Seller's Agent in 2025
Kim Hamer
OCEAN ATLANTIC SOTHEBYS
(302) 745-9914
93 in this area
273 Total Sales
23 Bay Reach Rehoboth Beach, DE 19971
5
Beds
3
Baths
3,002
Sq Ft
0.87
Acres
Highlights
- Water Oriented
- 0.87 Acre Lot
- Coastal Architecture
- Rehoboth Elementary School Rated A
- Lake Privileges
- Property fronts the bay but unit may not have water views
About This Home
As of January 2025Welcome to Pine Bay - private .86 acre lot backing to Thompson Island State Park with the popular Bay Breeze Model by Schell Brothers. This private retreat is only 5 blocks to the Atlantic Ocean and wonderful beaches in Dewey Beach! Tree lined driveway leads to the covered front porch. Two story entry foyer leads to flex room (dining room, office, or make into a bedroom) and great room with cathedral ceilings and gas fireplace. Kitchen is off the great room and has a nice island with granite counters and eat-in kitchen area. Off the kitchen it the sunroom leading to screened porch overlooking the wetlands, trees, and state park. The owner's bedroom suite has a walk-in closet, and owner's bathroom with a tub, shower, and double sinks. There is an additional bedroom and full bath on the first level and a laundry room. Second level features three bedrooms, and one full bathroom. Enjoy this Schell Brothers energy efficient home with storm rated windows and Rennai hot water heater. The Pine Bay community is just five blocks to the Atlantic Ocean and is located on the Rehoboth Bay. Enjoy the community pool, stocked fishing ponds, and nature! Walk to the ocean, restaurants, night life, Fifer's store, & much more! Take the video tour!
Last Agent to Sell the Property
(302) 745-9914 kim.hamer@oasir.net Monument Sotheby's International Realty License #RS-0013968 Listed on: 10/30/2024
Last Buyer's Agent
(302) 745-9914 kim.hamer@oasir.net Monument Sotheby's International Realty License #RS-0013968 Listed on: 10/30/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,467
Year Built
- Built in 2011
Lot Details
- 0.87 Acre Lot
- Property fronts the bay but unit may not have water views
- Landscaped
- Wooded Lot
HOA Fees
- $100 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 8 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
Home Design
- Coastal Architecture
- Block Foundation
- Architectural Shingle Roof
- Stick Built Home
Interior Spaces
- Property has 2 Levels
- Gas Fireplace
- Window Screens
- Great Room
- Dining Room
- Sun or Florida Room
- Screened Porch
- Crawl Space
- Storm Windows
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Laundry on main level
- Electric Dryer
- Washer
Outdoor Features
- Water Oriented
- Property near a bay
- Lake Privileges
- Screened Patio
Location
- Flood Risk
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Heating System Powered By Leased Propane
- Tankless Water Heater
Listing and Financial Details
- Assessor Parcel Number 334-20.00-45.00
Community Details
Overview
- $1,000 Capital Contribution Fee
- Association fees include common area maintenance, pool(s), reserve funds, road maintenance, snow removal
- Built by Schell Brothers
- Pine Bay Subdivision, Bay Breeze Floorplan
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2024
Closed on
Dec 23, 2024
Sold by
Gerardine F Stephenson Revocable Trust and Stephenson Gerardine F
Bought by
Barbara A Faculjak Revocable Living Trust and Faculjak
Seller's Agent
Kim Hamer
Monument Sotheby's International Realty
Buyer's Agent
Kim Hamer
Monument Sotheby's International Realty
List Price
$1,399,900
Sold Price
$1,399,900
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$167,680
Avg. Annual Appreciation
-15.09%
Original Mortgage
$1,119,920
Outstanding Balance
$1,111,146
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$121,074
Purchase Details
Closed on
May 16, 2024
Sold by
Stephenson Gerardine F
Bought by
Gerardine F Stephenson Revocable Trust and Stephenson
Purchase Details
Closed on
Oct 3, 1997
Bought by
Stephenson Philip J and Stephenson Gerardine F
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,399,900 | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,119,920 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/03/2025 01/03/25 | Sold | $1,399,900 | 0.0% | $466 / Sq Ft |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- |
| 10/30/2024 10/30/24 | For Sale | $1,399,900 | -- | $466 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,756 | $50,050 | $8,650 | $41,400 |
| 2024 | $2,285 | $50,050 | $8,650 | $41,400 |
| 2023 | $2,283 | $50,050 | $8,650 | $41,400 |
| 2022 | $2,197 | $50,050 | $8,650 | $41,400 |
| 2021 | $2,275 | $50,050 | $8,650 | $41,400 |
| 2020 | $2,267 | $50,050 | $8,650 | $41,400 |
| 2019 | $2,249 | $50,050 | $8,650 | $41,400 |
| 2018 | $1,798 | $50,050 | $0 | $0 |
| 2017 | $1,705 | $50,050 | $0 | $0 |
| 2016 | $1,515 | $50,050 | $0 | $0 |
| 2015 | $1,426 | $50,050 | $0 | $0 |
| 2014 | $1,412 | $50,050 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Hamer
Map
Source: Bright MLS
MLS Number: DESU2072966
APN: 334-20.00-45.00
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