NOT LISTED FOR SALE

203 Jersey St Unit 2405 Dewey Beach, DE 19971

Estimated Value: $783,000 - $1,942,000

3 Beds
2 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold April 04, 2024

Last sale price $969,000

Est. 25% increase in value since last sale

Current estimated payment $6,556/month

8 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Electric Baseboard Heater
  • Rehoboth Elementary School Rated A
  • Central Air
  • Dogs and Cats Allowed

About This Home

As of April 2024

This classic, original 3 bedroom beach cottage is located just 2.5 blocks from the Atlantic Ocean in the Rehoboth By the Sea area of north Dewey Beach. Enter the house to find the living areas and primary bedroom on the left and the two guest bedrooms and hall bathroom on the right separated by a porch. The premier cul de sac location with no through traffic offers a desired privacy few homes in the beach area enjoy. The 60 year land lease affords plenty of opportunity to renovate or rebuild.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 12/29/2023

RE/MAX Realty Group Rehoboth

Co-Listed By

Cyndi Marsh

(302) 363-5734 cyndi@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0016264

Last Buyer's Agent

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 12/29/2023

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $493

Year Built

  • Built in 1966

Lot Details

  • 4,792 Sq Ft Lot
  • Land Lease expires in 60 years
  • Ground Rent expires in 60 years
  • Property is zoned TN

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Block Foundation

Interior Spaces

  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 334-20.09-180.02-2405

Home Details

Home Type

Single Family

Est. Annual Taxes

$493

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Historic: No
  • Inclusions: As Seen
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1966
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This classic, original 3 bedroom beach cottage is located just 2.5 blocks from the Atlantic Ocean in the Rehoboth By the Sea area of north Dewey Beach. Enter the house to find the living areas and primary bedroom on the left and the two guest bedrooms and hall bathroom on the right separated by a porch. The premier cul de sac location with no through traffic offers a desired privacy few homes in the beach area enjoy. The 60 year land lease affords plenty of opportunity to renovate or rebuild.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 203

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • 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

Lot Info

  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 60
  • Land Use Code: 999
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2023
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 60
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 414.00
  • Tax Annual Amount: 493.00
  • Assessor Parcel Number: 334-20.09-180.02-2405
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 04/04/2024

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/04/2024 04/04/24 Sold $969,000 0.0% --
01/06/2024 01/06/24 Pending -- -- --
12/29/2023 12/29/23 For Sale $969,000 -- --
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 $1,382 $5,000 $5,000 $0
2024 $565 $5,000 $5,000 $0
2023 $565 $5,000 $5,000 $0
2022 $556 $5,000 $5,000 $0
2021 $554 $5,000 $5,000 $0
2020 $552 $5,000 $5,000 $0
2019 $531 $5,000 $5,000 $0
2018 $220 $5,000 $0 $0
2017 $210 $5,000 $0 $0
2016 $235 $5,000 $0 $0
2015 $226 $5,000 $0 $0
2014 $225 $5,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU2053570

Bright MLS

APN: 334-20.09-180.02