NOT LISTED FOR SALE

27 Palmer Ave Rehoboth Beach, DE 19971

Estimated Value: $265,356 - $5,578,000

6 Beds
5.5 Baths
4,200 Sq Ft
$673/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $1,600,000 $381 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $15,945/month

Highlights

  • 0.26 Acre Lot
  • Coastal Architecture
  • Vaulted Ceiling
  • Rehoboth Elementary School Rated A
  • Deck
  • 1-minute walk to Delaware Seashore State Park

About This Home

As of May 2017

SENSATIONAL TURNKEY FURNISHED HOME IN ENCLAVE OF PREMIER SINGLE FAMILY RESIDENCES. IMMACULATE AND COMPLETELY RENOVATED THROUGHOUT OFFERS THE PERFECT BEACH HOME SCENARIO FOR ENJOYMENT OR INCOME INVESTMENT. COMFORTABLE SLEEP THREE FAMILIES WITH SEPARATE QUARTERS AND ENSUITE BATHS, PRIVATE MASTER SUITE, REVERSE LIVING CREATES ENTIRE UPPER LEVEL WITH OPEN FLOOR PLAN AND MULTI TIERED DECKS AND SCREENED PORCHES. HUGE VIEWS OF BAY SUNSET. THIS HOME IS LOCATED IN THE PRESTIGIOUS PRIVATE BEACH/COMMUNITY OF INDIAN BEACH: OFFERS TREMENDOUS BEACHFRONT ACTIVITIES TO COMPLEMENT YOUR BEACH HOME. BONFIRES, VOLLEYBALL, EVENING GRILLS FOR FAMILY AND FRIENDS. PRISTINE, FURNISHED, AND ALMOST 200K PRICE REDUCTION CREATES THE ONCE IN A LIFETIME OPPORTUNITY FOR YOUR NEW BEACH HOME.

Last Agent to Sell the Property

JILL SCHWARTZ

jill.schwartz@lnf.cominactive Long & Foster Real Estate, Inc. Listed on: 09/17/2016

Last Buyer's Agent

Jennifer Barrows

(302) 841-9505 jenn.barrows@oasir.net Monument Sotheby's International Realty

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,143

Year Built

  • Built in 1994

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 104 x 117
  • Landscaped
  • Zoning described as MEDIUM RESIDENTIAL

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Post and Beam
  • Architectural Shingle Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 4,200 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Vaulted Ceiling
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Monitored

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Wrap Around Porch

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 334-23.06-95.02

Community Details

Overview

  • Indian Beach Subdivision

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,143

Year Built

Built in 1994

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Post & Beam, Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1994
  • Remarks Public: SENSATIONAL TURNKEY FURNISHED HOME IN ENCLAVE OF PREMIER SINGLE FAMILY RESIDENCES. IMMACULATE AND COMPLETELY RENOVATED THROUGHOUT OFFERS THE PERFECT BEACH HOME SCENARIO FOR ENJOYMENT OR INCOME INVESTMENT. COMFORTABLE SLEEP THREE FAMILIES WITH SEPARATE QUARTERS AND ENSUITE BATHS, PRIVATE MASTER SUITE, REVERSE LIVING CREATES ENTIRE UPPER LEVEL WITH OPEN FLOOR PLAN AND MULTI TIERED DECKS AND SCREENED PORCHES. HUGE VIEWS OF BAY SUNSET. THIS HOME IS LOCATED IN THE PRESTIGIOUS PRIVATE BEACH/COMMUNITY OF INDIAN BEACH: OFFERS TREMENDOUS BEACHFRONT ACTIVITIES TO COMPLEMENT YOUR BEACH HOME. BONFIRES, VOLLEYBALL, EVENING GRILLS FOR FAMILY AND FRIENDS. PRISTINE, FURNISHED, AND ALMOST 200K PRICE REDUCTION CREATES THE ONCE IN A LIFETIME OPPORTUNITY FOR YOUR NEW BEACH HOME.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer - Electric, Icemaker, Refrigerator, Microwave, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Kitchen - Eat-In, Kitchen - Island, Combination Kitchen/Dining, Window Treatments
  • Fireplace: No
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Pilings
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 4200
  • Living Area Sq Ft: 4200
  • Net Sq Ft: 4200.00
  • Price Per Sq Ft: 404.76
  • Above Grade Finished Sq Ft: 4200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 27

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Concrete, Wood Siding
  • Construction Completed: Yes
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Off Street, Driveway

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 2400.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 0.26
  • Lot Size Area: 11423
  • Lot Dimensions: 104 X 117
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11423.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Wrap Around
  • Zoning Description: MEDIUM RESIDENTIAL

Building Info

  • Building Features: Guard System

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5205631
  • Assessor Parcel Number: 334-23.06-95.02
  • County Tax Payment Frequency: Annually
  • Close Date: 05/31/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2016
Closed on
May 24, 2017
Sold by
Marilyn J Taff Rev Trust Agreement Dated
Bought by
Cribb Amy Annette and Cribb Mark T
Seller's Agent
JILL SCHWARTZ
Long & Foster Real Estate, Inc.
Buyer's Agent
Jennifer Barrows
Monument Sotheby's International Realty
List Price
$1,890,000
Sold Price
$1,600,000
Premium/Discount to List
-$290,000
-15.34%
Current Estimated Value
$2,826,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,226,089
Avg. Annual Appreciation
7.05%
Original Mortgage
$1,280,000
Outstanding Balance
$1,062,134
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$1,763,955

Purchase Details

Closed on
Aug 12, 2014
Sold by
Marilyn Marilyn
Bought by
Marilyn J Taff Revocable Trust Pursuant
Source: Public Records

Range of Values:

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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
Cribb Amy Annette $1,600,000 None Available
Marilyn J Taff Revocable Trust Pursuant -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cribb Amy Annette $1,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $1,600,000 -15.3% $381 / Sq Ft
04/06/2017 04/06/17 Pending -- -- --
09/17/2016 09/17/16 For Sale $1,890,000 -- $450 / 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
2025 $9,143 $43,150 $15,000 $28,150
2024 $5,442 $43,150 $15,000 $28,150
2023 $5,438 $43,150 $15,000 $28,150
2022 $5,259 $43,150 $15,000 $28,150
2021 $2,351 $43,150 $15,000 $28,150
2020 $2,343 $43,150 $15,000 $28,150
2019 $2,325 $43,150 $15,000 $28,150
2018 $1,895 $43,150 $0 $0
2017 $1,815 $43,150 $0 $0
2016 $1,795 $43,150 $0 $0
2015 $1,718 $43,150 $0 $0
2014 $1,706 $43,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    JILL SCHWARTZ

    Long & Foster

  • Jennifer Barrows

    Buyer's Agent in 2017

    Jennifer Barrows

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-9505

    3 in this area

    236 Total Sales

    Jennifer Barrows
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001021978

Bright MLS

APN: 334-23.06-95.02

Delaware Sussex County Rehoboth Beach 19971

27 Palmer Ave, Rehoboth Beach, DE

This home is located at 27 Palmer Ave, Rehoboth Beach, DE 19971 since 17 September 2016 and is currently estimated at $2,826,089, approximately $672 per square foot. This property was built in 1994. 27 Palmer Ave 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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