NOT LISTED FOR SALE

Estimated Value: $3,503,000 - $3,516,000

6 Beds
5.5 Baths
3,900 Sq Ft
$900/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $2,401,000 $616 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $19,490/month

Highlights

  • Home fronts navigable water
  • Private Beach
  • Gourmet Kitchen
  • Rehoboth Elementary School Rated A
  • Private Water Access
  • 0.23 Acre Lot

About This Home

As of September 2018

Making its debut on the market, this exquisite ocean-block masterpiece offers you the beach life you have always dreamed of. From sunrise to sunset, you ll love being here in Indian Beach. Entertain beneath the stars on your rooftop deck with panoramic views of the Atlantic Ocean and Rehoboth Bay, just steps from your own private, guarded beach. Enjoy gatherings in the spacious living and dining areas graced by a gas fireplace, bar with wine fridge, bay windows and glass sliding doors that lead out to the serenity of your three-season room and multilevel decks that surround your home. With unimpeded views of the gentle waves, the handsomely appointed open-plan chef's kitchen features crisp white custom cabinetry, contrasting granite countertops, and sea-foam glass subway tiles. Take a break and lounge on one of the many levels of sun decks and covered porches. Relax in the third level hot tub, swing in the charming hammock that hangs outside the ensuite on the second level or relax in the peaceful three-season room off the master suite that spans the north side. Choose your favorite spot to unwind and take in the beautiful vistas surrounding this extraordinary property. As the evening winds down, screen the latest releases or watch the big game in your private, surround-sound, 100-inch-screen home theater. The private gym and pool table sit nearby. A custom-designed executive office and oversized, air conditioned/heated two-car garage round out the many conveniences you will enjoy living in this dazzling destination resort home.The property is ideally positioned for the beach and nature enthusiast in a private community. Take in the views of the Rehoboth Bay Sailing Club or set sail with them. Walk to all the great restaurants and shops, and partake in the vibrant nightlife just minutes away! True luxury beach living is waiting for you between the coastline of the Atlantic Ocean and the shores of the Rehoboth Bay.

Last Agent to Sell the Property

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621 Listed on: 06/26/2018

Monument Sotheby's International Realty

Co-Listed By

Jennifer Barrows

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

Monument Sotheby's International Realty

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

  • $3,408

Year Built

  • Built in 2003

Lot Details

  • 9,997 Sq Ft Lot
  • Home fronts navigable water
  • Private Beach

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Partially Furnished
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Sliding Doors
  • Insulated Doors
  • Entrance Foyer
  • Great Room
  • Family Room Off Kitchen
  • Dining Room
  • Game Room
  • Sun or Florida Room
  • Home Gym

Kitchen

  • Gourmet Kitchen
  • Built-In Self-Cleaning Oven
  • Cooktop
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Private Water Access
  • Property is near an ocean
  • Multiple Balconies
  • Deck
  • Wrap Around Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • 200+ Amp Service
  • Propane Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • Equity Cap Property Management HOA, Phone Number (302) 703-1311
  • Indian Beach Subdivision
  • Property Manager

