NOT LISTED FOR SALE

406 King Charles Ave Unit 5 Rehoboth Beach, DE 19971

Estimated Value: $1,286,000 - $1,717,000

3 Beds
3 Baths
1,600 Sq Ft
$897/Sq Ft Est. Value

Last Sold June 04, 2021

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

Est. 46% increase in value since last sale

Current estimated payment $8,325/month

99 Days on Market

Highlights

  • Furnished
  • Open Floorplan
  • Stainless Steel Appliances
  • Rehoboth Elementary School Rated A
  • Upgraded Countertops
  • Walk-In Closet

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!!

Last Agent to Sell the Property

Michael Rodriguez

(302) 236-7649 mrod@jacklingo.com Jack Lingo - Rehoboth License #RS-0017904 Listed on: 12/15/2020

Jack Lingo - Rehoboth

Co-Listed By

Michael Bacher

(302) 226-6649 michaelbacher@aol.com Jack Lingo - Rehoboth

Last Buyer's Agent

Susannah Griffin

(302) 245-6646 susannah@lnf.com Long & Foster Real Estate, Inc. License #RS-0015236

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,808

Year Built

  • Built in 1983

Lot Details

  • 2,396

HOA Fees

  • $606 Monthly HOA Fees

Parking

  • 2 Assigned Parking Spaces

Home Design

  • Side-by-Side
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,600 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Window Treatments
  • Open Floorplan
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Property is in very good condition

Community Details

  • $1,819 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, reserve funds, trash, water
  • Charles Place Community
  • South Rehoboth Subdivision
  • Property Manager

Listing and Financial Details

  • Assessor Parcel Number 334-14.18-105.00-5

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,808

Year Built

Built in 1983

Lot Details

0

HOA Fees

$606 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Side-By-Side
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-12-15
  • Federal Flood Zone: No
  • Year Built: 1983
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Living, Primary Bath(s), Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1600
  • Living Area Sq Ft: 1600
  • Price Per Sq Ft: 640.62
  • Above Grade Finished Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • 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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned

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
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1819.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Reserve Funds, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 1819.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1111.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1808.00
  • Assessor Parcel Number: 334-14.18-105.00-5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CAPE HENLOPEN

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
$1,435,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,659
Avg. Annual Appreciation
8.71%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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
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 $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

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Map

Source: Bright MLS

MLS Number: DESU174470

Bright MLS

APN: 334-14.18-105.00-5