NOT LISTED FOR SALE

221 New Castle St Rehoboth Beach, DE 19971

Estimated Value: $577,871 - $3,483,000

5 Beds
2 Baths
1,800 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold September 13, 2018

Last sale price $1,125,000 $625 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $10,048/month

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 2018

The 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.

Last Agent to Sell the Property

Rhonda Frick

(302) 236-1456 rhonda@rhondafrick.com Long & Foster Real Estate, Inc. Listed on: 06/29/2018

Long & Foster Real Estate, Inc.

Co-Listed By

Bethany Frick

(302) 519-7476 bethany@rhondafrick.com Long & Foster Real Estate, Inc. License #RS-0022444

Last Buyer's Agent

Kim Hamer

(302) 745-9914 kim.hamer@oasir.net Monument Sotheby's International Realty License #RS-0013968

Monument Sotheby's International Realty

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,024

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Salt Box
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits, Doors - Swing In, Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Select furniture pieces (currently marked). List to be provided by seller.
  • Historic: No
  • Home Warranty: No
  • Inclusions: Fully furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2018-06-29
  • Federal Flood Zone: Yes
  • Year Built: 1938
  • Remarks Public: The 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.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Instant Hot Water, Microwave, Refrigerator, Stove, Washer, Water Heater - Tankless
  • Flooring Type: Hardwood, Vinyl
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Traditional, Kitchen - Country, Kitchen - Eat-In, Stall Shower, Upgraded Countertops, Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Interior Access, Partial, Unfinished
  • Laundry Type: Basement, Has Laundry
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 693.89
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 221

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asbestos, Stick Built
  • Construction Completed: No
  • Exterior Features: Lawn Sprinkler, Outside Shower
  • Roof: Architectural Shingle
  • Spa: No
  • View: Garden/Lawn
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Instant Hot Water
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Board, Fully, Picket, Rear
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4996.00
  • Outdoor Living Structures: Balcony, Patio(s)
  • Property Condition: Very Good
  • Zoning: Q
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5202429
  • School Tax: 602.00
  • Tax Annual Amount: 1024.00
  • Assessor Parcel Number: 334-20.05-186.00
  • Tax Lot: -186.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/13/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

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%
Current Estimated Value
$1,816,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$691,468
Avg. Annual Appreciation
7.03%
Original Mortgage
$900,000
Outstanding Balance
$775,870
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,040,598

Purchase Details

Closed on
Jun 3, 2003
Bought by
Ellis Bernard D
Source: Public Records

Range of Values:

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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 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
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

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
2025 $5,003 $16,000 $8,750 $7,250
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

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Map

Source: Bright MLS

MLS Number: 1001898934

Bright MLS

APN: 334-20.05-186.00