NOT LISTED FOR SALE

Estimated Value: $191,829 - $6,188,000

0.45 Acre
$8,626,540 Price per Acre
19,602 Sq Ft Lot

Last Sold September 10, 2012

Last sale price $3,000,000

Est. 66% increase in value since last sale

Current estimated payment $27,799/month

26 Days on Market

Highlights

  • 79 Feet of Waterfront
  • Marina
  • Community Indoor Pool
  • Rehoboth Elementary School Rated A
  • Ocean View
  • Tennis Courts

About This Lot

As of September 2012

Oceanfront Opportunity In North Shores - One Of Delaware's Most Desired Locations! Over-sized Building Lot (79.45' x 250') Creating Expansive Buildable Footprint & Potential For Incredible Ocean Views. One Of The Best Values At The Beach. Architectural Drawings From Miller & Wright Architects Avail.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/14/2012

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

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

Last Buyer's Agent

Allison Bateman

(302) 226-6616 allison@jacklingo.com Jack Lingo - Rehoboth License #RA-0001921

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 79.45 x 250
  • 79 Feet of Waterfront
  • Cleared Lot

HOA Fees

  • $167 Monthly HOA Fees

Utilities

  • Water Service Lateral Not Installed
  • Public Hookup Available For Sewer

Additional Features

  • Ocean Views
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-14.05-128.00

Community Details

Overview

  • North Shores Subdivision

Recreation

  • Marina
  • Beach
  • Tennis Courts
  • Community Indoor Pool
  • Water Access
  • Property is near an ocean

Security

  • Security Service

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 185.02

Exterior Features

  • Construction Completed: No
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 79

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer, Public Hook/Up Avail
  • Water Source: Lateral Not Installed/Must Tap Off Main

Condo/Co-op/Association

  • HOA Fees: 2000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Marina/Marina Club, Pool - Indoor, Security, Tennis Courts
  • HOA: Yes

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.45
  • Lot Size Description: ClearAcres: 0.45
  • Lot Dimensions: 79.45 x 250
  • Lot Size Units: Acres
  • Lot Sq Ft: 19863.00

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 334-14.05-128.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2012
Closed on
Sep 10, 2012
Sold by
Beatson William P
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Allison Bateman
Jack Lingo - Rehoboth
List Price
$3,000,000
Sold Price
$3,000,000
Current Estimated Value
$4,984,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,984,352
Avg. Annual Appreciation
1.96%

Purchase Details

Listed on
Jul 14, 2012
Closed on
Sep 6, 2012
Sold by
Beatson William P
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Allison Bateman
Jack Lingo - Rehoboth
List Price
$3,000,000
Sold Price
$3,000,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
-- $300,000,000 --
-- $300,000,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2012 09/10/12 Sold $3,000,000 0.0% --
08/09/2012 08/09/12 Pending -- -- --
07/14/2012 07/14/12 For Sale $3,000,000 -- --
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 $16,954 $146,250 $41,850 $104,400
2024 $7,209 $146,250 $41,850 $104,400
2023 $7,202 $146,250 $41,850 $104,400
2022 $6,951 $146,250 $41,850 $104,400
2021 $6,887 $146,250 $41,850 $104,400
2020 $6,866 $146,250 $41,850 $104,400
2019 $6,876 $146,250 $41,850 $104,400
2018 $6,423 $146,250 $0 $0
2017 $6,150 $146,250 $0 $0
2016 $5,842 $146,250 $0 $0
2015 $5,582 $146,250 $0 $0
2014 $1,586 $41,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000999292

Bright MLS

APN: 334-14.05-128.00