NOT LISTED FOR SALE

227 Lake Dr Rehoboth Beach, DE 19971

Estimated Value: $427,375 - $3,673,000

4 Beds
4.5 Baths
3,105 Sq Ft
$827/Sq Ft Est. Value

Last Sold May 17, 2013

Last sale price $1,100,000 $354 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $14,125/month

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • No HOA
  • Rehoboth Elementary School Rated A
  • Corner Lot
  • 2-minute walk to Stockley St Playground

About This Home

As of May 2013

Amazing architecture, all on a corner lot! This home encompasses spacious living with an inverted floor plan! Great for entertaining or just quiet enjoyment with family and friends! Resort amenities and activities close by. Property is Sold As-Is, No Warranties Expressed or Implied!

Last Agent to Sell the Property

Tim Riale

(302) 684-1988 delmarvapropertysales@gmail.com RIALE REALTY License #RB-0002954 Listed on: 02/26/2013

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,429

Year Built

  • Built in 2004

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 3,105 Sq Ft Home
  • Property has 2 Levels
  • Inverted Floor Plan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Heating System Uses Propane

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-20.05-75.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,429

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Inverted Floorplan
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Combination Kitchen/Dining
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Room Count: 10
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Family Room, Den, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3105
  • Living Area Sq Ft: 3105
  • Net Sq Ft: 3105.00
  • Price Per Sq Ft: 386.15
  • Above Grade Finished Sq Ft: 3105
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

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

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air, Propane
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Units: Acres
  • Outdoor Living Structures: Balcony

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202737
  • Assessor Parcel Number: 334-20.05-75.00
  • County Tax Payment Frequency: Annually
  • Close Date: 05/17/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2017
Sold by
White Carole M and Moore Robert B
Bought by
227 Lake Drive Llc
Current Estimated Value
$2,568,792

Purchase Details

Closed on
Dec 26, 2013
Sold by
Marx Peter and Marx Helen
Bought by
227 Lake Drive Llc

Purchase Details

Listed on
Feb 26, 2013
Closed on
May 10, 2013
Sold by
Rbs Citizens Na
Bought by
Marx Peter and Marx Helen
Seller's Agent
Tim Riale
RIALE REALTY
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,100,000
Sold Price
$1,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$417,001
Interest Rate
3.45%
Source: Public Records

Range of Values:

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Average Value
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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
227 Lake Drive Llc -- None Available
227 Lake Drive Llc -- --
Marx Peter $1,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marx Peter $417,001
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2013 05/17/13 Sold $1,100,000 0.0% $354 / Sq Ft
04/02/2013 04/02/13 Pending -- -- --
02/26/2013 02/26/13 For Sale $1,100,000 -- $354 / 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 $5,429 $64,850 $10,900 $53,950
2024 $3,196 $64,850 $10,900 $53,950
2023 $3,194 $64,850 $10,900 $53,950
2022 $3,082 $64,850 $10,900 $53,950
2021 $3,054 $64,850 $10,900 $53,950
2020 $3,045 $64,850 $10,900 $53,950
2019 $3,049 $64,850 $10,900 $53,950
2018 $2,848 $64,850 $0 $0
2017 $2,727 $64,850 $0 $0
2016 $2,590 $64,850 $0 $0
2015 $2,475 $64,850 $0 $0
2014 $2,457 $64,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Tim Riale

    RIALE REALTY

    (302) 684-1988

    1 in this area

    52 Total Sales

    Tim Riale
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001194336

Bright MLS

APN: 334-20.05-75.00

Delaware Sussex County Rehoboth Beach 19971

227 Lake Dr, Rehoboth Beach, DE

This home is located at 227 Lake Dr, Rehoboth Beach, DE 19971 since 26 February 2013 and is currently estimated at $2,568,792, approximately $827 per square foot. This property was built in 2004. 227 Lake Dr 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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