NOT LISTED FOR SALE

38366 F Benson St Rehoboth Beach, DE 19971

Estimated Value: $1,110,099 - $2,486,000

6 Beds
3 Baths
2,688 Sq Ft
$568/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $675,000 $251 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $8,616/month

347 Days on Market

Highlights

  • Coastal Architecture
  • Deck
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • Attic

About This Home

As of August 2017

Great investment or second home opportunity between Rehoboth Beach and Dewey, east of Route 1! Six bedrooms/three baths with spacious front porch off of den/dinette area. Ample parking with oversized two car garage and large driveway. Never been rented but great investment potential estimated at $4,000 per week, during peak season.

Last Agent to Sell the Property

NORMAN BENNETT

Monument Sotheby's International Realty Listed on: 07/15/2016

Co-Listed By

MICHAEL BERNER

DSM COMMERCIAL

Last Buyer's Agent

Dustin Oldfather

Compass License #RS-0017091

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,723

Year Built

  • Built in 1996

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Partially Fenced Property
  • Zoning described as COMMERCIAL/RESIDENTIAL

Home Design

  • Coastal Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,688 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Window Screens
  • Open Floorplan
  • Attic Fan
  • Storm Windows

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Parking

  • Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Killens Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.09-156.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,723

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1996
  • Remarks Public: Great investment or second home opportunity between Rehoboth Beach and Dewey, east of Route 1! Six bedrooms/three baths with spacious front porch off of den/dinette area. Ample parking with oversized two car garage and large driveway. Never been rented but great investment potential estimated at $4,000 per week, during peak season.
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Extra Refrigerator/Freezer, Icemaker, Refrigerator, Oven/Range - Electric, Range Hood, Water Heater
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Attic, Combination Kitchen/Dining, Combination Kitchen/Living, Pantry, Entry Level Bedroom, Ceiling Fan(s), Skylight(s), Window Treatments
  • Window Features: Screens, Storm
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2688
  • Living Area Sq Ft: 2688
  • Net Sq Ft: 2688.00
  • Price Per Sq Ft: 260.04
  • Above Grade Finished Sq Ft: 2688
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38366

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway, Under Home Parking
  • Garage Features: Garage Door Opener

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Attic Fan, Heat Pump(s), Zoned
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Fencing: Partially
  • Lot Size Acres: 0.12
  • Lot Dimensions: 50x100
  • Lot Size Units: Acres
  • Lot Sq Ft: 5227.00
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: COMMERCIAL/RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5203041
  • Assessor Parcel Number: 334-20.09-156.00
  • County Tax Payment Frequency: Annually
  • Close Date: 08/18/2017

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Aug 16, 2017
Sold by
Maria E Worthington Berner Living Trust
Bought by
Watt April and Watt Stephen
Seller's Agent
NORMAN BENNETT
Monument Sotheby's International Realty
Buyer's Agent
Dustin Oldfather
Compass
List Price
$795,000
Sold Price
$675,000
Premium/Discount to List
-$120,000
-15.09%
Total Days on Market
347
Current Estimated Value
$1,526,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$851,775
Avg. Annual Appreciation
11.33%
Original Mortgage
$540,000
Outstanding Balance
$455,929
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$1,116,390

Purchase Details

Closed on
Jan 25, 2002
Bought by
Berner Michael D (Trustees) & Maria E Wo
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
Watt April $675,000 None Available
Berner Michael D (Trustees) & Maria E Wo $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watt April $540,000
Previous Owner Berner Michael D (Trustees) & Maria E Wo $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2017 08/18/17 Sold $675,000 -15.1% $251 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
07/15/2016 07/15/16 For Sale $795,000 -- $296 / 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 $1,723 $28,500 $5,000 $23,500
2023 $1,722 $28,500 $5,000 $23,500
2022 $1,673 $28,500 $5,000 $23,500
2021 $1,661 $28,500 $5,000 $23,500
2020 $1,656 $28,500 $5,000 $23,500
2019 $1,636 $28,500 $5,000 $23,500
2018 $1,252 $28,500 $0 $0
2017 $1,199 $28,500 $0 $0
2016 $1,174 $28,500 $0 $0
2015 $1,123 $28,500 $0 $0
2014 $1,115 $28,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • NORMAN BENNETT

    Seller's Agent in 2017

    NORMAN BENNETT

    OCEAN ATLANTIC SOTHEBYS

    Section Image

  • M

    Seller Co-Listing Agent in 2017

    MICHAEL BERNER

    DSM COMMERCIAL

  • Dustin Oldfather

    Buyer's Agent in 2017

    Dustin Oldfather

    Compass

    (302) 249-5899

    120 in this area

    1,513 Total Sales

    Dustin Oldfather
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001019622

Bright MLS

APN: 334-20.09-156.00

Delaware Sussex County Rehoboth Beach 19971

38366 F Benson St, Rehoboth Beach, DE

This home is located at 38366 F Benson St, Rehoboth Beach, DE 19971 since 15 July 2016 and is currently estimated at $1,526,775, approximately $567 per square foot. This property was built in 1996. 38366 F Benson St 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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