$1,715,000
SOLD SEP 6, 2019

229 Laurel St Rehoboth Beach, DE 19971

5 Beds
4.5 Baths
2,530 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$678 Per Sq Ft

5% Below List Price

488 Days on Market

Highlights

  • Water Oriented
  • Coastal Architecture
  • Attic
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Stockley St Playground

About This Home

As of September 2023

Entertain in style in this elegant 5 bedroom seaside abode. Spacious 1st floor and 2nd floor Masters, detached 1 car garage, generous front porch and all the bells and whistles such as wood floors, quartz, handsome cabinetry and a very guest-friendly floorplan. Beautifully built in magnificent downtown Rehoboth Beach. Sellers are licensed DE REALTORS.

Last Agent to Sell the Property

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 04/06/2018

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 04/06/2018

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,995

Year Built

  • Built in 2018

Lot Details

  • 5,000 Sq Ft Lot
  • Property is zoned CITY, MEDIUM RESIDENTIAL

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Shingle Siding
  • Stick Built Home

Interior Spaces

  • 2,530 Sq Ft Home
  • Property has 2 Levels
  • Gas Fireplace
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Screened Patio
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • 200+ Amp Service
  • Propane Water Heater

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.17-412.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,995

Year Built

Built in 2018

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Washer/Dryer Hookups Only, Water Heater, Oven/Range - Gas
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Attic, Breakfast Area, Kitchen - Eat-In, Kitchen - Island
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Foundation Details: Block
  • Level Count: 2
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2530
  • Living Area Sq Ft: 2530
  • Net Sq Ft: 2530.00
  • Price Per Sq Ft: 691.50
  • Above Grade Finished Sq Ft: 2530
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 229

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Shingle Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Driveway, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Propane - Leased
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 5000
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Porch(es), Screened
  • Zoning: CITY
  • Zoning Description: MEDIUM RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1995.00
  • Assessor Parcel Number: 334-14.17-412.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Close Date: 09/06/2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Sep 15, 2023
Sold by
Thom And Rebecca Foley Family Trust
Bought by
229 Laurel Street Llc
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Lucius Webb
Jack Lingo - Rehoboth
List Price
$2,995,000
Sold Price
$2,995,000
Views
66
Current Estimated Value
$2,920,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,462
Avg. Annual Appreciation
-1.40%

Purchase Details

Closed on
May 18, 2020
Sold by
Foley Thomas and Foley Rebecca
Bought by
Thomas & Rebecca Foley Ft

Purchase Details

Listed on
Apr 6, 2018
Closed on
Sep 4, 2019
Sold by
625 Rehoboth Avenue Llc
Bought by
Foley Thomas and Foley Rebecca
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$1,798,000
Sold Price
$1,715,000
Premium/Discount to List
-$83,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%

Purchase Details

Closed on
Jan 17, 2018
Sold by
Lower Edward V
Bought by
625 Rehoboth Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 10, 2018
Sold by
Lower Edward V
Bought by
625 Rehoboth Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.94%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Deed $2,995,000 None Listed On Document
Deed -- None Available
Deed $1,715,000 --
Deed $1,683,170 --
Deed $1,683,170 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Unknown
Previous Owner $2,100,000 Purchase Money Mortgage
Previous Owner $2,100,000 Purchase Money Mortgage
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $2,995,000 0.0% $1,184 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $2,995,000 +74.6% $1,184 / Sq Ft
09/06/2019 09/06/19 Sold $1,715,000 -2.0% $678 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
07/25/2019 07/25/19 Price Changed $1,749,500 -1.0% $692 / Sq Ft
07/01/2019 07/01/19 Price Changed $1,768,000 -0.6% $699 / Sq Ft
05/06/2019 05/06/19 Price Changed $1,778,000 -1.1% $703 / Sq Ft
04/06/2018 04/06/18 For Sale $1,798,000 -- $711 / 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 $2,036 $40,350 $13,750 $26,600
2023 $2,034 $40,350 $13,750 $26,600
2022 $1,963 $40,350 $13,750 $26,600
2021 $1,945 $40,350 $13,750 $26,600
2020 $1,939 $40,350 $13,750 $26,600
2019 $1,942 $40,350 $13,750 $26,600
2018 $1,471 $33,500 $0 $0
2017 $1,297 $40,350 $0 $0
2016 $1,112 $40,350 $0 $0
2015 $1,040 $40,350 $0 $0
2014 $1,029 $40,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001572230

Bright MLS

APN: 334-14.17-412.00