NOT LISTED FOR SALE

12 Wilmington Ave Unit 3 Rehoboth Beach, DE 19971

Estimated Value: $248,000 - $424,000

-- Bed
1 Bath
330 Sq Ft
$83/mo HOA Fee

Last Sold January 22, 2021

Last sale price $263,000 $797 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,933/month

146 Days on Market

Highlights

  • Building is oceanfront but unit may not have water views
  • Open Floorplan
  • Furnished
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • Porch

About This Home

As of January 2021

Make this your TINY HOUSE at the BEACH! Charming Rehoboth Beach ocean-block efficiency! Here is a rare opportunity to get into the Rehoboth Beach market for under $300,000!!! This renovated efficiency features an updated kitchen, bath, hardwood flooring, an off-street parking space, and more! Being located less than a half block from the beach & boardwalk on Wilmington Avenue provides the convenience of walking only a few steps to all Rehoboth has to offer! Inventory is tight and the market is hot so you'll need to hurry for this one!

Last Agent to Sell the Property

Michael Bacher

Jack Lingo - Rehoboth Listed on: 07/31/2020

Jack Lingo - Rehoboth

Co-Listed By

Michael Rodriguez

Jack Lingo - Rehoboth License #RS-0017904

Last Buyer's Agent

Michael Bacher

Jack Lingo - Rehoboth Listed on: 07/31/2020

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $324

Lot Details

  • Building is oceanfront but unit may not have water views
  • 1 Common Wall
  • North Facing Home
  • Property is in excellent condition

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Studio
  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 330 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Parking

  • 1 Off-Street Space
  • Stone Driveway
  • Parking Lot

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-14.18-42.00-3

Community Details

Overview

  • Association fees include common area maintenance, insurance, water
  • Low-Rise Condominium
  • Sea House Community
  • South Rehoboth Subdivision

Amenities

  • Common Area
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$324

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Exclusions: Surfboard on wall, beach chairs & toys
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Make this your TINY HOUSE at the BEACH! Charming Rehoboth Beach ocean-block efficiency! Here is a rare opportunity to get into the Rehoboth Beach market for under $300,000!!! This renovated efficiency features an updated kitchen, bath, hardwood flooring, an off-street parking space, and more! Being located less than a half block from the beach & boardwalk on Wilmington Avenue provides the convenience of walking only a few steps to all Rehoboth has to offer! Inventory is tight and the market is hot so you'll need to hurry for this one!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Oven/Range - Electric, Water Heater, Refrigerator
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Interior Amenities: Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Eat-In, Studio, Window Treatments, Wood Floors
  • Common Walls: 1 Common Wall
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 330
  • Living Area Sq Ft: 330
  • Price Per Sq Ft: 863.64
  • Above Grade Finished Sq Ft: 330
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Concrete
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Off Street
  • Off Street Parking Spaces: 1
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Common Grounds, Extra Storage
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Water
  • 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: RC
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • School Tax: 183.00
  • Tax Annual Amount: 324.00
  • Assessor Parcel Number: 334-14.18-42.00-3
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 01/22/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Jan 22, 2021
Sold by
Dettleff John and Dettleff Kristen D
Bought by
Burger John and Burger Chelsea M
Seller's Agent
Michael Bacher
Jack Lingo - Rehoboth
Buyer's Agent
Michael Bacher
Jack Lingo - Rehoboth
List Price
$299,900
Sold Price
$263,000
Premium/Discount to List
-$36,900
-12.3%
Current Estimated Value
$336,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,000
Avg. Annual Appreciation
15.57%
Original Mortgage
$210,400
Interest Rate
2.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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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
Burger John $263,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burger John $200,000
Closed Burger John $210,400
Previous Owner Dettleff John A $211,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $263,000 -7.7% $797 / Sq Ft
09/19/2020 09/19/20 Price Changed $285,000 -5.0% $864 / Sq Ft
07/31/2020 07/31/20 For Sale $299,900 -- $909 / 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 $264 $4,300 $0 $4,300
2023 $263 $4,300 $0 $4,300
2022 $254 $4,300 $0 $4,300
2021 $252 $4,300 $0 $4,300
2020 $251 $4,300 $0 $4,300
2019 $252 $4,300 $0 $4,300
2018 $235 $5,350 $0 $0
2017 $225 $5,350 $0 $0
2016 $214 $5,350 $0 $0
2015 $204 $5,350 $0 $0
2014 $203 $5,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU165572

Bright MLS

APN: 334-14.18-42.00-3