NOT LISTED FOR SALE

Estimated Value: $2,480,260 - $3,287,000

5 Beds
3 Baths
2,248 Sq Ft
$1,308/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $1,615,000 $718 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $15,968/month

137 Days on Market

Highlights

  • Coastal Architecture
  • Wood Flooring
  • Attic
  • Rehoboth Elementary School Rated A
  • Main Floor Bedroom
  • No HOA

About This Home

As of October 2018

Ocean block in South Rehoboth! This home is only steps to the beach, boardwalk and Silver Lake in one of Rehoboth's most desired neighborhoods. Featuring 5 bedrooms, 3 full baths, this home has great space for family, friends and guests. Step inside and enjoy the spacious front porch, first floor master suite, updated kitchen, engineered hardwood floors, and a light filled sun room. Exterior features include a storage shed, partially fenced backyard, and circular driveway. Excellent location and rental history!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 05/08/2018

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Lucius Webb

(302) 258-4590 luciusrwebb@yahoo.com Jack Lingo - Rehoboth License #RS-0017469

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,122

Year Built

  • Built in 1981

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Partially Fenced Property
  • Landscaped
  • Cleared Lot
  • Property is zoned TOWN CODE, TOWN CODES

Home Design

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

Interior Spaces

  • 2,248 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Crawl Space
  • Storm Windows
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Circular Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Enclosed Patio or Porch
  • Outbuilding

Utilities

  • Zoned Heating and Cooling
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.06-102.03

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,122

Year Built

Built in 1981

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
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1981
  • Remarks Public: Ocean block in South Rehoboth! This home is only steps to the beach, boardwalk and Silver Lake in one of Rehoboth's most desired neighborhoods. Featuring 5 bedrooms, 3 full baths, this home has great space for family, friends and guests. Step inside and enjoy the spacious front porch, first floor master suite, updated kitchen, engineered hardwood floors, and a light filled sun room. Exterior features include a storage shed, partially fenced backyard, and circular driveway. Excellent location and rental history!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Attic, Kitchen - Eat-In, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Screens, Storm
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2248
  • Living Area Sq Ft: 2248
  • Net Sq Ft: 2248.00
  • Price Per Sq Ft: 798.49
  • Above Grade Finished Sq Ft: 2248
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower, Outbuilding(s)
  • 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: Circular Driveway, Concrete Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Fencing: Partially
  • Lot Features: Cleared, Landscaping
  • Lot Size Acres: 0.11
  • Lot Size Area: 5000
  • Lot Dimensions: 50x100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Porch(es), Enclosed
  • Zoning: TOWN CODE
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Total Actual Rent: 60000.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2122.22
  • Assessor Parcel Number: 334-20.06-102.03
  • County Tax Payment Frequency: Annually
  • Close Date: 10/30/2018

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2018
Closed on
Oct 30, 2018
Sold by
Carolyn A Conway Ret
Bought by
Clough Ryan K and Gerardi Kimberly E
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Lucius Webb
Jack Lingo - Rehoboth
List Price
$1,795,000
Sold Price
$1,615,000
Premium/Discount to List
-$180,000
-10.03%
Current Estimated Value
$2,939,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,324,753
Avg. Annual Appreciation
9.04%
Original Mortgage
$1,211,250
Outstanding Balance
$1,062,873
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$1,876,880

Purchase Details

Closed on
Nov 18, 1998
Bought by
Conway Carolyn A (Trustee)
Source: Public Records

Range of Values:

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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
Clough Ryan K $1,615,000 --
Conway Carolyn A (Trustee) -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clough Ryan K $1,211,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2018 10/30/18 Sold $1,615,000 -10.0% $718 / Sq Ft
09/22/2018 09/22/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $1,795,000 -- $798 / 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 $4,582 $35,050 $12,500 $22,550
2024 $1,728 $35,050 $12,500 $22,550
2023 $1,726 $35,050 $12,500 $22,550
2022 $1,666 $35,050 $12,500 $22,550
2021 $1,651 $35,050 $12,500 $22,550
2020 $1,646 $35,050 $12,500 $22,550
2019 $1,648 $35,050 $12,500 $22,550
2018 $1,539 $35,050 $0 $0
2017 $1,474 $35,050 $0 $0
2016 $1,400 $35,050 $0 $0
2015 $1,338 $35,050 $0 $0
2014 $1,328 $35,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001573216

Bright MLS

APN: 334-20.06-102.03