NOT LISTED FOR SALE

4 Laurel St Unit 101C Rehoboth Beach, DE 19971

Estimated Value: $359,000 - $1,661,000

2 Beds
2 Baths
1,200 Sq Ft
$575/mo HOA Fee

Last Sold February 26, 2021

Last sale price $725,000 $604 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,607/month

116 Days on Market

Highlights

  • Ocean View
  • Penthouse
  • Furnished
  • Rehoboth Elementary School Rated A
  • Main Floor Bedroom
  • Community Pool

About This Home

As of February 2021

LIFES A BREEZE AT MARINERS COURT. Location really is everything. Whether it’s a morning cup of Joe and a sunrise, a walk on the famed boardwalk, catching an ocean breeze on your dual covered balconies, watching the kids in the community swimming pool from your dual covered balconies, the ocean’s soothing lullaby, walking to dining & entertainment, or the one-minute convenience to and from the sand and surf of your beach days, this premium, all on one level, corner unit is a breeze of a decision. Other superior virtues (some unique to Unit 101) include: elevator access, easy transformation of Dining Room to a third bedroom (for a boost in functionality and rental income), remove the wall between Kitchen & Living Room to enjoy a naturally-lit, open concept family gathering space, exterior spigot at the Living Room Balcony for ease of filling the kiddie pool; two side-by-side (not stacked) assigned, conveniently located covered parking spaces, Atlantic Ocean Vistas and reliable rental income. Currently renting for $2,250 per week; however, as a 3BR, updated property, the weekly rental potential is $3,500.

Last Agent to Sell the Property

Skip Faust

Coldwell Banker Premier - Rehoboth License #RA-0002618 Listed on: 09/29/2020

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Tjark Bateman

Jack Lingo - Rehoboth License #RS-0023037

Jack Lingo - Rehoboth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1974

HOA Fees

  • $575 Monthly HOA Fees

Parking

  • 2 Assigned Parking Garage Spaces
  • Assigned parking located at #101

Home Design

  • Penthouse
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Dining Room
  • Ocean Views

Kitchen

  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Home Security

  • Exterior Cameras
  • Surveillance System

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Outdoor Grill

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.18-111.00-101C

Community Details

Overview

  • Association fees include common area maintenance, high speed internet, broadband, pool(s)
  • 1 Elevator
  • Building Winterized
  • Low-Rise Condominium
  • Mariners Court Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,450

Year Built

Built in 1974

Lot Details

0

HOA Fees

$575 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1974
  • Assigned Parking Space Numbers: 101
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: LIFES A BREEZE AT MARINERS COURT. Location really is everything. Whether it’s a morning cup of Joe and a sunrise, a walk on the famed boardwalk, catching an ocean breeze on your dual covered balconies, watching the kids in the community swimming pool from your dual covered balconies, the ocean’s soothing lullaby, walking to dining & entertainment, or the one-minute convenience to and from the sand and surf of your beach days, this premium, all on one level, corner unit is a breeze of a decision. Other superior virtues (some unique to Unit 101) include: elevator access, easy transformation of Dining Room to a third bedroom (for a boost in functionality and rental income), remove the wall between Kitchen & Living Room to enjoy a naturally-lit, open concept family gathering space, exterior spigot at the Living Room Balcony for ease of filling the kiddie pool; two side-by-side (not stacked) assigned, conveniently located covered parking spaces, Atlantic Ocean Vistas and reliable rental income. Currently renting for $2,250 per week; however, as a 3BR, updated property, the weekly rental potential is $3,500.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Refrigerator, Water Heater, Washer
  • Entry Floor: 2
  • Flooring Type: Ceramic Tile, Carpet
  • Interior Amenities: Ceiling Fan(s), Entry Level Bedroom
  • Fireplace: No
  • Elevators Count: 1
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 625.00
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Bbq Grill, Street Lights, Sidewalks
  • Roof: Composite
  • Spa: No
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras, Main Entrance Lock, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 575.02
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, High Speed Internet, Broadband, Pool(s)
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: RC
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 26700.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5197244
  • Tax Annual Amount: 1450.00
  • Assessor Parcel Number: 334-14.18-111.00-101C
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 02/26/2021

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2015
Sold by
Tidd Properties Llc
Bought by
Tidd Jeffrey C
Total Days on Market
116
Current Estimated Value
$1,114,136

Purchase Details

Closed on
Feb 17, 2010
Bought by
Tidd Properties Llc

Purchase Details

Closed on
Feb 3, 2010
Bought by
Tidd Properties Llc
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
Tidd Jeffrey C -- None Available
Tidd Properties Llc -- --
Tidd Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stratford Maureen F $435,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $725,000 -3.3% $604 / Sq Ft
12/28/2020 12/28/20 Price Changed $750,000 -8.5% $625 / Sq Ft
09/29/2020 09/29/20 For Sale $820,000 -- $683 / 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 $1,429 $26,150 $0 $26,150
2023 $1,428 $26,150 $0 $26,150
2022 $1,378 $26,150 $0 $26,150
2021 $1,366 $26,150 $0 $26,150
2020 $1,362 $26,150 $0 $26,150
2019 $1,363 $26,150 $0 $26,150
2018 $1,274 $29,000 $0 $0
2017 $1,220 $29,000 $0 $0
2016 $1,158 $29,000 $0 $0
2015 $1,107 $29,000 $0 $0
2014 $1,099 $29,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU168116

Bright MLS

APN: 334-14.18-111.00-101C