NOT LISTED FOR SALE

31569 Rachel Ave Unit 6 Lewes, DE 19958

Estimated Value: $936,000 - $1,014,227

0.55 Acre
$1,753,740 Price per Acre
23,958 Sq Ft Lot

Last Sold November 12, 2020

Last sale price $135,250

Est. 613% increase in value since last sale

Current estimated payment $5,693/month

215 Days on Market

Highlights

  • Beach
  • Home fronts navigable water
  • Fitness Center
  • Love Creek Elementary School Rated A
  • Water Access
  • 0.55 Acre Lot

About This Lot

As of November 2020

BAYFRONT AT REHOBOTH : Experience luxury coastal living in this bayfront community with private beach on Rehoboth Bay, kayak launch, pool overlooking the wetlands & bay, community center with gym, walking trails, & more! Available as lot with no builder tie in or timeframe to build or as a lot home package. Start building your dream home today in this amenity rich development where HOA fees include all lawn maintenance, trash removal, amenities, and more! 12 Lots available ranging from $129,500 to $152,500. Last lots in community- get in before this beautiful bayfront community is sold out! Rare opportunity for a large 1/2 acre lot in an established community convenient to downtown Rehoboth and Lewes! Start living beach life today!

Last Agent to Sell the Property

Kim Hamer

Monument Sotheby's International Realty License #RS-0013968 Listed on: 02/14/2020

Monument Sotheby's International Realty

Last Buyer's Agent

Michael Kennedy

Compass License #RS-0024358

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $470

Lot Details

  • 0.55 Acre Lot
  • Home fronts navigable water
  • Wooded Lot
  • Additional Parcels
  • Property is zoned GENERAL RESIDENTIAL, General Residential

HOA Fees

  • $250 Monthly HOA Fees

Location

  • Flood Risk

Utilities

  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 234-18.00-440.00

Community Details

Overview

  • Bayfront At Rehoboth Subdivision

Amenities

  • Community Center

Recreation

  • Beach
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path
  • Water Access
  • Property near a bay
  • Lake Privileges

Property Details

Property Type

Land

Est. Annual Taxes

$470

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: BAYFRONT AT REHOBOTH : Experience luxury coastal living in this bayfront community with private beach on Rehoboth Bay, kayak launch, pool overlooking the wetlands & bay, community center with gym, walking trails, & more! Available as lot with no builder tie in or timeframe to build or as a lot home package. Start building your dream home today in this amenity rich development where HOA fees include all lawn maintenance, trash removal, amenities, and more! 12 Lots available ranging from $129,500 to $152,500. Last lots in community- get in before this beautiful bayfront community is sold out! Rare opportunity for a large 1/2 acre lot in an established community convenient to downtown Rehoboth and Lewes! Start living beach life today!
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 5.69
  • Street Number Modifier: 31569

Exterior Features

  • Construction Completed: No
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 3000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Cable, Community Center, Fitness Center, Jog/Walk Path, Tot Lots/Playground, Pool - Outdoor, Swimming Pool, Water/Lake Privileges
  • HOA: Yes
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Additional Parcels: Yes
  • Lot Features: Trees/Wooded
  • Lot Size Acres: 0.55
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23779.00
  • Year Assessed: 2019
  • Zoning: GENERAL RESIDENTIAL
  • Zoning Description: General Residential
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5154120
  • School Tax: 426.00
  • Tax Annual Amount: 470.00
  • Assessor Parcel Number: 234-18.00-440.00
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 11/12/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2022
Sold by
Foxlane Homes At Bayfront Llc
Bought by
Sanders Michael and Sanders Kelsey
Current Estimated Value
$964,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$788,405
Outstanding Balance
$733,484
Interest Rate
3.05%
Mortgage Type
VA
Estimated Equity
$209,038

Purchase Details

Listed on
Feb 14, 2020
Closed on
Nov 10, 2020
Sold by
Camden Hbr Invstr Llc
Bought by
Foxlane Hm Bayfront Llc
Seller's Agent
Kim Hamer
Monument Sotheby's International Realty
Buyer's Agent
Michael Kennedy
Compass
List Price
$132,500
Sold Price
$135,250
Premium/Discount to List
$2,750
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.23%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Sanders Michael $829,990 Bonnie M Benson Pa
Foxlane Hm Bayfront Llc $535,250 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders Michael $788,405
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $135,250 0.0% --
09/16/2020 09/16/20 Pending -- -- --
02/14/2020 02/14/20 Price Changed $135,250 +2.1% --
02/14/2020 02/14/20 For Sale $132,500 -- --
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 $2,243 $8,900 $8,900 $0
2023 $2,241 $8,900 $8,900 $0
2022 $2,163 $8,900 $8,900 $0
2021 $419 $8,900 $8,900 $0
2020 $418 $8,900 $8,900 $0
2019 $418 $8,900 $8,900 $0
2018 $391 $8,900 $0 $0
2017 $374 $8,900 $0 $0
2016 $356 $8,900 $0 $0
2015 $340 $8,900 $0 $0
2014 $337 $8,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU156096

Bright MLS

APN: 234-18.00-440.00