NOT LISTED FOR SALE

Estimated Value: $289,951 - $4,531,000

5 Beds
6 Baths
4,582 Sq Ft
$579/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $5,500,000 $1,200 Per Sq Ft

Current estimated payment $14,894/month

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Private Beach
  • Rehoboth Elementary School Rated A
  • Access to Tidal Water
  • Filtered Pool

About This Home

As of September 2020

This spectacular oceanfront retreat, with panoramic views of the Atlantic Ocean, is the epitome of luxurious modern coastal elegance. Located in the exclusive community of The Chancellery, this extraordinary property features a 150' elevated boardwalk leading directly to a private beach. Gorgeous, scenic and relaxing vistas unfold each and every day from this home's expansive interior and exterior living spaces, in which no detail has been overlooked. At over 4,500 square feet, this exceptional residence showcases an airy, sun-filled open interior, which was fully remodeled with meticulous craftsmanship beginning in 2013. From the fully updated pool, custom hardwood floors throughout, Andersen windows and doors, custom built-in cabinetry, gourmet kitchen complete with Carrara marble countertops and backsplash, custom designer window treatments and glass-enclosed elevator, this home exudes refined coastal luxury. Modern smart home technology, such as remote thermostat control, lighting, and electronically-controlled window shades, provide easy living conveniences. Floor-to-ceiling doors off the great room's living space showcase a fully reconstructed, rear deck with plenty of room for dining al fresco and relaxing outdoors. The stainless-steel cable wire railings add a modern coastal touch and the private walkway is retrofitted with water and electric which extends to the beach. On the first floor, a large laundry room offers two separate full-size washers and dryers as well as ample storage space for all the beach toys and gear. For those who prefer a pool to the beach, enjoy the custom in-ground pool, situated directly behind the sandy dunes outside. The third floor offers an additional laundry room and the top level features a gorgeous sitting room with windows to the ocean and a separate bedroom and bath; which can easily function as a private in-law suite. Each of the five spacious bedrooms features an ensuite luxury bath, all of which have been fully remodeled with state-of-the-art appliances, radiant flooring, Grohe faucets, glass enclosed showers with stone flooring and floor-to-ceiling marble tiling. In a nod to the beauty of the outdoors, every bedroom also features a stunning ocean view, while the owner's bedroom includes a fireplace and access to the outdoor deck. In addition, this home boasts many more unseen upgrades, including three-zone heating and cooling, wireless speakers, Baldwin Kevo Bluetooth remote door locks and home security and monitoring system with cameras for peace of mind. A recently upgraded sodded front lawn, landscaping, irrigation system and a new 4th-floor deck offering gorgeous sunset bay views. The convenience of downtown Dewey and Rehoboth Beach with their stylish shops, gourmet restaurants, healthy outdoor activities, and live entertainment are within walking and biking distance; however, the private location of this residence offers unparalleled wildlife watching, with dolphin sightings and sea birds making frequent appearances. One of this area's beautiful and protected natural resources, the neighboring Seashore State Park, boasts over 2,800 acres of undeveloped beaches and dunes, along with scores of water sports and activities. This is truly a significant property which is a must-see for anyone searching for a spectacular oceanfront residence in a perfectly located community.

Last Agent to Sell the Property

Henry Jaffe

(302) 296-6646 henry.jaffe@oasothebysrealty.com Monument Sotheby's International Realty Listed on: 07/08/2020

Monument Sotheby's International Realty

Last Buyer's Agent

Kathy Goodman

(302) 245-4096 kathygoodman@remax.net RE/MAX Coastal License #RS-0012034

RE/MAX Coastal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,897

Year Built

  • Built in 2001 | Remodeled in 2015

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 77.00 x 173.00
  • Ocean Front
  • Home fronts navigable water
  • Private Beach
  • Sandy Beach
  • West Facing Home
  • Back Yard Fenced
  • Landscaped
  • Extensive Hardscape
  • Interior Lot
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $125 Monthly HOA Fees

Property Views

  • Ocean
  • Bay
  • Panoramic

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Pitched Roof
  • Shake Roof
  • Cement Siding
  • Piling Construction
  • Stick Built Home
  • Copper Plumbing
  • Cedar

Interior Spaces

  • 4,582 Sq Ft Home
  • Property has 4 Levels
  • 1 Elevator
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Vaulted Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • French Doors
  • Family Room Off Kitchen
  • Attic

