NOT LISTED FOR SALE

202 Chesapeake St Rehoboth Beach, DE 19971

Estimated Value: $1,062,000 - $1,168,000

5 Beds
3.5 Baths
2,600 Sq Ft
$429/Sq Ft Est. Value

Last Sold May 23, 2024

Last sale price $1,287,500 $495 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $5,971/month

41 Days on Market

Highlights

  • 40 Feet of Waterfront
  • 1 Boat Dock
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Lake View
  • Coastal Architecture

About This Home

As of May 2024

A true beach home dream! Nestled just two blocks away from the sands of Dewey Beach, this 5-bedroom, 3.5-bathroom oasis offers the epitome of coastal living. Situated along the tranquil shores of Comegys Lake, this recently renovated haven seamlessly blends modern luxury with the allure of beachside charm.As you step inside, you're greeted by an abundance of natural light coming in from the newly replaced Pella windows and doors across the open-concept living spaces, adorned with pristine newly finished hardwood floors and coastal accents. The kitchen, boasting stainless steel appliances and sleek countertops, serves as the heart of the home, perfect for both culinary indulgence and entertaining guests. Retreat to the expansive main bedroom, where views of the lake create a serene ambiance, inviting relaxation and rejuvenation. The additional bedrooms offer comfortable accommodations, each thoughtfully appointed to ensure restful nights and rejuvenating mornings. A versatile fifth bedroom provides the flexibility to accommodate your specific needs, whether as a home office, gym, or media room. The furnace was just replaced as of April 2024 and comes with a warranty! All mechanicals have warranties which will be transferred to the buyer for piece of mind.Outside, the expansive screened in porch allows you to soak up the sunshine and savor the views of Lake Comegys. Host gatherings or simply relax in the privacy of your own outdoor oasis. Take a short stroll to the nearby beach, where endless hours of sun, sand, and surf await. Enjoy the new outdoor shower after a long day on the sand!With proven rental income, this coastal retreat presents a lucrative investment opportunity for those seeking to capitalize on Dewey Beach's thriving vacation rental market. Whether you're seeking a year-round residence, a seasonal escape, or a lucrative investment property, this impeccable home offers the perfect blend of luxury, location, and lifestyle.Don't miss your chance to experience the ultimate in beachside living – schedule your private tour today and discover the endless possibilities awaiting at this exclusive Dewey Beach retreat.

Last Agent to Sell the Property

Taylor Tallarico

(302) 519-5350 taylormariet1999@gmail.com Keller Williams Realty Listed on: 03/07/2024

Keller Williams Realty

Last Buyer's Agent

Robert Healy

(302) 227-6767 Justin.Healy@oasothebysrealty.com Ocean Atlantic Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $281

Year Built

  • Built in 1967 | Remodeled in 2022

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • 40 Feet of Waterfront
  • North Facing Home
  • Private Lot
  • Secluded Lot
  • Cleared Lot
  • Back Yard
  • Land Lease expires in 48 years
  • Ground Rent
  • Property is zoned TN

Home Design

  • Coastal Architecture
  • Cottage
  • Frame Construction
  • Architectural Shingle Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 2,600 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Beamed Ceilings
  • Wood Ceilings
  • Sliding Windows
  • Family Room Off Kitchen
  • Dining Area
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Walk-in Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Basement Windows

Parking

  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Sun Deck
  • 1 Boat Dock
  • Private Dock
  • Deck
  • Screened Patio
  • Outdoor Storage
  • Porch

Location

  • Flood Risk

Schools

  • Cape Henlopen High School

Utilities

  • Central Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Propane
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.09-174.04

