$1,000,000
SOLD MAY 15, 2015

215 Philadelphia St Rehoboth Beach, DE 19971

11 Beds
6 Baths
-- Sq Ft
7,841 Sq Ft Lot

Recently Sold

Highlights

  • Attic
  • No HOA
  • Central Air
  • Rehoboth Elementary School Rated A
  • Cottage
  • 4-minute walk to Dune Nature Park

About This Home

As of March 2017

South Rehoboth Investor Alert - oversized lot with 4 units. Just 2.5 blocks to the ocean and boardwalk and a couple of short blocks to Rehoboth Avenue. Front house is a duplex with 3 levels and 4BRS each. Darling rear 2BR cottage and 1BR apartment over garage.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 02/01/2014

RE/MAX Realty Group Rehoboth

Co-Listed By

Cyndi Marsh

(302) 363-5734 cyndi@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0016264

Last Buyer's Agent

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 02/01/2014

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,196

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x165x54x148

Home Design

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

Interior Spaces

  • Property has 3 Levels
  • Attic

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.17-345.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,196

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
  • New Construction: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Attic
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 3
  • Levels Count: 3+
  • Basement: No

Beds/Baths

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

Exterior Features

  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 920.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1600.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 50x165x54x148
  • Lot Size Units: Acres
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 54300.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196782
  • Tax Annual Amount: 1196.00
  • Assessor Parcel Number: 334-14.17-345.00
  • County Tax Payment Frequency: Annually
  • Close Date: 05/15/2015

Multi Family

  • Income Expense List: Total Tax Bill

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
$2,532,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,282,676
Avg. Annual Appreciation
8.14%
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
Not Available
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 Type Sale Price Title Company
Deed $1,250,000 None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $815,000 New Conventional
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

    274 in this area

    838 Total Sales

    DEBBIE REED
    Section Image
  • Cyndi Marsh

    Seller Co-Listing Agent in 2017

    Cyndi Marsh

    RE/MAX

    (302) 363-5734

    26 in this area

    73 Total Sales

    Cyndi Marsh
    Section Image
  • Allen Jarmon

    Buyer's Agent in 2017

    Allen Jarmon

    NextHome Tomorrow Realty

    (302) 745-5122

    35 in this area

    76 Total Sales

    Allen Jarmon
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000979578

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 and is currently priced at $1,000,000. 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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