Seller's Agent in 2024
Joe Reed
Cape Realty
(302) 430-4060
10 in this area
21 Total Sales
22 Cedar Rd Rehoboth Beach, DE 19971
0.21
Acre
$8,452,381
Price per Acre
9,148
Sq Ft Lot
Highlights
- Building is oceanfront but unit may not have water views
- Rehoboth Elementary School Rated A
- Wooded Lot
About This Lot
As of November 2024Prime oceanblock lot in North Shores. Large 75' x 125' wooded lot located just 10 houses from the pristine, private beaches of North Shores. Community recreational facilities include a spectacular pool, tennis courts, clubhouse, marina and security. Private residential setting and yet just a short walk or bike ride to the beaches, Rehoboth Boardwalk, many fine restaurants, shopping, Funland, entertainment, Cape Henlopen State Park trails, and much more. Additional community information available at northshores.net. Existing home to be demolished or donated. Opportunity for tax deduction if donated or deconstructed by non-profit.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,512
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 75.00 x 125.00
- Building is oceanfront but unit may not have water views
- Wooded Lot
- Property is zoned AR-1
HOA Fees
- $233 Monthly HOA Fees
Additional Features
- Flood Risk
- 100 Amp Service
Community Details
- North Shores Subdivision
Listing and Financial Details
- Assessor Parcel Number 334-14.05-71.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2024
Closed on
Nov 5, 2024
Sold by
Revocable Trust Agreement Of Patricia A and Sheehan Charles E
Bought by
Deramo Dominick and Deramo Karen
Seller's Agent
Joe Reed
Cape Realty
Buyer's Agent
Shaun Tull
Jack Lingo - Rehoboth
List Price
$1,875,000
Sold Price
$1,775,000
Premium/Discount to List
-$100,000
-5.33%
Views
24
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
$130,500
Avg. Annual Appreciation
11.92%
Original Mortgage
$500,000
Outstanding Balance
$497,524
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$1,407,976
Purchase Details
Closed on
Apr 9, 2010
Bought by
Rivas Patricia A (Trustee)
Purchase Details
Closed on
Mar 29, 2010
Bought by
Rivas Patricia A (Trustee)
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 | $1,775,000 | None Listed On Document | |
| Deed | $1,775,000 | None Listed On Document | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional | |
| Closed | $500,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $1,775,000 | -5.3% | -- |
| 10/01/2024 10/01/24 | Price Changed | $1,875,000 | 0.0% | -- |
| 10/01/2024 10/01/24 | For Sale | $1,875,000 | -1.3% | -- |
| 09/19/2024 09/19/24 | Off Market | $1,899,000 | -- | -- |
| 08/28/2024 08/28/24 | Price Changed | $1,899,000 | 0.0% | -- |
| 08/28/2024 08/28/24 | For Sale | $1,899,000 | -4.8% | -- |
| 07/27/2024 07/27/24 | Off Market | $1,995,000 | -- | -- |
| 07/14/2024 07/14/24 | Price Changed | $1,995,000 | -4.8% | -- |
| 07/13/2024 07/13/24 | For Sale | $2,095,000 | 0.0% | -- |
| 05/28/2024 05/28/24 | Off Market | $2,095,000 | -- | -- |
| 05/27/2024 05/27/24 | Price Changed | $2,095,000 | -8.7% | -- |
| 05/24/2024 05/24/24 | For Sale | $2,295,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $1,513 | $30,700 | $11,250 | $19,450 |
| 2023 | $1,512 | $30,700 | $11,250 | $19,450 |
| 2022 | $1,459 | $30,700 | $11,250 | $19,450 |
| 2021 | $1,446 | $30,700 | $11,250 | $19,450 |
| 2020 | $1,441 | $30,700 | $11,250 | $19,450 |
| 2019 | $1,443 | $30,700 | $11,250 | $19,450 |
| 2018 | $1,348 | $30,700 | $0 | $0 |
| 2017 | $1,291 | $30,700 | $0 | $0 |
| 2016 | $1,226 | $30,700 | $0 | $0 |
| 2015 | $1,172 | $30,700 | $0 | $0 |
| 2014 | $1,163 | $30,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Reed
-
Brent Reed
Seller Co-Listing Agent in 2024
Brent Reed
Cape Realty
(302) 265-7400
11 in this area
58 Total Sales
-
Shaun Tull
Buyer's Agent in 2024
Shaun Tull
Jack Lingo - Rehoboth
(302) 226-6417
183 in this area
299 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2063300
APN: 334-14.05-71.00
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