Home Details

Home Type

Single Family

Est. Annual Taxes

$281

Year Built

Built in 1967 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-03-08
  • Federal Flood Zone: Yes
  • Year Built: 1967
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: A true beach home dream! Nestled just two blocks away from the sands of Dewey Beach, this 5-bedroom, 3.5-bathroom oasis offers the epitome of coastal living. Situated along the tranquil shores of Comegys Lake, this recently renovated haven seamlessly blends modern luxury with the allure of beachside charm. As you step inside, you're greeted by an abundance of natural light coming in from the newly replaced Pella windows and doors across the open-concept living spaces, adorned with pristine newly finished hardwood floors and coastal accents. The kitchen, boasting stainless steel appliances and sleek countertops, serves as the heart of the home, perfect for both culinary indulgence and entertaining guests. Retreat to the expansive main bedroom, where views of the lake create a serene ambiance, inviting relaxation and rejuvenation. The additional bedrooms offer comfortable accommodations, each thoughtfully appointed to ensure restful nights and rejuvenating mornings. A versatile fifth bedroom provides the flexibility to accommodate your specific needs, whether as a home office, gym, or media room. The furnace was just replaced as of April 2024 and comes with a warranty! All mechanicals have warranties which will be transferred to the buyer for piece of mind. Outside, the expansive screened in porch allows you to soak up the sunshine and savor the views of Lake Comegys. Host gatherings or simply relax in the privacy of your own outdoor oasis. Take a short stroll to the nearby beach, where endless hours of sun, sand, and surf await. Enjoy the new outdoor shower after a long day on the sand! With proven rental income, this coastal retreat presents a lucrative investment opportunity for those seeking to capitalize on Dewey Beach's thriving vacation rental market. Whether you're seeking a year-round residence, a seasonal escape, or a lucrative investment property, this impeccable home offers the perfect blend of luxury, location, and lifestyle. Don't miss your chance to experience the ultimate in beachside living – schedule your private tour today and discover the endless possibilities awaiting at this exclusive Dewey Beach retreat.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Breakfast Area, Built-Ins, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Exposed Beams, Floor Plan - Open, Kitchen - Table Space, Pantry, Stall Shower, Upgraded Countertops, Wood Floors
  • Window Features: Sliding
  • Wall Ceiling Types: Beamed Ceilings, Wood Ceilings
  • Foundation Details: Pilings
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Daylight, Partial, Outside Entrance, Windows
  • Laundry Type: Main Floor
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 518.85
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 202

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Block, Mixed, Wood Siding
  • Exterior Features: Outside Shower, Secure Storage
  • Road Surface Type: Gravel
  • Roof: Architectural Shingle
  • View: Lake
  • Water Access Features: Canoe/Kayak, Private Access
  • Water Access: Yes
  • Water Body Name: Lake Comegys
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 40

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone, Private
  • Type Of Parking: Driveway

Utilities

  • Refuse: 650.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Propane - Leased
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone, Propane, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Land Lease Amt Freq: Monthly
  • Land Lease Years Remaining: 48
  • Lot Features: Cleared, Private, Rear Yard, Secluded
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4791.60
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Screened
  • Soil Types: Sandy
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: Yes
  • Pets: Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 226.00
  • Tax Annual Amount: 281.40
  • Assessor Parcel Number: 334-20.09-174.04
  • Close Date: 05/23/2024

Multi Family

  • Federal Flood Zone: AE
  • Income Expense List: Annual Ground Rent
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2024 05/23/24 Sold $1,287,500 -4.6% $495 / Sq Ft
04/08/2024 04/08/24 Price Changed $1,349,000 -9.8% $519 / Sq Ft
03/07/2024 03/07/24 For Sale $1,495,000 -- $575 / 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 $723 $13,850 $0 $13,850
2024 $683 $13,850 $0 $13,850
2023 $682 $13,850 $0 $13,850
2022 $658 $13,850 $0 $13,850
2021 $652 $13,850 $0 $13,850
2020 $650 $13,850 $0 $13,850
2019 $651 $13,850 $0 $13,850
2018 $608 $13,850 $0 $0
2017 $582 $13,850 $0 $0
2016 $553 $13,850 $0 $0
2015 $529 $13,850 $0 $0
2014 $525 $13,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2054754

Bright MLS

APN: 334-20.09-174.04-A