NOT LISTED FOR SALE

27 Virginia Ave Rehoboth Beach, DE 19971

Estimated Value: $2,073,061 - $3,244,000

5 Beds
3.5 Baths
-- Sq Ft
3,441 Sq Ft Lot

Last Sold May 04, 2015

Last sale price $1,620,000

Est. 74% increase in value since last sale

Current estimated payment $15,220/month

189 Days on Market

Highlights

  • Ocean View
  • Waterfront
  • Deck
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • 4-minute walk to Lake Gerar Park

About This Home

As of May 2015

Expertly renovated ocean block home, completely restored in 2006. Stunning ocean views from rooftop deck, lake views from decks & screened porch. Features classic 1920s fixtures yet is fully upgraded with modern amenities. Original wood floors, crown moldings & trim throughout, spacious backyard.

Last Agent to Sell the Property

Kathleen Schell

(302) 841-0549 kathleen.Schell@oasir.net Monument Sotheby's International Realty Listed on: 09/20/2014

Monument Sotheby's International Realty

Co-Listed By

Justin Healy

(302) 542-6610 justin.healy@oasir.net Monument Sotheby's International Realty License #RB-0003444

Last Buyer's Agent

PAULA CASTIGLIONE

(302) 226-6637 realestatewithpaula@gmail.com Jack Lingo - Rehoboth License #RS-0019057

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1926

Lot Details

  • Waterfront
  • Landscaped
  • Sprinkler System
  • Partially Wooded Lot

Home Design

  • Coastal Architecture
  • Shingle Roof
  • Asphalt Roof
  • Shake Siding
  • Concrete Perimeter Foundation
  • Stick Built Home
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Ocean Views
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Brick Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near a pond
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Dehumidifier
  • Heating System Uses Propane
  • Heat Pump System
  • Propane 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 334-14.13-334.00

Home Details

Home Type

Single Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic, Kitchen - Eat-In, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Level Count: 3
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry, Additional Bedroom
  • Basement: Yes
  • Basement Type: Full, Interior Access, Unfinished

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Construction Materials: Stick Built, Cedar, Shake Siding
  • Construction Completed: Yes
  • Exterior Features: Lawn Sprinkler
  • Roof: Shingle, Asphalt
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Brick Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Dehumidifier, Central A/C, Heat Pump(s)
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Wood Burn Stove, Forced Air, Propane
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Features: Landscaping, Partly Wooded, Trees/Wooded
  • Outdoor Living Structures: Deck(s), Porch(es), Screened

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5195729
  • Assessor Parcel Number: 334-14.13-334.00
  • County Tax Payment Frequency: Annually

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2015
Sold by
Rey David S and Rey Diane M
Bought by
Rey David S and Rey Diane M
Current Estimated Value
$2,826,265

Purchase Details

Listed on
Sep 20, 2014
Closed on
May 4, 2015
Sold by
Darren Darren and Didio Shaffer Kyle
Bought by
Rey David S and Rey Diane M
Seller's Agent
Kathleen Schell
Monument Sotheby's International Realty
Buyer's Agent
PAULA CASTIGLIONE
Jack Lingo - Rehoboth
List Price
$1,620,000
Sold Price
$1,620,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%

Purchase Details

Listed on
Jun 19, 2011
Closed on
Apr 3, 2013
Sold by
Shaffer Darren and Didio Shaffer Kyle
Bought by
Hines Howard C and Albert Mark E
Seller's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
Buyer's Agent
Kathleen Schell
Monument Sotheby's International Realty
List Price
$1,400,000
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$1,000,000
Interest Rate
3.55%

Purchase Details

Listed on
Jun 19, 2011
Closed on
Mar 28, 2013
Sold by
Shaffer Darren and Didio Shaffer Kyle
Bought by
Hines Howard C and Albert Mark E
Seller's Agent
Mike Kogler Team
Long & Foster Real Estate, Inc.
Buyer's Agent
Kathleen Schell
Monument Sotheby's International Realty
List Price
$1,400,000
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rey David S -- None Available
Rey David S -- --
Hines Howard C $1,400,000 --
Hines Howard C $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hines Howard C $1,000,000
Previous Owner Hines Howard C $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2015 05/04/15 Sold $1,620,000 0.0% --
03/28/2015 03/28/15 Pending -- -- --
09/20/2014 09/20/14 For Sale $1,620,000 +15.7% --
03/28/2013 03/28/13 Sold $1,400,000 0.0% -- View Prior Sale
03/19/2013 03/19/13 Pending -- -- --
06/19/2011 06/19/11 For Sale $1,400,000 -- --
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 $4,246 $41,800 $11,400 $30,400
2024 $2,060 $41,800 $11,400 $30,400
2023 $2,058 $41,800 $11,400 $30,400
2022 $1,987 $41,800 $11,400 $30,400
2021 $1,968 $41,800 $11,400 $30,400
2020 $1,962 $41,800 $11,400 $30,400
2019 $1,965 $41,800 $11,400 $30,400
2018 $1,836 $41,800 $0 $0
2017 $1,758 $41,800 $0 $0
2016 $1,670 $41,800 $0 $0
2015 $1,595 $41,800 $0 $0
2014 $1,584 $41,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Schell

    Seller's Agent in 2015

    Kathleen Schell

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-0549

    7 in this area

    16 Total Sales

    Kathleen Schell
    Section Image
  • Justin Healy

    Seller Co-Listing Agent in 2015

    Justin Healy

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-6610

    10 in this area

    22 Total Sales

    Justin Healy
    Section Image

  • P

    Buyer's Agent in 2015

    PAULA CASTIGLIONE

    Jack Lingo - Rehoboth

    Section Image
  • Mike Kogler Team

    Seller's Agent in 2013

    Mike Kogler Team

    Long & Foster

    (302) 227-2541

    36 in this area

    87 Total Sales

    Mike Kogler Team
    Section Image

  • V

    Seller Co-Listing Agent in 2013

    VIRGINIA EGAN

    Long & Foster

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000985838

Bright MLS

APN: 334-14.13-334.00

Delaware Sussex County Rehoboth Beach 19971

27 Virginia Ave, Rehoboth Beach, DE

Not Listed for Sale

Detached

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