NOT LISTED FOR SALE

15 Cullen St Dewey Beach, DE 19971

Estimated Value: $350,864 - $4,850,000

5 Beds
6.5 Baths
4,080 Sq Ft
$602/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $4,750,000 $1,164 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $13,428/month

44 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • Gourmet Kitchen
  • Rehoboth Elementary School Rated A
  • Building is oceanfront but unit may not have water views
  • Open Floorplan

About This Home

As of October 2021

Welcome to 15 Cullen Street, a modern masterpiece located in the ocean block of the highly desired neighborhood known as Rehoboth by the Sea. Renowned architect, Randall Mars, carefully blended the ideal coastal setting with flawless design and sophistication. Situated only steps from the ocean, this stunning residence features a total of 5,500+/- square feet including 5 bedrooms, 6.5 bathrooms and casually elegant living spaces on each of the home’s three levels. Upon entry, clean lines, tasteful décor make a dramatic impression. The first level features 4 spacious bedrooms with luxurious spa-like baths, a spacious living area complete with wet bar with quartz counters and refrigeration. In addition, a mudroom with direct access to the outdoor shower and a 1-car garage, perfect for bikes and storage. Rich walnut stairs guide you to the main level (2nd) where you will find a spectacular great room complete with polished concrete floors, soaring ceilings and a sleek fireplace with marble surround. The interior space is fluidly connected to the environment by floor to ceiling glass that completely opens to the expansive terrace with seating area, built-in fire pit, dining area and outdoor kitchen with gas grill and beverage center. The custom kitchen features stunning white cabinetry, stainless steel appliances and a window stretching the length of counter. The island is emphasized with gorgeous quartz counters with a waterfall edge and range hood artfully built-in a walnut accent piece. The space is finished with a dining area, wine storage and beverage center. In addition, this level includes the primary suite complete with a custom walk-in closet and a luxurious and sleek private en-suite bath. Perched on the third level is a superior flex space currently being utilized as an executive office. This generously sized room includes a full bath, private balcony and direct access to the sundeck boasting superb ocean views. The home is visually striking, and the systems are equally as impressive. With top-notch security and surveillance, audio/video, and smart home technology throughout, you can manage everything remotely from a mobile device. This home includes many features that could not duplicated under today’s building code, and it is truly a one-of-a-kind opportunity. All situated in a sought-after location offering one of the most gorgeous beaches along the Delaware coast. This home truly leaves little to the imagination!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 06/17/2021

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

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

Last Buyer's Agent

Lucius Webb

(302) 258-4590 luciusrwebb@yahoo.com Jack Lingo - Rehoboth License #RS-0017469

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,088

Year Built

  • Built in 2018

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Building is oceanfront but unit may not have water views
  • Landscaped
  • Extensive Hardscape
  • Cleared Lot
  • Property is in excellent condition
  • Property is zoned TN

Parking

  • 1 Car Attached Garage
  • 4 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Sliding Windows
  • Insulated Doors
  • Family Room Off Kitchen
  • Dining Room
  • Loft
  • Ocean Views

Kitchen

  • Gourmet Kitchen
  • Built-In Double Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack
  • Disposal
  • Instant Hot Water

Flooring

  • Concrete
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on lower level
  • Front Loading Dryer
  • Front Loading Washer

Home Security

  • Monitored
  • Exterior Cameras

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Multiple Balconies
  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Powered By Leased Propane
  • Power Generator
  • Tankless Water Heater
  • Propane Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Garrison Homes
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 334-20.10-142.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,088

