NOT LISTED FOR SALE

318 Laurel St Rehoboth Beach, DE 19971

Estimated Value: $2,298,000 - $2,567,000

4 Beds
4.5 Baths
3,000 Sq Ft
$809/Sq Ft Est. Value

Sale Details

Date Sold: December 1, 2020

Last sale price $1,595,000 $532 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $13,248 / mo

32 Days on Market

Highlights

  • Coastal Architecture
  • Wood Flooring
  • Attic
  • Rehoboth Elementary School Rated A
  • Main Floor Bedroom
  • 4-minute walk to Rehoboth Elementary Playground

About This Home

As of December 2020

Don't wait! This charming fully furnished refuge at the beach just blocks from the beach and downtown Rehoboth will not last! This three story, 3,000 sf Southern Plantation-style home was built in 2008 under previous zoning, which means it could not be built on this lot today! Located on the very quiet end of Laurel Street in prestigious Country Club Estates, you will enjoy the large wrap around porch and fenced in backyard with hot tub and relaxing fountain. In this 4 bedroom 1 bath home, Tall ceilings, tall doors, a built in laundry chute and ladder to the 3rd level cupola office makes this a quaint refuge for a vacation home or primary residence. Looking for rental income? This home has a proven vacation rental history through Seachange Vacation Rentals, Approx 70k income for summer season.

Last Agent to Sell the Property

Andy Meddick

(302) 360-0300 andymeddick@kw.com Keller Williams Realty Listed on: 08/30/2020

Keller Williams Realty

Last Buyer's Agent

Randy Mason

(302) 227-3883 randy@jacklingo.com Jack Lingo - Rehoboth License #RA-0003542

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 2007

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • North Facing Home
  • Sprinkler System
  • Property is in excellent condition
  • Property is zoned TN

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Block Foundation
  • Frame Construction
  • Asbestos Shingle Roof
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Home Office
  • Partial Basement
  • Storm Doors
  • Attic

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

Laundry

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

Parking

  • 4 Parking Spaces
  • 3 Driveway Spaces
  • Brick Driveway

Eco-Friendly Details

  • Solar owned by seller

Outdoor Features

  • Patio
  • Shed
  • Wrap Around Porch

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Propane
  • Electric Water Heater
  • Water Conditioner is Owned
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Community Details

  • Country Club Estates HOA
  • Country Club Estates Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 8
  • Assessor Parcel Number 334-14.17-271.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,300

Year Built

Built in 2007

Lot Details

4,792 Sq Ft Lot

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: See Exclusions list in attached documents
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-08-30
  • Federal Flood Zone: No
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Icemaker, Oven/Range - Gas, Refrigerator, Washer/Dryer Hookups Only, Water Conditioner - Owned
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Attic, Entry Level Bedroom, Kitchen - Island
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Laundry, Office, Bathroom 1, Bathroom 2, Bathroom 3
  • Basement: Yes
  • Basement Type: Partial
  • Basement Footprint Percent: 3.00
  • Laundry Type: Main Floor, Has Laundry
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 531.67
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • 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
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame, Hardiplank Type
  • Exterior Features: Underground Lawn Sprinkler
  • Road Surface Type: Black Top
  • Roof: Asbestos Shingle, Metal
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Brick Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 3
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone Available, Propane, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 20.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: COUNTRY CLUB ESTATES HOA
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 34150.00
  • Land Assessed Value: 6250.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Outdoor Living Structures: Patio(s), Wrap Around
  • Property Condition: Excellent
  • Zoning: TN
  • In City Limits: Yes

Green Features

  • Green Power: Pv Solar Array(s) Owned
  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 70000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5196673
  • School Tax: 1717.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2300.00
  • Assessor Parcel Number: 334-14.17-271.00
  • Tax Lot: 8
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2020
Closed on
Nov 17, 2020
Sold by
Bought by
Seller's Agent
Andy Meddick
Keller Williams Realty
Buyer's Agent
Randy Mason
Jack Lingo - Rehoboth
List Price
$1,649,000
Sold Price
$1,595,000
Premium/Discount to List
-$54,000
-3.27%
Current Estimated Value
$2,395,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$800,766
Avg. Annual Appreciation
7.76%
Original Mortgage
$1,276,000
Interest Rate
0.027%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,595,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,276,000
Closed $750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $1,595,000 0.0% $532 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/29/2020 09/29/20 Price Changed $1,595,000 -3.3% $532 / Sq Ft
08/30/2020 08/30/20 For Sale $1,649,000 -- $550 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,657 $40,400 $6,250 $34,150
2024 $1,991 $40,400 $6,250 $34,150
2023 $1,990 $40,400 $6,250 $34,150
2022 $1,920 $40,400 $6,250 $34,150
2021 $1,902 $40,400 $6,250 $34,150
2020 $1,897 $40,400 $6,250 $34,150
2019 $1,899 $40,400 $6,250 $34,150
2018 $1,774 $40,400 $0 $0
2017 $1,699 $40,400 $0 $0
2016 $1,614 $40,400 $0 $0
2015 $1,542 $40,400 $0 $0
2014 $1,531 $40,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU166302

Bright MLS

APN: 334-14.17-271.00

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