NOT LISTED FOR SALE

18038 Highwood Dr Unit 4 Rehoboth Beach, DE 19971

Estimated Value: $932,000 - $1,050,113

3 Beds
2 Baths
3,776 Sq Ft
$261/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $874,860 $232 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,650/month

12 Days on Market

Highlights

  • New Construction
  • Clubhouse
  • Great Room
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Community Pool

About This Home

As of April 2022

Welcome to the to be built Fairhaven at Wellesley. A beautiful new home with luxury finishes throughout. Enjoy main level living, plenty of room for guests and a stunning open living area. Entertain your guests in style or host your family for the holidays. Need more space? This homesite offers a fully unfinished basement. Enjoy a morning cup of coffee or an evening glass of wine on your included rear covered porch while enjoying pond views from this specific homesite. First-class amenities here include a clubhouse with bar and a beautiful pool - perfect for meeting up with new neighbors. Or meet your neighbors for a workout at the new fitness center or a lap around the community.

Last Agent to Sell the Property

Heather Richardson

(410) 878-7465 nvrbroker@nvrinc.com NVR, INC. License #RMR006795 Listed on: 07/08/2021

Last Buyer's Agent

Cindy Purcell

(410) 726-2586 cindypurcell@remax.net RE/MAX Advantage Realty License #RS-0016484

RE/MAX Advantage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $235

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.25 Acre Lot
  • Property is in excellent condition

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Front Facing Garage

Home Design

  • Coastal Architecture

Interior Spaces

  • 3,776 Sq Ft Home
  • Property has 1 Level
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Back Up Gas Heat Pump System
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot MDCWL0004
  • Assessor Parcel Number 334-12.00-1127.00

Community Details

Overview

  • $2,000 Capital Contribution Fee
  • Association fees include common area maintenance, lawn maintenance, snow removal, trash
  • Built by NV Homes
  • Wellesley At Hidden Meadows Subdivision, Fairhaven Floorplan

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$235

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$275 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Lower 1, Main
  • Federal Flood Zone: No
  • Year Built: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to the to be built Fairhaven at Wellesley. A beautiful new home with luxury finishes throughout. Enjoy main level living, plenty of room for guests and a stunning open living area. Entertain your guests in style or host your family for the holidays. Need more space? This homesite offers a fully unfinished basement. Enjoy a morning cup of coffee or an evening glass of wine on your included rear covered porch while enjoying pond views from this specific homesite. First-class amenities here include a clubhouse with bar and a beautiful pool - perfect for meeting up with new neighbors. Or meet your neighbors for a workout at the new fitness center or a lap around the community.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 1
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Foyer, Great Room, Primary Bathroom
  • Basement: Yes
  • Basement Type: Unfinished, Full
  • Total Sq Ft: 3776
  • Living Area Sq Ft: 3776
  • Price Per Sq Ft: 231.26
  • Above Grade Finished Sq Ft: 3776
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18038

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 275.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: RV
  • Lot Size Acres: 0.25
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • In City Limits: No

Building Info

  • Builder Name: NV Homes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 212.00
  • Tax Annual Amount: 235.00
  • Assessor Parcel Number: 334-12.00-1127.00
  • Tax Lot: MDCWL0004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/25/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Apr 25, 2022
Sold by
Nvhomes
Bought by
Geraty Paul M
Seller's Agent
Heather Richardson
NVR, INC.
Buyer's Agent
Cindy Purcell
RE/MAX Advantage Realty
List Price
$745,230
Sold Price
$874,860
Premium/Discount to List
$129,630
17.39%
Current Estimated Value
$983,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,844
Avg. Annual Appreciation
3.46%
Original Mortgage
$350,000
Outstanding Balance
$327,344
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$656,360

Purchase Details

Closed on
Nov 15, 2021
Sold by
Wellelsey Rehoboth Lp
Bought by
Nvr Inc
Source: Public Records

Range of Values:

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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
Geraty Paul M $874,860 Scott And Shuman Pa
Nvr Inc $153,522 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geraty Paul M $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $874,860 +0.2% $232 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/20/2021 07/20/21 Price Changed $873,240 +17.2% $231 / Sq Ft
07/08/2021 07/08/21 For Sale $745,230 -- $197 / 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 $1,666 $0 $0 $0
2024 $2,191 $0 $0 $0
2023 $2,189 $0 $0 $0
2022 $2,113 $0 $0 $0
2021 $235 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Richardson

    Seller's Agent in 2022

    Heather Richardson

    NVR, INC.

    (410) 878-7465

    30 in this area

    1,560 Total Sales

    Heather Richardson
    Section Image
  • Cindy Purcell

    Buyer's Agent in 2022

    Cindy Purcell

    RE/MAX

    (410) 726-2586

    1 in this area

    53 Total Sales

    Cindy Purcell
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2001744

Bright MLS

APN: 334-12.00-1127.00

Delaware Sussex County Rehoboth Beach 19971

18038 Highwood Dr Unit 4, Rehoboth Beach, DE

This home is located at 18038 Highwood Dr Unit 4, Rehoboth Beach, DE 19971 since 08 July 2021 and is currently estimated at $983,704, approximately $260 per square foot. This property was built in 2021. 18038 Highwood Dr Unit 4 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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