$3,850,000
SOLD NOV 8, 2024
5 Beds
3.5 Baths
2,552 Sq Ft
8,814 Sq Ft Lot

Recently Sold

$1,509 Per Sq Ft

6% Below List Price

10 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Building is oceanfront but unit may not have water views
  • Rehoboth Elementary School Rated A
  • Water Access
  • 5-minute walk to Lake Gerar Park

About This Home

As of November 2024

Only Surf Ave is between you and the ocean! This SOLID classic home was built over a 2+ year period by a prominent local banker who supervised the construction daily! Situated on an oversized (8,814 sq ft) lot with room for a future swimming pool, or just enjoy the large yard. Approx 600+ sq ft lot coverage left, and house can be expanded. The huge kitchen was remodeled in 2020 with custom built cabinets high-end appliances and a walk-in Pantry. There is a wood burning FP in the kitchen with antique built in surrounds that features a hidden compartment. Entering the spacious Foyer, you will find an elegant turned stairwell and Powder Room, with the formal Dining Room (now set up as 2nd sitting area) straight ahead. The large Living Room features another wood burning FP. Step out from there onto the large wrap-around screened porch and feel the ocean breeze. Upstairs on the front end of the home you will find 3 BR (one ensuite) and a huge hall bath with tub and tiled shower. The 2 ocean front BRs have a door that leads to a balcony the same size as the spacious front porch for you to soak up the sun! Up the back stairs in the kitchen you will find 2 more BRs and another bath with new HVAC. The entire home has real hardwood in all living areas and tile in all baths. There is an attached 2 car garage (rare in Rehoboth) that gives you access to a partial basement. There may be potential to expand to the attic for more living space (new Primary BR?) that would have awesome ocean views! The home is located on an extra wide section of Park Ave to give you the feeling of more space, and all a very short walk to all that Rehoboth Beach has to offer. Deauville Beach with tennis courts is just a short walk away. This is a unique property, don't miss the opportunity! Past rental history $110k +/-, but not yet on rental market for 2025.

Last Agent to Sell the Property

Allen Jarmon

(302) 745-5122 ajarmon113@gmail.com NextHome Tomorrow Realty License #RA-0002913 Listed on: 09/13/2024

NextHome Tomorrow Realty

Last Buyer's Agent

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,061

Year Built

  • Built in 1969 | Remodeled in 2020

Lot Details

  • 8,814 Sq Ft Lot
  • Lot Dimensions are 118.00 x 75.00
  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water
  • East Facing Home
  • Property is Fully Fenced
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Property is in very good condition
  • Property is zoned TN

Parking

  • 2 Car Attached Garage
  • 6 Driveway Spaces
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Foundation
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,552 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Ocean Views
  • Partial Basement
  • Home Security System

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Commercial Range
  • Six Burner Stove
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property is near an ocean

Schools

  • Cape Henlopen High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 46
  • Assessor Parcel Number 334-14.09-189.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,061

Year Built

Built in 1969 | Remodeled in 2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Some art and some contents of attic, garage & basement
  • Inclusions: Furnished as shown
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1969
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Only Surf Ave is between you and the ocean! This SOLID classic home was built over a 2+ year period by a prominent local banker who supervised the construction daily! Situated on an oversized (8,814 sq ft) lot with room for a future swimming pool, or just enjoy the large yard. Approx 600+ sq ft lot coverage left, and house can be expanded. The huge kitchen was remodeled in 2020 with custom built cabinets high-end appliances and a walk-in Pantry. There is a wood burning FP in the kitchen with antique built in surrounds that features a hidden compartment. Entering the spacious Foyer, you will find an elegant turned stairwell and Powder Room, with the formal Dining Room (now set up as 2nd sitting area) straight ahead. The large Living Room features another wood burning FP. Step out from there onto the large wrap-around screened porch and feel the ocean breeze. Upstairs on the front end of the home you will find 3 BR (one ensuite) and a huge hall bath with tub and tiled shower. The 2 ocean front BRs have a door that leads to a balcony the same size as the spacious front porch for you to soak up the sun! Up the back stairs in the kitchen you will find 2 more BRs and another bath with new HVAC. The entire home has real hardwood in all living areas and tile in all baths. There is an attached 2 car garage (rare in Rehoboth) that gives you access to a partial basement. There may be potential to expand to the attic for more living space (new Primary BR?) that would have awesome ocean views! The home is located on an extra wide section of Park Ave to give you the feeling of more space, and all a very short walk to all that Rehoboth Beach has to offer. Deauville Beach with tennis courts is just a short walk away. This is a unique property, don't miss the opportunity! Past rental history $110k +/-, but not yet on rental market for 2025.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Commercial Range, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Microwave, Oven - Self Cleaning, Oven/Range - Gas, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Fireplace Features: Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Brick/Mortar
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2552
  • Living Area Sq Ft: 2552
  • Price Per Sq Ft: 1606.58
  • Above Grade Finished Sq Ft: 2552
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Roof: Architectural Shingle
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • 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
  • High School: CAPE HENLOPEN
  • High School Source: 3rd Party
  • School District Key: 300200396895
  • School District Source: 3rd Party
  • High School: CAPE HENLOPEN

Lot Info

  • Fencing: Fully, Wood
  • Land Use Code: 999
  • Lot Features: Corner, Landscaping
  • Lot Size Acres: 0.20
  • Lot Dimensions: 118.00 x 75.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8814.00
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • School Tax: 1727.00
  • Tax Annual Amount: 3061.00
  • Assessor Parcel Number: 334-14.09-189.00
  • Tax Lot: 46
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/08/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Nov 8, 2024
Sold by
Fischer L Richard
Bought by
Prettyman Bros Llc
Seller's Agent
Allen Jarmon
NextHome Tomorrow Realty
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$4,100,000
Sold Price
$3,850,000
Premium/Discount to List
-$250,000
-6.1%
Views
23
Current Estimated Value
$4,169,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,398
Avg. Annual Appreciation
5.08%

Purchase Details

Closed on
Apr 29, 1996
Bought by
Fischer L Richard
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $3,850,000 None Listed On Document
Deed $3,850,000 None Listed On Document
Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2024 11/08/24 Sold $3,850,000 -6.1% $1,509 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $4,100,000 -- $1,607 / 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 $6,492 $40,100 $19,850 $20,250
2024 $1,977 $40,100 $19,850 $20,250
2023 $1,975 $40,100 $19,850 $20,250
2022 $1,906 $40,100 $19,850 $20,250
2021 $1,888 $40,100 $19,850 $20,250
2020 $1,883 $40,100 $19,850 $20,250
2019 $1,885 $40,100 $19,850 $20,250
2018 $1,761 $40,100 $0 $0
2017 $1,686 $40,100 $0 $0
2016 $1,602 $40,100 $0 $0
2015 $1,531 $40,100 $0 $0
2014 $1,519 $40,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2070566

Bright MLS

APN: 334-14.09-189.00