NOT LISTED FOR SALE

127 Chesapeake St Dewey Beach, DE 19971

Estimated Value: $1,813,000 - $2,850,000

5 Beds
4.5 Baths
2,965 Sq Ft
$797/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $1,695,000 $572 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,803/month

Highlights

  • Waterfront
  • Open Floorplan
  • No HOA
  • Rehoboth Elementary School Rated A
  • 1 Fireplace
  • Family Room Off Kitchen

About This Home

As of September 2020

Malibu surf-style meets the perfect location in Rehoboth Beach! Only 1.5 blocks to the ocean, this modern home is a private oasis on the shores of Lake Comegys with beautiful water views. Kayak or paddle board on the lake right from your backyard! Completely renovated and ready for you to move in with:* Custom shiplap walls and ceilings,* New roof* Solar panels* New siding* Newly landscaped* Newly installed driveway* Rebuilt outdoor shower* All new lighting throughout* Completely renovated bathrooms with beautiful painted tile* Fully renovated kitchensIncredible views of Lake Comegys and Silver Lake from this charming 5 bedroom, 4.5 bathroom home. Many features not usually found in-town Rehoboth Beach or Dewey Beach include a garage, wood-burning fireplace, multiple living spaces, screened porch sunroom, and two master suites.

Last Agent to Sell the Property

Justin Healy

(302) 542-6610 justin.healy@oasir.net Monument Sotheby's International Realty License #RB-0003444 Listed on: 07/26/2020

Monument Sotheby's International Realty

Co-Listed By

Kathleen Schell

(302) 841-0549 kathleen.Schell@oasir.net Monument Sotheby's International Realty

Last Buyer's Agent

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,251

Year Renovated

  • 2018

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50.00 x 93.00
  • Waterfront

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Home Design

  • Bungalow
  • Architectural Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 2,965 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • 1 Fireplace
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Self-Cleaning Oven
  • Built-In Range
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • En-Suite Bathroom
  • Dual Flush Toilets

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near a lake
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Risk

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 60+ Gallon Tank

Community Details

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.09-176.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,251

Year Renovated

2018

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: Furnishings negotiable.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Renovated: 2018
  • Building Winterized: Yes
  • Remarks Public: Malibu surf-style meets the perfect location in Rehoboth Beach! Only 1.5 blocks to the ocean, this modern home is a private oasis on the shores of Lake Comegys with beautiful water views. Kayak or paddle board on the lake right from your backyard! Completely renovated and ready for you to move in with:* Custom shiplap walls and ceilings,* New roof* Solar panels* New siding* Newly landscaped* Newly installed driveway* Rebuilt outdoor shower* All new lighting throughout* Completely renovated bathrooms with beautiful painted tile* Fully renovated kitchensIncredible views of Lake Comegys and Silver Lake from this charming 5 bedroom, 4.5 bathroom home. Many features not usually found in-town Rehoboth Beach or Dewey Beach include a garage, wood-burning fireplace, multiple living spaces, screened porch sunroom, and two master suites.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Dual Flush Toilets, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Oven - Self Cleaning, Washer
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Open, Primary Bath(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2965
  • Living Area Sq Ft: 2965
  • Price Per Sq Ft: 571.67
  • Above Grade Finished Sq Ft: 2965
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 127

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type
  • Exterior Features: Bbq Grill, Exterior Lighting, Outside Shower
  • Roof: Architectural Shingle
  • Water Access: Yes
  • Water Body Name: Lake Comegy's
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.10
  • Lot Dimensions: 50.00 x 93.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5203097
  • School Tax: 2047.00
  • Tax Annual Amount: 3251.00
  • Assessor Parcel Number: 334-20.09-176.01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/25/2020

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2020
Closed on
Sep 25, 2020
Sold by
Ruggerio Rhett D
Bought by
Slack Nicholas C and Rosenfeld Sionne C
Seller's Agent
Justin Healy
Monument Sotheby's International Realty
Buyer's Agent
Brian Barrows
Monument Sotheby's International Realty
List Price
$1,695,000
Sold Price
$1,695,000
Current Estimated Value
$2,363,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,956
Avg. Annual Appreciation
6.87%
Original Mortgage
$510,000
Outstanding Balance
$453,618
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,910,338

Purchase Details

Closed on
Mar 24, 2020
Sold by
Ruggerio Rhett D and Ruggerio Cynthia
Bought by
Ruggerio Rhett D

Purchase Details

Listed on
Aug 27, 2015
Closed on
Oct 5, 2017
Sold by
Estate Of James M Sites
Bought by
Friend Of A Farmer Llc
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Elizabeth Barnhart
Monument Sotheby's International Realty
List Price
$1,399,000
Sold Price
$975,000
Premium/Discount to List
-$424,000
-30.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%
Original Mortgage
$780,000
Interest Rate
3.78%
Mortgage Type
New Conventional
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
Slack Nicholas C $1,695,000 None Available
Ruggerio Rhett D -- None Available
Ruggerio Rehtt D -- None Available
Friend Of A Farmer Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slack Nicholas C $510,000
Previous Owner Friend Of A Farmer Llc $780,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $1,695,000 0.0% $572 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/26/2020 07/26/20 For Sale $1,695,000 +73.8% $572 / Sq Ft
10/05/2017 10/05/17 Sold $975,000 -30.3% $329 / Sq Ft
07/08/2017 07/08/17 Pending -- -- --
08/27/2015 08/27/15 For Sale $1,399,000 -- $472 / 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 $3,244 $48,100 $6,200 $41,900
2024 $2,689 $48,100 $6,200 $41,900
2023 $2,687 $48,100 $6,200 $41,900
2022 $2,605 $48,100 $6,200 $41,900
2021 $2,584 $48,100 $6,200 $41,900
2020 $2,576 $48,100 $6,200 $41,900
2019 $2,558 $48,100 $6,200 $41,900
2018 $2,112 $48,100 $0 $0
2017 $2,023 $48,100 $0 $0
2016 $1,950 $48,100 $0 $0
2015 $1,364 $48,100 $0 $0
2014 $1,351 $48,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU165358

Bright MLS

APN: 334-20.09-176.01