NOT LISTED FOR SALE

24 Sussex St Rehoboth Beach, DE 19971

Estimated Value: $1,860,320 - $2,872,000

5 Beds
3 Baths
2,500 Sq Ft
$894/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $1,170,000 $468 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $12,263/month

154 Days on Market

Highlights

  • Second Kitchen
  • Deck
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Saltbox Architecture
  • 4-minute walk to Dune Nature Park

About This Home

As of February 2018

REHOBOTH CLASSIC, CHIC VERSATILITY - Amazing in-town Rehoboth investment delivers bright, fresh design and versatile style. Property can be two homes in one: live in one unit and earn income on the other, or luxuriate in a fabulous space all to yourself. Newly renovated first-floor kitchen features stainless steel appliances and gorgeous countertops; enjoy hardwood floors throughout. Great location is the perfect launching point in town with a three-block walk to the award-winning beach, dining, shopping, and the Boardwalk from quiet North Rehoboth. Or relax in the beautifully landscaped privacy of your own patio. So many options!

Last Agent to Sell the Property

Lee Ann Wilkinson

Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 09/14/2017

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Allison Stine

Northrop Realty License #RA-0031128

Northrop Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,007

Year Built

  • Built in 1940

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50x84
  • Partially Fenced Property
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Zoning described as TOWN CODES

Home Design

  • Saltbox Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • 2,500 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Window Screens
  • Family Room
  • Combination Kitchen and Living
  • Dining Room
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Second Kitchen
  • Breakfast Room
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Attached Garage
  • Brick Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.13-224.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,007

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Salt Box
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1940
  • Remarks Public: REHOBOTH CLASSIC, CHIC VERSATILITY - Amazing in-town Rehoboth investment delivers bright, fresh design and versatile style. Property can be two homes in one: live in one unit and earn income on the other, or luxuriate in a fabulous space all to yourself. Newly renovated first-floor kitchen features stainless steel appliances and gorgeous countertops; enjoy hardwood floors throughout. Great location is the perfect launching point in town with a three-block walk to the award-winning beach, dining, shopping, and the Boardwalk from quiet North Rehoboth. Or relax in the beautifully landscaped privacy of your own patio. So many options!
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, 2nd Kitchen, Entry Level Bedroom, Ceiling Fan(s), Skylight(s), Window Treatments
  • Window Features: Screens, Storm
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Room Count: 11
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Family Room, Breakfast Room, Sun/Florida Room, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Net Sq Ft: 2500.00
  • Price Per Sq Ft: 480.00
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 24

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Parking Features: Brick Driveway
  • Type Of Parking: Off Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Zoned
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Fencing: Partially
  • Lot Features: Landscaping
  • Lot Size Acres: 0.10
  • Lot Dimensions: 50x84
  • Lot Size Units: Acres
  • Lot Sq Ft: 4356.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Enclosed
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5195568
  • Tax Annual Amount: 1007.00
  • Assessor Parcel Number: 334-14.13-224.00
  • County Tax Payment Frequency: Annually
  • Close Date: 02/16/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2024
Sold by
Bowersock Ronald L and Bowersock Marian E
Bought by
Ronald L Bowersock And Marian E Bowersock Rev and Bowersock
Current Estimated Value
$2,236,080

Purchase Details

Listed on
Sep 14, 2017
Closed on
Feb 19, 2018
Sold by
Edward V Byrns
Bought by
Bowersock Ronald L and Bowersock Marian E
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Allison Stine
Northrop Realty
List Price
$1,200,000
Sold Price
$1,170,000
Premium/Discount to List
-$30,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$936,000
Interest Rate
4.38%

Purchase Details

Closed on
Jan 31, 2017
Bought by
Byrns Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,526
Interest Rate
4.19%
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
Ronald L Bowersock And Marian E Bowersock Rev -- None Listed On Document
Ronald L Bowersock And Marian E Bowersock Rev -- None Listed On Document
Bowersock Ronald L $1,170,000 --
Byrns Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Byrns Edward $936,000
Previous Owner Byrns Edward --
Previous Owner Bowersock Marian E $936,000
Previous Owner Byrns Edward $303,526
Previous Owner Byrns Edward --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2018 02/16/18 Sold $1,170,000 -2.5% $468 / Sq Ft
09/14/2017 09/14/17 For Sale $1,200,000 -- $480 / 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 $951 $19,300 $8,050 $11,250
2023 $950 $19,300 $8,050 $11,250
2022 $917 $19,300 $8,050 $11,250
2021 $909 $19,300 $8,050 $11,250
2020 $906 $19,300 $8,050 $11,250
2019 $907 $19,300 $8,050 $11,250
2018 $848 $19,300 $0 $0
2017 $812 $19,300 $0 $0
2016 $771 $19,300 $0 $0
2015 $737 $19,300 $0 $0
2014 $731 $19,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001033352

Bright MLS

APN: 334-14.13-224.00