NOT LISTED FOR SALE

120 New Castle St Rehoboth Beach, DE 19971

Estimated Value: $1,576,400 - $2,759,000

6 Beds
4.5 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold June 30, 2020

Last sale price $1,365,000

Est. 66% increase in value since last sale

Current estimated payment $12,831/month

6 Days on Market

Highlights

  • Second Kitchen
  • Curved or Spiral Staircase
  • Furnished
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Stockley Street Park

About This Home

As of June 2020

Act soon to capture the Summer 2020 rental income. 1.5 blocks to the beach and a short walk to town. Excellent rental income. Home has 6 bedrooms and 4.5 bathrooms. This classic Rehoboth cottage home can be used as a second home, can continue to operate as a rental, or you can build your future dream home.

Last Agent to Sell the Property

JAMES B. MOORE

Jack Lingo - Rehoboth License #RS-0018071 Listed on: 06/12/2020

Jack Lingo - Rehoboth

Last Buyer's Agent

JAMES B. MOORE

Jack Lingo - Rehoboth License #RS-0018071 Listed on: 06/12/2020

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,749

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Property is zoned TN

Home Design

  • Cottage
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Shake Siding
  • Stick Built Home
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Furnished
  • Curved or Spiral Staircase
  • Dual Staircase

Kitchen

  • Second Kitchen
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Powered By Leased Propane
  • Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.05-205.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,749

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Remarks Public: Act soon to capture the Summer 2020 rental income. 1.5 blocks to the beach and a short walk to town. Excellent rental income. Home has 6 bedrooms and 4.5 bathrooms. This classic Rehoboth cottage home can be used as a second home, can continue to operate as a rental, or you can build your future dream home.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Extra Refrigerator/Freezer, Disposal, Dishwasher, Microwave, Washer, Dryer, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: 2nd Kitchen, Spiral Staircase, Additional Stairway
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 120

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar, Frame, Shake Siding, Stick Built
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • 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
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 57000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • School Tax: 1005.00
  • Tax Annual Amount: 1748.52
  • Assessor Parcel Number: 334-20.05-205.01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/30/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jun 30, 2020
Sold by
Donald F Webster Sr Ret
Bought by
Cestari Kenneth C and Cestari Kimberly A
Seller's Agent
JAMES B. MOORE
Jack Lingo - Rehoboth
Buyer's Agent
JAMES B. MOORE
Jack Lingo - Rehoboth
List Price
$1,350,000
Sold Price
$1,365,000
Premium/Discount to List
$15,000
1.11%
Total Days on Market
6
Current Estimated Value
$2,268,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$903,467
Avg. Annual Appreciation
12.09%
Original Mortgage
$1,365,000
Outstanding Balance
$1,216,583
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,179,211

Purchase Details

Listed on
Nov 3, 2014
Closed on
May 4, 2015
Sold by
Kenneth C Kenneth C and Cestari Kimberly A
Bought by
Webster Donald F
Seller's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
Buyer's Agent
MELISS THOROUGHGOOD
RE/MAX Realty Group Rehoboth
List Price
$1,291,992
Sold Price
$1,291,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.07%
Source: Public Records

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Range of Values:

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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
Cestari Kenneth C $1,365,000 None Available
Webster Donald F $1,291,991 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cestari Kenneth C $1,365,000
Previous Owner Cestari Kimberly A $721,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $1,365,000 +1.1% --
06/18/2020 06/18/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $1,350,000 +4.5% --
05/04/2015 05/04/15 Sold $1,291,992 0.0% --
02/09/2015 02/09/15 Pending -- -- --
11/03/2014 11/03/14 For Sale $1,291,992 -- --
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 $1,163 $23,600 $9,400 $14,200
2023 $1,162 $23,600 $9,400 $14,200
2022 $1,122 $23,600 $9,400 $14,200
2021 $1,048 $23,600 $9,400 $14,200
2020 $1,108 $23,600 $9,400 $14,200
2019 $1,110 $23,600 $9,400 $14,200
2018 $1,036 $23,600 $0 $0
2017 $992 $23,600 $0 $0
2016 $943 $23,600 $0 $0
2015 $901 $23,600 $0 $0
2014 $894 $23,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    JAMES B. MOORE

    Jack Lingo - Rehoboth

    (302) 236-5622

    2 in this area

    2 Total Sales

    JAMES B. MOORE
    Section Image
  • Mike Kogler Team

    Seller's Agent in 2015

    Mike Kogler Team

    Long & Foster

    (302) 227-2541

    40 in this area

    102 Total Sales

    Mike Kogler Team
    Section Image

  • V

    Seller Co-Listing Agent in 2015

    VIRGINIA EGAN

    Long & Foster

    Section Image

  • M

    Buyer's Agent in 2015

    MELISS THOROUGHGOOD

    RE/MAX

    (302) 227-4800

    3 in this area

    4 Total Sales

    MELISS THOROUGHGOOD
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU162212

Bright MLS

APN: 334-20.05-205.01

Delaware Sussex County Rehoboth Beach 19971

120 New Castle St, Rehoboth Beach, DE

This home is located at 120 New Castle St, Rehoboth Beach, DE 19971 since 12 June 2020 and is currently estimated at $2,268,467. 120 New Castle 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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