NOT LISTED FOR SALE

20376 Old Landing Rd Rehoboth Beach, DE 19971

Estimated Value: $775,000 - $1,215,073

4.13 Acres
$232,048 Price per Acre
179,903 Sq Ft Lot

Last Sold December 16, 2022

Last sale price $1,050,000

Est. 9% decrease in value since last sale

Current estimated payment $5,124/month

370 Days on Market

Highlights

  • 4.13 Acre Lot
  • Backs to Trees or Woods
  • No HOA
  • Rehoboth Elementary School Rated A

About This Lot

As of December 2022

Development potential! 4.13 +/- acres located in the highly desired location of Old Landing Road in Rehoboth Beach. Sale includes parcels 78.00 and 78.01. Central sewer and water available. Currently zoned AR-1, but surrounded by MR-1 (medium-density residential), which allows for 4 units per acre. Excellent candidate for rezoning and great development opportunity.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/16/2021

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

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

Last Buyer's Agent

Kelly Jeter

(443) 758-7170 kelly.jeter@svn.com SVN |Miller Commercial Real Estate License #666318

SVN |Miller Commercial Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $358

Lot Details

  • 4.13 Acre Lot
  • Backs to Trees or Woods
  • 334-18.00-78.01 (406 N. Fairway Drive)
  • Property is zoned AR-1

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-18.00-78.00

Property Details

Property Type

Land

Est. Annual Taxes

$358

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Residential
  • Exclusions: Personal property
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Development potential! 4.13 +/- acres located in the highly desired location of Old Landing Road in Rehoboth Beach. Sale includes parcels 78.00 and 78.01. Central sewer and water available. Currently zoned AR-1, but surrounded by MR-1 (medium-density residential), which allows for 4 units per acre. Excellent candidate for rezoning and great development opportunity.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 7.17
  • Street Number Modifier: 20376

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 334-18.00-78.01 (406 N. Fairway Drive)
  • Land Use Code: RV
  • Lot Features: Backs To Trees
  • Lot Size Acres: 4.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 179902.80
  • Year Assessed: 2021
  • Zoning: AR-1
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 324.00
  • Tax Annual Amount: 358.00
  • Assessor Parcel Number: 334-18.00-78.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 12/16/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Dec 15, 2022
Sold by
Litchford Charles R
Bought by
Bay Shore Community Church Inc
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Kelly Jeter
SVN |Miller Commercial Real Estate
List Price
$1,690,000
Sold Price
$1,050,000
Premium/Discount to List
-$640,000
-37.87%
Views
91
Current Estimated Value
$958,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,642
Avg. Annual Appreciation
-3.23%
Original Mortgage
$525,000
Outstanding Balance
$509,246
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$449,112
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Bay Shore Community Church Inc $1,050,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bay Shore Community Church Inc $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $1,050,000 -18.6% --
03/24/2022 03/24/22 Price Changed $1,290,000 -7.2% --
03/11/2022 03/11/22 Price Changed $1,390,000 -6.7% --
02/21/2022 02/21/22 Price Changed $1,490,000 -6.3% --
01/14/2022 01/14/22 Price Changed $1,590,000 -5.9% --
07/16/2021 07/16/21 For Sale $1,690,000 -- --
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 $515 $7,600 $7,600 $0
2024 $375 $7,600 $7,600 $0
2023 $374 $7,600 $7,600 $0
2022 $361 $7,600 $7,600 $0
2021 $358 $7,600 $7,600 $0
2020 $357 $7,600 $7,600 $0
2019 $357 $7,600 $7,600 $0
2018 $334 $7,600 $0 $0
2017 $320 $7,600 $0 $0
2016 $304 $7,600 $0 $0
2015 $290 $7,600 $0 $0
2014 $288 $7,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2022

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    184 in this area

    345 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull

    Seller Co-Listing Agent in 2022

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    176 in this area

    275 Total Sales

    Shaun Tull
    Section Image
  • Kelly Jeter

    Buyer's Agent in 2022

    Kelly Jeter

    SVN |Miller Commercial Real Estate

    (443) 758-7170

    1 in this area

    17 Total Sales

    Kelly Jeter
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2002010

Bright MLS

APN: 334-18.00-78.00

Delaware Sussex County Rehoboth Beach 19971

20376 Old Landing Rd, Rehoboth Beach, DE

This home is located at 20376 Old Landing Rd, Rehoboth Beach, DE 19971 since 16 July 2021 and is currently estimated at $958,358. 20376 Old Landing Rd 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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