NOT LISTED FOR SALE

Estimated Value: $594,363 - $3,303,000

5 Beds
4.5 Baths
2,587 Sq Ft
$851/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $1,881,295 $727 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $12,433/month

156 Days on Market

Highlights

  • New Construction
  • Water Oriented
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Gourmet Kitchen
  • 2-minute walk to Dune Nature Park

About This Home

As of August 2020

Just completed, this sparkling NEW 5 bedroom home is located in the heart of Rehoboth Beach with restaurants, shops and beach at your beck and call. This Evergreene home is loaded with upgrades and ready for your enjoyment this summer. Coffered high ceilings and gas fireplace in the great room. Gorgeous, high end kitchen with Granite countertops, stainless steel appliances, wet bar with wine chiller and much more! First floor bedroom, plus 4 more generous bedrooms on the second floor. Private, fenced back yard. Great property for personal use or as an investment property. Ready now for you!

Last Listed By

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 01/25/2020

RE/MAX Realty Group Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,046

Year Built

  • 1923

Lot Details

  • 4,792 Sq Ft Lot
  • Downtown Location
  • Property is zoned TN 1270

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,587 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Wainscoting
  • Ceiling Fan
  • Gas Fireplace
  • Combination Dining and Living Room
  • Laundry on main level
  • Unfinished Basement

Kitchen

  • Gourmet Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

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

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Heating System Powered By Leased Propane
  • Tankless Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Built by Evergreene Companies
  • North Rehoboth Subdivision

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 334-14.17-73.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,046

Year Built

1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Just completed, this sparkling NEW 5 bedroom home is located in the heart of Rehoboth Beach with restaurants, shops and beach at your beck and call. This Evergreene home is loaded with upgrades and ready for your enjoyment this summer. Coffered high ceilings and gas fireplace in the great room. Gorgeous, high end kitchen with Granite countertops, stainless steel appliances, wet bar with wine chiller and much more! First floor bedroom, plus 4 more generous bedrooms on the second floor. Private, fenced back yard. Great property for personal use or as an investment property. Ready now for you!
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 1923

Interior Features

  • Appliances: Dishwasher, Refrigerator, Water Heater - Tankless, Cooktop, Oven - Wall, Microwave, Icemaker
  • Flooring Type: Carpet, Tile/Brick, Wood
  • Interior Amenities: Entry Level Bedroom, Combination Dining/Living, Floor Plan - Open, Kitchen - Island, Walk-In Closet(s), Ceiling Fan(s), Wet/Dry Bar, Wainscotting, Kitchen - Gourmet, Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Laundry Type: Main Floor
  • Total Sq Ft: 2587
  • Living Area Sq Ft: 2587
  • Price Per Sq Ft: 730.19
  • Above Grade Finished Sq Ft: 2587
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 26

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, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks, 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: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Bottled Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Porch(es), Screened, Deck(s)
  • Year Assessed: 2019
  • Zoning: TN 1270
  • In City Limits: Yes

Building Info

  • Builder Name: Evergreene Companies

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5197191
  • School Tax: 653.00
  • Tax Annual Amount: 1046.00
  • Assessor Parcel Number: 334-14.17-73.00
  • Tax Lot: 26
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 08/13/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2020
Closed on
Aug 13, 2020
Sold by
Evergreen Co Llc
Bought by
Rafanello John S
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Andrew White
Compass
List Price
$1,925,000
Sold Price
$1,881,295
Premium/Discount to List
-$43,705
-2.27%
Total Days on Market
156
Current Estimated Value
$2,200,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,159
Avg. Annual Appreciation
3.34%
Original Mortgage
$1,410,000
Outstanding Balance
$1,262,593
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$937,861

Purchase Details

Closed on
Sep 19, 2019
Sold by
26 Lake Llc
Bought by
Evergreene Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,172,000
Interest Rate
3.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Feb 1, 2014
Closed on
May 16, 2014
Sold by
Mark Armistice A and Mark Christopher A
Bought by
26 Lake Llc
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Robert Burton
RE/MAX Realty Group Rehoboth
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%

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
Rafanello John S $1,881,295 None Available
Evergreene Co Llc $1,000,000 --
26 Lake Llc $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rafanello John S $1,410,000
Previous Owner Evergreene Co Llc $1,172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2020 08/13/20 Sold $1,881,295 -0.4% $727 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $1,889,000 -0.5% $730 / Sq Ft
03/23/2020 03/23/20 Price Changed $1,899,000 -1.4% $734 / Sq Ft
01/25/2020 01/25/20 For Sale $1,925,000 +250.0% $744 / Sq Ft
05/23/2014 05/23/14 Sold $550,000 0.0% --
04/09/2014 04/09/14 Pending -- -- --
02/01/2014 02/01/14 For Sale $550,000 -- --
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
2024 $2,100 $15,350 $10,000 $5,350
2023 $2,098 $15,350 $10,000 $5,350
2022 $2,025 $15,350 $10,000 $5,350
2021 $2,006 $15,350 $10,000 $5,350
2020 $2,000 $15,350 $10,000 $5,350
2019 $722 $15,350 $10,000 $5,350
2018 $674 $15,350 $0 $0
2017 $646 $15,350 $0 $0
2016 $613 $15,350 $0 $0
2015 $586 $15,350 $0 $0
2014 $582 $15,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU154754

Bright MLS

APN: 334-14.17-73.00