NOT LISTED FOR SALE

37249 Martin St Unit 6 Rehoboth Beach, DE 19971

Estimated Value: $442,000 - $601,000

3 Beds
2.5 Baths
1,560 Sq Ft
$339/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $450,000 $288 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,258/month

7 Days on Market

Highlights

  • Traditional Floor Plan
  • Furnished
  • Screened Porch
  • Rehoboth Elementary School Rated A
  • Upgraded Countertops
  • Community Pool

About This Home

As of March 2023

TURN-KEY LOCK & GO LIFESTYLE. Nicely appointed and completely furnished, 3 bedroom, 2 1/2 bathroom (plus outdoor shower) townhome with screened porch and rear paver patio for open air & outdoor living and entertaining. Arena's 5 Star Deli and Renown Big Fish Grill Restaurant a minute's walk, 1/10 mile to YMCA for indoor lap swimming, exercise classes, indoor basketball & weight training, 4/10 mile to Rehoboth Canal Dock, 6/10 mile to outdoor basketball, pickleball & tennis courts at Rehoboth Elementary School, 1 1/4 mile to the beach & boardwalk. No rental restrictions. Estimated potential rental income $40,000 (short term with extended season). Encapsulated & dehumidified crawl space for enhanced comfort and energy efficiency. One time capital contribution of $200 paid by the buyer to the HOA at settlement.

Last Agent to Sell the Property

Skip Faust

(302) 745-8764 skip@skipfaust.com Coldwell Banker Premier - Rehoboth License #RA-0002618 Listed on: 02/15/2023

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Stephen Mervine

(302) 234-3800 smervine1@msn.com RE/MAX Associates-Hockessin License #RS323368

RE/MAX Associates-Hockessin

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $936

Year Built

  • Built in 1982

HOA Fees

  • $403 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Villa
  • Side-by-Side
  • Architectural Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room
  • Screened Porch
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Screened Patio

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-19.00-163.10-6

Community Details

Overview

  • $200 Capital Contribution Fee
  • Association fees include lawn maintenance, management, recreation facility, road maintenance, snow removal
  • Tidewater Property Management Company HOA
  • Rehoboth Beach Gardens Subdivision
  • Property Manager

Recreation

  • Tennis Courts
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$936

Year Built

Built in 1982

Lot Details

0

HOA Fees

$403 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Side-By-Side, Villa
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1982
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Washer, Stainless Steel Appliances, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Pantry, Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Primary Bathroom, Screened Porch
  • Basement: No
  • Total Sq Ft: 1560
  • Above Grade Unfinished Sq Ft: 200
  • Below Grade Sq Ft: 1360
  • Total Below Grade Sq Ft: 1360
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), 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: 403.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Management, Recreation Facility, Road Maintenance, Snow Removal
  • HOA Name: TIDEWATER PROPERTY MANAGEMENT COMPANY
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 200.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Patio(s), Screened, Porch(es)
  • Zoning: C-1
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 40000.00
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 936.32
  • Assessor Parcel Number: 334-19.00-163.10-6
  • Tax Year: 2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2025
Sold by
Contractor Maya Rashmi and Howe Kiran M
Bought by
Debellevue Jerome Magnan
Current Estimated Value
$529,592

Purchase Details

Listed on
Feb 15, 2023
Closed on
Mar 10, 2023
Sold by
Barlow Alton Glenn
Bought by
Debellevue Jerome Magnan and Maya Contractor
Seller's Agent
Skip Faust
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Stephen Mervine
RE/MAX Associates-Hockessin
List Price
$435,000
Sold Price
$450,000
Premium/Discount to List
$15,000
3.45%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Original Mortgage
$150,000
Interest Rate
6.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Debellevue Jerome Magnan -- None Listed On Document
Debellevue Jerome Magnan $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Debellevue Jerome Magnan $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2023 03/10/23 Sold $450,000 -2.2% $288 / Sq Ft
02/23/2023 02/23/23 Price Changed $460,000 +5.7% $295 / Sq Ft
02/15/2023 02/15/23 For Sale $435,000 -- $279 / 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
2025 $867 $18,400 $0 $18,400
2024 $971 $18,400 $0 $18,400
2023 $970 $18,400 $0 $18,400
2022 $936 $18,400 $0 $18,400
2021 $928 $18,400 $0 $18,400
2020 $925 $18,400 $0 $18,400
2019 $926 $18,400 $0 $18,400
2018 $503 $19,700 $0 $0
2017 $485 $19,700 $0 $0
2016 $470 $19,700 $0 $0
2015 $452 $19,700 $0 $0
2014 $444 $19,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Skip Faust

    Seller's Agent in 2023

    Skip Faust

    Coldwell Banker Premier - Rehoboth

    (302) 745-8764

    30 in this area

    152 Total Sales

    Skip Faust
    Section Image
  • Stephen Mervine

    Buyer's Agent in 2023

    Stephen Mervine

    RE/MAX

    (302) 234-3800

    1 in this area

    62 Total Sales

    Stephen Mervine
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2034272

Bright MLS

APN: 334-19.00-163.10-6

Delaware Sussex County Rehoboth Beach 19971

37249 Martin St Unit 6, Rehoboth Beach, DE

Not Listed for Sale

Townhouses

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