NOT LISTED FOR SALE

37311 Rehoboth Avenue Extension Unit 108,109 Rehoboth Beach, DE 19971

Estimated Value: $1,417,538

0.55 Acre
$2,577,342 Price per Acre
23,958 Sq Ft Lot

Last Sold March 16, 2022

Last sale price $1,575,000

Est. 10% decrease in value since last sale

Current estimated payment $7,553/month

Highlights

  • 0.55 Acre Lot
  • Corner Lot
  • Downtown Location
  • Rehoboth Elementary School Rated A
  • No HOA
  • 4-minute walk to Grove Park

About This Lot

As of March 2022

One of the last land parcels on Rehoboth Avenue Extension. Oversized by comparison to most downtown lots. Not in city limits but in downtown area.. Zoned C-1 with previous residential home use. Walk to shops, restaurants or the boardwalk or jump on the bike trail. Great access for a small business, multi-family, carriage homes possible single family. Enter the property from Rehoboth Ave, with access from the back of the property on Church St. possible.

Last Agent to Sell the Property

CELESTE BEAUPRE

(703) 772-6635 cbeaupre@psre.com Patterson-Schwartz-Rehoboth License #RS-0022593 Listed on: 10/11/2021

Patterson-Schwartz-Rehoboth

Last Buyer's Agent

Randy Mason

(302) 236-1142 randy@jacklingo.com Jack Lingo - Rehoboth License #RA-0003542

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $537

Lot Details

  • 0.55 Acre Lot
  • Downtown Location
  • Split Rail Fence
  • Vinyl Fence
  • Corner Lot
  • Level Lot
  • Lots 108 & 109
  • Property is zoned C-1

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-108.00, 109.00

Community Details

Overview

  • No Home Owners Association

Recreation

  • Wood or Metal Shed

Property Details

Property Type

Land

Est. Annual Taxes

$537

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • Inclusions: MOBILE HOME AND TEAR DOWN ORIGINAL HOME
  • New Construction: No
  • Federal Flood Zone: No
  • Remarks Public: One of the last land parcels on Rehoboth Avenue Extension. Oversized by comparison to most downtown lots. Not in city limits but in downtown area.. Zoned C-1 with previous residential home use. Walk to shops, restaurants or the boardwalk or jump on the bike trail. Great access for a small business, multi-family, carriage homes possible single family. Enter the property from Rehoboth Ave, with access from the back of the property on Church St. possible.
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 75.13
  • Street Number Modifier: 37311

Exterior Features

  • Other Structures List: Wood/Metal Shed
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: Lots 108 & 109
  • Fencing: Split Rail, Vinyl
  • Land Lease: No
  • Lot Features: Corner, Level, Not In Development
  • Lot Size Acres: 0.55
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23958.00
  • Possible Use: Commercial
  • Year Assessed: 2021
  • Zoning: C-1
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5194429
  • Tax Annual Amount: 537.00
  • Assessor Parcel Number: 334-13.20-108.00, 109.00
  • Tax Year: 2021
  • Close Date: 03/16/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2025
Sold by
Seaside Court Llc
Bought by
C & Sh Rehoboth Beach Llc
Current Estimated Value
$1,417,538

Purchase Details

Listed on
Oct 11, 2021
Closed on
Mar 16, 2022
Sold by
Charles E Marsh Revocable Trust
Bought by
Seaside Court Llc
Seller's Agent
CELESTE BEAUPRE
Patterson-Schwartz-Rehoboth
Buyer's Agent
Randy Mason
Jack Lingo - Rehoboth
List Price
$1,800,000
Sold Price
$1,575,000
Premium/Discount to List
-$225,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.35%
Original Mortgage
$3,500,000
Interest Rate
3.85%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
C & Sh Rehoboth Beach Llc $1,385,000 None Listed On Document
C & Sh Rehoboth Beach Llc $1,385,000 None Listed On Document
Seaside Court Llc $1,575,000 None Listed On Document
Seaside Court Llc $1,575,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seaside Court Llc $3,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $1,575,000 -12.5% --
12/16/2021 12/16/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $1,800,000 -- --
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 -- $7,800 $5,800 $2,000
2024 $451 $7,800 $5,800 $2,000
2023 $936 $7,800 $5,800 $2,000
2022 $760 $7,800 $5,800 $2,000
2021 $212 $7,800 $5,800 $2,000
2020 $211 $7,800 $5,800 $2,000
2019 $211 $7,800 $5,800 $2,000
2018 $343 $7,800 $0 $0
2017 $328 $7,800 $0 $0
2016 $312 $7,800 $0 $0
2015 $298 $7,800 $0 $0
2014 $296 $7,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • CELESTE BEAUPRE

    Seller's Agent in 2022

    CELESTE BEAUPRE

    Patterson Schwartz

    (703) 772-6635

    9 in this area

    26 Total Sales

    CELESTE BEAUPRE
    Section Image
  • Randy Mason

    Buyer's Agent in 2022

    Randy Mason

    Jack Lingo - Rehoboth

    (302) 236-1142

    80 in this area

    108 Total Sales

    Randy Mason
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2000365

Bright MLS

APN: 334-13.20-109.00

Delaware Sussex County Rehoboth Beach 19971

37311 Rehoboth Avenue Extension Unit 108,109, Rehoboth Beach, DE

This home is located at 37311 Rehoboth Avenue Extension Unit 108,109, Rehoboth Beach, DE 19971 since 11 October 2021 and is currently estimated at $1,417,538. 37311 Rehoboth Avenue Extension Unit 108,109 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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