NOT LISTED FOR SALE

18898 Munchy Branch Rd Rehoboth Beach, DE 19971

Estimated Value: $592,000 - $901,000

3 Beds
3.5 Baths
3,999 Sq Ft
$197/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $559,000 $140 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,301/month

Highlights

  • Heated In Ground Pool
  • Eat-In Gourmet Kitchen
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • 0.66 Acre Lot
  • Deck

About This Home

As of September 2020

Welcome to The Pool House, a secluded oasis less than two miles to the beach and boardwalk. This spacious 3 bedroom, 3 1/2 bath home features an open floor plan with multiple entrances to the deck and heated pool. The recently remodeled kitchen offers a large counter and island area for ease of entertaining. The vaulted ceiling dining room has ceramic tile flooring and walls of windows to bring in abundant natural light. Walk out to the deck for drinks and dining poolside. The great room is expansive enough for several seating areas and has a wood burning fireplace. Owners suite with new tile bath and private pool entrance, two additional main level bedrooms and 1 1/2 baths for guests and friends. The lower level provides a full bath and partitioned areas for recreation and relaxing. Enjoy the expansive pool, with an outdoor shower and garden area in the yard. The detached garage has separate storage, and the gated driveway has room for multiple vehicles. No HOA, ideal for your beach home, getaway or investment property with proven rental income of $44,000 per year.

Last Agent to Sell the Property

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091 Listed on: 07/06/2020

Compass

Co-Listed By

MARIYA OLDFATHER GROUP

(302) 249-6665 mariya@theoldfathergroup.com Compass

Last Buyer's Agent

Denise Karas

(443) 226-0560 denise.karas@compass.com Compass License #RS-0022504

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,265

Year Built

  • Built in 1982

Lot Details

  • 0.66 Acre Lot
  • Lot Dimensions are 150.00 x 192.00
  • Extensive Hardscape
  • Property is zoned GR

Parking

  • 2 Car Detached Garage
  • 8 Driveway Spaces
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Secure Parking

Home Design

  • Rambler Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Formal Dining Room
  • Recreation Room
  • Attic Fan

Kitchen

  • Eat-In Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Finished Basement

  • Walk-Up Access
  • Interior Basement Entry

Home Security

  • Surveillance System
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Pool

  • Heated In Ground Pool
  • Fence Around Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Exterior Lighting

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Shady Grove Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-13.00-9.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,265

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Personal artwork and some furnishing pieces.
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2020-07-06
  • Federal Flood Zone: No
  • Year Built: 1982
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to The Pool House, a secluded oasis less than two miles to the beach and boardwalk. This spacious 3 bedroom, 3 1/2 bath home features an open floor plan with multiple entrances to the deck and heated pool. The recently remodeled kitchen offers a large counter and island area for ease of entertaining. The vaulted ceiling dining room has ceramic tile flooring and walls of windows to bring in abundant natural light. Walk out to the deck for drinks and dining poolside. The great room is expansive enough for several seating areas and has a wood burning fireplace. Owners suite with new tile bath and private pool entrance, two additional main level bedrooms and 1 1/2 baths for guests and friends. The lower level provides a full bath and partitioned areas for recreation and relaxing. Enjoy the expansive pool, with an outdoor shower and garden area in the yard. The detached garage has separate storage, and the gated driveway has room for multiple vehicles. No HOA, ideal for your beach home, getaway or investment property with proven rental income of $44,000 per year.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Exhaust Fan
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Carpet, Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Stall Shower, Tub Shower, Upgraded Countertops, Wood Floors, Attic/House Fan
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Block
  • Levels Count: 1
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Great Room, Laundry, Recreation Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Fully Finished, Interior Access, Walkout Stairs
  • Laundry Type: Lower Floor
  • Total Sq Ft: 3999
  • Living Area Sq Ft: 3999
  • Price Per Sq Ft: 236.66
  • Above Grade Finished Sq Ft: 2324
  • Below Grade Finished Sq Ft: 1675
  • Total Below Grade Sq Ft: 1675
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18898

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Stick Built
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Outside Shower
  • Pool Features: In Ground, Heated, Fenced
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Secure Parking
  • Garage Features: Additional Storage Area, Garage - Front Entry, Garage Door Opener, Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 23950.00
  • Land Assessed Value: 3000.00
  • Land Use Code: RS
  • Lot Size Acres: 0.66
  • Lot Dimensions: 150.00 x 192.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 28750.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • Zoning: GR
  • In City Limits: No

Rental Info

  • Total Actual Rent: 44000.00
  • Vacation Rental: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5194078
  • School Tax: 1145.00
  • Tax Annual Amount: 1265.00
  • Assessor Parcel Number: 334-13.00-9.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/14/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Sep 14, 2020
Sold by
Norwood Joelle
Bought by
Vanhorn Carolee and Usaitis Kristin H
Seller's Agent
Dustin Oldfather
Compass
Buyer's Agent
Denise Karas
Compass
List Price
$550,000
Sold Price
$559,000
Premium/Discount to List
$9,000
1.64%
Current Estimated Value
$786,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,938
Avg. Annual Appreciation
7.02%
Original Mortgage
$419,250
Outstanding Balance
$299,183
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$487,755
Source: Public Records

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
Vanhorn Carolee $559,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanhorn Carolee $419,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2020 09/14/20 Sold $559,000 +1.6% $140 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $550,000 -- $138 / 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 $1,352 $26,950 $3,000 $23,950
2024 $1,378 $26,950 $3,000 $23,950
2023 $1,376 $26,950 $3,000 $23,950
2022 $1,281 $26,950 $3,000 $23,950
2021 $1,269 $26,950 $3,000 $23,950
2020 $1,265 $26,950 $3,000 $23,950
2019 $1,267 $26,950 $3,000 $23,950
2018 $1,184 $26,950 $0 $0
2017 $1,133 $26,950 $0 $0
2016 $1,077 $26,950 $0 $0
2015 $1,029 $26,950 $0 $0
2014 $1,021 $26,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dustin Oldfather

    Seller's Agent in 2020

    Dustin Oldfather

    Compass

    (302) 249-5899

    103 in this area

    1,489 Total Sales

    Dustin Oldfather
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    MARIYA OLDFATHER GROUP

    Compass

    (302) 249-6665

    44 in this area

    147 Total Sales

    MARIYA OLDFATHER GROUP
    Section Image
  • Denise Karas

    Buyer's Agent in 2020

    Denise Karas

    Compass

    (443) 226-0560

    18 in this area

    54 Total Sales

    Denise Karas
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU163656

Bright MLS

APN: 334-13.00-9.00

Delaware Sussex County Rehoboth Beach 19971

18898 Munchy Branch Rd, Rehoboth Beach, DE

This home is located at 18898 Munchy Branch Rd, Rehoboth Beach, DE 19971 since 06 July 2020 and is currently estimated at $786,938, approximately $196 per square foot. This property was built in 1982. 18898 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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