477 $20,800 $0 $0
2014 $469 $20,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Newcomb

    Seller's Agent in 2023

    Kathy Newcomb

    Coldwell Banker Premier - Rehoboth

    (302) 542-4255

    19 in this area

    179 Total Sales

    Kathy Newcomb
    Section Image

  • C

    Buyer's Agent in 2023

    Casey Bailey

    The Parker Group

    (302) 542-1746

    4 in this area

    19 Total Sales

    Casey Bailey
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2042998

Bright MLS

APN: 334-14.17-551.00

Delaware Sussex County Rehoboth Beach 19971

117 Laurel St, Rehoboth Beach, DE

This home is located at 117 Laurel St, Rehoboth Beach, DE 19971 since 15 June 2023 and is currently estimated at $2,401,221. This property was built in 1970. 117 Laurel St 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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