NOT LISTED FOR SALE

209 Laurel St Rehoboth Beach, DE 19971

Estimated Value: $1,874,000 - $2,912,000

4 Beds
1.5 Baths
1,400 Sq Ft
$1,709/Sq Ft Est. Value

Last Sold February 09, 2019

Last sale price $950,000 $679 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $12,963/month

13 Days on Market

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • No HOA
  • Rehoboth Elementary School Rated A
  • Garden View
  • 4-minute walk to Stockley Street Park

About This Home

As of February 2019

Tremendous potential! Charming coastal cottage, just blocks from the beach, boardwalk and the beautiful Atlantic Ocean. Timelessly built, this home offers endless opportunities for expansion or renovation, featuring a traditional living area with fireplace and breezy side screened porch. Standard sized lot (50' x 100') is also perfect for a fresh start with a new construction home, within walking distance to town.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 11/29/2018

Jack Lingo - Rehoboth

Co-Listed By

Cheryl Lynn Crowe

(302) 745-9915 cheryl@jacklingo.com Jack Lingo - Rehoboth License #RS-0020914

Last Buyer's Agent

Allen Jarmon

(302) 745-5122 ajarmon113@gmail.com NextHome Tomorrow Realty License #RA-0002913

NextHome Tomorrow Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1938

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Infill Lot
  • South Facing Home

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Coastal Architecture
  • Entry on the 1st floor
  • Stick Built Home

Interior Spaces

  • 1,400 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Wood Burning Fireplace
  • Family Room Off Kitchen
  • Dining Area
  • Garden Views
  • Unfinished Basement
  • Interior Basement Entry
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 334-14.17-404.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$860

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Entry Floor: 1
  • Interior Amenities: Dining Area, Family Room Off Kitchen, Floor Plan - Traditional
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Interior Access, Unfinished
  • Total Sq Ft: 1400
  • Living Area Sq Ft: 1400
  • Price Per Sq Ft: 713.57
  • Above Grade Finished Sq Ft: 1400
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 50 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 495.00
  • Tax Annual Amount: 859.88
  • Assessor Parcel Number: 334-14.17-404.00
  • Tax Lot: 51
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2018
Closed on
Feb 19, 2019
Sold by
Day John H
Bought by
Cobb Kevin M and Cobb Melissa D
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Allen Jarmon
NextHome Tomorrow Realty
List Price
$999,000
Sold Price
$950,000
Premium/Discount to List
-$49,000
-4.9%
Current Estimated Value
$2,393,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,443,000
Avg. Annual Appreciation
14.48%
Original Mortgage
$760,000
Outstanding Balance
$658,340
Interest Rate
3.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,734,660

Purchase Details

Closed on
Nov 21, 2016
Sold by
Dorothy V Day Living Trust
Bought by
Harter Day John

Purchase Details

Closed on
Jan 6, 1997
Bought by
Day Dorothy V Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Cobb Kevin M $950,000 --
Harter Day John -- None Available
Day Dorothy V Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobb Kevin M $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2019 02/09/19 Sold $950,000 -4.9% $679 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
11/29/2018 11/29/18 For Sale $999,000 -- $714 / 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 $4,501 $12,550 $7,500 $5,050
2024 $1,745 $12,550 $7,500 $5,050
2023 $1,743 $12,550 $7,500 $5,050
2022 $1,683 $12,550 $7,500 $5,050
2021 $1,667 $12,550 $7,500 $5,050
2020 $589 $12,550 $7,500 $5,050
2019 $590 $12,550 $7,500 $5,050
2018 $551 $12,550 $0 $0
2017 $528 $12,550 $0 $0
2016 $501 $12,550 $0 $0
2015 $479 $12,550 $0 $0
2014 $476 $12,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU121998

Bright MLS

APN: 334-14.17-404.00