NOT LISTED FOR SALE

122 Hickman St Rehoboth Beach, DE 19971

Estimated Value: $458,597 - $3,323,000

4 Beds
3 Baths
2,600 Sq Ft
$727/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $1,390,000 $535 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $10,481/month

Highlights

  • No HOA
  • Multiple cooling system units
  • Wood Siding
  • Rehoboth Elementary School Rated A
  • Electric Baseboard Heater
  • 3-minute walk to Stockley Street Park

About This Home

As of January 2021

Visit this home virtually: http://www.vht.com/434094307/IDXS - Great opportunity to be on the second block in downtown Rehoboth and only 4 blocks to Rehoboth Avenue. Currently this home is a 3 unit, year round rental (2 one bedroom and 1 two bedroom) with three rental license and separate electric meters. Endless possibilities! Keep as an investment, remodel the current structure, or build your dream home on an awesome South Rehoboth street.

Last Agent to Sell the Property

Bill Gaines

(302) 542-1964 wgaines@psre.com Patterson-Schwartz-OceanView Listed on: 08/10/2020

Patterson-Schwartz-OceanView

Last Buyer's Agent

Jennifer Barrows

(302) 841-9505 jenn.barrows@oasir.net Monument Sotheby's International Realty

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,460

Year Built

  • Built in 1950

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Property is in good condition
  • Property is zoned RS

Parking

  • 2 Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 2,600 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

Utilities

  • Multiple cooling system units
  • Central Air
  • Wall Furnace
  • Electric Baseboard Heater
  • 220 Volts
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.17-602.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,460

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Remarks Public: Visit this home virtually: http://www.vht.com/434094307/IDXS - Great opportunity to be on the second block in downtown Rehoboth and only 4 blocks to Rehoboth Avenue. Currently this home is a 3 unit, year round rental (2 one bedroom and 1 two bedroom) with three rental license and separate electric meters. Endless possibilities! Keep as an investment, remodel the current structure, or build your dream home on an awesome South Rehoboth street.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 567.31
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 122

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Wood Siding
  • 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: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Multi Units
  • Electric Service: 220 Volts, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Wall Unit
  • 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: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50x100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Good
  • Zoning: RS
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5197156
  • School Tax: 779.00
  • Tax Annual Amount: 1460.00
  • Assessor Parcel Number: 334-14.17-602.00
  • Tax Year: 2019
  • Close Date: 01/12/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2022
Sold by
Stone Trevor A
Bought by
Stone Living Trust
Current Estimated Value
$1,889,649

Purchase Details

Listed on
Aug 10, 2020
Closed on
Jan 11, 2021
Sold by
Martin Robert C
Bought by
Stone Trevor A and Stone Kristin T
Seller's Agent
Bill Gaines
Patterson-Schwartz-OceanView
Buyer's Agent
Jennifer Barrows
Monument Sotheby's International Realty
List Price
$1,500,000
Sold Price
$1,390,000
Premium/Discount to List
-$110,000
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$1,500,000
Interest Rate
2.71%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 17, 2003
Bought by
Martin Robert C
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
Stone Living Trust -- Tunnell & Raysor Pa
Stone Trevor A $1,390,000 None Available
Martin Robert C $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stone Trevor A $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2021 01/12/21 Sold $1,390,000 -5.8% $535 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
10/12/2020 10/12/20 Price Changed $1,475,000 -1.7% $567 / Sq Ft
08/10/2020 08/10/20 For Sale $1,500,000 -- $577 / 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 $5,555 $18,300 $9,350 $8,950
2024 $2,063 $18,300 $9,350 $8,950
2023 $2,061 $18,300 $9,350 $8,950
2022 $1,989 $18,300 $9,350 $8,950
2021 $862 $18,300 $9,350 $8,950
2020 $859 $18,300 $9,350 $8,950
2019 $860 $18,300 $9,350 $8,950
2018 $804 $18,300 $0 $0
2017 $770 $18,300 $0 $0
2016 $731 $18,300 $0 $0
2015 $699 $18,300 $0 $0
2014 $693 $18,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Gaines

    Seller's Agent in 2021

    Bill Gaines

    Patterson Schwartz

    (302) 542-1964

    11 in this area

    100 Total Sales

    Bill Gaines
    Section Image
  • Jennifer Barrows

    Buyer's Agent in 2021

    Jennifer Barrows

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-9505

    102 in this area

    238 Total Sales

    Jennifer Barrows
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU166462

Bright MLS

APN: 334-14.17-602.00

Delaware Sussex County Rehoboth Beach 19971

122 Hickman St, Rehoboth Beach, DE

This home is located at 122 Hickman St, Rehoboth Beach, DE 19971 since 10 August 2020 and is currently estimated at $1,889,649, approximately $726 per square foot. This property was built in 1950. 122 Hickman 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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