Kitchen

  • Double Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Home Security

  • Monitored
  • Exterior Cameras
  • Motion Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 4 Driveway Spaces
  • 1 Attached Carport Space
  • Surface Parking

Accessible Home Design

  • Accessible Elevator Installed

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows

Pool

  • Filtered Pool
  • In Ground Pool

Outdoor Features

  • Access to Tidal Water
  • Private Water Access
  • Property is near an ocean
  • Deck
  • Exterior Lighting

Schools

  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Heat Pump System
  • Back Up Gas Heat Pump System
  • Heating System Powered By Owned Propane
  • Underground Utilities
  • Propane
  • Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • Chancellery HOA
  • Built by Hoenen & Mitchell
  • Chancellery Subdivision
  • Property Manager

Listing and Financial Details

  • Assessor Parcel Number 334-23.10-24.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,897

Year Built

Built in 2001 | Remodeled in 2015

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Furnishings do not convey.
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 2020-07-08
  • Federal Flood Zone: No
  • Year Built: 2001
  • Year Renovated: 2015
  • Automatically Close On Close Date: No
  • Remarks Public: This spectacular oceanfront retreat, with panoramic views of the Atlantic Ocean, is the epitome of luxurious modern coastal elegance. Located in the exclusive community of The Chancellery, this extraordinary property features a 150' elevated boardwalk leading directly to a private beach. Gorgeous, scenic and relaxing vistas unfold each and every day from this home's expansive interior and exterior living spaces, in which no detail has been overlooked. At over 4,500 square feet, this exceptional residence showcases an airy, sun-filled open interior, which was fully remodeled with meticulous craftsmanship beginning in 2013. From the fully updated pool, custom hardwood floors throughout, Andersen windows and doors, custom built-in cabinetry, gourmet kitchen complete with Carrara marble countertops and backsplash, custom designer window treatments and glass-enclosed elevator, this home exudes refined coastal luxury. Modern smart home technology, such as remote thermostat control, lighting, and electronically-controlled window shades, provide easy living conveniences. Floor-to-ceiling doors off the great room's living space showcase a fully reconstructed, rear deck with plenty of room for dining al fresco and relaxing outdoors. The stainless-steel cable wire railings add a modern coastal touch and the private walkway is retrofitted with water and electric which extends to the beach. On the first floor, a large laundry room offers two separate full-size washers and dryers as well as ample storage space for all the beach toys and gear. For those who prefer a pool to the beach, enjoy the custom in-ground pool, situated directly behind the sandy dunes outside. The third floor offers an additional laundry room and the top level features a gorgeous sitting room with windows to the ocean and a separate bedroom and bath; which can easily function as a private in-law suite. Each of the five spacious bedrooms features an ensuite luxury bath, all of which have been fully remodeled with state-of-the-art appliances, radiant flooring, Grohe faucets, glass enclosed showers with stone flooring and floor-to-ceiling marble tiling. In a nod to the beauty of the outdoors, every bedroom also features a stunning ocean view, while the owner's bedroom includes a fireplace and access to the outdoor deck. In addition, this home boasts many more unseen upgrades, including three-zone heating and cooling, wireless speakers, Baldwin Kevo Bluetooth remote door locks and home security and monitoring system with cameras for peace of mind. A recently upgraded sodded front lawn, landscaping, irrigation system and a new 4th-floor deck offering gorgeous sunset bay views. The convenience of downtown Dewey and Rehoboth Beach with their stylish shops, gourmet restaurants, healthy outdoor activities, and live entertainment are within walking and biking distance; however, the private location of this residence offers unparalleled wildlife watching, with dolphin sightings and sea birds making frequent appearances. One of this area's beautiful and protected natural resources, the neighboring Seashore State Park, boasts over 2,800 acres of undeveloped beaches and dunes, along with scores of water sports and activities. This is truly a significant property which is a must-see for anyone searching for a spectacular oceanfront residence in a perfectly located community.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Extra Refrigerator/Freezer, Icemaker, Oven - Double, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Marble, Stone
  • Interior Amenities: Attic, Built-Ins, Crown Moldings, Elevator, Family Room Off Kitchen, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Skylight(s), Sprinkler System, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane, Energy Efficient
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French
  • Elevators Count: 1
  • Wall Ceiling Types: Vaulted Ceilings, 9'+ Ceilings, Dry Wall
  • Foundation Details: Pilings
  • Levels Count: 4
  • Room Count: 13
  • Basement: No
  • Laundry Type: Lower Floor, Upper Floor
  • Total Sq Ft: 4582
  • Living Area Sq Ft: 4582
  • Price Per Sq Ft: 1276.74
  • Above Grade Finished Sq Ft: 4582
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar, Cement Siding, Copper Plumbing, Stick Built
  • Exterior Features: Exterior Lighting, Extensive Hardscape, Private Beach
  • Pool Features: Filtered, In Ground
  • Road Surface Type: Paved
  • Roof: Shake, Pitched
  • Spa: No
  • View: Ocean, Bay, Panoramic, Water
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Open Parking Spaces Count: 3
  • Parking Features: Surface
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Attached Carport
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Bottled Gas
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric, Propane - Owned
  • Heating Type: Forced Air, Heat Pump - Gas Backup
  • Heating: Yes
  • Security: Electric Alarm, Exterior Cameras, Fire Detection System, Monitored, Motion Detectors, Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Water Available, Under Ground, Sewer Available, Propane
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Fiber Optic

