NOT LISTED FOR SALE

406 King Charles Ave Unit 5 Rehoboth Beach, DE 19971

Estimated Value: $1,220,272 - $1,526,000

3 Beds
3 Baths
1,600 Sq Ft
$863/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $985,000 $616 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,096/month

About This Home

As of June 2021

NEW PRICE: Ocean Block Rehoboth Beach , Welcome to Charles Place. #5 is truly a RARE OFFERING! Sunny Southern exposure with covered front porch and rear patio for grilling, with an outdoor shower and storage shed make this property live like a single family home. The 1st floor features an open floor plan with living and dining areas towards the front, a beautiful kitchen and family room to the rear, pantry, full bath and laundry too! The kitchen has been remodeled with cabinetry, granite counters, stone back splash, all new stainless steel appliances in November 2018, and flooring . The 2nd floor features a master bedroom and bath, 2 & 3 bedrooms and 3rd bathroom. This prime location is only steps from the beach, boardwalk, and downtown Rehoboth Beach! Inventory is tight so don't hesitate on this one, plus It comes furnished turn key and is ready to enjoy now!!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2020
Closed on
Jun 4, 2021
Sold by
Charles T Housholder Ret
Bought by
Mchugh Mark C and Mchugh Jennifer M
Seller's Agent
Michael Rodriguez
Jack Lingo - Rehoboth
Buyer's Agent
Susannah Griffin
Long & Foster Real Estate, Inc.
List Price
$1,149,000
Sold Price
$985,000
Premium/Discount to List
-$164,000
-14.27%
Current Estimated Value
$1,381,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,068
Avg. Annual Appreciation
8.14%

Purchase Details

Listed on
Feb 15, 2019
Closed on
Jun 19, 2019
Sold by
Housholder Charles T and Housholder Susan Y
Bought by
Charles T Rousholder Ret
Seller's Agent
Michael Bacher
Jack Lingo - Rehoboth
Buyer's Agent
Michael Rodriguez
Jack Lingo - Rehoboth
List Price
$999,000
Sold Price
$930,000
Premium/Discount to List
-$69,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.86%

Purchase Details

Listed on
Feb 15, 2019
Closed on
May 23, 2019
Sold by
Arrighi Scott A and Arrighi Ellen M
Bought by
Housholder Charles T and Housholder Susan Y
Seller's Agent
Michael Bacher
Jack Lingo - Rehoboth
Buyer's Agent
Michael Rodriguez
Jack Lingo - Rehoboth
List Price
$999,000
Sold Price
$930,000
Premium/Discount to List
-$69,000
-6.91%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Mchugh Mark C $985,000 None Available
Charles T Rousholder Ret -- --
Housholder Charles T $930,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $985,000 -3.9% $616 / Sq Ft
03/22/2021 03/22/21 Price Changed $1,025,000 -6.8% $641 / Sq Ft
02/25/2021 02/25/21 Price Changed $1,100,000 -4.3% $688 / Sq Ft
12/15/2020 12/15/20 For Sale $1,149,000 +23.5% $718 / Sq Ft
05/23/2019 05/23/19 Sold $930,000 -2.0% $581 / Sq Ft
03/13/2019 03/13/19 Price Changed $949,000 -5.0% $593 / Sq Ft
02/15/2019 02/15/19 For Sale $999,000 -- $624 / Sq Ft

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 $2,019 $20,800 $0 $20,800
2024 $1,289 $20,800 $0 $20,800
2023 $1,288 $20,800 $0 $20,800
2022 $1,243 $20,800 $0 $20,800
2021 $1,231 $20,800 $0 $20,800
2020 $1,228 $20,800 $0 $20,800
2019 $1,229 $20,800 $0 $20,800
2018 $1,148 $26,150 $0 $0
2017 $1,100 $26,150 $0 $0
2016 $1,045 $26,150 $0 $0
2015 $998 $26,150 $0 $0
2014 $991 $26,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Rodriguez

    Seller's Agent in 2021

    Michael Rodriguez

    Jack Lingo - Rehoboth

    (302) 236-7649

    32 in this area

    52 Total Sales

    Michael Rodriguez
    Section Image
  • Michael Bacher

    Seller Co-Listing Agent in 2021

    Michael Bacher

    Jack Lingo - Rehoboth

    (302) 226-6649

    15 in this area

    25 Total Sales

    Michael Bacher
    Section Image
  • Susannah Griffin

    Buyer's Agent in 2021

    Susannah Griffin

    Long & Foster

    (302) 245-6646

    21 in this area

    70 Total Sales

    Susannah Griffin
    Section Image
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Map

Delaware Sussex County Rehoboth Beach 19971

406 King Charles Ave Unit 5, Rehoboth Beach, DE

This home is located at 406 King Charles Ave Unit 5, Rehoboth Beach, DE 19971 and is currently estimated at $1,381,068, approximately $863 per square foot. 406 King Charles Ave Unit 5 is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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