NOT LISTED FOR SALE

24 Pennsylvania Ave Rehoboth Beach, DE 19971

Estimated Value: $495,559 - $3,464,000

5 Beds
5 Baths
2,500 Sq Ft
$924/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $2,675,000 $1,070 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $12,642/month

18 Days on Market

Highlights

  • View of Trees or Woods
  • Coastal Architecture
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Deck
  • 2-minute walk to Lake Gerar Park

About This Home

As of May 2024

OCEAN BLOCK! This elegant, spacious coastal home is located in the desirable location of The Pines at Rehoboth Beach - a short 10 houses from the beach on a picturesque tree-lined street. An endearing seaside home with the charm of "Old Rehoboth" but updated with the modern amenities that make beach life comfortable, this home boasts 5 bedrooms, 2 full and 3 half baths, 2 offices/dens, 2 large decks and a massive wrap around 4-Season Porch. A true private oasis, this home offers endless possibilities for entertainment space for your year-round enjoyment. On the first floor, the living room features a cozy wood fireplace with custom built-ins leading to a bright family room or den for your TV watching (or an office) and a convenient first floor bedroom. The cheerful kitchen has exceptional cabinet & countertop space and is connected to an amazing dining space surrounded by windows with an entertainment bar with built-in grill and wet bar. The Dining space opens to an impressive wrap around 4-Season porch with 2 Ductless a/c and heat units to enjoy this charming space year round - and also connects to a relaxing Trex and vinyl deck and an inviting private yard with outdoor shower and storage shed. A charming original wood paneled full bath and laundry room complete the main floor. The upper level features 2 hall baths (one full, one half), and 4 roomy bedrooms, each with their own unique charm and features such as plantation shutters and wood flooring. The primary bedroom features it's own en suite with an updated half-bath. A massive rear bedroom which could be another primary bedroom features a cozy sitting room/office (or could be another bedroom!) and another updated half-bath, plus a walk-out 2nd floor expansive deck space to enjoy relaxing and soaking up the sun. More storage is available in the large walk up attic, the roomy basement with workshop room, and plenty of space for your bikes & summertime toys under the porch area. Attractive landscaping and a private driveway make this property even more desirable. Recent improvements include a whole new roof in 2021, brand new Central A/C and Heating System in 2021, hardwood floors refinished, fresh painting on exterior and most of the interior, updating of 4 of the 5 baths, 2 new heating & a/c units on the porch, and new insulation in the attic and under the house. Come visit this unique 4-Season home and enjoy the tranquility of nature and beachy charm and the easy convenience of downtown Rehoboth's trendy shopping and fine dining - all within steps of Rehoboth's beautiful sands! This home is being offered fully furnished and offers excellent rental potential! (SHOWINGS START THURSDAY APRIL 4!)

Last Agent to Sell the Property

Christopher Carr

(855) 885-4663 support@simplechoicerealty.com HomeZu Listed on: 03/29/2024

Last Buyer's Agent

Stephen Mcguiness

sjmpilot@aol.com Jack Lingo - Rehoboth License #RS-0022590

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1927

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Property is in excellent condition
  • Property is zoned TN

Property Views

  • Woods
  • Garden

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Masonry

Interior Spaces

  • Property has 3 Levels
  • Wet Bar
  • Built-In Features
  • Ceiling Fan
  • Brick Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Formal Dining Room
  • Wood Flooring
  • Laundry on main level
  • Attic
  • Basement

Bedrooms and Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Outdoor Grill
  • Wrap Around Porch

Additional Features

  • Flood Risk
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Rehoboth Beach Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 334-14.13-318.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,330

