Seller's Agent in 2020
Michael Rodriguez
Jack Lingo - Rehoboth
(302) 236-7649
32 in this area
52 Total Sales
34 Olive Ave Rehoboth Beach, DE 19971
Estimated Value: $2,834,585 - $3,410,000
7
Beds
3.5
Baths
3,299
Sq Ft
$957/Sq Ft
Est. Value
Highlights
- Guest House
- Water Oriented
- Colonial Architecture
- Rehoboth Elementary School Rated A
- Eat-In Gourmet Kitchen
- 5-minute walk to Lake Gerar Park
About This Home
As of December 2020Beautiful downtown Rehoboth Beach property located just 1 block from the beach & boardwalk, and within walking distance to restaurants, shopping and all area attractions. Features a 5 Bedroom/ 2.5 Bath main house and a 2 Bedroom/ 1 Bath rear guest cottage fully equipped with a gorgeous kitchen,living room and charming outdoor area that is sure to please. Amazing transformation over the years with renovations and updates from 2004 - 2020 for both main house and guest house. See attached improvements list for details. Bonus 2 rental licenses provide opportunity to maximize rental income of $90K plus per season. This is a must see property.
Last Agent to Sell the Property
(302) 236-7649 mrod@jacklingo.com Jack Lingo - Rehoboth License #RS-0017904 Listed on: 05/29/2020
Last Buyer's Agent
(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,559
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50.00 x 100.00
- Vinyl Fence
- Back Yard Fenced
- Sprinkler System
- Property is in very good condition
- Property is zoned TN
Home Design
- Colonial Architecture
- Coastal Architecture
- Architectural Shingle Roof
- Stick Built Home
Interior Spaces
- 3,299 Sq Ft Home
- Property has 2 Levels
- Partially Furnished
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Insulated Windows
- Window Treatments
- Insulated Doors
- Formal Dining Room
- Crawl Space
- Home Security System
Kitchen
- Eat-In Gourmet Kitchen
- Gas Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Instant Hot Water
Flooring
- Wood
- Tile or Brick
Bedrooms and Bathrooms
- 7 Bedrooms
- Walk-In Closet
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 4 Parking Spaces
- 2 Driveway Spaces
Outdoor Features
- Water Oriented
- Property is near an ocean
- Deck
- Patio
- Exterior Lighting
- Outdoor Grill
Utilities
- Central Air
- Heat Pump System
- Tankless Water Heater
- Propane Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Doors swing in
- Energy-Efficient Windows
- Guest House
Community Details
- No Home Owners Association
- North Rehoboth Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 34
- Assessor Parcel Number 334-14.13-404.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2020
Closed on
Dec 15, 2020
Sold by
Sims Constance M
Bought by
Santomartino Eugene and L-Santomartino Martha J
Seller's Agent
Michael Rodriguez
Jack Lingo - Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$2,195,000
Sold Price
$2,060,000
Premium/Discount to List
-$135,000
-6.15%
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
$1,095,528
Avg. Annual Appreciation
9.37%
Original Mortgage
$1,500,000
Outstanding Balance
$1,335,447
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,820,081
Purchase Details
Closed on
Oct 21, 2003
Bought by
Sims Constance M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Santomartino Eugene | $2,060,000 | None Available | |
| Sims Constance M | $975,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Santomartino Eugene | $1,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2020 12/18/20 | Sold | $2,060,000 | -6.2% | $624 / Sq Ft |
| 10/20/2020 10/20/20 | Pending | -- | -- | -- |
| 05/29/2020 05/29/20 | For Sale | $2,195,000 | -- | $665 / 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 |
|---|---|---|---|---|
| 2025 | $4,319 | $36,950 | $12,500 | $24,450 |
| 2024 | $1,821 | $36,950 | $12,500 | $24,450 |
| 2023 | $1,820 | $36,950 | $12,500 | $24,450 |
| 2022 | $1,756 | $36,950 | $12,500 | $24,450 |
| 2021 | $1,740 | $36,950 | $12,500 | $24,450 |
| 2020 | $1,735 | $36,950 | $12,500 | $24,450 |
| 2019 | $1,737 | $36,950 | $12,500 | $24,450 |
| 2018 | $1,623 | $36,950 | $0 | $0 |
| 2017 | $1,554 | $36,950 | $0 | $0 |
| 2016 | $1,476 | $36,950 | $0 | $0 |
| 2015 | $1,410 | $36,950 | $0 | $0 |
| 2014 | $1,400 | $36,950 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Rodriguez
-
Michael Bacher
Seller Co-Listing Agent in 2020
Michael Bacher
Jack Lingo - Rehoboth
(302) 226-6649
15 in this area
25 Total Sales
-
DEBBIE REED
Buyer's Agent in 2020
DEBBIE REED
RE/MAX
(302) 227-3818
273 in this area
834 Total Sales
Map
Source: Bright MLS
MLS Number: DESU160554
APN: 334-14.13-404.00
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