NOT LISTED FOR SALE

24 Sheffield Rd Rehoboth Beach, DE 19971

Estimated Value: $1,802,000 - $2,222,000

0.39 Acre
$5,225,641 Price per Acre
16,988 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $279,000

Est. 630% increase in value since last sale

Current estimated payment $10,952/month

127 Days on Market

About This Lot

As of December 2021

**FAMILY SALE **BUILD YOUR DREAM HOME! This wooded lot in the desirable community of Rehoboth Beach Yacht & Country Club is situated on a cul-de-sac across the street from Torquay Canal. Its premier location is only three miles to downtown Rehoboth Beach and proximate to numerous shopping opportunities and restaurants. This property is subject to the right of first refusal.

Last Agent to Sell the Property

Carrie Lingo

(302) 500-0825 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 07/06/2021

Jack Lingo - Lewes

Last Buyer's Agent

Carrie Lingo

(302) 500-0825 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885 Listed on: 07/06/2021

Jack Lingo - Lewes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $403

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 114.00 x 150.00
  • Property is zoned MR

Location

  • Flood Risk

Community Details

  • No Home Owners Association
  • Rehoboth Beach Yacht And CC Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 334-19.00-1002.00

Property Details

Property Type

Land

Est. Annual Taxes

$403

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Vacant
  • New Construction: No
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: **FAMILY SALE **BUILD YOUR DREAM HOME! This wooded lot in the desirable community of Rehoboth Beach Yacht & Country Club is situated on a cul-de-sac across the street from Torquay Canal. Its premier location is only three miles to downtown Rehoboth Beach and proximate to numerous shopping opportunities and restaurants. This property is subject to the right of first refusal.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 29.14
  • Street Number Modifier: 24

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: RV
  • Lot Size Acres: 0.39
  • Lot Dimensions: 114.00 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16988.00
  • Year Assessed: 2021
  • Zoning: MR
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 365.00
  • Tax Annual Amount: 403.00
  • Assessor Parcel Number: 334-19.00-1002.00
  • Tax Lot: 13
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 12/22/2021

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Dec 22, 2021
Sold by
Hanby Wayne
Bought by
Pisacano Sarah E and Smith Matthew D
Seller's Agent
Carrie Lingo
Jack Lingo - Lewes
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$495,000
Sold Price
$279,000
Premium/Discount to List
-$216,000
-43.64%
Current Estimated Value
$2,038,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,759,000
Avg. Annual Appreciation
69.23%
Original Mortgage
$195,300
Outstanding Balance
$180,017
Interest Rate
3.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,857,983

Purchase Details

Listed on
Aug 22, 2020
Closed on
Oct 26, 2020
Sold by
Lamborn James J and Lamborn Kevin
Bought by
Hanby Wayne
Seller's Agent
Meg Massey
Thyme Real Estate Co LLC
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$238,000
Sold Price
$226,500
Premium/Discount to List
-$11,500
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.69%
Original Mortgage
$181,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2019
Sold by
Barbara Lee Tanner Ret
Bought by
Lamborn James J and Lamborn Kevin

Purchase Details

Closed on
Apr 29, 1999
Bought by
Tanner Barbara Lee (Trustee)
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pisacano Sarah E $279,000 None Available
Hanby Wayne $234,000 None Available
Lamborn James J -- None Available
Tanner Barbara Lee (Trustee) $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pisacano Sarah E $195,300
Previous Owner Hanby Wayne $181,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $279,000 -43.6% --
11/10/2021 11/10/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $495,000 +118.5% --
10/26/2020 10/26/20 Sold $226,500 -4.8% --
08/27/2020 08/27/20 Pending -- -- --
08/22/2020 08/22/20 For Sale $238,000 -- --
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 $1,764 $8,550 $8,550 $0
2024 $2,634 $8,550 $8,550 $0
2023 $421 $8,550 $8,550 $0
2022 $406 $8,550 $8,550 $0
2021 $403 $8,550 $8,550 $0
2020 $401 $8,550 $8,550 $0
2019 $402 $8,550 $8,550 $0
2018 $375 $8,550 $0 $0
2017 $360 $8,550 $0 $0
2016 $342 $8,550 $0 $0
2015 $326 $8,550 $0 $0
2014 $324 $8,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carrie Lingo

    Seller's Agent in 2021

    Carrie Lingo

    Jack Lingo - Lewes

    (302) 500-0825

    149 in this area

    859 Total Sales

    Carrie Lingo
    Section Image
  • Meg Massey

    Seller's Agent in 2020

    Meg Massey

    Thyme Real Estate Co LLC

    (302) 379-2579

    1 in this area

    9 Total Sales

    Meg Massey
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2001582

Bright MLS

APN: 334-19.00-1002.00

Delaware Sussex County Rehoboth Beach 19971

24 Sheffield Rd, Rehoboth Beach, DE

This home is located at 24 Sheffield Rd, Rehoboth Beach, DE 19971 since 06 July 2021 and is currently estimated at $2,038,000. 24 Sheffield Rd 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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