NOT LISTED FOR SALE

135 Chesapeake St Dewey Beach, DE 19971

Estimated Value: $1,104,271 - $1,998,000

6 Beds
3 Baths
2,552 Sq Ft
$566/Sq Ft Est. Value

Last Sold January 03, 2020

Last sale price $735,000 $288 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,825/month

Highlights

  • 157 Feet of Waterfront
  • Lake View
  • Traditional Architecture
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • Wood Flooring

About This Home

As of January 2020

No comparable 6 bedroom, 3 bath dwelling exists like this anywhere! A great place to live, play or rent for superb income of $4,600+ per week. A comfortably flowing home with screen porch, waterfront decks, outside shower, good off-street parking and WALK to all the fun of Dewey Beach. Sand, Sun, Surf -- all the great restaurants and entertainment with a quick trolley ride or stroll into Rehoboth along Silver Lake. Tankless Renai Gas hot water, new AC in 2016. Two bedrooms and bath on main living level and four bedrooms, 2 baths on the upper level. Totally livable! You will be buying great Rental Income potential (proven track record)! Bargain Priced BELOW 2018 Appraisal! Purchase this NOW & get lined up for 2020 Rentals --many previous years' tenants are interested in returning.

Last Agent to Sell the Property

PAT CAMPBELL-WHITE

(302) 542-1488 pat@beachteam.com Monument Sotheby's International Realty License #RA0001517 Listed on: 12/04/2018

Monument Sotheby's International Realty

Co-Listed By

Bobbi Brooks

(302) 227-6767 bobbi@beachteam.com Monument Sotheby's International Realty

Last Buyer's Agent

PAT CAMPBELL-WHITE

(302) 542-1488 pat@beachteam.com Monument Sotheby's International Realty License #RA0001517 Listed on: 12/04/2018

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,933

Year Built

  • Built in 1974 | Remodeled in 2005

Lot Details

  • 6,980 Sq Ft Lot
  • 157 Feet of Waterfront
  • Home fronts navigable water
  • South Facing Home
  • Irregular Lot
  • Land Lease of $4,186 per year expires in 29 years
  • Ground Rent expires in 29 years
  • Property is in very good condition

Home Design

  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Stick Built Home
  • CPVC or PVC Pipes

Interior Spaces

  • 2,552 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Insulated Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Screened Porch
  • Lake Views
  • Crawl Space
  • Attic

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking
  • Surface Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near a lake

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • 200+ Amp Service
  • Tankless Water Heater
  • Propane Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 1
  • Assessor Parcel Number 334-20.09-175.02

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,933

Year Built

Built in 1974 | Remodeled in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Exclusions: Some personal gift items and items of sentimental value from guests and family
  • Historic: No
  • Home Warranty: No
  • Inclusions: All appliances and basic fur
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Year Renovated: 2005
  • Remarks Public: No comparable 6 bedroom, 3 bath dwelling exists like this anywhere! A great place to live, play or rent for superb income of $4,600+ per week. A comfortably flowing home with screen porch, waterfront decks, outside shower, good off-street parking and WALK to all the fun of Dewey Beach. Sand, Sun, Surf -- all the great restaurants and entertainment with a quick trolley ride or stroll into Rehoboth along Silver Lake. Tankless Renai Gas hot water, new AC in 2016. Two bedrooms and bath on main living level and four bedrooms, 2 baths on the upper level. Totally livable! You will be buying great Rental Income potential (proven track record)! Bargain Priced BELOW 2018 Appraisal! Purchase this NOW & get lined up for 2020 Rentals --many previous years' tenants are interested in returning.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Washer, Water Heater - Tankless, Refrigerator
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Attic, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Insulated
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 1, Bathroom 2, Screened Porch
  • Basement: No
  • Laundry Type: Main Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2552
  • Living Area Sq Ft: 2552
  • Price Per Sq Ft: 311.52
  • Above Grade Finished Sq Ft: 2552
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 135

Beds/Baths

  • Bedrooms: 6
  • 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: Frame, Cpvc/Pvc, Stick Built
  • Exterior Features: Outside Shower
  • Road Surface Type: Black Top, Paved
  • Roof: Shingle
  • Spa: No
  • View: Lake
  • Water Access: Yes
  • Water Body Name: Lake Comegys
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 157

Garage/Parking

  • Garage: No
  • Parking Features: Surface
  • Type Of Parking: Driveway, Off Street

Utilities

  • Refuse: 303.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 188
  • Previous Twelve Months Electric Expense: 2258.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Gas Prev12 Months: 448.00
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Tankless, Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone Available, Propane
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Lease Amount: 4186.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 29
  • Lot Features: Irregular
  • Lot Size Acres: 0.16
  • Lot Dimensions: 6,908 sq.ft. irregular -- SEE Survey 200466' frontage on Chesapeake157' +/- bulkhead on Lake Comegys
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6980.00
  • Property Condition: Very Good
  • Zoning: Q
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 29
  • Lease Considered: No
  • Total Actual Rent: 40000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5203094
  • Tax Annual Amount: 58.00
  • Assessor Parcel Number: 334-20.09-175.02
  • Tax Lot: 1
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 01/03/2020

Multi Family

  • Federal Flood Zone: AE 2015 Map
  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2020 01/03/20 Sold $735,000 -7.5% $288 / Sq Ft
11/25/2019 11/25/19 Pending -- -- --
11/11/2019 11/11/19 Price Changed $795,000 -3.6% $312 / Sq Ft
09/29/2019 09/29/19 Price Changed $825,000 -2.8% $323 / Sq Ft
07/22/2019 07/22/19 Price Changed $849,000 -2.9% $333 / Sq Ft
06/14/2019 06/14/19 Price Changed $874,000 0.0% $342 / Sq Ft
06/14/2019 06/14/19 For Sale $874,000 -2.8% $342 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
04/30/2019 04/30/19 Price Changed $899,000 -5.3% $352 / Sq Ft
12/04/2018 12/04/18 For Sale $949,000 -- $372 / 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 $1,933 $14,500 $14,500 $0
2024 $1,033 $14,500 $14,500 $0
2023 $1,033 $14,500 $14,500 $0
2022 $1,008 $14,500 $14,500 $0
2021 $3 $14,500 $14,500 $0
2020 $998 $14,500 $14,500 $0
2019 $978 $14,500 $14,500 $0
2018 $637 $14,500 $0 $0
2017 $610 $14,500 $0 $0
2016 $626 $14,500 $0 $0
2015 $600 $14,500 $0 $0
2014 $596 $14,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU116728

Bright MLS

APN: 334-20.09-175.02