NOT LISTED FOR SALE

Estimated Value: $591,727 - $4,599,000

5 Beds
6 Baths
4,316 Sq Ft
$710/Sq Ft Est. Value

Last Sold August 11, 2017

Last sale price $1,800,000 $417 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $16,982/month

Highlights

  • Marina
  • Boat Dock
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Water Access
  • Deck

About This Home

As of August 2017

100K Rental Guarantee!! Experience North Shores living in this well-appointed coastal home in an extraordinary setting just a short stroll to the sea. Hospitality will come easy with five bedrooms en-suite, elegant kitchen and dining room, two warm and inviting living areas, multiple decks plus a fabulous rooftop deck to take in the ocean and marina views. Community features private beach, pool, tennis and marina. This custom home, with elevator, is available to be seen immediately and has excellent rental potential!

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 02/19/2016

RE/MAX Realty Group Rehoboth

Co-Listed By

Ashlee Reed

(443) 254-2360 ashlee@debbiereed.com RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,844

Year Built

  • Built in 2005

Lot Details

  • 0.3 Acre Lot
  • Landscaped
  • Zoning described as MEDIUM RESIDENTIAL

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 4,316 Sq Ft Home
  • Property has 2 Levels
  • Elevator
  • Inverted Floor Plan
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Basement
  • Sump Pump

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Double Oven
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Whirlpool Bathtub

Laundry

  • Electric Dryer
  • Washer

Parking

  • Covered Parking
  • Brick Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Deck
  • Outbuilding

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Heating System Uses Propane
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-08.17-120.00

Community Details

Overview

  • North Shores Subdivision

Recreation

  • Boat Dock
  • Marina
  • Tennis Courts
  • Community Basketball Court
  • Community Pool

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,844

Year Built

Built in 2005

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Inverted Floorplan
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Remarks Public: 100K Rental Guarantee!! Experience North Shores living in this well-appointed coastal home in an extraordinary setting just a short stroll to the sea. Hospitality will come easy with five bedrooms en-suite, elegant kitchen and dining room, two warm and inviting living areas, multiple decks plus a fabulous rooftop deck to take in the ocean and marina views. Community features private beach, pool, tennis and marina. This custom home, with elevator, is available to be seen immediately and has excellent rental potential!
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Oven - Double, Range Hood, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Kitchen - Eat-In, Kitchen - Island, Pantry, Ceiling Fan(s), Elevator, Whirlpool/Hottub, Wet/Dry Bar, Window Treatments
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Level Count: 2
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Sump Pump
  • Living Area Units: Square Feet
  • Total Sq Ft: 4316
  • Living Area Sq Ft: 4316
  • Net Sq Ft: 4316.00
  • Price Per Sq Ft: 462.23
  • Above Grade Finished Sq Ft: 4316
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 14

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower, Outbuilding(s)
  • Roof: Architectural Shingle
  • Water Access: Yes
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 2100.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Boat Dock/Slip, Marina/Marina Club, Pool - Outdoor, Swimming Pool, Security, Tennis Courts
  • HOA: Yes
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 0.30
  • Lot Size Units: Acres
  • Lot Sq Ft: 13068.00
  • Outdoor Living Structures: Deck(s)
  • Zoning Description: MEDIUM RESIDENTIAL

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 100000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5211226
  • Assessor Parcel Number: 334-08.17-120.00
  • County Tax Payment Frequency: Annually
  • Close Date: 08/11/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Aug 11, 2017
Sold by
All Purpose Llc Sassa 14 Series
Bought by
Kaufman Laura R and Kaufman Michael A
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$2,170,000
Sold Price
$1,800,000
Premium/Discount to List
-$370,000
-17.05%
Current Estimated Value
$3,062,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,262,576
Avg. Annual Appreciation
6.74%
Original Mortgage
$1,440,000
Outstanding Balance
$1,203,831
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$1,858,745

Purchase Details

Closed on
Mar 3, 2017
Sold by
Grover Joan E and Grover Joanie
Bought by
All Purpose Llc Sassa 14 Series

Purchase Details

Closed on
Sep 10, 2012
Sold by
Grover Brian
Bought by
Grover Joanie

Purchase Details

Closed on
Aug 21, 2012
Sold by
Grover Brian
Bought by
Grover Joanie
Source: Public Records

Range of Values:

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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
Kaufman Laura R $1,800,000 None Available
All Purpose Llc Sassa 14 Series -- None Available
Grover Joanie -- --
Grover Joanie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaufman Laura R $1,440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2017 08/11/17 Sold $1,800,000 -17.1% $417 / Sq Ft
07/03/2017 07/03/17 Pending -- -- --
02/19/2016 02/19/16 For Sale $2,170,000 -- $503 / 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 $6,844 $60,300 $10,000 $50,300
2024 $2,972 $60,300 $10,000 $50,300
2023 $2,970 $60,300 $10,000 $50,300
2022 $2,866 $60,300 $10,000 $50,300
2021 $2,840 $60,300 $10,000 $50,300
2020 $2,831 $60,300 $10,000 $50,300
2019 $2,835 $60,300 $10,000 $50,300
2018 $2,648 $60,300 $0 $0
2017 $2,536 $60,300 $0 $0
2016 $2,409 $60,300 $0 $0
2015 $2,302 $60,300 $0 $0
2014 $2,285 $60,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001014348

Bright MLS

APN: 334-08.17-120.00