NOT LISTED FOR SALE

3 Laurel St Rehoboth Beach, DE 19971

Estimated Value: $3,770,000 - $4,355,000

0.11 Acres
$36,931,818 Price per Acre
5,000 Sq Ft Lot

Sale Details

Date Sold: May 18, 2023

Last sale price $1,700,000

Est. 139% increase in value since last sale

Current estimated payment $22,404 / mo

202 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • No HOA
  • Rehoboth Elementary School Rated A
  • Building is oceanfront but unit may not have water views

About This Lot

As of May 2023

Build the home of your dreams in the ocean block South Rehoboth with potential for ocean views and breezes! This rarely available 50'x 100' building lot on Laurel Street has already been cleared, graded and ready for construction. Just one lot off the beach, this property is less than 150 feet to the boardwalk and beach, and within walking distance to the many shops and restaurants that line Rehoboth Avenue.

Last Agent to Sell the Property

Bryce Lingo

(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/02/2022

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 227-3883 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Jordan Geyer

(302) 227-3883 jgeyer05@gmail.com Jack Lingo - Rehoboth License #RS-0021096

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,504

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Building is oceanfront but unit may not have water views
  • Cleared Lot
  • Property is zoned TN

Property Views

  • Ocean Views

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 334-14.18-95.01

Community Details

Overview

  • No Home Owners Association
  • South Rehoboth Subdivision

Recreation

  • Water Oriented
  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$1,504

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 359.00

Exterior Features

  • Construction Completed: No
  • View: Ocean
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

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

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Cleared
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Zoning: TN
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 708.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1504.00
  • Assessor Parcel Number: 334-14.18-95.01
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2022
Closed on
May 16, 2023
Sold by
Bought by
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Jordan Geyer
Jack Lingo - Rehoboth
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%
Views
145
Current Estimated Value
$4,062,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,362,500
Avg. Annual Appreciation
33.06%
Original Mortgage
$2,800,000
Outstanding Balance
$2,720,570
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$1,341,930
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,700,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,800,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/18/2023 05/18/23 Sold $1,700,000 -5.3% --
01/20/2023 01/20/23 Pending -- -- --
11/17/2022 11/17/22 Price Changed $1,795,000 -5.3% --
09/23/2022 09/23/22 Price Changed $1,895,000 -5.0% --
07/02/2022 07/02/22 For Sale $1,995,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,760 $16,600 $12,500 $4,100
2024 $2,395 $16,600 $12,500 $4,100
2023 $817 $16,600 $12,500 $4,100
2022 $789 $16,600 $12,500 $4,100
2021 $782 $16,600 $12,500 $4,100
2020 $779 $16,600 $12,500 $4,100
2019 $773 $16,600 $12,500 $4,100
2018 $729 $16,600 $0 $0
2017 $698 $16,600 $0 $0
2016 $663 $16,600 $0 $0
2015 $634 $16,600 $0 $0
2014 $629 $16,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2023

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    153 in this area

    281 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull

    Seller Co-Listing Agent in 2023

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    164 in this area

    260 Total Sales

    Shaun Tull
    Section Image
  • Jordan Geyer

    Buyer's Agent in 2023

    Jordan Geyer

    Jack Lingo - Rehoboth

    (302) 745-8286

    1 in this area

    11 Total Sales

    Jordan Geyer
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2024544

Bright MLS

APN: 334-14.18-95.01

Delaware Sussex County Rehoboth Beach 19971

3 Laurel St, Rehoboth Beach, DE

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