NOT LISTED FOR SALE

35658 Airport Rd Rehoboth Beach, DE 19971

Estimated Value: $349,000 - $841,000

-- Bed
4 Baths
-- Sq Ft
0.64 Acres

Last Sold July 10, 2013

Last sale price $385,460

Est. 73% increase in value since last sale

Current estimated payment $3,633/month

Highlights

  • Contemporary Architecture
  • Attic
  • Carpet
  • Rehoboth Elementary School Rated A
  • No HOA
  • Wall Furnace

About This Home

As of July 2013

Positive cash flow and/or redevelopment possibilities. Well-maintained 4-unit building generates 37k gross ann. rent. Large lot located close to major roads, transportation and employment. Stable rent history. Owner is licensed agent.

Last Agent to Sell the Property

Vicki Tull

(302) 245-9173 vicki@vickitull.com Long & Foster Real Estate, Inc. Listed on: 03/01/2011

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Dale Brown

dale.brown@oasir.net NextHome Tomorrow Realty License #RS-0017270

NextHome Tomorrow Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,038

Lot Details

  • Lot Dimensions are 100x277
  • Cleared Lot

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outbuilding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Well
  • Municipal Trash

Additional Features

  • Attic

Community Details

  • No Home Owners Association
  • Trash Expense $900

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-13.00-177.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,038

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Attic
  • Fireplace: No
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Level Count: 3
  • Basement: Yes
  • Basement Type: Outside Entrance, Partial, Unfinished

Exterior Features

  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Driveway

Utilities

  • Refuse: 900.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Type: Wall Unit
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1500.00
  • Water Source: Well
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Dimensions: 100X277

Rental Info

  • Total Actual Rent: 37200.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5191827
  • Assessor Parcel Number: 334-13.00-177.01
  • County Tax Payment Frequency: Annually
  • Close Date: 07/10/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2011
Closed on
Jul 11, 2013
Sold by
Airport Road Properties Llc
Bought by
Longgao & Co Llc
Seller's Agent
Vicki Tull
Long & Foster Real Estate, Inc.
Buyer's Agent
Dale Brown
NextHome Tomorrow Realty
List Price
$385,460
Sold Price
$385,460
Current Estimated Value
$666,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,845
Avg. Annual Appreciation
4.57%

Purchase Details

Listed on
Mar 1, 2011
Closed on
Jul 9, 2013
Sold by
Airport Road Properties Llc
Bought by
Longgao & Co Llc
Seller's Agent
Vicki Tull
Long & Foster Real Estate, Inc.
Buyer's Agent
Dale Brown
NextHome Tomorrow Realty
List Price
$385,460
Sold Price
$385,460
Source: Public Records

Range of Values:

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Average Value
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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
Longgao & Co Llc $385,460 --
Longgao & Co Llc $385,460 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2013 07/10/13 Sold $385,460 0.0% --
07/10/2013 07/10/13 Pending -- -- --
03/01/2011 03/01/11 For Sale $385,460 -- --
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 $1,038 $21,800 $5,000 $16,800
2024 $1,075 $21,800 $5,000 $16,800
2023 $1,074 $21,800 $5,000 $16,800
2022 $1,036 $21,800 $5,000 $16,800
2021 $1,027 $21,800 $5,000 $16,800
2020 $1,023 $21,800 $5,000 $16,800
2019 $1,025 $21,800 $5,000 $16,800
2018 $957 $21,800 $0 $0
2017 $917 $21,800 $0 $0
2016 $871 $21,800 $0 $0
2015 $832 $21,800 $0 $0
2014 $826 $21,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000958336

Bright MLS

APN: 334-13.00-177.01