NOT LISTED FOR SALE

316 Salisbury St Rehoboth Beach, DE 19971

Estimated Value: $578,752 - $3,936,000

6 Beds
4.5 Baths
5,033 Sq Ft
$498/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $2,395,000 $476 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $13,727/month

5 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Primary bedroom faces the bay
  • Access to Tidal Water
  • Rehoboth Elementary School Rated A
  • Boat Ramp
  • Concrete Pool

About This Home

As of October 2019

Spectacular Rehoboth Bay front opportunity! Introducing 316 Salisbury Street located in the sought-after bayfront community of Seabreeze and one of the area's best kept secrets. Seabreeze is tucked away from everything, although situated just a few blocks from the ocean beaches, local marinas, restaurants and amazing entertainment options. This home is a charming cedar shake Cape Cod situated on a spacious .39-acre lot with 100 feet of newly bulk-headed direct bay frontage. The welcoming front porch is surrounded by beautiful hydrangeas, knock out roses and mature magnolias that offer the utmost privacy. Upon entry, prepare to be wowed by the striking panoramic views of the Rehoboth Bay through the wall of windows and doors at the rear of the home. The open and airy floorplan is very unassuming offering an abundance of space for entertaining or just simply relaxing. The spacious great room with a wood burning fireplace creates the most intimate of settings. Adjacent to the great room is an elegant dining area that is perfect for more formal occasions and central to everything the home has to offer. In addition, the first floor features a cozy family room complete with another wood burning fireplace that opens to the kitchen. In total, 316 Salisbury boasts 6 sun drenched bedrooms, 4 full baths and one half bath, with 5 bedrooms having access to outdoor living space and offering breathtaking bay views. There is a 2nd level den which is the ideal space for a playroom, hobby room or 7th bedroom if desired. If the interior of the home did not grab your attention, the exterior living spaces are sure to peak your interest. Enjoy the activity on the bay from your cozy pergola aside your personal in-ground pool. The extensive patio complete with an outdoor fireplace creates the ideal ambiance for dinner parties, while mother nature closes out the evening with an amazing sunset! This is a perfect location for launching your kayak, paddleboard or jet skis. If you are a boater, permission can be granted to build a pier to access deeper water and the community boat launch is just steps away. Truly, a home like no other and a must see!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 08/22/2019

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

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

Last Buyer's Agent

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 08/22/2019

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,537

Year Built

  • Built in 1964

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 115.00 x 160.14
  • 100 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Extensive Hardscape
  • Premium Lot
  • Sprinkler System
  • Back Yard Fenced
  • Property is in very good condition
  • Property is zoned MR

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 5 Open Parking Spaces
  • Oversized Parking
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Cape Cod Architecture
  • Architectural Shingle Roof
  • Shake Siding
  • Stick Built Home
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Brick Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • French Doors
  • Insulated Doors
  • Great Room
  • Family Room Off Kitchen
  • Dining Room
  • Den
  • Bay Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • Walk-In Closet
  • Dual Flush Toilets

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Doors swing in

Pool

  • Concrete Pool
  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Access to Tidal Water
  • Private Water Access
  • Property near a bay
  • Bulkhead
  • Rip-Rap
  • Balcony
  • Patio
  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Back Up Gas Heat Pump System
  • Heating System Powered By Leased Propane
  • Propane
  • Electric Water Heater
  • Multiple Phone Lines
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot A-4
  • Assessor Parcel Number 334-20.17-15.00

