NOT LISTED FOR SALE

18469 Munchy Branch Rd Rehoboth Beach, DE 19971

Estimated Value: $219,000 - $377,000

2 Beds
1 Bath
945 Sq Ft
$305/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $199,999 $212 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,636/month

3 Days on Market

Highlights

  • View of Trees or Woods
  • Open Floorplan
  • Backs to Trees or Woods
  • Rehoboth Elementary School Rated A
  • Raised Ranch Architecture
  • Wood Flooring

About This Home

As of June 2020

If you are looking for a charming and affordable beach home or investment property in Rehoboth Beach then look no further than this updated gem! At just under 1,000 square feet and featuring 2 bedrooms and one bathroom this is the quintessential beach cottage. The unfinished attic features another 250+ square feet of space and the cellar features additional storage space as well. The open floor plan is great for socializing with your friends and family. Located on a spacious homesite, you have plenty of yard to run around in or roast marshmallows in a firepit. You're only 4 miles from the Rehoboth Beach boardwalk and a mere .8 miles from the Breakwater Junction Bike and Walking Trail. Being situated East of Route 1 is huge and affords you the ability to easily access shopping, restaurants, and everything the Delaware Beaches has to offer you. You can easily come and tour this home as it is empty and ready for you to move right in!

Last Agent to Sell the Property

Michael Kennedy

Compass License #RS-0024358 Listed on: 05/03/2020

Compass

Last Buyer's Agent

Michael Kennedy

Compass License #RS-0024358 Listed on: 05/03/2020

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $430

Year Built

  • Built in 1987

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00 x 144.00
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned GR 1270

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Batts Insulation
  • Asphalt Roof
  • Vinyl Siding
  • Low Volatile Organic Compounds (VOC) Products or Finishes
  • CPVC or PVC Pipes

Interior Spaces

  • 945 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Views of Woods
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Unfinished Basement

  • Partial Basement
  • Rear Basement Entry

Parking

  • 3 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Shed

Schools

  • Cape Henlopen High School

Utilities

  • Central Air
  • Heat Pump System
  • Back Up Electric Heat Pump System
  • 200+ Amp Service
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-07.00-21.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$430

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1987
  • Remarks Public: If you are looking for a charming and affordable beach home or investment property in Rehoboth Beach then look no further than this updated gem! At just under 1,000 square feet and featuring 2 bedrooms and one bathroom this is the quintessential beach cottage. The unfinished attic features another 250+ square feet of space and the cellar features additional storage space as well. The open floor plan is great for socializing with your friends and family. Located on a spacious homesite, you have plenty of yard to run around in or roast marshmallows in a firepit. You're only 4 miles from the Rehoboth Beach boardwalk and a mere .8 miles from the Breakwater Junction Bike and Walking Trail. Being situated East of Route 1 is huge and affords you the ability to easily access shopping, restaurants, and everything the Delaware Beaches has to offer you. You can easily come and tour this home as it is empty and ready for you to move right in!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Washer, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Hardwood, Vinyl, Ceramic Tile
  • Interior Amenities: Attic, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 1
  • Room Count: 6
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1
  • Basement: Yes
  • Basement Type: Partial, Rear Entrance, Unfinished, Outside Entrance
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 945
  • Living Area Sq Ft: 945
  • Price Per Sq Ft: 211.64
  • Above Grade Finished Sq Ft: 945
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18469

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Batts Insulation, Block, Concrete, Cpvc/Pvc, Low Voc Products/Finishes, Vinyl Siding
  • Roof: Asphalt
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

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

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 7650.00
  • Land Assessed Value: 1500.00
  • Land Use Code: RS
  • Lot Features: Backs To Trees
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50.00 x 144.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: GR 1270
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 13800.00
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5210916
  • School Tax: 389.00
  • Tax Annual Amount: 430.00
  • Assessor Parcel Number: 334-07.00-21.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 06/18/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2020
Closed on
Jun 18, 2020
Sold by
Esposito Anthony and Esposito Marcia
Bought by
Matson Caleh L and Matson Theresa A
Seller's Agent
Michael Kennedy
Compass
Buyer's Agent
Michael Kennedy
Compass
List Price
$199,999
Sold Price
$199,999
Current Estimated Value
$287,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,864
Avg. Annual Appreciation
7.15%
Original Mortgage
$189,699
Outstanding Balance
$169,632
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$113,694
Source: Public Records

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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
Matson Caleh L $199,999 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matson Caleh L $189,699
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2020 06/18/20 Sold $199,999 0.0% $212 / Sq Ft
05/06/2020 05/06/20 Pending -- -- --
05/03/2020 05/03/20 For Sale $199,999 -- $212 / 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 $451 $9,150 $1,500 $7,650
2023 $451 $9,150 $1,500 $7,650
2022 $435 $9,150 $1,500 $7,650
2021 $431 $9,150 $1,500 $7,650
2020 $430 $9,150 $1,500 $7,650
2019 $430 $9,150 $1,500 $7,650
2018 $402 $9,150 $0 $0
2017 $385 $9,150 $0 $0
2016 $365 $9,150 $0 $0
2015 $349 $9,150 $0 $0
2014 $347 $9,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Kennedy

    Seller's Agent in 2020

    Michael Kennedy

    Compass

    (302) 381-7001

    31 in this area

    686 Total Sales

    Michael Kennedy
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU160306

Bright MLS

APN: 334-07.00-21.00

Delaware Sussex County Rehoboth Beach 19971

18469 Munchy Branch Rd, Rehoboth Beach, DE

This home is located at 18469 Munchy Branch Rd, Rehoboth Beach, DE 19971 since 03 May 2020 and is currently estimated at $287,863, approximately $304 per square foot. This property was built in 1987. 18469 Munchy Branch Rd 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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