NOT LISTED FOR SALE

Estimated Value: $502,867 - $3,236,000

5 Beds
2 Baths
1,800 Sq Ft
$1,066/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $2,500,000 $1,389 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $10,557/month

2 Days on Market

Highlights

  • Water Oriented
  • Building is oceanfront but unit may not have water views
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • 4-minute walk to Lake Gerar Park

About This Home

As of August 2021

Rare opportunity to own a 75’x 100’ parcel on one of the most sought-after locations in The Pines - Park Avenue. Perfectly positioned in the ocean block and just a short distance from the beach. This location offers excellent proximity to the boardwalk, restaurants, and all of Rehoboth’s amenities. This 1930’s cottage is surprisingly spacious and offers great potential. Upon entry the home features a large family room complete with a wood burning fireplace and high ceilings for a home of this age. Adjacent to the family room you will find a large flex space that is currently being used as a 5th bedroom, but appears to have been a study or den in the past. As you walk to the rear of the home you will find an eat-in kitchen that connects to a large formal dining room. A beautiful curved staircase decorated with an intricate railing guides you to the second floor where you will find 4 spacious bedrooms, a full bath and a walk-up attic. With a screened porch, beautiful mature trees and a detached garage, 30 Park Avenue offers many possibilities, but most important, a superb location!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/01/2021

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Carrie Lingo

(302) 500-0825 carrie@jacklingo.com Jack Lingo - Lewes License #RS-0017885

Jack Lingo - Lewes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,555

Year Built

  • Built in 1930

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 75.00 x 100.00
  • Building is oceanfront but unit may not have water views
  • Landscaped
  • Property is zoned TN, Town Code

Home Design

  • Coastal Architecture
  • Cottage
  • Block Foundation
  • Stick Built Home

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Crown Molding
  • Paneling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Window Treatments
  • Window Screens
  • Great Room
  • Formal Dining Room
  • Den
  • Screened Porch
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 2 Driveway Spaces

Accessible Home Design

  • Chairlift

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Shed

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 334-14.09-178.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,555

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Chairlift
  • Ownership: Fee Simple
  • Exclusions: Personal photos
  • Historic: No
  • Inclusions: Furnishings
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to own a 75’x 100’ parcel on one of the most sought-after locations in The Pines - Park Avenue. Perfectly positioned in the ocean block and just a short distance from the beach. This location offers excellent proximity to the boardwalk, restaurants, and all of Rehoboth’s amenities. This 1930’s cottage is surprisingly spacious and offers great potential. Upon entry the home features a large family room complete with a wood burning fireplace and high ceilings for a home of this age. Adjacent to the family room you will find a large flex space that is currently being used as a 5th bedroom, but appears to have been a study or den in the past. As you walk to the rear of the home you will find an eat-in kitchen that connects to a large formal dining room. A beautiful curved staircase decorated with an intricate railing guides you to the second floor where you will find 4 spacious bedrooms, a full bath and a walk-up attic. With a screened porch, beautiful mature trees and a detached garage, 30 Park Avenue offers many possibilities, but most important, a superb location!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Microwave, Washer, Dryer, Water Heater, Exhaust Fan
  • Flooring Type: Hardwood, Vinyl
  • Interior Amenities: Window Treatments, Combination Kitchen/Dining, Crown Moldings, Dining Area, Formal/Separate Dining Room, Kitchen - Eat-In, Wood Floors
  • Window Features: Screens
  • Fireplace Features: Wood, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: 9'+ Ceilings, Paneled Walls
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Den, Basement, Bedroom 1, Great Room, Bathroom 1, Bathroom 2, Screened Porch
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Main Floor
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 1388.89
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 30

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Stick Built
  • Road Surface Type: Paved
  • Roof: Unknown
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 2
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Zoned
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone Available
  • 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: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Land Use Code: RS
  • Lot Features: Landscaping
  • Lot Size Acres: 0.17
  • Lot Dimensions: 75.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2020
  • Zoning: TN
  • Zoning Description: Town Code
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 1371.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2555.00
  • Assessor Parcel Number: 334-14.09-178.00
  • Tax Lot: 28
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/27/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Aug 27, 2021
Sold by
Smith Ellen M and Ward Bonnie L
Bought by
James E Keating Ret
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$2,500,000
Sold Price
$2,500,000
Current Estimated Value
$1,918,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$581,283
Avg. Annual Appreciation
-6.27%
Original Mortgage
$750,000
Outstanding Balance
$572,479
Interest Rate
2.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,346,238

Purchase Details

Closed on
Jul 6, 1999
Bought by
Smith Ellen Maude and Bonnie Lou Ward
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
James E Keating Ret $2,500,000 None Available
Smith Ellen Maude -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open James E Keating Ret $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $2,500,000 0.0% $1,389 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $2,500,000 -- $1,389 / 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 $4,603 $32,250 $18,750 $13,500
2024 $2,191 $32,250 $18,750 $13,500
2023 $2,189 $32,250 $18,750 $13,500
2022 $1,533 $32,250 $18,750 $13,500
2021 $1,519 $32,250 $18,750 $13,500
2020 $1,514 $32,250 $18,750 $13,500
2019 $1,516 $32,250 $18,750 $13,500
2018 $1,416 $32,250 $0 $0
2017 $1,356 $32,250 $0 $0
2016 $1,288 $32,250 $0 $0
2015 $1,231 $32,250 $0 $0
2014 $1,222 $32,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2000690

Bright MLS

APN: 334-14.09-178.00