Seller's Agent in 2024
John Redefer
Rehoboth Bay Realty, Co.
(302) 542-0375
27 in this area
70 Total Sales
118 Chicago St Dewey Beach, DE 19971
Estimated Value: $1,753,000 - $2,524,000
5
Beds
3
Baths
2,500
Sq Ft
$812/Sq Ft
Est. Value
Highlights
- Water Oriented
- Coastal Architecture
- Central Air
- Rehoboth Elementary School Rated A
- No HOA
- Heating Available
About This Home
As of March 2024Discover your dream beach home in this 5-bedroom, 3.5-bathroom home in the exclusive Rehoboth-by-the-Sea neighborhood at the north end of Dewey Beach. Fully renovated in 2020, enjoy new construction upgrades and fixtures throughout. The home offers a private, heated, in-ground pool, a fully fenced backyard, and driveway parking for 4-5 cars. Located in the second block from the beach, the home is appx 150 yards from the dune entrance, and is an easy stroll to in-town Dewey and the Rehoboth boardwalk.
With demonstrated rental income over $120,000 annually, this versatile property is ideal as a second home, a lucrative seasonal rental, or a year-round residence. Whether you're seeking a private getaway or an investment opportunity, the “Chicago Bungalow” presents a unique blend of charm, luxury, and practicality.
Last Agent to Sell the Property
Rehoboth Bay Realty, Co. License #RB-0031187 Listed on: 02/16/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $493
Year Built
- Built in 1960
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50.00 x 100.00
- Land Lease expires in 52 years
Parking
- Driveway
Home Design
- Coastal Architecture
- Cottage
- Stick Built Home
Interior Spaces
- 2,500 Sq Ft Home
- Property has 2 Levels
- Crawl Space
Bedrooms and Bathrooms
Outdoor Features
- Water Oriented
- Property is near an ocean
Utilities
- Central Air
- Heating Available
- Electric Water Heater
- Public Septic
Community Details
- No Home Owners Association
- Rehoboth By The Sea Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 18
- Assessor Parcel Number 334-20.14-122.00
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Youmans Martin Richard | $1,492,000 | |
| Closed | Keys On West Llc | $442,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $1,865,000 | 0.0% | $746 / Sq Ft |
| 02/16/2024 02/16/24 | For Sale | $1,865,000 | +324.8% | $746 / Sq Ft |
| 06/26/2019 06/26/19 | Sold | $439,000 | 0.0% | $274 / Sq Ft |
| 05/04/2019 05/04/19 | Pending | -- | -- | -- |
| 05/01/2019 05/01/19 | For Sale | $439,000 | -- | $274 / 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 |
|---|---|---|---|---|
| 2024 | $811 | $10,000 | $10,000 | $0 |
| 2023 | $811 | $10,000 | $10,000 | $0 |
| 2022 | $794 | $10,000 | $10,000 | $0 |
| 2021 | $789 | $10,000 | $10,000 | $0 |
| 2020 | $787 | $10,000 | $10,000 | $0 |
| 2019 | $766 | $10,000 | $10,000 | $0 |
| 2018 | $439 | $10,000 | $0 | $0 |
| 2017 | $421 | $10,000 | $0 | $0 |
| 2016 | $435 | $10,000 | $0 | $0 |
| 2015 | $417 | $10,000 | $0 | $0 |
| 2014 | $414 | $10,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Michael Rodriguez
Jack Lingo - Rehoboth
(302) 236-7649
5 in this area
56 Total Sales
-
T
Seller Co-Listing Agent in 2019
TJ REDEFER
Rehoboth Bay Realty, Co.
-
Buyer's Agent in 2019
Tracy Kelley
Jack Lingo - Rehoboth
(302) 227-3883
7 in this area
41 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2056128
APN: 334-20.14-122.00
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