Community Details

Overview

  • Seabreeze Dev Subdivision

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,537

Year Built

Built in 1964

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • Exclusions: Waterford crystal chandelier above kitchen table is excluded
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1964
  • Remarks Public: Spectacular Rehoboth Bay front opportunity! Introducing 316 Salisbury Street located in the sought-after bayfront community of Seabreeze and one of the area's best kept secrets. Seabreeze is tucked away from everything, although situated just a few blocks from the ocean beaches, local marinas, restaurants and amazing entertainment options. This home is a charming cedar shake Cape Cod situated on a spacious .39-acre lot with 100 feet of newly bulk-headed direct bay frontage. The welcoming front porch is surrounded by beautiful hydrangeas, knock out roses and mature magnolias that offer the utmost privacy. Upon entry, prepare to be wowed by the striking panoramic views of the Rehoboth Bay through the wall of windows and doors at the rear of the home. The open and airy floorplan is very unassuming offering an abundance of space for entertaining or just simply relaxing. The spacious great room with a wood burning fireplace creates the most intimate of settings. Adjacent to the great room is an elegant dining area that is perfect for more formal occasions and central to everything the home has to offer. In addition, the first floor features a cozy family room complete with another wood burning fireplace that opens to the kitchen. In total, 316 Salisbury boasts 6 sun drenched bedrooms, 4 full baths and one half bath, with 5 bedrooms having access to outdoor living space and offering breathtaking bay views. There is a 2nd level den which is the ideal space for a playroom, hobby room or 7th bedroom if desired. If the interior of the home did not grab your attention, the exterior living spaces are sure to peak your interest. Enjoy the activity on the bay from your cozy pergola aside your personal in-ground pool. The extensive patio complete with an outdoor fireplace creates the ideal ambiance for dinner parties, while mother nature closes out the evening with an amazing sunset! This is a perfect location for launching your kayak, paddleboard or jet skis. If you are a boater, permission can be granted to build a pier to access deeper water and the community boat launch is just steps away. Truly, a home like no other and a must see!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Oven/Range - Electric, Washer, Dual Flush Toilets, Dryer, Refrigerator, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Chair Railings, Combination Dining/Living, Combination Kitchen/Living, Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Table Space, Primary Bedroom - Bay Front, Pantry, Recessed Lighting, Skylight(s), Wainscotting, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Screens, Insulated, Skylights
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: French, Insulated
  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Dining Room, Kitchen, Family Room, Den, Great Room, Laundry
  • Basement: No
  • Laundry Type: Main Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 5733
  • Living Area Sq Ft: 5033
  • Price Per Sq Ft: 475.86
  • Above Grade Finished Sq Ft: 5033
  • Above Grade Unfinished Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 316

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 3
  • 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: 2
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar, Shake Siding, Stick Built
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Lawn Sprinkler
  • Pool Features: Concrete, Fenced, In Ground
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • Spa: No
  • View: Bay
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 5
  • Parking Features: Private, Circular Driveway, Paved Parking
  • Garage Features: Garage - Side Entry, Garage Door Opener, Built In, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Zoned, Heat Pump - Gas Backup, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Multiple Phone Lines, Phone, Propane
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Ramp
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: BEACON
  • Middle School: REHOBOTH
  • 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: BEACON
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: REHOBOTH

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Partially, Rear
  • Land Use Code: RS
  • Lot Features: Bulkheaded, Landscaping, Premium, Rear Yard
  • Lot Size Acres: 0.40
  • Lot Dimensions: 115.00 x 160.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17578.00
  • Outdoor Living Structures: Balcony, Patio(s)
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2019
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 2167.00
  • Tax Annual Amount: 2537.00
  • Assessor Parcel Number: 334-20.17-15.00
  • Tax Lot: A-4
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 10/25/2019

Multi Family

  • Waterfront Features: Rip-Rap

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2019
Closed on
Oct 25, 2019
Sold by
Klemkowski William I and Klemkowski Lois
Bought by
Tan Knight Llc
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$2,395,000
Sold Price
$2,395,000
Current Estimated Value
$2,508,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,584
Avg. Annual Appreciation
0.78%
Original Mortgage
$1,676,500
Outstanding Balance
$1,474,888
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,033,696
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
Tan Knight Llc $2,395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tan Knight Llc $1,676,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $2,395,000 0.0% $476 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $2,395,000 -- $476 / 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 $5,070 $50,900 $20,400 $30,500
2024 $2,978 $50,900 $20,400 $30,500
2023 $2,975 $50,900 $20,400 $30,500
2022 $2,883 $50,900 $20,400 $30,500
2021 $2,859 $50,900 $20,400 $30,500
2020 $2,850 $50,900 $20,400 $30,500
2019 $2,689 $50,900 $20,400 $30,500
2018 $2,235 $50,900 $0 $0
2017 $2,141 $50,900 $0 $0
2016 $2,104 $50,900 $0 $0
2015 $2,014 $50,900 $0 $0
2014 $2,000 $50,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU146280

Bright MLS

APN: 334-20.17-15.00