NOT LISTED FOR SALE

32 Beach Ave Rehoboth Beach, DE 19971

Estimated Value: $2,459,576 - $3,020,000

6 Beds
5 Baths
3,299 Sq Ft
$843/Sq Ft Est. Value

Last Sold November 19, 2020

Last sale price $1,925,000 $584 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $15,354/month

Highlights

  • Ocean View
  • Water Oriented
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Building is oceanfront but unit may not have water views
  • 1-minute walk to Delaware Seashore State Park

About This Home

As of November 2020

Coastal Home with Membership Only, Private Beach! Fully furnished coastal home in the ocean block of private North Indian Beach with peaceful ocean and bay views. Room for everyone in this 6 bedroom, 5 bath home that sleeps 14 people comfortably! Home boasts 2 huge living areas, tile and hardwood floors, multiple master bedrooms, two washer/dryer areas, wet bar, main and mini-refrigerators, gas fireplace, and is flooded with natural light throughout! Also, covered parking, expansive ground level patio area with enclosed outdoor shower, 8 large decks/balconies, 2 screened porches , and room for plenty of cars to park! Take a very short walk to the private/pristine beach and/or hop on the trolley for quick/fun access into Rehoboth City Limits or Dewey Beach! Solid income producer too!

Last Agent to Sell the Property

Tracy Kelley

Jack Lingo - Rehoboth License #RA-0031023 Listed on: 10/08/2020

Jack Lingo - Rehoboth

Last Buyer's Agent

Rick Monkman

Jack Lingo - Rehoboth License #RS-0016097

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,897

Year Built

  • Built in 1995

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 60.00 x 80.00
  • Building is oceanfront but unit may not have water views
  • Landscaped
  • Private Lot
  • Property is in excellent condition
  • Property is zoned MR

HOA Fees

  • $242 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction

Interior Spaces

  • 3,299 Sq Ft Home
  • Property has 3.5 Levels
  • Furnished
  • 1 Fireplace
  • Wood Flooring
  • Ocean Views

Bedrooms and Bathrooms

  • 6 Main Level Bedrooms
  • 5 Full Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Attached Carport Spaces
  • Gravel Driveway

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Doors are 32 inches wide or more
  • Flood Risk

Community Details

  • Indian Beach Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 5
  • Assessor Parcel Number 334-23.06-82.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,897

Year Built

Built in 1995

Lot Details

0

HOA Fees

$242 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1995
  • Automatically Close On Close Date: No
  • Remarks Public: Coastal Home with Membership Only, Private Beach! Fully furnished coastal home in the ocean block of private North Indian Beach with peaceful ocean and bay views. Room for everyone in this 6 bedroom, 5 bath home that sleeps 14 people comfortably! Home boasts 2 huge living areas, tile and hardwood floors, multiple master bedrooms, two washer/dryer areas, wet bar, main and mini-refrigerators, gas fireplace, and is flooded with natural light throughout! Also, covered parking, expansive ground level patio area with enclosed outdoor shower, 8 large decks/balconies, 2 screened porches , and room for plenty of cars to park! Take a very short walk to the private/pristine beach and/or hop on the trolley for quick/fun access into Rehoboth City Limits or Dewey Beach! Solid income producer too!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 3.5
  • Basement: No
  • Total Sq Ft: 3299
  • Living Area Sq Ft: 3299
  • Price Per Sq Ft: 575.63
  • Above Grade Finished Sq Ft: 3299
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 32

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 6
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 5

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • View: Ocean
  • 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: Yes

Garage/Parking

  • Carport Spaces: 8
  • Garage: No
  • Parking Features: Crushed Stone
  • Attached Carport Spaces: 8
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2900.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: RS
  • Lot Features: Landscaping, Private
  • Lot Size Acres: 0.11
  • Lot Dimensions: 60.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: MR
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 65000.00
  • Vacation Rental: Yes

Tax Info

  • School Tax: 1717.00
  • Tax Annual Amount: 1897.00
  • Assessor Parcel Number: 334-23.06-82.00
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/19/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Nov 20, 2020
Sold by
Christmas Patrick J and Christmas Sheryl K
Bought by
Koopersmith Patricia and Koopersmith Theodore B
Seller's Agent
Tracy Kelley
Jack Lingo - Rehoboth
Buyer's Agent
Rick Monkman
Jack Lingo - Rehoboth
List Price
$1,899,000
Sold Price
$1,925,000
Premium/Discount to List
$26,000
1.37%
Current Estimated Value
$2,724,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$799,736
Avg. Annual Appreciation
4.21%
Original Mortgage
$1,443,750
Interest Rate
2.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Koopersmith Patricia $1,925,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koopersmith Patricia $1,443,750
Previous Owner Christmas Patrick J $830,000
Previous Owner Christmas Patrick $850,000
Previous Owner Christmas Ii Patrick J $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2020 11/19/20 Sold $1,925,000 +1.4% $584 / Sq Ft
10/08/2020 10/08/20 For Sale $1,899,000 -- $576 / 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
2024 $2,310 $40,400 $9,650 $30,750
2023 $2,308 $40,400 $9,650 $30,750
2022 $2,239 $40,400 $9,650 $30,750
2021 $2,221 $40,400 $9,650 $30,750
2020 $2,214 $40,400 $9,650 $30,750
2019 $2,196 $40,400 $9,650 $30,750
2018 $1,774 $40,400 $0 $0
2017 $1,699 $40,400 $0 $0
2016 $1,656 $40,400 $0 $0
2015 $1,585 $40,400 $0 $0
2014 $1,573 $40,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy Kelley

    Seller's Agent in 2020

    Tracy Kelley

    Jack Lingo - Rehoboth

    (302) 227-3883

    7 in this area

    41 Total Sales

    Section Image
  • Rick Monkman

    Buyer's Agent in 2020

    Rick Monkman

    Jack Lingo - Rehoboth

    (302) 226-6658

    2 in this area

    50 Total Sales

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Map

Source: Bright MLS

MLS Number: DESU170996

Bright MLS

APN: 334-23.06-82.00

Delaware Sussex County Rehoboth Beach 19971

32 Beach Ave, Rehoboth Beach, DE

This home is located at 32 Beach Ave, Rehoboth Beach, DE 19971 since 08 October 2020 and is currently estimated at $2,780,859, approximately $842 per square foot. This property was built in 1995. 32 Beach Ave is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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