Condo/Co-op/Association

  • HOA Fees: 1500.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: CHANCELLERY
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Horses: No
  • Fencing: Rear
  • Improvement Assessed Value: 73500.00
  • Land Assessed Value: 30800.00
  • Lot Features: Interior, Landscaping
  • Lot Size Acres: 0.31
  • Lot Dimensions: 77.00 x 173.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13321.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Soil Types: Sandy
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • In City Limits: No

Building Info

  • Builder Name: Hoenen & Mitchell

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5205665
  • School Tax: 4433.00
  • Tax Annual Amount: 4897.00
  • Assessor Parcel Number: 334-23.10-24.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/22/2020

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Schmidt Stephen and Schmidt Maia S
Bought by
Lyric Revocable Trust and Starboard Revocable Trust
Current Estimated Value
$2,652,984

Purchase Details

Listed on
Jul 8, 2020
Closed on
Sep 17, 2020
Sold by
Bradley Jeffrey and Bradley Rosalie
Bought by
Schmidt Stephen and Schmidt Maia S
Seller's Agent
Henry Jaffe
Monument Sotheby's International Realty
Buyer's Agent
Kathy Goodman
RE/MAX Coastal
List Price
$5,850,000
Sold Price
$5,500,000
Premium/Discount to List
-$350,000
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.49%
Original Mortgage
$3,850,000
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
May 24, 2013
Closed on
Aug 19, 2013
Sold by
Kampelman Jeffery W
Bought by
Bradley Jeffery and Bradley Rosalie
Seller's Agent
CHIQUI GAVILAN
Long & Foster Real Estate, Inc.
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$3,400,000
Sold Price
$3,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%
Original Mortgage
$2,400,000
Interest Rate
3.95%

Purchase Details

Listed on
May 24, 2013
Closed on
Jul 18, 2013
Sold by
Kampelman Jeffery W
Bought by
Bradley Jeffery and Bradley Rosalie
Seller's Agent
CHIQUI GAVILAN
Long & Foster Real Estate, Inc.
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$3,400,000
Sold Price
$3,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.95%
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
Lyric Revocable Trust -- None Listed On Document
Schmidt Stephen $5,500,000 None Available
Bradley Jeffery $3,400,000 --
Bradley Jeffery $3,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt Stephen $3,850,000
Previous Owner Bradley Jeffery $2,400,000
Previous Owner Bradley Jeffery $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2020 09/22/20 Sold $5,500,000 -6.0% $1,200 / Sq Ft
07/08/2020 07/08/20 For Sale $5,850,000 +6.4% $1,277 / Sq Ft
07/08/2020 07/08/20 Off Market $5,500,000 -- --
07/22/2013 07/22/13 Sold $3,400,000 0.0% $742 / Sq Ft
06/13/2013 06/13/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $3,400,000 -- $742 / 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 $8,436 $104,300 $30,800 $73,500
2024 $5,459 $104,300 $30,800 $73,500
2023 $5,455 $104,300 $30,800 $73,500
2022 $5,276 $104,300 $30,800 $73,500
2021 $5,230 $104,300 $30,800 $73,500
2020 $5,214 $104,300 $30,800 $73,500
2019 $5,200 $104,300 $30,800 $73,500
2018 $4,580 $104,300 $0 $0
2017 $4,386 $104,300 $0 $0
2016 $4,182 $104,300 $0 $0
2015 $3,997 $104,300 $0 $0
2014 $3,918 $104,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU163946

Bright MLS

APN: 334-23.10-24.00