Seller's Agent in 2023
Joseph Maggio
Dave McCarthy & Associates, Inc.
(302) 381-2268
41 in this area
101 Total Sales
22 Bay Reach Rehoboth Beach, DE 19971
Estimated Value: $1,473,000 - $1,707,000
4
Beds
3.5
Baths
2,680
Sq Ft
$599/Sq Ft
Est. Value
Highlights
- Gourmet Kitchen
- Open Floorplan
- Coastal Architecture
- Rehoboth Elementary School Rated A
- Lake Privileges
- Wood Flooring
About This Home
As of April 2023Welcome to Pine Bay! This home is located just five blocks to the ocean. Welcoming open floor plan with a new beautiful kitchen with large island and quartz countertops with plenty of cabinets for storage. Dining area and great room adjacent to kitchen makes this a Perfect home for entertaining. Master bedroom and bath situated on the first floor. 3 additional bedrooms with 2 full baths comprise the 2nd floor of this beautiful home. In 2021 the owners replaced the siding & roof along with beautiful new garage doors, high efficiency HVAC, a tankless Rinnai hot water heater, the kitchen was completely remodeled, along with hardwood flooring and the entire house was painted. In 2022 the crawlspace was full encapsulated with a dehumidifier & new master closet. Attached 2 car garage allows or more storage and with pull down stairs there's plenty more storage above the garage. Also this home Smart LED lighting throughout the first floor that can be controlled by voice / remotely. Enjoy outdoor living on the recently updated deck railings and dinner in the screened porch. Community pool is just a 3 minute walk down the street as well! Pine Bay is an easy walk or bike to the beach or area restaurants and convenient to both Dewey and Rehoboth attractions. Pine Bay community hosts a wonderful July 4th parade and community gatherings at the pool. Start living the beach life today!
Last Agent to Sell the Property
(302) 381-2268 joe@maggiorealty.com Dave McCarthy & Associates, Inc. License #RA-0020900 Listed on: 02/06/2023
Co-Listed By
(302) 381-1071 kimhitchens@reinrb.com Dave McCarthy & Associates, Inc. License #RS-0014663
Last Buyer's Agent
(302) 841-0797 babs@sellingdelawarehomes.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,652
Year Built
- Built in 2003
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 87.00 x 128.00
- Property is in excellent condition
- Property is zoned MR
HOA Fees
- $75 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 4 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
Home Design
- Coastal Architecture
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,680 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Ceiling Fan
- Recessed Lighting
- 1 Fireplace
- Window Treatments
- Dining Area
- Crawl Space
Kitchen
- Gourmet Kitchen
- Double Self-Cleaning Oven
- Six Burner Stove
- Cooktop
- Built-In Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Wine Rack
- Disposal
- Instant Hot Water
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- Walk-In Closet
- Soaking Tub
- Walk-in Shower
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Powered By Leased Propane
- Vented Exhaust Fan
- Tankless Water Heater
Additional Features
- Energy-Efficient Appliances
- Lake Privileges
Listing and Financial Details
- Tax Lot 79
- Assessor Parcel Number 334-20.00-81.00
Community Details
Overview
- $1,000 Capital Contribution Fee
- Association fees include common area maintenance, pool(s), reserve funds, road maintenance, snow removal
- Pine Bay Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2023
Closed on
Apr 28, 2023
Sold by
Nathan Ryan Edwin
Bought by
Andrea Backman Revocable Trust
Seller's Agent
Joseph Maggio
Dave McCarthy & Associates, Inc.
Buyer's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,489,000
Sold Price
$1,420,000
Premium/Discount to List
-$69,000
-4.63%
Views
143
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,639
Avg. Annual Appreciation
5.19%
Original Mortgage
$1,136,000
Outstanding Balance
$1,105,602
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$500,037
Purchase Details
Listed on
Aug 1, 2020
Closed on
Oct 8, 2020
Sold by
Trena S Kelly Ret
Bought by
Nathan Ryan E and Muniz Emmanoele
Seller's Agent
Cynthia Daniel
Jack Lingo - Rehoboth
Buyer's Agent
Joseph Maggio
Dave McCarthy & Associates, Inc.
List Price
$799,000
Sold Price
$725,000
Premium/Discount to List
-$74,000
-9.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.57%
Original Mortgage
$225,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jul 17, 2019
Sold by
Kelley Trena S
Bought by
Trena S Kelly Ret
Purchase Details
Closed on
Aug 20, 2018
Sold by
Robert S Kelly Ft
Bought by
Kelly Robert S and Kelly Trena S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Andrea Backman Revocable Trust | $1,420,000 | None Listed On Document | |
| Nathan Ryan E | $725,000 | None Available | |
| Trena S Kelly Ret | -- | -- | |
| Kelly Robert S | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Andrea Backman Revocable Trust | $1,136,000 | |
| Previous Owner | Nathan Ryan E | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2023 04/28/23 | Sold | $1,420,000 | -4.6% | $530 / Sq Ft |
| 02/06/2023 02/06/23 | For Sale | $1,489,000 | +105.4% | $556 / Sq Ft |
| 10/22/2020 10/22/20 | Sold | $725,000 | -4.5% | $271 / Sq Ft |
| 09/27/2020 09/27/20 | Pending | -- | -- | -- |
| 09/17/2020 09/17/20 | Price Changed | $759,000 | -2.1% | $283 / Sq Ft |
| 09/11/2020 09/11/20 | Price Changed | $774,900 | -3.0% | $289 / Sq Ft |
| 09/02/2020 09/02/20 | For Sale | $799,000 | +10.2% | $298 / Sq Ft |
| 08/24/2020 08/24/20 | Off Market | $725,000 | -- | -- |
| 08/01/2020 08/01/20 | For Sale | $799,000 | -- | $298 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,180 | $34,750 | $7,100 | $27,650 |
| 2024 | $2,031 | $34,750 | $7,100 | $27,650 |
| 2023 | $2,030 | $34,750 | $7,100 | $27,650 |
| 2022 | $1,970 | $34,750 | $7,100 | $27,650 |
| 2021 | $1,955 | $34,750 | $7,100 | $27,650 |
| 2020 | $1,949 | $34,750 | $7,100 | $27,650 |
| 2019 | $1,930 | $34,750 | $7,100 | $27,650 |
| 2018 | $1,526 | $34,750 | $0 | $0 |
| 2017 | $1,461 | $34,750 | $0 | $0 |
| 2016 | $1,406 | $34,750 | $0 | $0 |
| 2015 | $1,345 | $34,750 | $0 | $0 |
| 2014 | $1,335 | $34,750 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Maggio
-
Kim Hitchens
Seller Co-Listing Agent in 2023
Kim Hitchens
Dave McCarthy & Associates, Inc.
(302) 381-1071
29 in this area
98 Total Sales
-
Babs Morales
Buyer's Agent in 2023
Babs Morales
BHHS PenFed (actual)
(302) 841-0797
33 in this area
50 Total Sales
-
Cynthia Daniel
Seller's Agent in 2020
Cynthia Daniel
Jack Lingo - Rehoboth
(302) 745-0826
14 in this area
36 Total Sales
-
Susannah Griffin
Seller Co-Listing Agent in 2020
Susannah Griffin
Long & Foster
(302) 245-6646
21 in this area
70 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2035610
APN: 334-20.00-81.00
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