$2,300,000
SOLD OCT 27, 2017
5 Beds
5.5 Baths
2,901 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$793 Per Sq Ft

8% Below List Price

155 Days on Market

Highlights

  • Newly Remodeled
  • Lake View
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Waterfront
  • 3-minute walk to Stockley Street Park

About This Home

As of July 2019

Construction has begun! Silver Lake in South Rehoboth - one of Rehoboth's most desired locations with beautiful lake views! Custom crafted builder's showpiece with an excellent open floor plan featuring 5 bedrooms, 5.5 baths, large gourmet kitchen with 8' island (Wolf/SubZero appliance package), front screened porch, 2nd floor sun deck, stone fireplace, and 1st & 2nd floor master suites. This home will be carefully constructed with custom trim detail, 10' ceilings, tile baths, hardwood floors throughout, and basement for storage. All situated directly across from Silver Lake with lake frontage. Great in-town opportunity with excellent proximity to the beach, boardwalk, and Rehoboth Avenue.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 03/17/2017

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 03/17/2017

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Waterfront
  • Landscaped
  • Sprinkler System
  • Partially Wooded Lot
  • Zoning described as TOWN CODES

Property Views

  • Lake
  • Pond

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Architectural Shingle Roof
  • Shake Siding
  • Concrete Perimeter Foundation
  • Stick Built Home
  • Cedar

Interior Spaces

  • 2,901 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Ceiling Fan
  • Gas Fireplace
  • Window Screens
  • Living Room
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Six Burner Stove
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Brick Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near a pond
  • Balcony
  • Screened Patio
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.05-87.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,000

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: Yes
  • Federal Flood Zone: Yes
  • Year Built: 2017
  • Remarks Public: Construction has begun! Silver Lake in South Rehoboth - one of Rehoboth's most desired locations with beautiful lake views! Custom crafted builder's showpiece with an excellent open floor plan featuring 5 bedrooms, 5.5 baths, large gourmet kitchen with 8' island (Wolf/SubZero appliance package), front screened porch, 2nd floor sun deck, stone fireplace, and 1st & 2nd floor master suites. This home will be carefully constructed with custom trim detail, 10' ceilings, tile baths, hardwood floors throughout, and basement for storage. All situated directly across from Silver Lake with lake frontage. Great in-town opportunity with excellent proximity to the beach, boardwalk, and Rehoboth Avenue.
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Range Hood, Six Burner Stove, Washer, Water Heater, Water Heater - Tankless
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic, Breakfast Area, Kitchen - Eat-In, Kitchen - Island, Combination Kitchen/Dining, Entry Level Bedroom, Ceiling Fan(s), Wet/Dry Bar
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Level Count: 2
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry, Additional Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2901
  • Living Area Sq Ft: 2901
  • Net Sq Ft: 2901.00
  • Price Per Sq Ft: 860.05
  • Above Grade Finished Sq Ft: 2901
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 201B

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Cedar, Shake Siding
  • Construction Completed: Yes
  • Exterior Features: Lawn Sprinkler, Outside Shower
  • Roof: Architectural Shingle
  • View: Lake, Pond
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Brick Driveway
  • Number Of Parking Spaces Included: 2-Car Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Zoned
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Natural Gas, Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Landscaping, Partly Wooded
  • Lot Size Acres: 0.11
  • Lot Size Area: 5000
  • Lot Dimensions: 50 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Balcony, Porch(es), Screened
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3000.00
  • Assessor Parcel Number: 334-20.05-87.00
  • County Tax Payment Frequency: Annually
  • Close Date: 10/27/2017

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2020
Sold by
201 Lake Drive Llc
Bought by
Diana R Amatetti Ret
Current Estimated Value
$2,707,337

Purchase Details

Listed on
Nov 12, 2017
Closed on
Jul 31, 2019
Sold by
201 Lake Drive Llc
Bought by
Diane R Amatetti Ret
Seller's Agent
Brian Barry
Jack Lingo - Rehoboth
Buyer's Agent
Brian Barry
Jack Lingo - Rehoboth
List Price
$2,495,000
Sold Price
$2,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.33%

Purchase Details

Closed on
May 10, 2017
Sold by
Marshall James O
Bought by
201 Lake Drive Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.08%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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 -- None Available
Deed -- None Available
Deed $2,475,000 --
Deed $2,075,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,100,000 Construction
Previous Owner $1,665,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $2,495,000 0.0% $860 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
11/12/2017 11/12/17 For Sale $2,495,000 +8.5% $860 / Sq Ft
10/27/2017 10/27/17 Sold $2,300,000 -7.8% $793 / Sq Ft
08/19/2017 08/19/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $2,495,000 -- $860 / 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 $6,395 $36,850 $22,500 $14,350
2024 $2,326 $36,850 $22,500 $14,350
2023 $2,324 $36,850 $22,500 $14,350
2022 $2,243 $36,850 $22,500 $14,350
2021 $2,223 $36,850 $22,500 $14,350
2020 $2,216 $36,850 $22,500 $14,350
2019 $1,108 $36,850 $22,500 $14,350
2018 $1,124 $25,600 $0 $0
2017 $1,550 $36,850 $0 $0
2016 $2,111 $52,850 $0 $0
2015 $2,017 $52,850 $0 $0
2014 $2,002 $52,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001027326

Bright MLS

APN: 334-20.05-87.00