Year Built

Built in 2018

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Welcome to 15 Cullen Street, a modern masterpiece located in the ocean block of the highly desired neighborhood known as Rehoboth by the Sea. Renowned architect, Randall Mars, carefully blended the ideal coastal setting with flawless design and sophistication. Situated only steps from the ocean, this stunning residence features a total of 5,500+/- square feet including 5 bedrooms, 6.5 bathrooms and casually elegant living spaces on each of the home’s three levels. Upon entry, clean lines, tasteful décor make a dramatic impression. The first level features 4 spacious bedrooms with luxurious spa-like baths, a spacious living area complete with wet bar with quartz counters and refrigeration. In addition, a mudroom with direct access to the outdoor shower and a 1-car garage, perfect for bikes and storage. Rich walnut stairs guide you to the main level (2nd) where you will find a spectacular great room complete with polished concrete floors, soaring ceilings and a sleek fireplace with marble surround. The interior space is fluidly connected to the environment by floor to ceiling glass that completely opens to the expansive terrace with seating area, built-in fire pit, dining area and outdoor kitchen with gas grill and beverage center. The custom kitchen features stunning white cabinetry, stainless steel appliances and a window stretching the length of counter. The island is emphasized with gorgeous quartz counters with a waterfall edge and range hood artfully built-in a walnut accent piece. The space is finished with a dining area, wine storage and beverage center. In addition, this level includes the primary suite complete with a custom walk-in closet and a luxurious and sleek private en-suite bath. Perched on the third level is a superior flex space currently being utilized as an executive office. This generously sized room includes a full bath, private balcony and direct access to the sundeck boasting superb ocean views. The home is visually striking, and the systems are equally as impressive. With top-notch security and surveillance, audio/video, and smart home technology throughout, you can manage everything remotely from a mobile device. This home includes many features that could not duplicated under today’s building code, and it is truly a one-of-a-kind opportunity. All situated in a sought-after location offering one of the most gorgeous beaches along the Delaware coast. This home truly leaves little to the imagination!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer - Front Loading, Instant Hot Water, Oven - Double, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Water Heater - Tankless
  • Flooring Type: Concrete, Marble, Ceramic Tile
  • Interior Amenities: Bar, Built-Ins, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Kitchen - Gourmet, Recessed Lighting, Bathroom - Stall Shower, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wine Storage
  • Window Features: Insulated, Sliding
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Slab
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Kitchen, Family Room, Laundry, Loft, Primary Bathroom
  • Basement: No
  • Laundry Type: Has Laundry, Lower Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 5493
  • Living Area Sq Ft: 4080
  • Price Per Sq Ft: 1213.24
  • Above Grade Finished Sq Ft: 4080
  • Above Grade Unfinished Sq Ft: 1413
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 15

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 4
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 4
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination, Concrete, Wood Siding
  • Exterior Features: Exterior Lighting, Extensive Hardscape, Outside Shower
  • Roof: Flat
  • Spa: No
  • View: Ocean
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers, Generator
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane, Tankless
  • Security: Exterior Cameras, Monitored, Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone, Propane
  • Water Source: Public
  • Municipal Trash: Yes

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

Lot Info

  • Horses: No
  • Land Use Code: RS
  • Lot Features: Cleared, Landscaping
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Excellent
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Building Info

  • Builder Name: Garrison Homes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 2575.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3088.00
  • Assessor Parcel Number: 334-20.10-142.00
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/01/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Sep 28, 2021
Sold by
Katz Brian L and Rush-Katz Amy J
Bought by
Yumkas Lawrence J and Fisher Miriam L
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Lucius Webb
Jack Lingo - Rehoboth
List Price
$4,950,000
Sold Price
$4,750,000
Premium/Discount to List
-$200,000
-4.04%
Current Estimated Value
$2,457,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,292,712
Avg. Annual Appreciation
-15.23%
Original Mortgage
$3,600,000
Outstanding Balance
$3,282,864
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$825,576

Purchase Details

Listed on
Nov 11, 2016
Closed on
Feb 21, 2017
Sold by
Cohn Esther and Cohn Lewis
Bought by
Rush Katz Amy Jill and Katz Brian Lewis
Seller's Agent
JOY HEARN
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.76%
Original Mortgage
$1,000,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 1996
Bought by
Cohn Lewis Esther
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
Yumkas Lawrence J $4,500,000 None Available
Rush Katz Amy Jill $1,250,000 None Available
Cohn Lewis Esther -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yumkas Lawrence J $3,600,000
Previous Owner Rush Katz Amy Jill $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $4,750,000 -4.0% $1,164 / Sq Ft
07/31/2021 07/31/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $4,950,000 +296.0% $1,213 / Sq Ft
02/28/2017 02/28/17 Sold $1,250,000 -3.8% $625 / Sq Ft
12/31/2016 12/31/16 Pending -- -- --
11/11/2016 11/11/16 For Sale $1,299,000 -- $650 / 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 $4,798 $26,850 $11,250 $15,600
2024 $3,305 $26,850 $11,250 $15,600
2023 $3,303 $26,850 $11,250 $15,600
2022 $3,199 $26,850 $11,250 $15,600
2021 $3,172 $26,850 $11,250 $15,600
2020 $3,163 $26,850 $11,250 $15,600
2019 $3,145 $26,850 $11,250 $15,600
2018 $2,661 $60,600 $0 $0
2017 $1,129 $26,850 $0 $0
2016 $1,108 $26,850 $0 $0
2015 $1,060 $26,850 $0 $0
2014 $1,053 $26,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU185280

Bright MLS

APN: 334-20.10-142.00