NOT LISTED FOR SALE

21 Saulsbury St Dewey Beach, DE 19971

Estimated Value: $483,964 - $1,898,000

7 Beds
4 Baths
2,500 Sq Ft
$482/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $322,000 $129 Per Sq Ft

Est. 274% increase in value since last sale

Current estimated payment $6,500/month

Highlights

  • A-Frame Home
  • No HOA
  • Electric Baseboard Heater
  • Rehoboth Elementary School Rated A
  • Central Air

About This Home

As of February 2020

Do not miss this opportunity to purchase on the ocean block in Dewey Beach! Two homes on one property with a strong rental history and a NEWLY ACQUIRED 60 YEAR LAND LEASE make this property a special deal. The front house is a 5 Bed 3 Bath and the back house is a 2 Bed 1 Bath with vacation rental income averaging over 58K the past 3 years! Walk to the beach, bay, and everything Dewey Beach has to offer. The home is located across the street from the world famous Starboard Restaurant! Check out the awesome 3D tour to view from your computer or device! Land Lease starts at 24,584.00 annually.

Last Agent to Sell the Property

Jason Wilson

360 PROPERTY SOLUTIONS Listed on: 08/22/2019

Last Buyer's Agent

JOSEPH CHOMA

Berkshire Hathaway HomeServices PenFed Realty License #RS-0015525

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $558

Year Built

  • Built in 1973

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Land Lease of $24,584 per year expires in 59 years
  • Property is zoned TN

Parking

  • Driveway

Home Design

  • A-Frame Home
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 2,500 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

Location

  • Flood Risk

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

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

Community Details

  • No Home Owners Association
  • Rehoboth By The Sea Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 11
  • Assessor Parcel Number 334-20.14-239.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$558

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Land Lease
  • Exclusions: Contents of shed, owners closet, and miscellaneous artwork/ decor.
  • Inclusions: All Furniture
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Remarks Public: Do not miss this opportunity to purchase on the ocean block in Dewey Beach! Two homes on one property with a strong rental history and a NEWLY ACQUIRED 60 YEAR LAND LEASE make this property a special deal. The front house is a 5 Bed 3 Bath and the back house is a 2 Bed 1 Bath with vacation rental income averaging over 58K the past 3 years! Walk to the beach, bay, and everything Dewey Beach has to offer. The home is located across the street from the world famous Starboard Restaurant! Check out the awesome 3D tour to view from your computer or device! Land Lease starts at 24,584.00 annually.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 159.60
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Lease Amount: 24584.00
  • Land Lease Amt Freq: Annually
  • Land Lease Years Remaining: 59
  • Land Use Code: RH
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2018
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Total Actual Rent: 57000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5204263
  • School Tax: 444.00
  • Tax Annual Amount: 558.00
  • Assessor Parcel Number: 334-20.14-239.00
  • Tax Lot: 11
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 02/24/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2001
Bought by
Rehoboth By The Sea Realty Co
Current Estimated Value
$1,204,491
Source: Public Records

Range of Values:

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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
Rehoboth By The Sea Realty Co $293,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macey Susan G $257,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2020 02/24/20 Sold $322,000 -19.3% $129 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
11/27/2019 11/27/19 Price Changed $399,000 -5.0% $160 / Sq Ft
10/24/2019 10/24/19 Price Changed $420,000 -10.6% $168 / Sq Ft
08/22/2019 08/22/19 For Sale $469,900 -- $188 / 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
2024 $978 $11,250 $11,250 $0
2023 $978 $11,250 $11,250 $0
2022 $958 $11,250 $11,250 $0
2021 $953 $11,250 $11,250 $0
2020 $950 $11,250 $11,250 $0
2019 $923 $11,250 $11,250 $0
2018 $494 $11,250 $0 $0
2017 $473 $11,250 $0 $0
2016 $486 $11,250 $0 $0
2015 $466 $11,250 $0 $0
2014 $462 $11,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Wilson

    Seller's Agent in 2020

    Jason Wilson

    360 PROPERTY SOLUTIONS

    (760) 458-7546

    2 in this area

    8 Total Sales

    Jason Wilson
    Section Image
  • JOSEPH CHOMA

    Buyer's Agent in 2020

    JOSEPH CHOMA

    BHHS PenFed (actual)

    (302) 381-5602

    13 in this area

    36 Total Sales

    JOSEPH CHOMA
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU146778

Bright MLS

APN: 334-20.14-239.00

Delaware Sussex County Dewey Beach 19971

21 Saulsbury St, Dewey Beach, DE

This home is located at 21 Saulsbury St, Dewey Beach, DE 19971 since 22 August 2019 and is currently estimated at $1,204,491, approximately $481 per square foot. This property was built in 1973. 21 Saulsbury 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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