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
4
Beds
3.5
Baths
2,680
Sq Ft
0.25
Acres
Highlights
- Coastal Architecture
- Deck
- Cathedral Ceiling
- Rehoboth Elementary School Rated A
- Partially Wooded Lot
- Wood Flooring
About This Home
As of April 2023This four bedroom 3.5 bath homes is located in Pine Bay. This private residential community of 95 single custom single family homes, with a low HOA fee, is situated adjacent to Rehoboth Bay, and the Thompson Island State Nature Preserve. The home is accented by crown molding with hardwood and tile flooring in most areas. The first floor heated by propane with central air includes a spacious inviting foyer, a flex room that could be an office, sitting, music or formal dining room; a well-appointed kitchen with stainless appliances, under cabinet lighting, granite , a pantry, and bar seating; a breakfast room that exits to a massive deck and screened porch overlooking an irrigated yard, and a great room centered by a gas fireplace. This layout is ideal for entertaining beach guests and family gatherings. You will enjoy the spacious first floor master with an en suite bath that features dual vanities, a whirlpool tub and walk-in benched steam shower. Two water heaters service the home. A powder room and laundry room complete this first floor of this home. The family room stairs lead to the second floor, serviced by a heat pump, that provides 3 additional bedrooms and two full baths. The attached Two car garage has a wheel chair ramp installed. Residents of Pine Bay enjoy the secluded wooded location that is an easy bike ride or walk to the Atlantic Ocean surf and to Rehoboth and Dewey Beach attractions. The community provides a private pool with sundeck, tranquil freshwater ponds that are stocked with fish, and well maintained and lighted streets. More community information is available at http://pinebay.net/ Please call your agent today to schedule an appointment before this one is gone!
Last Agent to Sell the Property
(302) 745-0826 cynthia.daniel@longandfoster.com Jack Lingo - Rehoboth License #RS-0013896 Listed on: 08/01/2020
Co-Listed By
(302) 245-6646 susannah@lnf.com Long & Foster Real Estate, Inc. License #RS-0015236
Last Buyer's Agent
(302) 381-2268 joe@maggiorealty.com Dave McCarthy & Associates, Inc. License #RA-0020900
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,631
Year Built
- Built in 2003
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 87.00 x 128.00
- Landscaped
- Sprinkler System
- Partially Wooded Lot
- Property is in excellent condition
- Property is zoned MR
HOA Fees
- $60 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 4 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
Home Design
- Coastal Architecture
- Shingle Roof
- Stone Siding
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Crown Molding
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Great Room
- Family Room Off Kitchen
- Formal Dining Room
- Screened Porch
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Breakfast Room
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Partially Carpeted
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Whirlpool Bathtub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
Outdoor Features
- Deck
- Screened Patio
- Exterior Lighting
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Heating System Powered By Leased Propane
- Vented Exhaust Fan
- 220 Volts
- 60 Gallon+ Water Heater
Additional Features
- Ramp on the main level
- Flood Risk
Listing and Financial Details
- Tax Lot 79
- Assessor Parcel Number 334-20.00-81.00
Community Details
Overview
- $500 Capital Contribution Fee
- Association fees include pool(s), road maintenance, trash
- $340 Other One-Time Fees
- (Pbhoa) Tony Hruza President HOA, Phone Number (412) 400-3189
- Pine Bay Subdivision
Amenities
- Common Area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,420,000 | None Listed On Document | |
| Deed | $725,000 | None Available | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,136,000 | New Conventional | |
| Previous Owner | $225,000 | Adjustable Rate Mortgage/ARM |
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: DESU165626
APN: 334-20.00-81.00
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