302 Laurel St Rehoboth Beach, DE 19971
Estimated Value: $474,785 - $2,707,000
5
Beds
4.5
Baths
3,700
Sq Ft
$372/Sq Ft
Est. Value
Highlights
- Eat-In Gourmet Kitchen
- Coastal Architecture
- Main Floor Bedroom
- Rehoboth Elementary School Rated A
- Wood Flooring
- 3-minute walk to Rehoboth Elementary Playground
About This Home
As of May 2022Built in 2018 by Echelon Custom Homes, this home is located on one of the quietest streets in town, with ample parking. Park the car and walk to Rehoboth Avenue for dinner, the boardwalk for a stroll or sit on the quiet front porch or large back patio. The owners thought of everything as this home was built with multiple gathering spaces, including a fully-equipped game room on the lower level. Features include double off-street parking spaces and a large outdoor closet for bikes & beach equipment. With a proven rental history, $127k of gross rental income in 2021 (notwithstanding part-time owner use), this is the perfect Rehoboth beach house for family enjoyment and income generation if desired.
Facts & Features: 3000 sf + Lower Level Game Room. 5 Bedrooms, 4.5 Baths. Wide-open floorplan featuring chef's kitchen with double islands, 2 dishwashers, 2 ovens & a wine fridge. Sleeping capacity of 14+. High efficiency HVAC and dual oversized water heaters. Outdoor beach and bike closet. Oversized solar system on roof (Owned). Professionally decorated – FULLY furnished (excluding 1 painting.) Large rear patio with pergola & outdoor teak dining table. Fully fenced backyard for privacy and pets. Private outdoor shower.
Rentals: Turnkey rental with great income potential and history. The owner's family used this home regularly and yet generated significant rental income to help offset the expenses of a beach home. This home has 35 Five Star Reviews as a vacation rental:
"What a beautiful open, gorgeous space with every amenity. The chef's kitchen, first and second floor living areas, double master bedrooms, easy proximity to the beach and town. Spotless brand new construction, lovely decoration, we camped out there and only went out to dinner once in five days it was so nice to be there! An oasis of a house in Rehoboth." "We just loved the house and the neighborhood. The kitchen is first rate, with two dishwashers and a wide open island. The dining room table runs alongside the kitchen and also opens into the living room area. The huge TV can be viewed from the kitchen as well as several surrounding sofas. Lots of closets and storage space. There is a master bedroom both on the first floor and the second floor so adults can be downstairs and the kids upstairs. We walked to the beach every single morning, and walked into town regularly. The house is spacious without being overwhelming and just filled with sunlight. A real find." Guest bookings through 8/20/22 to be inherited/honored by new owners. All rentals must be honored.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,350
Year Built
- Built in 2018
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 50.00 x 100.00
- Downtown Location
- North Facing Home
- Vinyl Fence
- Sprinkler System
- Property is in excellent condition
- Property is zoned TN
HOA Fees
- $2 Monthly HOA Fees
Home Design
- Coastal Architecture
- Block Foundation
- Frame Construction
- Asphalt Roof
- HardiePlank Type
Interior Spaces
- Property has 2 Levels
- Furnished
- Ceiling height of 9 feet or more
- Ceiling Fan
- Recessed Lighting
- Window Treatments
- Window Screens
- Open Floorplan
- Dining Area
- Game Room
Kitchen
- Eat-In Gourmet Kitchen
- Microwave
- Extra Refrigerator or Freezer
- Ice Maker
- Dishwasher
- Kitchen Island
- Wine Rack
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- En-Suite Bathroom
- Walk-In Closet
Laundry
- Laundry on upper level
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
Eco-Friendly Details
- Solar owned by seller
Outdoor Features
- Outdoor Shower
- Patio
- Outdoor Storage
- Outdoor Grill
- Playground
Utilities
- Central Air
- Heat Pump System
- Underground Utilities
- 200+ Amp Service
- Electric Water Heater
- Municipal Trash
Community Details
- Country Club Estate Owners HOA
- Built by Echelon Custom Homes
- Country Club Estates Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 16
- Assessor Parcel Number 334-14.17-264.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2022
Closed on
May 22, 2022
Sold by
Odonnell Mark G
Bought by
Crabdev Llc
Seller's Agent
Andy Meddick
Keller Williams Realty
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$2,295,000
Sold Price
$2,395,000
Premium/Discount to List
$100,000
4.36%
Total Days on Market
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,020,405
Avg. Annual Appreciation
-19.93%
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Similar Homes in Rehoboth Beach, DE
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Crabdev Llc | $2,395,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Crabdev Llc | $1,437,000 | |
| Previous Owner | Delaplane James M | $522,500 | |
| Previous Owner | Odonnell Mark G | $894,300 | |
| Previous Owner | O'Donnell Mark | $4,170,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2022 05/27/22 | Sold | $2,395,000 | +4.4% | $647 / Sq Ft |
| 05/07/2022 05/07/22 | Pending | -- | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $2,295,000 | -- | $620 / Sq Ft |
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 | $1,912 | $19,600 | $6,250 | $13,350 |
| 2023 | $1,911 | $19,600 | $6,250 | $13,350 |
| 2022 | $1,844 | $19,600 | $6,250 | $13,350 |
| 2021 | $1,827 | $19,600 | $6,250 | $13,350 |
| 2020 | $1,822 | $19,600 | $6,250 | $13,350 |
| 2019 | $1,824 | $19,600 | $6,250 | $13,350 |
| 2018 | $1,704 | $38,800 | $0 | $0 |
| 2017 | $824 | $19,600 | $0 | $0 |
| 2016 | $783 | $19,600 | $0 | $0 |
| 2015 | $748 | $19,600 | $0 | $0 |
| 2014 | $743 | $19,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Meddick
A
Seller's Agent in 2022
Andy Meddick
Keller Williams Realty
(302) 381-6182
5 in this area
5 Total Sales
-
Carrie Lingo
Buyer's Agent in 2022
Carrie Lingo
Jack Lingo - Lewes
(302) 500-0825
163 in this area
949 Total Sales
-
Merritt Cooch
Buyer Co-Listing Agent in 2022
Merritt Cooch
Jack Lingo - Lewes
(302) 562-7954
18 in this area
85 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2021010
APN: 334-14.17-264.00
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