$1,200,000
SOLD MAR 28, 2014

12 Prospect St Rehoboth Beach, DE 19971

0.11 Acre
$10,909,091 Price per Acre
5,000 Sq Ft Lot

Recently Sold

620 Days on Market

Highlights

  • Ocean View
  • Rehoboth Elementary School Rated A
  • No HOA

About This Lot

As of September 2020

Rare Ocean Block Opportunity In South Rehoboth! This Building Lot Is Located Only Three Off The Ocean & Boardwalk, Offering Gorgeous Potential Ocean And Silver Lake Views. Greater Width Than A Standard Lot Allows Possibility Of Wider House Footprint And More Ocean Views.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 05/24/2012

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

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

Last Buyer's Agent

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,389

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 62.9x79.5
  • Irregular Lot

Additional Features

  • Ocean Views
  • Flood Risk
  • Public Hookup Available For Water

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.06-108.01

Property Details

Property Type

Land

Est. Annual Taxes

$5,389

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: Rare Ocean Block Opportunity In South Rehoboth! This Building Lot Is Located Only Three Off The Ocean & Boardwalk, Offering Gorgeous Potential Ocean And Silver Lake Views. Greater Width Than A Standard Lot Allows Possibility Of Wider House Footprint And More Ocean Views.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 270.00
  • Street Number Modifier: 12

Exterior Features

  • Construction Completed: No
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Sewer System
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Irregular
  • Lot Size Acres: 0.11
  • Lot Dimensions: 62.9x79.5
  • Lot Size Units: Acres
  • Lot Sq Ft: 5000.00

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 334-20.06-108.01
  • County Tax Payment Frequency: Annually
  • Close Date: 03/28/2014

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Sep 2, 2020
Sold by
Kevin P Tighe Ret
Bought by
Simmons Calvert and Dyson-Simmons Sally
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Kim Hitchens
Dave McCarthy & Associates, Inc.
List Price
$3,395,000
Sold Price
$3,395,000
Current Estimated Value
$3,237,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$157,283
Avg. Annual Appreciation
-0.93%

Purchase Details

Closed on
May 29, 2019
Sold by
Tighe Kevin P and Tighe Janis C
Bought by
Kevin P Tighe Ret

Purchase Details

Listed on
May 23, 2014
Closed on
Feb 23, 2015
Bought by
Tighe Kevin P and Tighe Janis C
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$2,699,000
Sold Price
$2,699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.73%

Purchase Details

Listed on
May 24, 2012
Closed on
Mar 25, 2014
Sold by
John S John S
Bought by
12 Prospect Street Llc
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
143.69%

Purchase Details

Closed on
Dec 28, 2012
Sold by
Wellons Aubree K
Bought by
Wellons John S

Purchase Details

Closed on
Dec 17, 2012
Sold by
Wellons Aubree K
Bought by
Wellons John S
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $3,395,000 None Available
Deed -- --
Interfamily Deed Transfer $2,699,000 --
Deed $1,200,000 --
Deed -- --
Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $3,395,000 0.0% $1,132 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $3,395,000 +25.8% $1,132 / Sq Ft
02/23/2015 02/23/15 Sold $2,699,000 0.0% $900 / Sq Ft
09/06/2014 09/06/14 Pending -- -- --
05/23/2014 05/23/14 For Sale $2,699,000 +124.9% $900 / Sq Ft
03/28/2014 03/28/14 Sold $1,200,000 0.0% --
02/03/2014 02/03/14 Pending -- -- --
05/24/2012 05/24/12 For Sale $1,200,000 -- --
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 $5,389 $56,100 $12,550 $43,550
2024 $2,765 $56,100 $12,550 $43,550
2023 $2,763 $56,100 $12,550 $43,550
2022 $2,666 $56,100 $12,550 $43,550
2021 $2,642 $56,100 $12,550 $43,550
2020 $2,634 $56,100 $12,550 $43,550
2019 $2,637 $56,100 $12,550 $43,550
2018 $2,464 $56,100 $0 $0
2017 $2,359 $56,100 $0 $0
2016 $2,241 $56,100 $0 $0
2015 $2,141 $56,100 $0 $0
2014 $476 $12,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000998980

Bright MLS

APN: 334-20.06-108.01