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1927
  • Automatically Close On Close Date: No
  • Remarks Public: OCEAN BLOCK! This elegant, spacious coastal home is located in the desirable location of The Pines at Rehoboth Beach - a short 10 houses from the beach on a picturesque tree-lined street. An endearing seaside home with the charm of "Old Rehoboth" but updated with the modern amenities that make beach life comfortable, this home boasts 5 bedrooms, 2 full and 3 half baths, 2 offices/dens, 2 large decks and a massive wrap around 4-Season Porch. A true private oasis, this home offers endless possibilities for entertainment space for your year-round enjoyment. On the first floor, the living room features a cozy wood fireplace with custom built-ins leading to a bright family room or den for your TV watching (or an office) and a convenient first floor bedroom. The cheerful kitchen has exceptional cabinet & countertop space and is connected to an amazing dining space surrounded by windows with an entertainment bar with built-in grill and wet bar. The Dining space opens to an impressive wrap around 4-Season porch with 2 Ductless a/c and heat units to enjoy this charming space year round - and also connects to a relaxing Trex and vinyl deck and an inviting private yard with outdoor shower and storage shed. A charming original wood paneled full bath and laundry room complete the main floor. The upper level features 2 hall baths (one full, one half), and 4 roomy bedrooms, each with their own unique charm and features such as plantation shutters and wood flooring. The primary bedroom features it's own en suite with an updated half-bath. A massive rear bedroom which could be another primary bedroom features a cozy sitting room/office (or could be another bedroom!) and another updated half-bath, plus a walk-out 2nd floor expansive deck space to enjoy relaxing and soaking up the sun. More storage is available in the large walk up attic, the roomy basement with workshop room, and plenty of space for your bikes & summertime toys under the porch area. Attractive landscaping and a private driveway make this property even more desirable. Recent improvements include a whole new roof in 2021, brand new Central A/C and Heating System in 2021, hardwood floors refinished, fresh painting on exterior and most of the interior, updating of 4 of the 5 baths, 2 new heating & a/c units on the porch, and new insulation in the attic and under the house. Come visit this unique 4-Season home and enjoy the tranquility of nature and beachy charm and the easy convenience of downtown Rehoboth's trendy shopping and fine dining - all within steps of Rehoboth's beautiful sands! This home is being offered fully furnished and offers excellent rental potential! (SHOWINGS START THURSDAY APRIL 4!)
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Attic, Built-Ins, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Formal/Separate Dining Room, Wet/Dry Bar, Window Treatments, Wood Floors
  • Fireplace Features: Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Laundry Type: Main Floor
  • Total Sq Ft: 3200
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 1100.00
  • Above Grade Finished Sq Ft: 2500
  • Below Grade Sq Ft: 700
  • Total Below Grade Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 24

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Upper Level Half Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: Bbq Grill, Outside Shower
  • Roof: Architectural Shingle
  • View: Garden/Lawn, Trees/Woods
  • 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
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • 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: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: 999
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Wrap Around
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1209.00
  • Tax Annual Amount: 1330.00
  • Assessor Parcel Number: 334-14.13-318.00
  • Tax Lot: 24
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/24/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 13, 2024
Sold by
Haverson Shelby L
Bought by
Nolan Merlyn Richardson and Nolan Heather Falk
Seller's Agent
Christopher Carr
HomeZu
Buyer's Agent
Stephen Mcguiness
Jack Lingo - Rehoboth
List Price
$2,799,995
Sold Price
$2,675,000
Premium/Discount to List
-$124,995
-4.46%
Views
62
Current Estimated Value
$2,308,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$366,110
Avg. Annual Appreciation
-10.33%
Original Mortgage
$1,605,000
Outstanding Balance
$1,588,589
Interest Rate
8.5%
Mortgage Type
New Conventional
Estimated Equity
$720,301

Purchase Details

Listed on
May 14, 2021
Closed on
Jul 13, 2021
Sold by
Raymond E Ruf T
Bought by
Fullerton Stuart L and Haverson Shelby L
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$2,295,000
Sold Price
$2,300,000
Premium/Discount to List
$5,000
0.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$1,840,000
Interest Rate
2.93%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 5, 1993
Bought by
Ruf Raymond E and Carolyn Dale Ruf
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
Nolan Merlyn Richardson $2,675,000 None Listed On Document
Fullerton Stuart L $2,300,000 None Available
Ruf Raymond E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nolan Merlyn Richardson $1,605,000
Previous Owner Fullerton Stuart L $1,840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $2,675,000 -2.7% $1,070 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/12/2024 04/12/24 Price Changed $2,750,000 -1.8% $1,100 / Sq Ft
03/29/2024 03/29/24 For Sale $2,799,995 +21.7% $1,120 / Sq Ft
07/13/2021 07/13/21 Sold $2,300,000 +0.2% --
05/22/2021 05/22/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $2,295,000 -- --
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 $4,813 $27,000 $15,000 $12,000
2024 $1,331 $27,000 $15,000 $12,000
2023 $1,330 $27,000 $15,000 $12,000
2022 $1,283 $27,000 $15,000 $12,000
2021 $1,271 $27,000 $15,000 $12,000
2020 $1,268 $27,000 $15,000 $12,000
2019 $1,269 $27,000 $15,000 $12,000
2018 $1,186 $27,000 $0 $0
2017 $1,135 $27,000 $0 $0
2016 $1,079 $27,000 $0 $0
2015 $1,031 $27,000 $0 $0
2014 $1,023 $27,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2059238

Bright MLS

APN: 334-14.13-318.00