$1,470,000
SOLD NOV 30, 2020

3 State Rd Rehoboth Beach, DE 19971

5 Beds
4.5 Baths
2,587 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$568 Per Sq Ft

7% Below List Price

95 Days on Market

Highlights

  • Water Access
  • New Construction
  • Open Floorplan
  • Rehoboth Elementary School Rated A
  • Gourmet Kitchen
  • 4-minute walk to Rehoboth Canal Walk

About This Home

As of November 2020

Visit this home virtually: http://www.vht.com/434081113/IDXS - Rarely available new construction in Rehoboth Beach. This gorgeous 5BR, 4.5B sun filled contemporary boasts a dramatic and open floor plan that will please the most discriminating buyers. Noteworthy features: gourmet stainless & quartz kitchen, wet bar w/wine chiller, 1st floor laundry, bedroom w/private bath and great room w/coffered, 9’ ceilings & propane fireplace. The second story includes master w/full bath and 2 walk-in closets, second bedroom with ensuite bath and two additional bedrooms adjoined by a Jack & Jill bath. Recessed lighting throughout, custom moldings, Wainscoting, screened front porch, outdoor shower, 6’6” basement and more! Convenient location-you are a short walk to restaurants, shops and the beach. Act quickly while you can still add your personal finishes and selections. Quality construction by Evergreene Builders.

Last Agent to Sell the Property

George Manolakos

Patterson-Schwartz-Brandywine Listed on: 07/03/2020

Patterson-Schwartz-Brandywine

Co-Listed By

Philip Manolakos

Patterson-Schwartz-Brandywine

Last Buyer's Agent

Christopher Beagle

Compass License #RS-0020683

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,177

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Property is zoned TN

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Wood Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,587 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Wainscoting
  • Gas Fireplace
  • Great Room
  • Dining Room
  • Screened Porch
  • Wood Flooring
  • Laundry on main level
  • Unfinished Basement

Kitchen

  • Gourmet Kitchen
  • Built-In Oven
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Deck
  • Screened Patio

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Built by EVERGREENE
  • Encampment Grounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-211.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,177

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Visit this home virtually: http://www.vht.com/434081113/IDXS - Rarely available new construction in Rehoboth Beach. This gorgeous 5BR, 4.5B sun filled contemporary boasts a dramatic and open floor plan that will please the most discriminating buyers. Noteworthy features: gourmet stainless & quartz kitchen, wet bar w/wine chiller, 1st floor laundry, bedroom w/private bath and great room w/coffered, 9’ ceilings & propane fireplace. The second story includes master w/full bath and 2 walk-in closets, second bedroom with ensuite bath and two additional bedrooms adjoined by a Jack & Jill bath. Recessed lighting throughout, custom moldings, Wainscoting, screened front porch, outdoor shower, 6’6” basement and more! Convenient location-you are a short walk to restaurants, shops and the beach. Act quickly while you can still add your personal finishes and selections. Quality construction by Evergreene Builders.
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Oven - Wall
  • Flooring Type: Wood
  • Interior Amenities: Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Wainscotting, Walk-In Closet(s), Wet/Dry Bar, Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Bedroom 1, Great Room, Screened Porch
  • Basement: Yes
  • Basement Type: Unfinished
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2587
  • Living Area Sq Ft: 2587
  • Price Per Sq Ft: 575.18
  • Above Grade Finished Sq Ft: 2587
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stick Built, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle, Wood
  • Water Access: Yes
  • 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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Propane - Leased
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50x100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Building Info

  • Builder Name: EVERGREENE

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5194686
  • School Tax: 1971.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2177.00
  • Assessor Parcel Number: 334-13.20-211.00
  • Tax Year: 2019
  • Close Date: 11/30/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2022
Sold by
Pollack David M
Bought by
David M Pollack M and David Leslie J
Current Estimated Value
$2,318,209

Purchase Details

Listed on
Jul 3, 2020
Closed on
Nov 18, 2020
Sold by
Panetis Konstantinos
Bought by
Pollack David M and Pollack Leslie J
Seller's Agent
George Manolakos
Patterson-Schwartz-Brandywine
Buyer's Agent
Christopher Beagle
Compass
List Price
$1,579,000
Sold Price
$1,470,000
Premium/Discount to List
-$109,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$709,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Oct 26, 2019
Closed on
Jan 9, 2020
Sold by
20 Rehoboth Avenue Llc
Bought by
Panetis Konsttantinos
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Philip Manolakos
Patterson-Schwartz-Brandywine
List Price
$1,400,000
Sold Price
$1,350,000
Premium/Discount to List
-$50,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.04%
Original Mortgage
$1,486,626
Interest Rate
3.9%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 3, 2011
Bought by
20 Rehoboth Avenue Llc

Purchase Details

Closed on
Dec 7, 2010
Bought by
20 Rehoboth Avenue Llc
Source: Public Records

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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 Type Sale Price Title Company
Deed -- --
Deed $1,470,000 None Available
Deed $1,350,000 None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $650,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $709,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $1,486,626 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $1,470,000 -1.2% $568 / Sq Ft
09/04/2020 09/04/20 Price Changed $1,488,000 -5.8% $575 / Sq Ft
07/03/2020 07/03/20 For Sale $1,579,000 +17.0% $610 / Sq Ft
01/09/2020 01/09/20 Sold $1,350,000 -3.6% $662 / Sq Ft
11/15/2019 11/15/19 Pending -- -- --
10/26/2019 10/26/19 For Sale $1,400,000 -- $687 / 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
2024 $1,673 $46,300 $12,500 $33,800
2023 $1,672 $46,300 $12,500 $33,800
2022 $1,614 $46,300 $12,500 $33,800
2021 $1,599 $46,300 $12,500 $33,800
2020 $2,174 $46,300 $12,500 $33,800
2019 $2,177 $46,300 $12,500 $33,800
2018 $2,033 $46,300 $0 $0
2017 $1,947 $46,300 $0 $0
2016 $1,849 $46,300 $0 $0
2015 $2,050 $53,700 $0 $0
2014 $2,035 $53,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • George Manolakos

    Seller's Agent in 2020

    George Manolakos

    Patterson Schwartz

    (302) 529-2690

    6 in this area

    204 Total Sales

    George Manolakos
    Section Image
  • DEBBIE REED

    Seller's Agent in 2020

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    289 in this area

    871 Total Sales

    DEBBIE REED
    Section Image
  • Philip Manolakos

    Seller Co-Listing Agent in 2020

    Philip Manolakos

    Patterson Schwartz

    (302) 824-5300

    10 in this area

    15 Total Sales

    Philip Manolakos
    Section Image
  • Cyndi Marsh

    Seller Co-Listing Agent in 2020

    Cyndi Marsh

    RE/MAX

    (302) 363-5734

    32 in this area

    77 Total Sales

    Cyndi Marsh
    Section Image
  • Christopher Beagle

    Buyer's Agent in 2020

    Christopher Beagle

    Compass

    (215) 262-6209

    35 in this area

    68 Total Sales

    Christopher Beagle
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU163940

Bright MLS

APN: 334-13.20-211.00

Delaware Sussex County Rehoboth Beach 19971

3 State Rd, Rehoboth Beach, DE

This home is located at 3 State Rd, Rehoboth Beach, DE 19971 and is currently priced at $1,470,000, approximately $568 per square foot. This property was built in 2020. 3 State Rd is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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