Listing and Financial Details

  • Tax Lot -6.06
  • Assessor Parcel Number 334-23.10-6.06

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,408

Year Built

Built in 2003

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2003
  • Remarks Public: Making its debut on the market, this exquisite ocean-block masterpiece offers you the beach life you have always dreamed of. From sunrise to sunset, you ll love being here in Indian Beach. Entertain beneath the stars on your rooftop deck with panoramic views of the Atlantic Ocean and Rehoboth Bay, just steps from your own private, guarded beach. Enjoy gatherings in the spacious living and dining areas graced by a gas fireplace, bar with wine fridge, bay windows and glass sliding doors that lead out to the serenity of your three-season room and multilevel decks that surround your home. With unimpeded views of the gentle waves, the handsomely appointed open-plan chef's kitchen features crisp white custom cabinetry, contrasting granite countertops, and sea-foam glass subway tiles. Take a break and lounge on one of the many levels of sun decks and covered porches. Relax in the third level hot tub, swing in the charming hammock that hangs outside the ensuite on the second level or relax in the peaceful three-season room off the master suite that spans the north side. Choose your favorite spot to unwind and take in the beautiful vistas surrounding this extraordinary property. As the evening winds down, screen the latest releases or watch the big game in your private, surround-sound, 100-inch-screen home theater. The private gym and pool table sit nearby. A custom-designed executive office and oversized, air conditioned/heated two-car garage round out the many conveniences you will enjoy living in this dazzling destination resort home.The property is ideally positioned for the beach and nature enthusiast in a private community. Take in the views of the Rehoboth Bay Sailing Club or set sail with them. Walk to all the great restaurants and shops, and partake in the vibrant nightlife just minutes away! True luxury beach living is waiting for you between the coastline of the Atlantic Ocean and the shores of the Rehoboth Bay.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Built-In Microwave, Dishwasher, Disposal, Oven - Wall, Oven - Single, Oven - Self Cleaning, Refrigerator, Water Heater, Washer, Extra Refrigerator/Freezer, Dryer, Trash Compactor
  • Flooring Type: Hardwood, Carpet, Tile/Brick
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Entry Level Bedroom, Family Room Off Kitchen, Dining Area, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Upgraded Countertops, Wet/Dry Bar, Window Treatments, Walk-In Closet(s), Bar
  • Window Features: Insulated, Storm
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Sliding Glass, Storm
  • Levels Count: 3+
  • Room List: Dining Room, Primary Bedroom, Kitchen, Game Room, Foyer, Sun/Florida Room, Exercise Room, Great Room, Laundry, Media Room, Primary Bathroom, Full Bath, Half Bath, Additional Bedroom
  • Basement: No
  • Laundry Type: Has Laundry, Main Floor
  • Total Sq Ft: 3900
  • Living Area Sq Ft: 3900
  • Price Per Sq Ft: 564.10
  • Above Grade Finished Sq Ft: 3900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 4
  • Upper Level Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower, Private Beach
  • Roof: Architectural Shingle
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean & Rehoboth Bay
  • 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, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Propane
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 2500.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: EQUITY CAP PROPERTY MANAGEMENT
  • HOA Phone: 302-703-1311
  • HOA: Yes
  • 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

  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9997.00
  • Outdoor Living Structures: Porch(es), Deck(s), Balconies- Multiple, Roof, Wrap Around
  • Zoning: L
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5205680
  • Tax Annual Amount: 3408.00
  • Assessor Parcel Number: 334-23.10-6.06
  • Tax Lot: -6.06
  • Tax Total Finished Sq Ft: 1733
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/14/2018

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
Jun 26, 2018
Closed on
Sep 14, 2018
Sold by
Mason Martin E and Mason Joan D
Bought by
Boyce 2Nd Edward G and Boyce Jennifer A
Seller's Agent
Brian Barrows
Monument Sotheby's International Realty
Buyer's Agent
Jennifer Barrows
Monument Sotheby's International Realty
List Price
$2,200,000
Sold Price
$2,401,000
Premium/Discount to List
$201,000
9.14%
Current Estimated Value
$3,509,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,108,500
Avg. Annual Appreciation
5.53%
Original Mortgage
$950,000
Outstanding Balance
$811,588
Interest Rate
4.1%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,697,912

Purchase Details

Closed on
Jul 23, 2003
Bought by
Mason Martin E and Mason Joan D
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
Boyce 2Nd Edward G $2,401,000 --
Mason Martin E $1,450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyce 2Nd Edward G $950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $2,401,000 +9.1% $616 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
06/26/2018 06/26/18 For Sale $2,200,000 -- $564 / 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 $8,112 $81,050 $15,000 $66,050
2024 $4,313 $81,050 $15,000 $66,050
2023 $4,310 $81,050 $15,000 $66,050
2022 $4,171 $81,050 $15,000 $66,050
2021 $4,135 $81,050 $15,000 $66,050
2020 $4,123 $81,050 $15,000 $66,050
2019 $4,107 $81,050 $15,000 $66,050
2018 $3,559 $81,050 $0 $0
2017 $3,408 $81,050 $0 $0
2016 $3,309 $81,050 $0 $0
2015 $3,126 $80,050 $0 $0
2014 $3,104 $80,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001975686

Bright MLS

APN: 334-23.10-6.06