NOT LISTED FOR SALE

2 Madaket Ct Rehoboth Beach, DE 19971

Estimated Value: $590,775 - $759,000

4 Beds
3.5 Baths
3,000 Sq Ft
$226/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $620,000 $207 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,779/month

44 Days on Market

Highlights

  • Water Oriented
  • Pond View
  • Deck
  • Rehoboth Elementary School Rated A
  • Clubhouse
  • Contemporary Architecture

About This Home

As of March 2024

Welcome to 2 Madaket Court in The Villages of Old Landing II. Conveniently located just 4 miles to down town Rehoboth Beach, this 4 bedroom, 3.5 bath home has a recently remodeled kitchen and an open floor plan. Warm up in front of the fireplace in the living room on chilly winter days. The bright sunroom accesses the large deck overlooking the community pond and fountains. A flex room on the main living level can be used for entertaining or as another bedroom if additional space is needed. The primary bedroom suite is located on the main living level with 3 more bedrooms and 2 full baths upstairs. Completing the second floor is a large bonus room, great for secondary living. Not to be overlooked is the full basement with walkout access to the rear yard. Furnishings may be included with an acceptable offer.

Last Agent to Sell the Property

Jeff Hecker

(888) 734-7399 jhecker2051@gmail.com Monument Sotheby's International Realty License #RS-0024547 Listed on: 11/26/2023

Monument Sotheby's International Realty

Last Buyer's Agent

Melissa Rudy

(717) 805-8937 mrudy@kw.com Keller Williams Realty License #RS-0024423

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,709

Year Built

  • Built in 2004

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 64.00 x 125.00
  • Corner Lot
  • Property is zoned MR

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Gas Fireplace
  • Family Room
  • Living Room
  • Breakfast Room
  • Bonus Room
  • Sun or Florida Room
  • Pond Views
  • Basement
  • Walk-Up Access

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Metered Propane
  • Propane Water Heater

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 334-18.00-444.00

Community Details

Overview

  • $1,000 Capital Contribution Fee
  • Association fees include common area maintenance, pool(s), recreation facility, snow removal, road maintenance
  • $200 Other One-Time Fees
  • Villages Of Old Landing II Subdivision
  • Property Manager

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,709

Year Built

Built in 2004

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-11-26
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Microwave, Cooktop, Oven - Wall, Dishwasher, Disposal
  • Flooring Type: Bamboo, Carpet, Vinyl, Ceramic Tile
  • Interior Amenities: Carpet, Entry Level Bedroom, Kitchen - Eat-In, Pantry
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room Count: 13
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Basement, Breakfast Room, Bedroom 1, Sun/Florida Room, Laundry, Bathroom 1, Bathroom 2, Bonus Room, Primary Bathroom
  • Basement: Yes
  • Basement Type: Poured Concrete, Walkout Stairs
  • Laundry Type: Main Floor
  • Total Sq Ft: 4750
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 213.33
  • Above Grade Finished Sq Ft: 3000
  • Below Grade Sq Ft: 1750
  • Total Below Grade Sq Ft: 1750
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Roof: Shingle
  • View: Water, Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Metered
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility, Snow Removal, Road Maintenance
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 200.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 1000.00

Schools

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

Lot Info

  • Land Use Code: 999
  • Lot Size Acres: 0.18
  • Lot Dimensions: 64.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7841.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2023
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1554.00
  • Tax Annual Amount: 1709.00
  • Assessor Parcel Number: 334-18.00-444.00
  • Tax Lot: 26
  • Tax Total Finished Sq Ft: 1760
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 03/04/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2023
Closed on
Feb 20, 2024
Sold by
Taormina Diane Volino
Bought by
Walker Jeffrey and Walker Cristen Marie
Seller's Agent
Jeff Hecker
Monument Sotheby's International Realty
Buyer's Agent
Melissa Rudy
Keller Williams Realty
List Price
$640,000
Sold Price
$620,000
Premium/Discount to List
-$20,000
-3.12%
Views
124
Current Estimated Value
$677,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,194
Avg. Annual Appreciation
5.74%
Original Mortgage
$496,000
Outstanding Balance
$487,365
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$189,829
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
Walker Jeffrey $620,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Jeffrey $496,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2024 03/04/24 Sold $620,000 -3.1% $207 / Sq Ft
11/26/2023 11/26/23 For Sale $640,000 -- $213 / 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 $1,268 $34,700 $4,800 $29,900
2024 $1,710 $34,700 $4,800 $29,900
2023 $1,209 $34,700 $4,800 $29,900
2022 $1,149 $34,700 $4,800 $29,900
2021 $1,234 $34,700 $4,800 $29,900
2020 $1,229 $34,700 $4,800 $29,900
2019 $1,231 $34,700 $4,800 $29,900
2018 $1,124 $34,700 $0 $0
2017 $1,059 $34,700 $0 $0
2016 $886 $34,700 $0 $0
2015 $824 $34,700 $0 $0
2014 $815 $34,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2051990

Bright MLS

APN: 334-18.00-444.00