NOT LISTED FOR SALE

121 Jersey St Dewey Beach, DE 19971

Estimated Value: $920,000 - $1,217,000

3 Beds
1.5 Baths
2,100 Sq Ft
$509/Sq Ft Est. Value

Sale Details

Date Sold: June 25, 2021

Last sale price $895,000 $426 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,621 / mo

6 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Deck
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Wood Burning Stove

About This Home

As of June 2021

Awesome home, less than 2 blocks to the ocean. Located on a quite, tree lined street in Rehoboth By The Sea. A classic beach cottage with many recent upgrades including, new kitchen, new HVAC, new roof, new plumbing, new deck and much more. Private back yard with deck, outdoor shower and large shed. Both front and back porch are enclosed and have removable glass window panels for more conditioned living space. Sold furnished. Great investment with most weeks rented in 2021.

Last Agent to Sell the Property

Bill Gaines

(302) 537-1300 jgiles@psre.com Patterson-Schwartz-OceanView Listed on: 04/28/2021

Patterson-Schwartz-OceanView

Co-Listed By

Michael Hall

(302) 537-1300 jgiles@psre.com Patterson-Schwartz-OceanView License #05-651274

Last Buyer's Agent

George Manolakos

(302) 475-0800 jfuentes@psre.com Patterson-Schwartz-Brandywine

Patterson-Schwartz-Brandywine

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $658

Year Built

  • Built in 1962

Lot Details

  • 4,356 Sq Ft Lot
  • Home fronts navigable water
  • Ground Rent of $17,212 per year expires in 56 years

Parking

  • 4 Parking Spaces

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Wood Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,100 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Wood Burning Stove

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Deck
  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • Multiple cooling system units
  • Heating System Powered By Leased Propane
  • 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
  • Assessor Parcel Number 334-20.10-103.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$658

Year Built

Built in 1962

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Ground Rent
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1962
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2100
  • Living Area Sq Ft: 2100
  • Price Per Sq Ft: 440.48
  • Above Grade Finished Sq Ft: 2100
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding, Wood Siding
  • Exterior Features: Outbuilding(s), Outside Shower
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Ductless/Mini-Split, Multi Units
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Wood Burn Stove
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 17212.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Annually
  • Ground Rent Years Remaining: 56
  • Vacation Rental: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5203338
  • Tax Annual Amount: 658.00
  • Assessor Parcel Number: 334-20.10-103.00
  • Tax Year: 2020

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 1997
Bought by
Sherman John D and Sherman Elizabeth K
Current Estimated Value
$1,021,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Sherman John D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2021 06/25/21 Sold $895,000 -3.2% $426 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $925,000 +270.0% $440 / Sq Ft
11/17/2015 11/17/15 Sold $250,000 -7.4% $185 / Sq Ft View Prior Sale
10/14/2015 10/14/15 Pending -- -- --
10/12/2015 10/12/15 For Sale $269,900 -- $200 / Sq Ft
Source: Bright MLS

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 $1,019 $10,350 $0 $10,350
2024 $638 $10,350 $0 $10,350
2023 $638 $10,350 $0 $10,350
2022 $616 $10,350 $0 $10,350
2021 $610 $10,350 $0 $10,350
2020 $608 $10,350 $0 $10,350
2019 $609 $10,350 $0 $10,350
2018 $455 $10,350 $0 $0
2017 $435 $10,350 $0 $0
2016 $413 $10,350 $0 $0
2015 $395 $10,350 $0 $0
2014 $392 $10,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Gaines

    Seller's Agent in 2021

    Bill Gaines

    Patterson Schwartz

    (302) 542-1964

    1 in this area

    99 Total Sales

    Bill Gaines
    Section Image
  • Michael Hall

    Seller Co-Listing Agent in 2021

    Michael Hall

    Patterson Schwartz

    (443) 373-4046

    1 in this area

    91 Total Sales

    Michael Hall
    Section Image
  • George Manolakos

    Buyer's Agent in 2021

    George Manolakos

    Patterson Schwartz

    (302) 529-2690

    1 in this area

    182 Total Sales

    George Manolakos
    Section Image
  • Philip Manolakos

    Buyer Co-Listing Agent in 2021

    Philip Manolakos

    Patterson Schwartz

    (302) 824-5300

    1 in this area

    9 Total Sales

    Philip Manolakos
    Section Image

  • T

    Seller's Agent in 2015

    TJ Redefer

    Rehoboth Bay Realty, Co.

    Section Image
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Map

Source: Bright MLS

MLS Number: DESU181988

Bright MLS

APN: 334-20.10-103.00-A

Delaware Sussex County Dewey Beach 19971

121 Jersey St, Dewey Beach, DE

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