NOT LISTED FOR SALE

12 Hazlett St Rehoboth Beach, DE 19971

Estimated Value: $1,736,000 - $2,724,379

0.23 Acre
$10,516,717 Price per Acre
10,000 Sq Ft Lot

Last Sold September 01, 2021

Last sale price $2,150,000 $1,120 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $13,347/month

19 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Building is oceanfront but unit may not have water views
  • Rehoboth Elementary School Rated A
  • Private Water Access
  • 0.23 Acre Lot

About This Lot

As of September 2021

Rare ocean block building lot opportunity in the premier community of Indian Beach. 12 Hazlett Avenue is ready for your dream home and will offer ocean and Rehoboth Bay views. This property is spacious in size at 100' x 100' and situated just steps from the private guarded beach. Conveniently located within walking distance to all of the amenities of Dewey Beach and a short bike ride to Rehoboth Avenue.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/16/2021

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/16/2021

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $704

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100.00 x 100.00
  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water
  • Cleared Lot
  • Property is zoned MR

HOA Fees

  • $217 Monthly HOA Fees

Property Views

  • Ocean
  • Bay

Schools

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

Additional Features

  • Flood Risk
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-23.10-3.00

Community Details

Overview

  • Association fees include trash
  • Indian Beach HOA
  • Indian Beach Subdivision

Recreation

  • Private Water Access
  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$704

Lot Details

0

HOA Fees

$217 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: Rare ocean block building lot opportunity in the premier community of Indian Beach. 12 Hazlett Avenue is ready for your dream home and will offer ocean and Rehoboth Bay views. This property is spacious in size at 100' x 100' and situated just steps from the private guarded beach. Conveniently located within walking distance to all of the amenities of Dewey Beach and a short bike ride to Rehoboth Avenue.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 239.50
  • Street Number Modifier: 12

Exterior Features

  • Construction Completed: No
  • View: Bay, Ocean
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 2600.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Trash
  • HOA Name: INDIAN BEACH HOA
  • HOA: Yes
  • 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: RV
  • Lot Features: Cleared
  • Lot Size Acres: 0.23
  • Lot Dimensions: 100.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10000.00
  • Year Assessed: 2020
  • Zoning: MR
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 637.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 704.00
  • Assessor Parcel Number: 334-23.10-3.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/01/2021

Multi Family

  • Federal Flood Zone: AE5

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 31, 2021
Sold by
Mha Llc
Bought by
Whelihan Sarah E
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$2,395,000
Sold Price
$2,150,000
Premium/Discount to List
-$245,000
-10.23%
Current Estimated Value
$2,418,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,845
Avg. Annual Appreciation
2.92%

Purchase Details

Closed on
Dec 21, 2018
Sold by
Salamone Joel
Bought by
Mha Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 21, 2017
Sold by
Estate Of Sarah G Hastings
Bought by
Salamone Joel
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,849,000
Sold Price
$1,675,000
Premium/Discount to List
-$174,000
-9.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
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
Whelihan Sarah E $2,150,000 None Available
Mha Llc $1,800,000 --
Salamone Joel $1,675,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mha Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $2,150,000 -10.2% $1,120 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $2,395,000 +43.0% $1,247 / Sq Ft
08/18/2017 08/18/17 Sold $1,675,000 -9.4% $872 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $1,849,000 -- $963 / 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
2025 $3,662 $32,800 $15,000 $17,800
2024 $1,058 $32,800 $15,000 $17,800
2023 $1,057 $32,800 $15,000 $17,800
2022 $1,031 $32,800 $15,000 $17,800
2021 $1,025 $32,800 $15,000 $17,800
2020 $1,022 $32,800 $15,000 $17,800
2019 $1,001 $32,800 $15,000 $17,800
2018 $1,440 $32,800 $0 $0
2017 $1,379 $32,800 $0 $0
2016 $1,381 $32,800 $0 $0
2015 $1,323 $32,800 $0 $0
2014 $1,314 $32,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2001642

Bright MLS

APN: 334-23.10-3.00