NOT LISTED FOR SALE

18481 Munchy Branch Rd Rehoboth Beach, DE 19971

Estimated Value: $447,000 - $562,000

0.16 Acre
$3,034,031 Price per Acre
7,000 Sq Ft Lot

Last Sold May 11, 2018

Last sale price $122,000

Est. 298% increase in value since last sale

Current estimated payment $2,626/month

51 Days on Market

About This Lot

As of May 2018

Building Lot East of Route 1. Build your beach home on this cleared 50 x 140 lot close to State Park, Restaurants, Outlets, and Medical Centers.

Last Agent to Sell the Property

Mary Cerami

(302) 745-7004 marycerami@gotogallo.com Berkshire Hathaway HomeServices PenFed Realty Listed on: 02/21/2018

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Mary Cerami

(302) 745-7004 marycerami@gotogallo.com Berkshire Hathaway HomeServices PenFed Realty Listed on: 02/21/2018

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Property Type

  • Land

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Cleared Lot
  • Zoning described as GENERAL RESIDENTIAL

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-07.00-23.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 18.43

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer, Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.16
  • Lot Size Area: 7000
  • Lot Dimensions: 50 x 140
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7000.00
  • Zoning Description: GENERAL RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5210939
  • Assessor Parcel Number: 334-07.00-23.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Apr 27, 2018
Sold by
Firor Patrick M
Bought by
Lampert Mary H
Seller's Agent
Mary Cerami
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Mary Cerami
Berkshire Hathaway HomeServices PenFed Realty
List Price
$139,900
Sold Price
$122,000
Premium/Discount to List
-$17,900
-12.79%
Current Estimated Value
$485,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,445
Avg. Annual Appreciation
19.98%

Purchase Details

Listed on
Oct 19, 2013
Closed on
Dec 23, 2013
Sold by
Viscount Nicholas F and Viscount James P
Bought by
Firor Patrick Michael
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$69,000
Sold Price
$69,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.96%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lampert Mary H $122,000 --
Firor Patrick Michael -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2018 05/11/18 Sold $122,000 -5.4% --
04/13/2018 04/13/18 Pending -- -- --
04/07/2018 04/07/18 Price Changed $129,000 -4.4% --
03/26/2018 03/26/18 Price Changed $134,900 -3.6% --
02/21/2018 02/21/18 For Sale $139,900 +102.8% --
12/30/2013 12/30/13 Sold $69,000 0.0% -- View Prior Sale
10/25/2013 10/25/13 Pending -- -- --
10/19/2013 10/19/13 For Sale $69,000 -- --
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 $869 $1,500 $1,500 $0
2024 $813 $1,500 $1,500 $0
2023 $813 $1,500 $1,500 $0
2022 $784 $1,500 $1,500 $0
2021 $777 $1,500 $1,500 $0
2020 $70 $1,500 $1,500 $0
2019 $71 $1,500 $1,500 $0
2018 $66 $1,500 $0 $0
2017 $63 $1,500 $0 $0
2016 $60 $1,500 $0 $0
2015 $101 $1,500 $0 $0
2014 $100 $2,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Cerami

    Seller's Agent in 2018

    Mary Cerami

    BHHS PenFed (actual)

    (302) 745-7004

    22 Total Sales

    Mary Cerami
    Section Image
  • DEBBIE REED

    Seller's Agent in 2013

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    260 in this area

    796 Total Sales

    DEBBIE REED
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001585376

Bright MLS

APN: 334-07.00-23.00

Delaware Sussex County Rehoboth Beach 19971

18481 Munchy Branch Rd, Rehoboth Beach, DE

Not Listed for Sale

Lots

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