NOT LISTED FOR SALE

36266 Farm Ln Unit 62 Rehoboth Beach, DE 19971

Estimated Value: $855,000 - $1,213,000

4 Beds
2.5 Baths
3,000 Sq Ft
$340/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $949,900 $317 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,101/month

24 Days on Market

Highlights

  • Bar or Lounge
  • Senior Living
  • Open Floorplan
  • Fitness Center
  • Gourmet Kitchen
  • Transitional Architecture

About This Home

As of July 2023

Welcome to your dream home in the heart of a charming and friendly 55+ community (Not Required Currently) – Truitt Homestead by Schell Brothers, just 5 minutes or less from everything downtown Rehoboth Beach has to offer! The stunning and nearly-new Iris Model boasts an open floor plan, perfect for entertaining and family gatherings.
The fabulous kitchen is a chef's dream, featuring top-of-the-line appliances, beautiful granite countertops, and ample cabinet space. Enjoy the gorgeous views from your 3-season room, where you can relax and soak up the sun year-round.
This luxurious home boasts 4 spacious bedrooms, each with their own unique charm, and 2.5 bathrooms, including a spa-like master suite that will make you feel like you're on vacation every day.
Need to work from home or have a creative space to pursue your hobbies? This home features a home office and a craft room, so you can easily balance work and play.
Luxury abounds throughout this stunning home, from the gleaming hardwood floors to the custom millwork and trim. You'll love the convenience and accessibility of this prime location, just minutes from shopping, dining, and entertainment.
Step outside to your private brick courtyard, perfect for hosting barbecues and gatherings with family and friends. Your 2-car garage provides ample storage space for your vehicles and outdoor equipment.
Don't miss your opportunity to own this beautiful home in a sought-after community. Schedule your visit today and start living your best life in Rehoboth Beach!
Seller has membership to the amenities in The Lodge which include indoor pool, movie theater, game room, pub, restaurant, meeting room, salon and Beebe medical center. Even though this is a 55+ community, 20% of the homes can be occupied by under 55. There is still room within this threshold for people under 55.

Last Agent to Sell the Property

Daniel Lusk

McWilliams/Ballard, Inc. License #RA-0020195 Listed on: 06/01/2023

McWilliams/Ballard, Inc.

Co-Listed By

Michael McCormick

McWilliams/Ballard, Inc.

Last Buyer's Agent

Daniel Lusk

McWilliams/Ballard, Inc. License #RA-0020195 Listed on: 06/01/2023

McWilliams/Ballard, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,438

Year Built

  • Built in 2018

Lot Details

  • Landscaped
  • Extensive Hardscape
  • Corner Lot
  • Sprinkler System
  • Backs to Trees or Woods
  • Back and Side Yard
  • Land Lease expires in 94 years
  • Ground Rent expires in 94 years
  • Property is in very good condition
  • Property is zoned MR

HOA Fees

  • $415 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Garage Door Opener

Home Design

  • Transitional Architecture
  • Cottage
  • Slab Foundation
  • Blown-In Insulation
  • Vinyl Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Central Vacuum
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments

Kitchen

  • Gourmet Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Engineered Wood
  • Carpet

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Brick Porch or Patio

Utilities

  • Heat Pump System
  • Back Up Gas Heat Pump System
  • Vented Exhaust Fan
  • Community Propane
  • Tankless Water Heater
  • Propane Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 334-19.00-3.00-62

Community Details

Overview

  • Senior Living
  • $3,000 Capital Contribution Fee
  • Association fees include cable TV, high speed internet, lawn maintenance, management, reserve funds, road maintenance, snow removal, trash, common area maintenance
  • $1,800 Other One-Time Fees
  • Senior Community | Residents must be 55 or older
  • Built by Schell Brothers
  • Truitt Homestead Subdivision, Iris Floorplan
  • Property Manager

Amenities

  • Beauty Salon
  • Game Room
  • Community Center
  • Meeting Room
  • Party Room
  • Bar or Lounge

Recreation

  • Fitness Center
  • Community Indoor Pool
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,438

Year Built

Built in 2018

Lot Details

0

HOA Fees

$415 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Transitional, Cottage
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Level Entry - Main
  • Ownership: Land Lease
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-06-15
  • Federal Flood Zone: No
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Oven - Wall, Range Hood, Refrigerator, Washer, Water Heater - Tankless
  • Entry Floor: 1
  • Flooring Type: Engineered Wood
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Living, Combination Kitchen/Dining, Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Recessed Lighting, Walk-In Closet(s), Window Treatments, Wood Floors, Central Vacuum
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Has Laundry, Dryer In Unit, Main Floor
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 316.63
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 36266

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Blown-In Insulation, Vinyl Siding
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Lawn Sprinkler, Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric, Propane - Metered
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Propane, Tankless
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Propane - Community
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1245.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Truitt Homestead Condominium Association
  • HOA Condo Co-Op Amenities: Bar/Lounge, Beauty Salon, Community Center, Dog Park, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor
  • HOA Condo Co-Op Fee Includes: Cable Tv, High Speed Internet, Lawn Maintenance, Management, Reserve Funds, Road Maintenance, Snow Removal, Trash, Common Area Maintenance
  • HOA: No
  • Senior Community Age Requirement: 55
  • Senior Community: Yes

Fee Information

  • Other Fees: 1800.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 3000.00

Schools

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

Lot Info

  • Horses: No
  • Land Lease Amt Freq: Quarterly
  • Land Lease Years Remaining: 94
  • Land Use Code: 999
  • Lot Features: Backs To Trees, Corner, Landscaping, Rear Yard, Sideyard(s)
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Patio(s), Porch(es), Brick, Balcony
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: MR
  • In City Limits: No

Building Info

  • Builder Name: Schell Brothers

Rental Info

  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 94
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1303.00
  • Tax Annual Amount: 1438.00
  • Assessor Parcel Number: 334-19.00-3.00-62
  • Tax Total Finished Sq Ft: 793
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/21/2023

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2023
Sold by
Robert E Gallamore Revocable Trust
Bought by
Gallamore Robert E
Total Days on Market
24
Current Estimated Value
$1,019,374

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jul 21, 2023
Sold by
Berg Hannelore H
Bought by
Robert E Gallamore Revocable Trust and Gallamore
Seller's Agent
Daniel Lusk
McWilliams/Ballard, Inc.
Buyer's Agent
Daniel Lusk
McWilliams/Ballard, Inc.
List Price
$949,900
Sold Price
$949,900
Views
110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.85%
Source: Public Records

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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
Gallamore Robert E -- None Listed On Document
Robert E Gallamore Revocable Trust $949,900 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $949,900 0.0% $317 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $949,900 -- $317 / 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 $996 $0 $0 $0
2023 $1,490 $0 $0 $0
2022 $1,438 $0 $0 $0
2021 $1,432 $0 $0 $0
2020 $1,444 $0 $0 $0
2019 $1,497 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2042114

Bright MLS

APN: 334-19.00-3.00-62