NOT LISTED FOR SALE

221 Philadelphia St Rehoboth Beach, DE 19971

Estimated Value: $660,747 - $2,741,000

4 Beds
2 Baths
1,800 Sq Ft
$1,046/Sq Ft Est. Value

Last Sold February 26, 2016

Last sale price $1,250,000 $694 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $10,477/month

23 Days on Market

Highlights

  • Main Floor Bedroom
  • Attic
  • Cottage
  • Rehoboth Elementary School Rated A
  • No HOA
  • 4-minute walk to Dune Nature Park

About This Home

As of February 2016

One of the largest lots (11,716 sf) in South Rehoboth. Being sold for land value. House conveying in "as is" condition. Rare opportunity even under newly enacted zoning amendment to build a large house, accessory building and a pool. Zoning will permit 4,154 sf residence plus a 250 sf front porch AND a pool. Up to 1,162 sf of allowable floor area could be in a detached accessory building. Lot is 232% the size of the typical 5,000 sf lot in Rehoboth Beach.

Last Agent to Sell the Property

Joe Reed

Cape Realty Listed on: 12/07/2015

Last Buyer's Agent

Mike Kogler Team

Long & Foster Real Estate, Inc. License #RS-0016259

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,224

Year Built

  • Built in 1927

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 50x242x53x223
  • Cleared Lot
  • Zoning described as TOWN CODES

Home Design

  • Cottage
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 2 Levels
  • Gas Fireplace
  • Partial Basement
  • Attic

Kitchen

  • Galley Kitchen
  • Cooktop
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Location

  • Flood Risk

Utilities

  • Heat Pump System
  • Private Sewer

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.17-348.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,224

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1927
  • Remarks Public: One of the largest lots (11,716 sf) in South Rehoboth. Being sold for land value. House conveying in "as is" condition. Rare opportunity even under newly enacted zoning amendment to build a large house, accessory building and a pool. Zoning will permit 4,154 sf residence plus a 250 sf front porch AND a pool. Up to 1,162 sf of allowable floor area could be in a detached accessory building. Lot is 232% the size of the typical 5,000 sf lot in Rehoboth Beach.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Attic, Kitchen - Galley, Entry Level Bedroom
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Level Count: 2
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partial
  • Living Area Units: Square Feet
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Net Sq Ft: 1800.00
  • Price Per Sq Ft: 750.00
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 221

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Cedar
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.27
  • Lot Size Area: 11617
  • Lot Dimensions: 50x242x53x223
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11617.00
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5196785
  • Tax Annual Amount: 1224.00
  • Assessor Parcel Number: 334-14.17-348.00
  • County Tax Payment Frequency: Annually
  • Close Date: 02/26/2016

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2015
Closed on
Feb 25, 2016
Sold by
The Msr Rev Trust
Bought by
Mosch Deborah M and Mosch Robert D
Seller's Agent
Joe Reed
Cape Realty
Buyer's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Total Days on Market
23
Current Estimated Value
$1,883,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$633,687
Avg. Annual Appreciation
3.04%
Original Mortgage
$850,000
Outstanding Balance
$684,905
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$975,612

Purchase Details

Closed on
Dec 28, 2012
Sold by
Dcr Revocable Trust
Bought by
Roth Donald C and Roth Mary E

Purchase Details

Closed on
Dec 22, 2012
Sold by
Dcr Revocable Trust
Bought by
Roth Donald C and Roth Mary E
Source: Public Records

Range of Values:

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List Price
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
Mosch Deborah M $1,250,000 None Available
Roth Donald C -- --
Roth Donald C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mosch Deborah M $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2016 02/26/16 Sold $1,250,000 -7.4% $694 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
12/07/2015 12/07/15 For Sale $1,350,000 +39.9% $750 / Sq Ft
06/13/2012 06/13/12 Sold $965,000 0.0% $521 / Sq Ft
05/16/2012 05/16/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $965,000 -- $521 / 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
2024 $2,570 $52,050 $8,750 $43,300
2023 $2,568 $52,050 $8,750 $43,300
2022 $2,479 $52,050 $8,750 $43,300
2021 $2,456 $52,050 $8,750 $43,300
2020 $2,448 $52,050 $8,750 $43,300
2019 $2,452 $52,050 $8,750 $43,300
2018 $2,290 $52,150 $0 $0
2017 $2,189 $52,050 $0 $0
2016 $915 $22,900 $0 $0
2015 $874 $22,900 $0 $0
2014 $868 $22,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Reed

    Seller's Agent in 2016

    Joe Reed

    Cape Realty

    (302) 430-4060

    9 in this area

    20 Total Sales

    Joe Reed
    Section Image
  • Mike Kogler Team

    Buyer's Agent in 2016

    Mike Kogler Team

    Long & Foster

    (302) 227-2541

    37 in this area

    95 Total Sales

    Mike Kogler Team
    Section Image
  • Kim Hamer

    Seller's Agent in 2012

    Kim Hamer

    OCEAN ATLANTIC SOTHEBYS

    (302) 745-9914

    97 in this area

    283 Total Sales

    Kim Hamer
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001012384

Bright MLS

APN: 334-14.17-348.00

Delaware Sussex County Rehoboth Beach 19971

221 Philadelphia St, Rehoboth Beach, DE

This home is located at 221 Philadelphia St, Rehoboth Beach, DE 19971 since 07 December 2015 and is currently estimated at $1,883,687, approximately $1,046 per square foot. This property was built in 1927. 221 Philadelphia St is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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