NOT LISTED FOR SALE

15 Delaware Ave Rehoboth Beach, DE 19971

Estimated Value: $661,496 - $4,147,000

5 Beds
4.5 Baths
3,000 Sq Ft
$993/Sq Ft Est. Value

Last Sold November 28, 2018

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

Est. 20% increase in value since last sale

Current estimated payment $16,206/month

365 Days on Market

Highlights

  • Ocean View
  • 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) 745-8286 jgeyer05@gmail.com Jack Lingo - Rehoboth Listed on: 10/06/2017

Jack Lingo - Rehoboth

Co-Listed By

Bruce Geyer

(302) 228-4559 geyerproperty@gmail.com Jack Lingo - Rehoboth License #RS-0020502

Last Buyer's Agent

AMY SCHRADER

(302) 604-9833 aschrader@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

0

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
  • Remarks Public: 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.
  • 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
  • Street Number Modifier: 15

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

Schools

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

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
  • Close Date: 11/28/2018

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
$2,977,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,832
Avg. Annual Appreciation
2.74%
Original Mortgage
$1,700,000
Outstanding Balance
$495,971
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$2,481,861

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
$2,481,861

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

Range of Values:

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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
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 Change Sq Ft Price
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
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 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 $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

  • Jordan Geyer

    Seller's Agent in 2018

    Jordan Geyer

    Jack Lingo - Rehoboth

    (302) 745-8286

    1 in this area

    9 Total Sales

    Jordan Geyer
    Section Image
  • Bruce Geyer

    Seller Co-Listing Agent in 2018

    Bruce Geyer

    Jack Lingo - Rehoboth

    (302) 228-4559

    1 Total Sale

    Bruce Geyer
    Section Image
  • AMY SCHRADER

    Buyer's Agent in 2018

    AMY SCHRADER

    Patterson Schwartz

    (302) 604-9833

    3 in this area

    4 Total Sales

    AMY SCHRADER
    Section Image

  • C

    Seller's Agent in 2017

    CHIQUI GAVILAN

    Long & Foster

  • N

    Seller Co-Listing Agent in 2017

    NANCY GOODRIDGE

    Long & Foster

See All Agents

Map

Source: Bright MLS

MLS Number: 1001566704

Bright MLS

APN: 334-14.18-52.00

Delaware Sussex County Rehoboth Beach 19971

15 Delaware Ave, Rehoboth Beach, DE

This home is located at 15 Delaware Ave, Rehoboth Beach, DE 19971 since 06 October 2017 and is currently estimated at $2,977,832, approximately $992 per square foot. This property was built in 2017. 15 Delaware Ave is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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