NOT LISTED FOR SALE

226 Philadelphia St Rehoboth Beach, DE 19971

Estimated Value: $2,522,000 - $3,214,000

4 Beds
4 Baths
3,270 Sq Ft
$835/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $1,650,000 $505 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $14,707/month

5 Days on Market

Highlights

  • Solar Power System
  • Gourmet Kitchen
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • 3-minute walk to Dune Nature Park

About This Home

As of December 2020

Set in a highly-desired area in-town South Rehoboth, this delightful beach retreat presents a rare opportunity to enjoy not only a short walk to the beach, but also places you within close proximity to all of the downtown Rehoboth shops and restaurants, Gordon's Pond state park/beaches, and the Breakwater Junction Bike Trails. Investor alert with estimated rental potential of $65,100. This artfully mastered home has 4 master bedroom suites -- all with ensuite bathrooms on 2 levels with elevator. There is an open floor plan/great room with large, walkout deck; maintenance-free Wolf flooring; designer kitchen with under-counter lighting; granite countertops; breakfast bar; stainless steel appliances; induction stove top. There are abundant indoor and outdoor living spaces that include an over-sized screened porch with E-Z Breeze windows; encapsulated crawlspace; porcelain tile and wood flooring; 2 gas fireplaces; Hunter Douglas window treatments; recessed lighting; central music; grand master site with dual vanities and rain shower; California closet; 1st and 2nd floor laundry rooms; pocket doors; extensive crown molding; wet bar; dual zone heating and cooling; solar panels (owned); 8 ceiling fans; attached shed; hardscaped paver driveway accommodating off-street parking 2 cars; professionally landscaped lot with fully fenced yard; irrigation and security system. This stunning home was designed for relaxed living and ultimate enjoyment.

Last Agent to Sell the Property

Mike Kogler Team

(302) 227-2541 michael.kogler@LNF.com Long & Foster Real Estate, Inc. License #RS-0016259 Listed on: 10/23/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Candy Williams

(410) 991-0999 candy.williams@longandfoster.com Long & Foster Real Estate, Inc. License #RS0014138

Last Buyer's Agent

Darlene Wise

(443) 900-3419 dlusmiles@gmail.com Cummings & Co. Realtors License #RS-0023488

Cummings & Co. Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,607

Year Built

  • Built in 2012 | Remodeled in 2020

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Partially Fenced Property
  • Sprinkler System
  • Property is in excellent condition

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3,270 Sq Ft Home
  • Property has 2 Levels
  • 1 Elevator
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Wood Flooring
  • Home Security System

Kitchen

  • Gourmet Kitchen
  • Built-In Range
  • Stove
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Private Parking
  • Off-Street Parking

Eco-Friendly Details

  • Solar Power System
  • Solar Heating System
  • Heating system powered by active solar

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Outdoor Storage

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.17-353.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,607

Year Built

Built in 2012 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Inclusions: Solar panels. Solar panels are owned, not rented.
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2012
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Microwave, Range Hood, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Elevator, Entry Level Bedroom, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors, Ceiling Fan(s), Floor Plan - Open, Wet/Dry Bar
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Elevators Count: 1
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Lower Floor, Main Floor
  • Total Sq Ft: 3270
  • Living Area Sq Ft: 3270
  • Price Per Sq Ft: 504.28
  • Above Grade Finished Sq Ft: 3270
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Lawn Sprinkler, Secure Storage
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Paved Driveway, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Solar Photovoltaic
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Solar
  • Heating Type: Heat Pump(s), Solar - Active
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Partially
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5196793
  • Tax Annual Amount: 2606.54
  • Assessor Parcel Number: 334-14.17-353.01
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Dec 17, 2020
Sold by
Kane John W and Kane Diann
Bought by
Mollica James A and Fortin-Mollica Michelle
Seller's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
Buyer's Agent
Darlene Wise
Cummings & Co. Realtors
List Price
$1,649,000
Sold Price
$1,650,000
Premium/Discount to List
$1,000
0.06%
Current Estimated Value
$2,730,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,080,701
Avg. Annual Appreciation
10.67%
Original Mortgage
$1,320,000
Outstanding Balance
$1,175,194
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,555,507
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mollica James A $1,650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mollica James A $1,320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2020 12/17/20 Sold $1,650,000 +0.1% $505 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
10/23/2020 10/23/20 For Sale $1,649,000 -- $504 / 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 $4,117 $42,600 $7,500 $35,100
2024 $2,100 $42,600 $7,500 $35,100
2023 $2,098 $42,600 $7,500 $35,100
2022 $2,025 $42,600 $7,500 $35,100
2021 $2,006 $42,600 $7,500 $35,100
2020 $2,000 $42,600 $7,500 $35,100
2019 $1,603 $42,600 $7,500 $35,100
2018 $1,471 $42,600 $0 $0
2017 $1,792 $42,600 $0 $0
2016 $1,702 $42,600 $0 $0
2015 $1,620 $42,450 $0 $0
2014 $1,608 $42,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU171846

Bright MLS

APN: 334-14.17-353.01