NOT LISTED FOR SALE

203 Salisbury St Rehoboth Beach, DE 19971

Estimated Value: $1,000,000 - $2,069,000

5 Beds
2.5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold July 17, 2020

Last sale price $800,000

Est. 84% increase in value since last sale

Current estimated payment $8,172/month

13 Days on Market

Highlights

  • Fireplace
  • 2 Car Attached Garage
  • Electric Baseboard Heater
  • Rehoboth Elementary School Rated A
  • Central Air
  • Dogs and Cats Allowed

About This Home

As of July 2020

Welcome to 203 Salisbury St. located in the highly desired community of Sea-breeze! This 5-bedroom, 2.5-bathroom cottage is nestled on a spacious 75X100 FEE SIMPLE lot. Located just 3 blocks from the beach, The Rehoboth Bay views, sunrises, and sunset from the front screen porch are stunningly breath taking. The Community boat ramp which is conveniently located steps away from the home offers an incredibly efficient way to enjoy the Rehoboth bay. Whether you are taking a short walk to the Jolly trolley or taking the five-minute drive to the Rehoboth beach boardwalk, 203 Salisbury is conveniently located to all thing s family fun. The Starboard, Bottle and Cork, Rusty Rudder and even Dewey Beaches newest attraction Nicks Putt-putt are all within minutes of this immaculate bay view home. In 2019 the estate renovated the bathrooms, kitchen floors, re-painted, added a new hot water heater and much more.The estate will be providing a $15,00.00 credit at the settlement table for the work that needs to be completed on the roof and crawl space.

Last Agent to Sell the Property

John Redefer

Rehoboth Bay Realty, Co. License #RB-0031187 Listed on: 06/02/2020

Last Buyer's Agent

John Redefer

Rehoboth Bay Realty, Co. License #RB-0031187 Listed on: 06/02/2020

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $1,754

Year Built

  • Built in 1983 | Remodeled in 2019

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75.00 x 100.00
  • Property is in good condition

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • Fireplace

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

Location

  • Flood Risk

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 334-20.13-166.00

Community Details

Overview

  • Building Winterized
  • Seabreeze Dev Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$1,754

Year Built

Built in 1983 | Remodeled in 2019

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Modular/Pre-Fabricated
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1983
  • Year Renovated: 2019
  • Building Winterized: Yes
  • Remarks Public: Welcome to 203 Salisbury St. located in the highly desired community of Sea-breeze! This 5-bedroom, 2.5-bathroom cottage is nestled on a spacious 75X100 FEE SIMPLE lot. Located just 3 blocks from the beach, The Rehoboth Bay views, sunrises, and sunset from the front screen porch are stunningly breath taking. The Community boat ramp which is conveniently located steps away from the home offers an incredibly efficient way to enjoy the Rehoboth bay. Whether you are taking a short walk to the Jolly trolley or taking the five-minute drive to the Rehoboth beach boardwalk, 203 Salisbury is conveniently located to all thing s family fun. The Starboard, Bottle and Cork, Rusty Rudder and even Dewey Beaches newest attraction Nicks Putt-putt are all within minutes of this immaculate bay view home. In 2019 the estate renovated the bathrooms, kitchen floors, re-painted, added a new hot water heater and much more.The estate will be providing a $15,00.00 credit at the settlement table for the work that needs to be completed on the roof and crawl space.
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 203

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.17
  • Lot Dimensions: 75.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: MR
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5203715
  • School Tax: 1588.00
  • Tax Annual Amount: 1754.00
  • Assessor Parcel Number: 334-20.13-166.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/17/2020

Multi Family

  • Federal Flood Zone: SF00588379

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jul 17, 2020
Sold by
Landolo Joseph A Est
Bought by
Elwye Assoc Lp
Seller's Agent
John Redefer
Rehoboth Bay Realty, Co.
Buyer's Agent
John Redefer
Rehoboth Bay Realty, Co.
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Current Estimated Value
$1,468,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,929
Avg. Annual Appreciation
8.53%
Original Mortgage
$500,000
Outstanding Balance
$447,964
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$768,307
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
Elwye Assoc Lp $800,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elwye Assoc Lp $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $800,000 -5.8% --
06/02/2020 06/02/20 For Sale $849,000 -- --
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
2024 $2,157 $37,300 $9,100 $28,200
2023 $2,155 $37,300 $9,100 $28,200
2022 $2,091 $37,300 $9,100 $28,200
2021 $2,075 $37,300 $9,100 $28,200
2020 $2,069 $37,300 $9,100 $28,200
2019 $1,650 $37,300 $9,100 $28,200
2018 $1,238 $37,300 $0 $0
2017 $1,169 $37,300 $0 $0
2016 $1,043 $37,300 $0 $0
2015 $977 $37,300 $0 $0
2014 $966 $37,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Redefer

    Seller's Agent in 2020

    John Redefer

    Rehoboth Bay Realty, Co.

    (302) 542-0375

    27 in this area

    70 Total Sales

    John Redefer
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Map

Source: Bright MLS

MLS Number: DESU161934

Bright MLS

APN: 334-20.13-166.00

Delaware Sussex County Rehoboth Beach 19971

203 Salisbury St, Rehoboth Beach, DE

This home is located at 203 Salisbury St, Rehoboth Beach, DE 19971 since 02 June 2020 and is currently estimated at $1,468,929. This property was built in 1983. 203 Salisbury St is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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