NOT LISTED FOR SALE

38398 George St Unit 7 Rehoboth Beach, DE 19971

Estimated Value: $509,744 - $928,000

3 Beds
2.5 Baths
1,500 Sq Ft
$479/Sq Ft Est. Value

Last Sold October 22, 2015

Last sale price $420,000 $280 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,115/month

Highlights

  • Deck
  • Wood Burning Stove
  • Attic
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of October 2015

Welcome to Beach Place! Townhouse is located east of rte 1 and a 3 block walk to the ocean up Carolina Street in Rehoboth by the Sea! Brand new Kraftmaid kitchen with granite counters & stainless appliances and all bathrooms have been updated too! The foyer has a powder room and laundry room to the right and eat-in kitchen to your left. There is a dining room that opens to a large family room with fireplace. There is nice deck off the back of the home with an outdoor shower & storage closet - perfect after a day on the beach. Dining room and family room have hardwood floors and foyer, kitchen, and powder room are tile! The second level has a large master suite with it's own private deck. There are two more bedrooms upstairs that share the hallway full bath. Reasonable condo fees cover insurance, lawn mowing, exterior maintenance, & trash removal. Perfect beach retreat and also has a strong rental history. See this one today before it is gone! Over $50K renovation!

Last Agent to Sell the Property

Kim Hamer

(302) 745-9914 kim.hamer@oasir.net Monument Sotheby's International Realty License #RS-0013968 Listed on: 08/28/2015

Monument Sotheby's International Realty

Last Buyer's Agent

Beth Canard

(302) 650-2233 bethcanard@hotmail.com RE/MAX Realty Group Rehoboth

RE/MAX Realty Group Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,792

Year Built

  • Built in 1983

Lot Details

  • 2,178 Sq Ft Lot
  • Landscaped

HOA Fees

  • $159 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Block Foundation
  • Architectural Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Family Room
  • Dining Room
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Beach Place Community
  • Killens Addition Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-20.09-166.00-7

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,792

Year Built

Built in 1983

Lot Details

0

HOA Fees

$159 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Year Built: 1983
  • Remarks Public: Welcome to Beach Place! Townhouse is located east of rte 1 and a 3 block walk to the ocean up Carolina Street in Rehoboth by the Sea! Brand new Kraftmaid kitchen with granite counters & stainless appliances and all bathrooms have been updated too! The foyer has a powder room and laundry room to the right and eat-in kitchen to your left. There is a dining room that opens to a large family room with fireplace. There is nice deck off the back of the home with an outdoor shower & storage closet - perfect after a day on the beach. Dining room and family room have hardwood floors and foyer, kitchen, and powder room are tile! The second level has a large master suite with it's own private deck. There are two more bedrooms upstairs that share the hallway full bath. Reasonable condo fees cover insurance, lawn mowing, exterior maintenance, & trash removal. Perfect beach retreat and also has a strong rental history. See this one today before it is gone! Over $50K renovation!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Attic, Breakfast Area, Kitchen - Eat-In, Pantry, Ceiling Fan(s)
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 2
  • Level Count: 2
  • Levels Count: 2
  • Room Count: 7
  • Room List: Dining Room, Primary Bedroom, Kitchen, Family Room, Laundry, Additional Bedroom
  • Living Area Units: Square Feet
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Net Sq Ft: 1500.00
  • Price Per Sq Ft: 293.27
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38398

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Wood Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower, Outbuilding(s)
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned, Paved Driveway
  • Number Of Parking Spaces Included: 2-Car Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Wood Burn Stove, Heat Pump(s)
  • 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: Yes
  • Condo Co-Op Fee: 1905.00
  • HOA Condo Co-Op Amenities: Cable
  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 0.05
  • Lot Size Units: Acres
  • Lot Sq Ft: 2178.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning Description: GENERAL RESIDENTIAL

Rental Info

  • Total Actual Rent: 10000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5203063
  • Assessor Parcel Number: 334-20.09-166.00-7
  • County Tax Payment Frequency: Annually
  • Close Date: 10/22/2015

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2015
Closed on
Oct 22, 2015
Sold by
Dinicola Donna Haffner and Dinicola William S
Bought by
Lorber Eric S and Lorber Jennifer P
Seller's Agent
Kim Hamer
Monument Sotheby's International Realty
Buyer's Agent
Beth Canard
RE/MAX Realty Group Rehoboth
List Price
$439,900
Sold Price
$420,000
Premium/Discount to List
-$19,900
-4.52%
Current Estimated Value
$718,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,186
Avg. Annual Appreciation
5.55%
Source: Public Records

Range of Values:

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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
Lorber Eric S $420,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2015 10/22/15 Sold $420,000 -4.5% $280 / Sq Ft
09/09/2015 09/09/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $439,900 -- $293 / 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 $1,792 $27,000 $0 $27,000
2024 $1,869 $27,000 $0 $27,000
2023 $1,867 $27,000 $0 $27,000
2022 $1,813 $27,000 $0 $27,000
2021 $1,800 $27,000 $0 $27,000
2020 $1,794 $27,000 $0 $27,000
2019 $1,775 $27,000 $0 $27,000
2018 $1,381 $31,450 $0 $0
2017 $1,323 $31,450 $0 $0
2016 $1,285 $31,450 $0 $0
2015 $1,229 $31,450 $0 $0
2014 $1,220 $31,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001009796

Bright MLS

APN: 334-20.09-166.00-7