$930,000
SOLD MAY 23, 2019

406 King Charles Ave Unit 5 Rehoboth Beach, DE 19971

3 Beds
3 Baths
1,600 Sq Ft
$571/mo HOA Fee

Recently Sold

$581 Per Sq Ft

7% Below List Price

63 Days on Market

Highlights

  • Furnished
  • Open Floorplan
  • Stainless Steel Appliances
  • Rehoboth Elementary School Rated A
  • Upgraded Countertops
  • Porch

About This Home

As of June 2021

NEW PRICE..Ocean Block Rehoboth Beach - Being 1 of only 6 townhomes in the unique enclave of "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 Kitchen Appliances in November 2018, and flooring . The 2nd floor features a master bedroom, 2nd & 3rd bedrooms and a 3rd full bath. This prime location is only steps from the beach, boardwalk, and downtown Rehoboth Beach! You will also enjoy a planned exterior makeover/remodel which is already funded! Inventory is tight so don't hesitate and move in this Spring! It comes furnished and is ready for your enjoyment!

Last Agent to Sell the Property

Michael Bacher

Jack Lingo - Rehoboth Listed on: 02/15/2019

Jack Lingo - Rehoboth

Co-Listed By

Michael Rodriguez

Jack Lingo - Rehoboth License #RS-0017904

Jack Lingo - Rehoboth

Last Buyer's Agent

Michael Rodriguez

Jack Lingo - Rehoboth License #RS-0017904

Jack Lingo - Rehoboth

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1983

Lot Details

  • Decorative Fence
  • Landscaped
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $571 Monthly HOA Fees

Home Design

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

Interior Spaces

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

Kitchen

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

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • Off-Street Parking
  • 2 Assigned Parking Spaces

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Outdoor Shower
  • Patio
  • Shed
  • Porch

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater

Community Details

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, reserve funds, trash, water
  • Charles Place Community
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.18-105.00-5

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,658

Year Built

Built in 1983

Lot Details

0

HOA Fees

$571 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
  • Exclusions: Personal items
  • Inclusions: Furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1983
  • Remarks Public: NEW PRICE..Ocean Block Rehoboth Beach - Being 1 of only 6 townhomes in the unique enclave of "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 Kitchen Appliances in November 2018, and flooring . The 2nd floor features a master bedroom, 2nd & 3rd bedrooms and a 3rd full bath. This prime location is only steps from the beach, boardwalk, and downtown Rehoboth Beach! You will also enjoy a planned exterior makeover/remodel which is already funded! Inventory is tight so don't hesitate and move in this Spring! It comes furnished and is ready for your enjoyment!
  • 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, Partially Carpeted
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Kitchen - Island, 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: 593.12
  • Above Grade Finished Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 406

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
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Stick Built
  • Exterior Features: Outside Shower, Street Lights, Underground Lawn Sprinkler
  • Road Surface Type: Black Top
  • 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
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1714.00
  • 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

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Fencing: Decorative
  • Lot Features: Landscaping
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Very Good
  • Zoning: Q
  • In City Limits: Yes

Rental Info

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

Tax Info

  • School Tax: 983.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1658.00
  • Assessor Parcel Number: 334-14.18-105.00-5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 05/23/2019

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
$1,354,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,803
Avg. Annual Appreciation
9.07%

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

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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 Type Sale Price Title Company
Deed $985,000 None Available
Deed -- --
Deed $930,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $358,000 Stand Alone Refi Refinance Of Original Loan
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
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 $1,289 $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: DESU131976

Bright MLS

APN: 334-14.18-105.00-5