NOT LISTED FOR SALE

38 Marshall Rd Rehoboth Beach, DE 19971

Estimated Value: $964,000 - $1,910,000

4 Beds
3.5 Baths
2,854 Sq Ft
$571/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $1,650,000 $578 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,786/month

2 Days on Market

Highlights

  • 12 Feet of Waterfront
  • Primary bedroom faces the bay
  • Pier
  • Rehoboth Elementary School Rated A
  • 2 Dock Slips
  • Bay View

About This Home

As of August 2021

SIMPLY SPECTACULAR. Water enthusiasts and nature lovers, your paradise awaits! Situated directly on the Rehoboth Bay you’ll find this pristine waterfront property that is bulkheaded with a pier and two boat slips. Capture the water views from every room of this nearly new home. Designed with the chef and entertainer in mind the gourmet kitchen features granite countertops, a separate prep sink, huge island and top of the line appliances. This space flows into the sunroom that boasts 180 views of the water and the stunning sunsets. The cozy great room and dining area feature a gas fireplace and a built-in wet bar that expands out to the perfectly positioned outdoor kitchen, another option for cooking al fresco with a built-in grill, a refrigerator and plenty of counter space to prep and entertain while taking in the breathtaking views. This property truly presents you with front row seating to the area’s most beautiful waterway and nature. Relax and unwind at the firepit and watch the herons take flight from the pier, drop your fishing and crab lines, jump on your boat or jet ski and explore the sparkling waterways and the Rehoboth Bay from your own backyard. The first level primary suite that accesses the patio gives you a private sanctuary and separate space from your guests. Upstairs you’ll find three bedrooms, one with a private balcony overlooking the backyard and water and a large bonus room over the garage making an ideal area for movie nights, morning workouts and much more. Added luxuries and conveniences include heated flooring in the sunroom and primary bath, smart storage solutions installed in the garage for all the boating and beach gear, an outdoor shower and a house generator that services the first level of the home. The sellers really have thought of it all. When the home was built the property was built up and features a double bulkhead and a stunning backyard big enough to add a pool if you wish. This property is truly a hidden gem surrounded with the sparkling water views of the Rehoboth Bay with a full pier and two boat slips to park all of your water toys! Once you are here you never have to leave! This home has it all and is only minutes to downtown Rehoboth Beach and the boardwalk. Make yourself at home on the Rehoboth Bay!

Last Agent to Sell the Property

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621 Listed on: 07/30/2021

Monument Sotheby's International Realty

Co-Listed By

Jennifer Barrows

(302) 841-9505 jenn.barrows@oasir.net Monument Sotheby's International Realty

Last Buyer's Agent

Linda Lizzio

(202) 997-1664 linda.lizzio@longandfoster.com Long & Foster Real Estate, Inc. License #RA-0020393

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,601

Year Built

  • Built in 2014

Lot Details

  • 0.5 Acre Lot
  • 12 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Stone Retaining Walls
  • Extensive Hardscape
  • Cleared Lot
  • Property is zoned RS

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,854 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Great Room
  • Bonus Room
  • Sun or Florida Room
  • Bay Views
  • Storm Doors
  • Attic

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Pier
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Bulkhead
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Balcony
  • Patio

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Propane Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 334-22.00-20.03

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,601

Year Built

Built in 2014

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-07-30
  • Federal Flood Zone: Yes
  • Year Built: 2014
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Refrigerator, Icemaker, Oven/Range - Gas, Oven - Self Cleaning, Dishwasher, Disposal, Stainless Steel Appliances, Washer, Dryer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick, Carpet
  • Interior Amenities: Attic, Bar, Built-Ins, Ceiling Fan(s), Carpet, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bedroom - Bay Front, Recessed Lighting, Soaking Tub, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors
  • Window Features: Insulated, Screens
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm, Sliding Glass
  • Levels Count: 2
  • Room List: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Sun/Florida Room, Great Room, Laundry, Bonus Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2854
  • Living Area Sq Ft: 2854
  • Price Per Sq Ft: 525.58
  • Above Grade Finished Sq Ft: 2854
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Extensive Hardscape, Stone Retaining Walls
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access Features: Boat - Powered, Personal Watercraft (PWC), Private Access
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 12

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased, Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 0.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21641.00
  • Outdoor Living Structures: Patio(s), Balcony
  • Zoning: RS
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5205266
  • School Tax: 2354.00
  • Tax Annual Amount: 2601.00
  • Assessor Parcel Number: 334-22.00-20.03
  • Tax Lot: 20
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2024
Sold by
Madeksza Matthew R
Bought by
Matthew Ridgeway Madeksza And Cindy Lung-Hsin and Madeksza
Current Estimated Value
$1,629,101

Purchase Details

Listed on
Jul 30, 2021
Closed on
Aug 31, 2021
Sold by
Hines Barbara and Froome Nancy
Bought by
Madeskza Matthew R and Ran Cindy L
Seller's Agent
Brian Barrows
Monument Sotheby's International Realty
Buyer's Agent
Linda Lizzio
Long & Foster Real Estate, Inc.
List Price
$1,500,000
Sold Price
$1,650,000
Premium/Discount to List
$150,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.30%

Purchase Details

Listed on
Sep 24, 2012
Closed on
Dec 3, 2012
Sold by
Randall B Randall B and Douglas Kathleen R
Bought by
Hines Barbara and Froome Nancy
Seller's Agent
Kathleen Douglass
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Lana Warfield Warfield
Berkshire Hathaway HomeServices PenFed Realty
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%
Original Mortgage
$487,500
Interest Rate
3.44%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Matthew Ridgeway Madeksza And Cindy Lung-Hsin -- None Listed On Document
Madeskza Matthew R $1,650,000 None Available
Hines Barbara $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hines Barbara $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2021 08/31/21 Sold $1,650,000 +10.0% $578 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $1,500,000 +130.8% $526 / Sq Ft
12/03/2012 12/03/12 Sold $650,000 0.0% -- View Prior Sale
10/27/2012 10/27/12 Pending -- -- --
09/24/2012 09/24/12 For Sale $650,000 -- --
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 $2,606 $55,400 $9,250 $46,150
2024 $2,731 $55,400 $9,250 $46,150
2023 $2,728 $55,400 $9,250 $46,150
2022 $2,633 $55,400 $9,250 $46,150
2021 $2,609 $55,400 $9,250 $46,150
2020 $2,601 $55,400 $9,250 $46,150
2019 $2,605 $55,400 $9,250 $46,150
2018 $2,433 $55,400 $0 $0
2017 $2,330 $55,400 $0 $0
2016 $2,213 $55,400 $0 $0
2015 $2,115 $55,400 $0 $0
2014 $2,099 $55,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2003090

Bright MLS

APN: 334-22.00-20.03