NOT LISTED FOR SALE

215 Philadelphia St Rehoboth Beach, DE 19971

Estimated Value: $2,110,444 - $3,255,000

11 Beds
6 Baths
1 Sq Ft
$2,586,611/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $1,250,000 $1,250,000 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $13,956/month

154 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Furnished
  • Rehoboth Elementary School Rated A
  • Main Floor Bedroom
  • 4-minute walk to Dune Nature Park

About This Home

As of March 2017

Investors take notice! Great South Rehoboth location, oversized lot, 4 rental licenses - all proven rental income producers! Just over 2 blocks to the ocean and boardwalk and just a couple of short blocks to Rehoboth Avenue. Many improvements in the last couple of years including a new roof, many new windows, and new HVAC. Refreshed inside as well with flooring, paint, appliances, new bathroom and kitchen fixtures. The front house is a duplex with 4BR/2BA on both the West and East sides - each with a screened front porch . Darling 2BR rear cottage with front porch. Storage garage with 1BR apartment upstairs with deck. Plenty of off street parking.

Last Agent to Sell the Property

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 08/27/2016

RE/MAX Realty Group Rehoboth

Co-Listed By

Cyndi Marsh

RE/MAX Realty Group Rehoboth License #RS-0016264

Last Buyer's Agent

Allen Jarmon

NextHome Tomorrow Realty License #RA-0002913

NextHome Tomorrow Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,092

Year Built

  • Built in 1950

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x184x53x164
  • Partially Fenced Property
  • Zoning described as TOWN CODES

Home Design

  • Cottage
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Main Floor Bedroom
  • 6 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Detached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.17-345.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,092

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1950
  • Remarks Public: Investors take notice! Great South Rehoboth location, oversized lot, 4 rental licenses - all proven rental income producers! Just over 2 blocks to the ocean and boardwalk and just a couple of short blocks to Rehoboth Avenue. Many improvements in the last couple of years including a new roof, many new windows, and new HVAC. Refreshed inside as well with flooring, paint, appliances, new bathroom and kitchen fixtures. The front house is a duplex with 4BR/2BA on both the West and East sides - each with a screened front porch . Darling 2BR rear cottage with front porch. Storage garage with 1BR apartment upstairs with deck. Plenty of off street parking.
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 3
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Partial
  • Living Area Units: Square Feet
  • Total Sq Ft: 1
  • Living Area Sq Ft: 1
  • Net Sq Ft: 1.00
  • Price Per Sq Ft: 1350000.00
  • Above Grade Finished Sq Ft: 1
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 215

Beds/Baths

  • Bedrooms: 11
  • Total Bathrooms: 6
  • Full Bathrooms: 6

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, Driveway, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Fencing: Partially
  • Lot Size Acres: 0.18
  • Lot Dimensions: 50X184X53X164
  • Lot Size Units: Acres
  • Lot Sq Ft: 7841.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning Description: TOWN CODES

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 130000.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196782
  • Assessor Parcel Number: 334-14.17-345.00
  • County Tax Payment Frequency: Annually
  • Close Date: 03/03/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2016
Closed on
Mar 3, 2017
Sold by
Cerva Christine and Cerva Donald
Bought by
Raver Jeffrey A and Gulick Matthew T
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Allen Jarmon
NextHome Tomorrow Realty
List Price
$1,490,000
Sold Price
$1,250,000
Premium/Discount to List
-$240,000
-16.11%
Current Estimated Value
$2,510,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,260,463
Avg. Annual Appreciation
8.27%
Original Mortgage
$815,000
Outstanding Balance
$684,231
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$1,755,712

Purchase Details

Listed on
Feb 1, 2014
Closed on
May 15, 2015
Sold by
Ruth Ruth and Morris Ruth E
Bought by
Cerva Donald and Cerva Christine
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Source: Public Records

Range of Values:

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Average Value
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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
Raver Jeffrey A $1,250,000 None Available
Cerva Donald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raver Jeffrey A $815,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $1,250,000 -16.1% $1,250,000 / Sq Ft
01/28/2017 01/28/17 Pending -- -- --
08/27/2016 08/27/16 For Sale $1,490,000 +49.0% $1,490,000 / Sq Ft
05/15/2015 05/15/15 Sold $1,000,000 0.0% --
04/13/2015 04/13/15 Pending -- -- --
02/01/2014 02/01/14 For Sale $1,000,000 -- --
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
2024 $1,092 $22,150 $8,300 $13,850
2023 $1,091 $22,150 $8,300 $13,850
2022 $1,053 $22,150 $8,300 $13,850
2021 $1,043 $22,150 $8,300 $13,850
2020 $1,040 $22,150 $8,300 $13,850
2019 $1,041 $22,150 $8,300 $13,850
2018 $973 $22,150 $0 $0
2017 $931 $22,150 $0 $0
2016 $885 $22,150 $0 $0
2015 $845 $22,150 $0 $0
2014 $839 $22,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2017

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    285 in this area

    863 Total Sales

    Section Image
  • Cyndi Marsh

    Seller Co-Listing Agent in 2017

    Cyndi Marsh

    RE/MAX

    (302) 363-5734

    31 in this area

    78 Total Sales

    Section Image
  • Allen Jarmon

    Buyer's Agent in 2017

    Allen Jarmon

    NextHome Tomorrow Realty

    (302) 745-5122

    38 in this area

    80 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001021298

Bright MLS

APN: 334-14.17-345.00

Delaware Sussex County Rehoboth Beach 19971

215 Philadelphia St, Rehoboth Beach, DE

This home is located at 215 Philadelphia St, Rehoboth Beach, DE 19971 since 27 August 2016 and is currently estimated at $2,586,611, approximately $2,586,611 per square foot. This property was built in 1950. 215 Philadelphia 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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