NOT LISTED FOR SALE

15 Delaware Ave Rehoboth Beach, DE 19971

Estimated Value: $3,510,000 - $4,070,000

5 Beds
4.5 Baths
3,000 Sq Ft
$1,263/Sq Ft Est. Value

Last Sold November 28, 2018

Last sale price $2,475,000 $825 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $20,354/month

365 Days on Market

Highlights

  • Ocean View
  • Built in 2017 | Newly Remodeled
  • Deck
  • Rehoboth Elementary School Rated A
  • Craftsman Architecture
  • Wood Flooring

About This Home

As of November 2018

Brand New property on the Ocean Block with Ocean Views and walking distance to everything in Town! Home is a rental machine, already over $110,000.00 for 2018! This Premier 3,000 sqft home has 5 bedrooms and 4 1/2 bathrooms with Hardwood floors throughout the home. The living area features a stone fireplace, 70in TV, lots of windows and french doors leading to the front porch which overlooks Delaware Ave. The kitchen features Thermador stainless steel appliances, a wet bar and granite counter tops. All 2nd floor bedrooms lead to the deck which has views of the Ocean and Funland. There are 3 master suites one of which is on the 1st floor. 10ft ceilings on the 1st floor and 9ft ceilings on the 2nd floor with ceiling treatments. A fenced in backyard with outdoor shower and irrigation. Out of Flood Plain.

Last Agent to Sell the Property

Jordan Geyer

(302) 227-3883 jgeyer05@gmail.com Jack Lingo - Rehoboth Listed on: 10/06/2017

Jack Lingo - Rehoboth

Co-Listed By

Bruce Geyer

(302) 227-3883 geyerproperty@gmail.com Jack Lingo - Rehoboth License #RS-0020502

Last Buyer's Agent

AMY SCHRADER

(302) 703-6987 jgiles@psre.com Patterson-Schwartz-Rehoboth License #RS-0007378

Patterson-Schwartz-Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,606

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Partially Fenced Property
  • Sprinkler System
  • Zoning described as GENERAL RESIDENTIAL

Home Design

  • Craftsman Architecture
  • Cottage
  • Block Foundation
  • Architectural Shingle Roof
  • Metal Roof
  • Stone Siding
  • HardiePlank Type
  • Stick Built Home
  • Masonry

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Combination Kitchen and Dining Room
  • Ocean Views
  • Attic

Kitchen

  • Double Oven
  • Down Draft Cooktop
  • Range Hood
  • Microwave
  • Extra Refrigerator or Freezer
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Instant Hot Water

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms

Laundry

  • Washer
  • Gas Dryer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Brick Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • Dehumidifier
  • Heat Pump System
  • Tankless Water Heater
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.18-52.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,606

Year Built

Built in 2017 | Newly Remodeled

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage, Craftsman
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: Yes
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2017
  • Special Features: 4098
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop - Down Draft, Dishwasher, Dryer - Gas, Extra Refrigerator/Freezer, Freezer, Icemaker, Refrigerator, Instant Hot Water, Microwave, Oven - Double, Range Hood, Washer, Water Heater - Tankless
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic, Kitchen - Island, Combination Kitchen/Dining, Entry Level Bedroom, Ceiling Fan(s), Wet/Dry Bar
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Net Sq Ft: 3000.00
  • Price Per Sq Ft: 866.33
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet

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
  • Construction Materials: Masonry, Stick Built, Hardiplank Type, Stone
  • Construction Completed: Yes
  • Exterior Features: Lawn Sprinkler, Outside Shower
  • Roof: Architectural Shingle, Metal
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Brick Driveway
  • Number Of Parking Spaces Included: 2-Car Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Dehumidifier, Heat Pump(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Private

Condo/Co-op/Association

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

Lot Info

  • Fencing: Partially
  • Lot Size Acres: 0.11
  • Lot Size Area: 5000
  • Lot Dimensions: 50x100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning: RESIDENTIAL
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 110000.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 1606.00
  • Assessor Parcel Number: 334-14.18-52.00
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2017
Closed on
Nov 28, 2018
Sold by
Geyer Bruce S
Bought by
Plt Llc
Seller's Agent
Jordan Geyer
Jack Lingo - Rehoboth
Buyer's Agent
AMY SCHRADER
Patterson-Schwartz-Rehoboth
List Price
$2,699,000
Sold Price
$2,475,000
Premium/Discount to List
-$224,000
-8.3%
Current Estimated Value
$3,790,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,315,000
Avg. Annual Appreciation
6.00%
Original Mortgage
$1,700,000
Outstanding Balance
$495,971
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$3,294,029

Purchase Details

Listed on
Oct 6, 2017
Closed on
Oct 16, 2018
Sold by
15 Delaware Ave Exchange
Bought by
Geyer Bruce S
Seller's Agent
Jordan Geyer
Jack Lingo - Rehoboth
Buyer's Agent
AMY SCHRADER
Patterson-Schwartz-Rehoboth
List Price
$2,699,000
Sold Price
$2,475,000
Premium/Discount to List
-$224,000
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$495,971
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$3,294,029

Purchase Details

Listed on
Oct 10, 2016
Closed on
Dec 9, 2016
Sold by
Lefevre Nancy K
Bought by
15 Delaware Avenue Exchange Llc A Delawa
Seller's Agent
CHIQUI GAVILAN
Long & Foster Real Estate, Inc.
Buyer's Agent
Jordan Geyer
Jack Lingo - Rehoboth
List Price
$1,255,000
Sold Price
$1,255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.23%
Source: Public Records
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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
Plt Llc $2,475,000 --
Geyer Bruce S -- --
15 Delaware Avenue Exchange Llc A Delawa $1,255,000 None Available
Lefevre Nancy K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plt Llc $1,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/28/2018 11/28/18 Sold $2,475,000 -4.8% $825 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
02/07/2018 02/07/18 Price Changed $2,599,000 -3.7% $866 / Sq Ft
10/06/2017 10/06/17 For Sale $2,699,000 +115.1% $900 / Sq Ft
02/03/2017 02/03/17 Sold $1,255,000 0.0% $784 / Sq Ft View Prior Sale
11/21/2016 11/21/16 Pending -- -- --
10/10/2016 10/10/16 For Sale $1,255,000 -- $784 / Sq Ft
Source: Bright MLS

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 $5,011 $20,900 $12,500 $8,400
2024 $2,351 $20,900 $12,500 $8,400
2023 $2,349 $20,900 $12,500 $8,400
2022 $2,267 $20,900 $12,500 $8,400
2021 $2,246 $20,900 $12,500 $8,400
2020 $2,239 $20,900 $12,500 $8,400
2019 $2,243 $20,900 $12,500 $8,400
2018 $2,095 $47,700 $0 $0
2017 $879 $20,900 $0 $0
2016 $1,334 $33,400 $0 $0
2015 $1,275 $33,400 $0 $0
2014 $1,265 $33,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001566704

Bright MLS

APN: 334-14.18-52.00

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