NOT LISTED FOR SALE

Estimated Value: $1,484,140 - $2,242,000

4 Beds
3 Baths
2,183 Sq Ft
$795/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $1,200,000 $550 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,517/month

11 Days on Market

Highlights

  • Manor Architecture
  • No HOA
  • 2-minute walk to Dune Nature Park
  • Rehoboth Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of December 2021

Landmark of loveliness on Lake Ave.! Nestled in heart of Rehoboth Beach just one street off main route
in the town of Rehoboth and a most sought-after coastal destination, is this 4BRs/3 bath home that
commands corner lot positioning with premier views. This brick-front, 2-story home boasts delightful
spacious indoor rooms and prime outdoor venues. Generous screened-in porch lined with shrubs fronts
home on lower level, while covered wrap-around deck trimmed with railing decorates upper level of
home. Corner trees and privacy fence on both sides encases home in peacefulness, while driveway
offering ample off-street parking leads back to detached 1-car garage. Walkable to pretty much
everything and anything within hub of Rehoboth Beach, the beauty of this home is to park your car, put
away your keys and enjoy beach living at its finest year ‘round! Step up through screen door to
comfortable and cool screened-in porch, where line of chairs sits facing quiet street. Great for morning
coffee, afternoon iced tea and evening drinks! Foyer is quaint with carpeted steps that hug the wall, and
hallway just ahead. To left, floorplan opens up to reveal spacious, bright FR with neutral carpeting,
multiple windows, elegant trim around doors and windows, and 2 nd entrance back to DR. This circular
floorplan is ideal for simple movement, and this is by far the go-to gathering space for pre-and-post-
beach days! Carpeting continues in DR, which sits beyond and has deep alcove, perfect for hutch. Wide
baseboards work in tandem with wide slat beadboard, lending dimension to room and creating blend of
elegance and easy ambiance. Gallery-style kitchen with crown molding is quite roomy and features oak
cabinets and mix of appliances. Enjoy floor-to-ceiling built-in storage on angled wall that has 2 large-size
upper cabinets and 2 equally large-size lower cabinets. It offers easy-to-organize, out-of-sight storage,
especially for big items. Table with 2 chairs are tucked under oversized window. Kitchen leads into 1 st -
floor laundry room and then back to PR with maple vanity, repeated wider baseboards, and crown
molding. Volume ceiling steps lead up to 2 nd level, where 2 secondary carpeted BRs fan out and can
easily accommodate several beds and dressers or bureaus. Full bath is roomy with bumped-out curved
basin vanity, another floor-to-ceiling cabinet for towels and linens, extra shelving and tub/shower.
Primary BR is larger, and light filled. Bonus benefit is ½ glass pane/storm doors that lead out to fabulous
upper-level deck! The back of the house features a nanny or in-law suite that counts as a 4th bedroom. Take advantage of incredible views of charming town below, towering trees soaring
above rooftops and bird’s eye view of Rehoboth Beach water tower! Backyard boasts fences on either
side, outdoor shower to help save on sand and dirt inside, plenty of open space for everything from
planned parties to impromptu BBQs, frisbee and just hanging out! Shed, that is smaller replica of garage,
is tucked in corner and is perfect place to stash beach chairs, lawn mower, bikes, outdoor toys and
more. This spacious and sun-infused home is walkable to restaurants, boutiques, shops, cafes,
boardwalk, and beach! Relax, recharge, and reconnect in this Rehoboth Beach home!

Last Agent to Sell the Property

Jared Bowers

Coldwell Banker Realty License #RS-0022724 Listed on: 10/21/2021

Coldwell Banker Realty

Last Buyer's Agent

Andy Staton

Monument Sotheby's International Realty License #RS-0016036

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,351

Year Built

  • Built in 1984

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Property is zoned TN

Parking

  • Driveway

Home Design

  • Manor Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,183 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 334-14.17-79.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,351

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Manor
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1984
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2183
  • Living Area Sq Ft: 2183
  • Price Per Sq Ft: 595.51
  • Above Grade Finished Sq Ft: 2183
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 36

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2021
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 753.00
  • Tax Annual Amount: 1351.00
  • Assessor Parcel Number: 334-14.17-79.00
  • Tax Lot: 36
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/14/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 14, 2021
Sold by
Everence Fndtn Unique Llc
Bought by
Griffiths Norman C
Seller's Agent
Jared Bowers
Coldwell Banker Realty
Buyer's Agent
Andy Staton
Monument Sotheby's International Realty
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Current Estimated Value
$1,736,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,535
Avg. Annual Appreciation
7.18%
Original Mortgage
$504,000
Outstanding Balance
$470,046
Interest Rate
3.11%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,082,193

Purchase Details

Closed on
Mar 28, 1986
Bought by
Ulrich Luke N and Ulrich Willa
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
Griffiths Norman C $1,200,000 None Available
Ulrich Luke N $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffiths Norman C $504,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold $1,200,000 -7.7% $550 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $1,300,000 -- $596 / 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 $870 $17,650 $10,000 $7,650
2023 $869 $17,650 $10,000 $7,650
2022 $839 $17,650 $10,000 $7,650
2021 $831 $17,650 $10,000 $7,650
2020 $829 $17,650 $10,000 $7,650
2019 $830 $17,650 $10,000 $7,650
2018 $775 $17,650 $0 $0
2017 $742 $17,650 $0 $0
2016 $705 $17,650 $0 $0
2015 $674 $17,650 $0 $0
2014 $669 $17,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2008060

Bright MLS

APN: 334-14.17-79.00