NOT LISTED FOR SALE

3 Prospect St Rehoboth Beach, DE 19971

Estimated Value: $3,951,000 - $5,061,000

5 Beds
4.5 Baths
2,728 Sq Ft
$1,693/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2019

Last sale price $2,950,000 $1,081 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $25,169 / mo

323 Days on Market

Highlights

  • Ocean View
  • Built in 2018 | Newly Remodeled
  • Gourmet Kitchen
  • Rehoboth Elementary School Rated A
  • Water Oriented
  • Open Floorplan

About This Home

As of July 2019

Enjoy beautiful ocean & Silver Lake views from this stunning new construction home in the ocean block of South Rehoboth. This home will not disappoint any buyer with unparalleled quality finishes and attention to detail. The stone floor front porch and gorgeous solid mahogany front door set the stage for the impressive interior that is flooded with natural light. This home boasts almost 3,200 SF of exquisite indoor and outdoor living spaces including 5 bedrooms, 4.5 marble tile baths, inverted open floor plan, elevator, vaulted ceilings, wide plank oak floors, two fireplaces and unfinished basement. The gourmet kitchen features floor to ceiling custom cabinetry, quartz counters, large island perfect for entertaining and Wolfe/Sub-Zero appliances. 1st and 2nd floor master suites and 5th bedroom easily utilized as an executive office or den provides versatility for any buyer. The ocean sunrises and Silver Lake sunsets from the ipe wood balcony covered by a beautiful pergola with retractable awning is a feature that only this location can offer. The list goes on and on and and it is one of the more special homes offered for sale in Rehoboth Beach.

Last Agent to Sell the Property

Bryce Lingo

(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/25/2018

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

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

Last Buyer's Agent

Jennifer Lamson

(302) 227-6767 justin.healy@msir.net Monument Sotheby's International Realty License #RS-0021142

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,049

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Partially Fenced Property
  • Property is zoned TOWN CODES

Property Views

  • Ocean
  • Lake

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,728 Sq Ft Home
  • Property has 2 Levels
  • Elevator
  • Open Floorplan
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • French Doors
  • Combination Kitchen and Living
  • Dining Area
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry on lower level

Kitchen

  • Gourmet Kitchen
  • Built-In Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Instant Hot Water

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • Walk-In Closet

Parking

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

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Balcony
  • Porch

Utilities

  • Cooling Available
  • Heat Pump System
  • 200+ Amp Service
  • Tankless Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.06-104.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,049

Year Built

Built in 2018 | Newly Remodeled

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2018
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Range Hood, Built-In Range, Oven - Wall, Microwave, Dishwasher
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Elevator, Combination Kitchen/Living, Dining Area, Floor Plan - Open, Kitchen - Island, Kitchen - Gourmet, Recessed Lighting, Walk-In Closet(s)
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French
  • Wall Ceiling Types: 2 Story Ceilings
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Lower Floor, Upper Floor
  • Total Sq Ft: 2728
  • Living Area Sq Ft: 2728
  • Price Per Sq Ft: 1200.51
  • Above Grade Finished Sq Ft: 2728
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • View: Lake, Ocean
  • Water Access: No
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Electric Service: Circuit Breakers, 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Tankless, Instant Hot Water
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Partially
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Zoning: TOWN CODES
  • In City Limits: Yes

Rental Info

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

Tax Info

  • School Tax: 1841.05
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2048.65
  • Assessor Parcel Number: 334-20.06-104.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2018
Closed on
Jul 17, 2019
Sold by
Cooper Frank B and Bisch John J
Bought by
Sweeney Diane
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Jennifer Lamson
Monument Sotheby's International Realty
List Price
$3,500,000
Sold Price
$2,950,000
Premium/Discount to List
-$550,000
-15.71%
Current Estimated Value
$4,617,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,667,667
Avg. Annual Appreciation
6.87%

Purchase Details

Closed on
Sep 25, 2015
Sold by
The Linda K Keeler Revocable Trust
Bought by
Cooper Frank B and Bisch John J

Purchase Details

Closed on
Dec 20, 2013
Sold by
Linda K Linda K
Bought by
Keeler Linda K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sweeney Diane $2,950,000 --
Cooper Frank B $1,300,000 None Available
Keeler Linda K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cooper Frank B $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $2,950,000 -9.9% $1,081 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
03/06/2019 03/06/19 Price Changed $3,275,000 -6.4% $1,201 / Sq Ft
07/25/2018 07/25/18 For Sale $3,500,000 -- $1,283 / Sq Ft
Source: Bright MLS

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 $6,221 $27,550 $12,500 $15,050
2024 $2,299 $27,550 $12,500 $15,050
2023 $2,297 $27,550 $12,500 $15,050
2022 $2,217 $27,550 $12,500 $15,050
2021 $2,197 $27,550 $12,500 $15,050
2020 $2,190 $27,550 $12,500 $15,050
2019 $2,193 $27,550 $12,500 $15,050
2018 $2,049 $46,650 $0 $0
2017 $1,159 $27,550 $0 $0
2016 $1,100 $27,550 $0 $0
2015 $632 $27,550 $0 $0
2014 $621 $27,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002068674

Bright MLS

APN: 334-20.06-104.00

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