NOT LISTED FOR SALE

16 Norfolk St Rehoboth Beach, DE 19971

Estimated Value: $530,256 - $3,535,000

4 Beds
3 Baths
2,000 Sq Ft
$1,201/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $1,400,000 $700 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $13,659/month

261 Days on Market

Highlights

  • Wood Burning Stove
  • Wood Flooring
  • Furnished
  • Rehoboth Elementary School Rated A
  • Attic
  • Mud Room

About This Home

As of August 2016

A quintessential 4BR Rehoboth cottage on the quiet ocean block of Norfolk Street in South Rehoboth. Enjoy the generous front porch for social gatherings and the charming interior floorplan with original woodwork throughout. Dining room flows through to a rear porch overlooking the perfect backyard for a summer BBQ. Detached garage/shed for additional storage. First floor shower tucked between LR and kitchen accessible from interior or exterior. Just steps from the Atlantic Ocean and the boardwalk. Circa 1930. Cottage for lot value!

Last Agent to Sell the Property

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 09/22/2015

RE/MAX Realty Group Rehoboth

Co-Listed By

Cyndi Marsh

RE/MAX Realty Group Rehoboth License #RS-0016264

Last Buyer's Agent

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 09/22/2015

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,105

Year Built

  • Built in 1930

Lot Details

  • 4,947 Sq Ft Lot
  • Lot Dimensions are 97x51
  • Zoning described as GENERAL RESIDENTIAL

Home Design

  • Cottage
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Window Treatments
  • Mud Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Crawl Space
  • Attic

Kitchen

  • Country Kitchen
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Screened Patio
  • Outbuilding
  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.06-45.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,105

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: A quintessential 4BR Rehoboth cottage on the quiet ocean block of Norfolk Street in South Rehoboth. Enjoy the generous front porch for social gatherings and the charming interior floorplan with original woodwork throughout. Dining room flows through to a rear porch overlooking the perfect backyard for a summer BBQ. Detached garage/shed for additional storage. First floor shower tucked between LR and kitchen accessible from interior or exterior. Just steps from the Atlantic Ocean and the boardwalk. Circa 1930. Cottage for lot value!
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Hardwood
  • Interior Amenities: Attic, Kitchen - Country, Ceiling Fan(s), Window Treatments
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Mud Room, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2000
  • Living Area Sq Ft: 2000
  • Net Sq Ft: 2000.00
  • Price Per Sq Ft: 745.00
  • Above Grade Finished Sq Ft: 2000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Wood Siding
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Wood Burn Stove, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 4947
  • Lot Dimensions: 97x51
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4947.00
  • Outdoor Living Structures: Porch(es), Screened
  • Zoning Description: GENERAL RESIDENTIAL

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202834
  • Assessor Parcel Number: 334-20.06-45.00
  • County Tax Payment Frequency: Annually
  • Close Date: 08/15/2016

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2015
Closed on
Aug 17, 2016
Sold by
Layne Leslie C and Gilman Nancy L
Bought by
Cragg James P
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$1,590,000
Sold Price
$1,400,000
Premium/Discount to List
-$190,000
-11.95%
Total Days on Market
261
Current Estimated Value
$2,402,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,002,085
Avg. Annual Appreciation
6.89%
Original Mortgage
$924,000
Outstanding Balance
$748,673
Interest Rate
3.46%
Estimated Equity
$1,768,842

Purchase Details

Listed on
Sep 22, 2015
Closed on
Aug 12, 2016
Sold by
Layne Leslie C and Gilman Nancy L
Bought by
Cragg James P
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$1,590,000
Sold Price
$1,400,000
Premium/Discount to List
-$190,000
-11.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,000
Outstanding Balance
$748,673
Interest Rate
3.46%
Estimated Equity
$1,768,842
Source: Public Records

Range of Values:

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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
Cragg James P $1,400,000 None Available
Cragg James P $1,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cragg James $924,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $1,400,000 -11.9% $700 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
09/22/2015 09/22/15 For Sale $1,590,000 -- $795 / 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
2024 $2,105 $42,700 $12,500 $30,200
2023 $2,103 $42,700 $12,500 $30,200
2022 $2,029 $42,700 $12,500 $30,200
2021 $2,011 $42,700 $12,500 $30,200
2020 $2,005 $42,700 $12,500 $30,200
2019 $2,008 $42,700 $12,500 $30,200
2018 $1,875 $42,700 $0 $0
2017 $1,796 $42,700 $0 $0
2016 $839 $21,000 $0 $0
2015 $802 $21,000 $0 $0
2014 $796 $21,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2016

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    302 in this area

    895 Total Sales

    DEBBIE REED
    Section Image
  • Cyndi Marsh

    Seller Co-Listing Agent in 2016

    Cyndi Marsh

    RE/MAX

    (302) 363-5734

    33 in this area

    78 Total Sales

    Cyndi Marsh
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001010372

Bright MLS

APN: 334-20.06-45.00

Delaware Sussex County Rehoboth Beach 19971

16 Norfolk St, Rehoboth Beach, DE

This home is located at 16 Norfolk St, Rehoboth Beach, DE 19971 since 22 September 2015 and is currently estimated at $2,402,085, approximately $1,201 per square foot. This property was built in 1930. 16 Norfolk St 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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