NOT LISTED FOR SALE

125 Cornwall Rd Rehoboth Beach, DE 19971

Estimated Value: $272,481 - $2,090,000

6 Beds
3.5 Baths
6,000 Sq Ft
$224/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $1,700,000 $283 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $7,403/month

3 Days on Market

Highlights

  • In Ground Pool
  • Eat-In Gourmet Kitchen
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • 0.46 Acre Lot
  • Dual Staircase

About This Home

As of September 2023

Only a relocation makes this home possible. It is time to elevate your coastal living with this large and luxurious home nestled in the highly desired Rehoboth Beach Yacht and Country Club Community. This home boast an estimated 6,000 square feet of coastal living space and features 6 spacious bedrooms and 3.5 bathrooms. (There is space to add a fourth full bathroom on the second floor). There is a first floor owner's suite which provides convenience, easy access, and privacy from the 5 upstairs bedrooms. The owners suite features a double vanity, soaking tub, and a separate tiled shower. The gourmet kitchen is a culinary masterpiece, equipped with modern appliances, ample counter space, and a large island with overhanging pendant lights. Preparing delightful meals and entertaining guest is an ease as the kitchen is surrounded by a welcoming breakfast room and a formal dining area. There are 5 additional bedrooms upstairs and two sets of bedrooms share adjoining full bathrooms. There is an upstairs loft space which can be used for a lounge area or recreational space. Step outside to discover your private resort-like oasis which features a captivating saltwater inground pool surrounded by a dining and lounging area. Experience a luxurious resort getaway in your own backyard. Host unforgettable gatherings on the outdoor imported travertine stone patio. No more burning toes, travertine stone does not retain heat and make exiting the pool or hanging out barefoot enjoyable. This home is just a few miles from the beach, boardwalk, local eateries, and shopping. Schedule your tour today to begin the process of making this home your personal retreat. This is one you will want to add to the family legacy of real estate.

Last Agent to Sell the Property

Lakeisha Cunningham

(302) 293-8654 lakeisha@thecunninghamteam.com EXP Realty, LLC License #RA-0020694 Listed on: 08/24/2023

EXP Realty, LLC

Last Buyer's Agent

Stephen Marcus

(302) 299-8711 stephen@marcus.realestate Brokers Realty Group, LLC License #RB-0020859

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,296

Year Built

  • Built in 2004

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 84.00 x 241.00
  • Vinyl Fence
  • Level Lot
  • Property is in excellent condition
  • Property is zoned MR

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Stone Siding

Interior Spaces

  • 6,000 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Central Vacuum
  • Dual Staircase
  • Built-In Features
  • Ceiling Fan
  • 1 Fireplace
  • Sliding Doors
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Double Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Propane Water Heater

Community Details

  • Association fees include common area maintenance, snow removal
  • Blackpool HOA
  • Rehoboth Beach Yacht And CC Subdivision

Listing and Financial Details

  • Tax Lot 157
  • Assessor Parcel Number 334-19.00-708.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,296

Year Built

Built in 2004

Lot Details

0

HOA Fees

$29 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: Personal property
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Oven - Double, Refrigerator, Washer
  • Interior Amenities: Additional Stairway, Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Central Vacuum, Entry Level Bedroom, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Soaking Tub, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Foundation Details: Crawl Space, Block
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 6000
  • Living Area Sq Ft: 6000
  • Price Per Sq Ft: 283.33
  • Above Grade Finished Sq Ft: 6000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 125

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stone
  • Pool Features: Saltwater, In Ground
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Attached Garage, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 350.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Snow Removal
  • HOA Name: BLACKPOOL HOA
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Horses: No
  • Fencing: Vinyl
  • Land Use Code: 999
  • Lot Features: Level
  • Lot Size Acres: 0.46
  • Lot Dimensions: 84.00 x 241.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20038.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 2988.00
  • Tax Annual Amount: 3296.00
  • Assessor Parcel Number: 334-19.00-708.00
  • Tax Lot: 157
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/29/2023

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Sep 29, 2023
Sold by
Kased Moad W
Bought by
Jackson Ivan C and Jackson Joanne M
Seller's Agent
Lakeisha Cunningham
EXP Realty, LLC
Buyer's Agent
Stephen Marcus
Brokers Realty Group, LLC
List Price
$1,700,000
Sold Price
$1,700,000
Views
49
Current Estimated Value
$1,342,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$357,880
Avg. Annual Appreciation
-11.25%
Original Mortgage
$1,360,000
Outstanding Balance
$1,337,398
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$4,722

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jul 11, 2022
Sold by
John Ghabra Samir
Bought by
Kased Moad W
Seller's Agent
Michele Petrillo
Long & Foster Real Estate, Inc.
Buyer's Agent
Lakeisha Cunningham
EXP Realty, LLC
List Price
$2,199,000
Sold Price
$1,417,400
Premium/Discount to List
-$781,600
-35.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.21%
Source: Public Records

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
Jackson Ivan C $1,700,000 None Listed On Document
Kased Moad W $1,417,400 Kollias Law Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Ivan C $1,360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $1,700,000 0.0% $283 / Sq Ft
08/27/2023 08/27/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $1,700,000 +19.9% $283 / Sq Ft
07/15/2022 07/15/22 Sold $1,417,400 -16.6% $236 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/09/2022 05/09/22 Price Changed $1,699,000 -12.9% $283 / Sq Ft
04/16/2022 04/16/22 Price Changed $1,950,000 -11.3% $325 / Sq Ft
04/01/2022 04/01/22 For Sale $2,199,000 -- $367 / 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 $3,100 $66,700 $7,250 $59,450
2024 $3,418 $66,700 $7,250 $59,450
2023 $3,415 $66,700 $7,250 $59,450
2022 $3,296 $66,700 $7,250 $59,450
2021 $3,141 $66,700 $7,250 $59,450
2020 $3,132 $66,700 $7,250 $59,450
2019 $3,136 $66,700 $7,250 $59,450
2018 $2,929 $66,700 $0 $0
2017 $2,805 $66,700 $0 $0
2016 $2,664 $66,700 $0 $0
2015 $2,546 $66,700 $0 $0
2014 $2,527 $66,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2046758

Bright MLS

APN: 334-19.00-708.00