221 New Castle St Rehoboth Beach, DE 19971
Estimated Value: $688,970 - $3,127,000
5
Beds
2
Baths
1,800
Sq Ft
$1,007/Sq Ft
Est. Value
Highlights
- Water Oriented
- Saltbox Architecture
- Wood Flooring
- Rehoboth Elementary School Rated A
- Traditional Floor Plan
- 2-minute walk to Stockley St Playground
About This Home
As of September 2018The quintessential Rehoboth beach house is now available! Charming from the outside and full of space on the inside, this beach retreat boasts 5 bedrooms and 2 baths. Step inside to find hardwood floors throughout, exposed beams for added character, a wood burning fireplace for chilly nights, a bright white kitchen filled with natural light and featuring granite counter tops and a spacious dining area, and 2 bedrooms and a full bath on the first floor. On the second floor you will find three additional bedrooms and a remodeled bath, all with abundant natural light. Step out onto the balcony for a relaxing evening overlooking the tranquil yard, or relax on the screened porch with Vinyl Tech windows, allowing you maximum enjoyment year-round. There is ample storage in the second floor storage closet or in the partial basement. The fully fenced back yard is the perfect oasis for a quiet evening in or to have gatherings with friends. Centrally located to all the area has to offer, you are just 2.5 blocks to the beach, walking distance to Rehoboth Ave for shopping, dining, and more, and just a stone's throw from the popular Tanger Outlets and historic Lewes. Offered fully furnished, this charm-filled beach house is ready to be your summer retreat, or would make a fantastic seasonal rental property.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,024
Year Built
- Built in 1938
Lot Details
- 4,996 Sq Ft Lot
- South Facing Home
- Picket Fence
- Back Yard Fenced
- Board Fence
- Sprinkler System
- Property is in very good condition
Home Design
- Saltbox Architecture
- Architectural Shingle Roof
- Asbestos
- Stick Built Home
Interior Spaces
- 1,800 Sq Ft Home
- Property has 2 Levels
- Traditional Floor Plan
- Furnished
- Beamed Ceilings
- Wood Burning Fireplace
- Combination Kitchen and Dining Room
- Garden Views
Kitchen
- Eat-In Country Kitchen
- Breakfast Area or Nook
- Stove
- Microwave
- Extra Refrigerator or Freezer
- Dishwasher
- Upgraded Countertops
- Disposal
- Instant Hot Water
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- Walk-in Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Partial Basement
- Interior Basement Entry
- Laundry in Basement
Parking
- Driveway
- Off-Street Parking
Accessible Home Design
- Doors swing in
- More Than Two Accessible Exits
- Level Entry For Accessibility
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Balcony
- Patio
Location
- Flood Risk
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Oil
- Vented Exhaust Fan
- Tankless Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- South Rehoboth Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot -186.00
- Assessor Parcel Number 334-20.05-186.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2018
Closed on
Sep 13, 2018
Sold by
Ellis Bernard D
Bought by
Joseph F Ciminelli Ret
Seller's Agent
Rhonda Frick
Long & Foster Real Estate, Inc.
Buyer's Agent
Kim Hamer
Monument Sotheby's International Realty
List Price
$1,249,000
Sold Price
$1,125,000
Premium/Discount to List
-$124,000
-9.93%
Total Days on Market
35
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
$687,243
Avg. Annual Appreciation
7.34%
Original Mortgage
$900,000
Outstanding Balance
$782,707
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,029,536
Purchase Details
Closed on
Jun 3, 2003
Bought by
Ellis Bernard D
Similar Homes in Rehoboth Beach, DE
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Joseph F Ciminelli Ret | $1,125,000 | -- | |
| Ellis Bernard D | $749,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Joseph F Ciminelli Ret | $900,000 | |
| Previous Owner | Ellis Bernard D | $399,690 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2018 09/13/18 | Sold | $1,125,000 | -9.9% | $625 / Sq Ft |
| 08/03/2018 08/03/18 | Pending | -- | -- | -- |
| 06/29/2018 06/29/18 | For Sale | $1,249,000 | -- | $694 / 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 |
|---|---|---|---|---|
| 2024 | $2,119 | $16,000 | $8,750 | $7,250 |
| 2023 | $2,118 | $16,000 | $8,750 | $7,250 |
| 2022 | $2,044 | $16,000 | $8,750 | $7,250 |
| 2021 | $2,025 | $16,000 | $8,750 | $7,250 |
| 2020 | $2,019 | $16,000 | $8,750 | $7,250 |
| 2019 | $752 | $16,000 | $8,750 | $7,250 |
| 2018 | $703 | $16,000 | $0 | $0 |
| 2017 | $673 | $16,000 | $0 | $0 |
| 2016 | $639 | $16,000 | $0 | $0 |
| 2015 | $611 | $16,000 | $0 | $0 |
| 2014 | $606 | $16,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Rhonda Frick
Seller's Agent in 2018
Rhonda Frick
Long & Foster
(302) 236-1456
3 in this area
134 Total Sales
-
Bethany Frick
B
Seller Co-Listing Agent in 2018
Bethany Frick
Long & Foster
(302) 519-7476
1 in this area
80 Total Sales
-
Kim Hamer
Buyer's Agent in 2018
Kim Hamer
OCEAN ATLANTIC SOTHEBYS
(302) 745-9914
102 in this area
297 Total Sales
Map
Source: Bright MLS
MLS Number: 1001898934
APN: 334-20.05-186.00
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