NOT LISTED FOR SALE

21040 Red Cedar Ln Unit 113 Rehoboth Beach, DE 19971

Estimated Value: $484,817 - $1,023,000

5 Beds
3.5 Baths
3,995 Sq Ft
$200/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $819,154 $205 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,550/month

Highlights

  • Fitness Center
  • New Construction
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Gourmet Kitchen
  • Coastal Architecture

About This Home

As of February 2022

Arbor-Lyn is a local's dream: Perfectly placed just minutes away from all that Rehoboth and Lewes have to offer. Travel like a local and enjoy easy access to local restaurants, grocery stores and shopping without ever going on any major roads. This low-maintenance community includes an option for a basement for every home on every lot, and a wide variety of new home floor plans to choose from, extensively personalized to fit you and your family's needs. This will truly be a unique living experience for all that are looking forward to taking advantage of being just tucked away off the beaten path of Americas favorite beach.To Be Built. The Lilac is a 4-bedroom, 2.5 bath single family home starting at 2,431 heated sq ft. This home has an open kitchen, dining area, and great room along with the owner s suite and flex room on the 1st floor. The 2nd floor has 3 bedrooms, loft area and an unfinished bonus room over the garage. Additional options available to personalize this home including a second owner s suite, screened porch, sunroom. At Arbor Lyn, location truly is everything! Shopping, bars, restaurants, and everything in between less than 1 mile away and Rehoboth Beach just 4 miles from toes in the sand, Arbor Lyn will provide a great atmosphere for both full time residents and those looking for a beach home. Current Incentives: $10,000 off Base Price, Seller pays 1/2 of Delaware transfer tax at settlement. On-site salespeople represent the seller only.

Last Agent to Sell the Property

Daniel Lusk

(202) 412-8885 daniel@mccormickandlusk.com McWilliams/Ballard, Inc. License #RA-0020195 Listed on: 03/29/2021

McWilliams/Ballard, Inc.

Last Buyer's Agent

Luke Thompson

(302) 500-1176 luke@theoldfathergroup.com Compass License #RS-0036397

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,798

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $145 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Spray Foam Insulation
  • Blown-In Insulation
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • Property has 3 Levels
  • Elevator
  • Open Floorplan
  • Crown Molding
  • Recessed Lighting
  • Gas Fireplace
  • Family Room Off Kitchen

Kitchen

  • Gourmet Kitchen
  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Heated Basement
  • Connecting Stairway
  • Interior Basement Entry
  • Sump Pump
  • Basement with some natural light

Accessible Home Design

  • Doors swing in
  • Doors with lever handles
  • Level Entry For Accessibility

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 334-12.00-127.02

Community Details

Overview

  • $1,500 Capital Contribution Fee
  • Association fees include common area maintenance, health club, insurance, lawn maintenance, management, pool(s), reserve funds, snow removal, trash
  • Built by Schell Brothers
  • Arbor Lyn Subdivision, Lilac Floorplan
  • Property Manager

Amenities

  • Common Area
  • Community Center

Recreation

  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,798

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$145 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Doors - Lever Handle(s), Doors - Swing In, Level Entry - Main
  • Ownership: Condominium
  • Home Warranty: Yes
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Arbor-Lyn is a local's dream: Perfectly placed just minutes away from all that Rehoboth and Lewes have to offer. Travel like a local and enjoy easy access to local restaurants, grocery stores and shopping without ever going on any major roads. This low-maintenance community includes an option for a basement for every home on every lot, and a wide variety of new home floor plans to choose from, extensively personalized to fit you and your family's needs. This will truly be a unique living experience for all that are looking forward to taking advantage of being just tucked away off the beaten path of Americas favorite beach.To Be Built. The Lilac is a 4-bedroom, 2.5 bath single family home starting at 2,431 heated sq ft. This home has an open kitchen, dining area, and great room along with the owner s suite and flex room on the 1st floor. The 2nd floor has 3 bedrooms, loft area and an unfinished bonus room over the garage. Additional options available to personalize this home including a second owner s suite, screened porch, sunroom. At Arbor Lyn, location truly is everything! Shopping, bars, restaurants, and everything in between less than 1 mile away and Rehoboth Beach just 4 miles from toes in the sand, Arbor Lyn will provide a great atmosphere for both full time residents and those looking for a beach home. Current Incentives: $10,000 off Base Price, Seller pays 1/2 of Delaware transfer tax at settlement. On-site salespeople represent the seller only.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Exhaust Fan, Icemaker, Oven - Wall, Refrigerator, Washer/Dryer Hookups Only, Water Heater - Tankless
  • Entry Floor: 1
  • Interior Amenities: Carpet, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Soaking Tub, Stall Shower, Tub Shower, Walk-In Closet(s), Pantry, Wood Floors, Elevator
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial, Heated, Interior Access, Sump Pump, Unfinished
  • Basement Footprint Percent: 100.00
  • Laundry Type: Main Floor, Hookup
  • Total Sq Ft: 4463
  • Living Area Sq Ft: 3995
  • Price Per Sq Ft: 240.10
  • Above Grade Finished Sq Ft: 2914
  • Below Grade Finished Sq Ft: 1081
  • Below Grade Sq Ft: 468
  • Total Below Grade Sq Ft: 1549
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21040

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Blown-In Insulation, Spray Foam Insulation, Stick Built, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Exterior Lighting, Lawn Sprinkler, Sidewalks, Street Lights
  • Road Surface Type: Black Top
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Inside Access, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Water Sewer Hookup Fee: 7347.80
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 145.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Arbor-Lyn
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Fitness Center, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Health Club, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Snow Removal, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1500.00

Schools

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

Lot Info

  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: No

Building Info

  • Builder Name: Schell Brothers

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5189899
  • Assessor Parcel Number: 334-12.00-127.02
  • Close Date: 02/25/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Feb 25, 2022
Sold by
Arbor Lynn Rehoboth Beach Llc
Bought by
Puente Marni L and Puente Celso
Seller's Agent
Daniel Lusk
McWilliams/Ballard, Inc.
Buyer's Agent
Luke Thompson
Compass
List Price
$699,664
Sold Price
$819,155
Premium/Discount to List
$119,491
17.08%
Current Estimated Value
$799,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,701
Avg. Annual Appreciation
-0.68%
Original Mortgage
$722,000
Outstanding Balance
$671,707
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$127,747
Source: Public Records

Range of Values:

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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
Puente Marni L $819,154 Tunnell & Raysor Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Puente Marni L $722,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $819,155 +17.1% $205 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $699,664 -- $175 / 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 $1,798 $0 $0 $0
2024 $2,090 $0 $0 $0
2023 $2,105 $0 $0 $0
2022 $2,077 $0 $0 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Lusk

    Seller's Agent in 2022

    Daniel Lusk

    McWilliams/Ballard, Inc.

    (202) 412-8885

    180 in this area

    242 Total Sales

    Daniel Lusk
    Section Image
  • Luke Thompson

    Buyer's Agent in 2022

    Luke Thompson

    Compass

    (302) 500-1176

    4 in this area

    72 Total Sales

    Luke Thompson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU180068

Bright MLS

APN: 334-12.00-127.02-113

Delaware Sussex County Rehoboth Beach 19971

21040 Red Cedar Ln Unit 113, Rehoboth Beach, DE

This home is located at 21040 Red Cedar Ln Unit 113, Rehoboth Beach, DE 19971 since 29 March 2021 and is currently estimated at $799,454, approximately $200 per square foot. This property was built in 2022. 21040 Red Cedar Ln Unit 113 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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