J
Seller's Agent in 2025
Jordan Geyer
Jack Lingo - Rehoboth
3 Laurel St Rehoboth Beach, DE 19971
0.11
Acre
$15,454,545
Price per Acre
5,000
Sq Ft Lot
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 2023Build 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
Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/02/2022
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2022
Closed on
May 16, 2023
Sold by
Revocable Trust
Bought by
3 Laurel Revex Llc
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
170
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.62%
Original Mortgage
$2,800,000
Outstanding Balance
$2,732,640
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$319,027
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,700,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,800,000 | New Conventional | |
| Previous Owner | $285,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | For Sale | $4,599,000 | +170.5% | $1,840 / 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 Compared to Growth
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 | $2,395 | $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
-
-
B
Seller's Agent in 2023
Bryce Lingo
Jack Lingo - Rehoboth
-
S
Seller Co-Listing Agent in 2023
Shaun Tull
Jack Lingo - Rehoboth
Map
Source: Bright MLS
MLS Number: DESU2024544
APN: 334-14.18-95.01
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