NOT LISTED FOR SALE

122 Philadelphia St Unit 5 Rehoboth Beach, DE 19971

Estimated Value: $1,069,254 - $1,692,000

4 Beds
2.5 Baths
1,600 Sq Ft
$841/Sq Ft Est. Value

Last Sold May 20, 2020

Last sale price $775,000 $484 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $7,619/month

Highlights

  • 0.66 Acre Lot
  • Wood Flooring
  • Attic
  • Rehoboth Elementary School Rated A
  • Whirlpool Bathtub
  • Loft

About This Home

As of May 2020

REHOBOTH'S BEST KEPT SECRET MAY BE PHILADELPHIA SQUARE. In the heart of the culinary district, 400 steps to the boardwalk & 200 steps to Rehoboth Avenue, arrive, drop your keys, relax, an walk to all of your favorite resort attractions and venues. Though celebrated proximity, Philadelphia Square's hallmark is its quiet serenity. - now available as an effortless, turn-key, move-in ready, instant gratification lifestyle. Walk-up staircase to Loft (4th Bedroom). Being sold completely furnished and accessorized. Bring only your toothbrush. Please note: The Loft is flanked by identical walk-in attics. However, one is hidden behind a secret door, posing as a built-in bookcase. Storage on either side of the Loft can easily be transformed to a Closet and an En Suite Bathroom.

Last Agent to Sell the Property

Skip Faust

(302) 745-8764 skip@skipfaust.com Coldwell Banker Premier - Rehoboth License #RA-0002618 Listed on: 01/09/2020

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Shaun Tull

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

Jack Lingo - Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,209

Year Built

  • Built in 1982

Lot Details

  • West Facing Home
  • Property is in very good condition

HOA Fees

  • $358 Monthly HOA Fees

Home Design

  • Villa
  • Cement Siding

Interior Spaces

  • Property has 3 Levels
  • Furnished
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Loft
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Laundry on upper level
  • Stacked Electric Washer and Dryer

Parking

  • 2 Open Parking Spaces
  • Private Parking
  • Paved Parking
  • Off-Street Parking
  • Parking Space Conveys
  • 2 Assigned Parking Spaces

Utilities

  • Heat Pump System
  • Underground Utilities
  • 120/240V
  • Water Dispenser
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-14.17-540.00-B-5

Community Details

Overview

  • Association fees include common area maintenance, insurance, road maintenance, snow removal
  • Philadelphia Square Community
  • South Rehoboth Subdivision
  • Property Manager

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,209

Year Built

Built in 1982

Lot Details

0

HOA Fees

$358 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Villa
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1982
  • Remarks Public: REHOBOTH'S BEST KEPT SECRET MAY BE PHILADELPHIA SQUARE. In the heart of the culinary district, 400 steps to the boardwalk & 200 steps to Rehoboth Avenue, arrive, drop your keys, relax, an walk to all of your favorite resort attractions and venues. Though celebrated proximity, Philadelphia Square's hallmark is its quiet serenity. - now available as an effortless, turn-key, move-in ready, instant gratification lifestyle. Walk-up staircase to Loft (4th Bedroom). Being sold completely furnished and accessorized. Bring only your toothbrush. Please note: The Loft is flanked by identical walk-in attics. However, one is hidden behind a secret door, posing as a built-in bookcase. Storage on either side of the Loft can easily be transformed to a Closet and an En Suite Bathroom.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Icemaker, Oven - Self Cleaning, Oven/Range - Electric, Water Heater, Water Dispenser, Washer/Dryer Stacked, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile, Vinyl, Wood
  • Interior Amenities: Attic, Bar, Breakfast Area, Built-Ins, Ceiling Fan(s), Exposed Beams, Kitchen - Table Space, Primary Bath(s), Skylight(s), Soaking Tub, Walk-In Closet(s), Whirlpool/Hottub, Window Treatments, Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Bedroom 1, Laundry, Loft, Attic, Primary Bathroom, Full Bath
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2010
  • Living Area Sq Ft: 1600
  • Above Grade Unfinished Sq Ft: 410
  • Below Grade Finished Sq Ft: 1600
  • Total Below Grade Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 122

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cement Siding
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Parking Space Conveys, Paved Parking, Private, Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Under Ground, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4300.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Road Maintenance, Snow Removal
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RC
  • Lot Size Acres: 0.66
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 28750.00
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 40000.00
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5197077
  • Tax Annual Amount: 2208.83
  • Assessor Parcel Number: 334-14.17-540.00-B-5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 05/20/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
May 17, 2020
Sold by
Craig Alan R and Craig Mary B
Bought by
Levy Robert D and Gutterman Jo E
Seller's Agent
Skip Faust
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Shaun Tull
Jack Lingo - Rehoboth
List Price
$879,990
Sold Price
$775,000
Premium/Discount to List
-$104,990
-11.93%
Current Estimated Value
$1,345,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,064
Avg. Annual Appreciation
10.83%
Original Mortgage
$510,000
Outstanding Balance
$451,931
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$893,133

Purchase Details

Closed on
Jun 30, 1995
Bought by
Craig Alan R Mary B Craig
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
Levy Robert D $775,000 None Available
Craig Alan R Mary B Craig $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levy Robert D $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2020 05/20/20 Sold $775,000 -11.9% $484 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $879,990 0.0% $550 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $879,990 -- $550 / 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 $1,559 $32,450 $0 $32,450
2024 $1,715 $32,450 $0 $32,450
2023 $1,714 $32,450 $0 $32,450
2022 $1,654 $32,450 $0 $32,450
2021 $1,639 $32,450 $0 $32,450
2020 $1,634 $32,450 $0 $32,450
2019 $1,636 $32,450 $0 $32,450
2018 $1,528 $34,800 $0 $0
2017 $1,463 $34,800 $0 $0
2016 $1,390 $34,800 $0 $0
2015 $1,328 $34,800 $0 $0
2014 $1,296 $34,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU152838

Bright MLS

APN: 334-14.17-540.00-B-5