NOT LISTED FOR SALE

41 Baltimore Ave Rehoboth Beach, DE 19971

Estimated Value: $1,729,000 - $2,375,000

7 Beds
8 Baths
3,000 Sq Ft
$676/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $1,150,000 $383 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $11,151/month

Highlights

  • City View
  • Craftsman Architecture
  • Traditional Floor Plan
  • Rehoboth Elementary School Rated A
  • Deck
  • 5-minute walk to Dune Nature Park

About This Home

As of March 2020

Sellers retiring, formerly operated as a bed and breakfast. Currently a profitable weekly rental. You will not have a problem finding parking. There is parking for up to 10 cars. Expansion possibilities for the home. Or build from the ground up on this rare commercial lot. Low energy cost with a solar power roof. Enjoy the three season front porch, sundeck, There are 7 bedrooms each with their own private bath. Home constructed in the 1920's. Old World charm awaits you. With modern updates. Let you imagination run free. The possibilities are endless for the property. Commercial ,Retail ,Investment, B&B , Private Residence. 1.5 blocks to the sand and surf. The fine shops dining and night life are steps from your front door. The home is licensed to run as a B&B or vacation rental guesthouse. Enjoy the virtual tour. Make this once in a life time opportunity.Your Beach Retreat Today !!!

Last Agent to Sell the Property

Russell Stucki

(302) 228-7871 russellstucki@remax.net RE/MAX Realty Group Rehoboth Listed on: 12/22/2018

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Kara Brasure

(302) 542-3947 kbrasure@psre.com Patterson-Schwartz-Rehoboth License #RS-0023722

Patterson-Schwartz-Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,652

Year Built

  • Built in 1920

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Downtown Location
  • Board Fence

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Furnished
  • Beamed Ceilings
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Formal Dining Room
  • City Views

Kitchen

  • Country Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Electric Dryer
  • Washer

Basement

  • Partial Basement
  • Interior Basement Entry

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 7 Open Parking Spaces
  • Driveway
  • On-Street Parking

Eco-Friendly Details

  • Home Energy Management
  • Solar owned by seller
  • Solar Heating System

Outdoor Features

  • Deck
  • Screened Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Window Unit Cooling System
  • 200+ Amp Service
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 41
  • Assessor Parcel Number 334-14.13-372.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,652

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Craftsman
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1920
  • Remarks Public: Sellers retiring, formerly operated as a bed and breakfast. Currently a profitable weekly rental. You will not have a problem finding parking. There is parking for up to 10 cars. Expansion possibilities for the home. Or build from the ground up on this rare commercial lot. Low energy cost with a solar power roof. Enjoy the three season front porch, sundeck, There are 7 bedrooms each with their own private bath. Home constructed in the 1920's. Old World charm awaits you. With modern updates. Let you imagination run free. The possibilities are endless for the property. Commercial ,Retail ,Investment, B&B , Private Residence. 1.5 blocks to the sand and surf. The fine shops dining and night life are steps from your front door. The home is licensed to run as a B&B or vacation rental guesthouse. Enjoy the virtual tour. Make this once in a life time opportunity.Your Beach Retreat Today !!!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Extra Refrigerator/Freezer, Icemaker, Oven/Range - Gas, Oven - Self Cleaning, Refrigerator, Washer, Water Heater - Tankless
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Carpet, Entry Level Bedroom, Exposed Beams, Formal/Separate Dining Room, Window Treatments, Wood Floors, Primary Bath(s), Kitchen - Island, Kitchen - Country, Floor Plan - Traditional
  • Window Features: Screens, Storm
  • Fireplace: No
  • Door Features: Storm
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Interior Access, Partial
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 400.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 41

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 3
  • Total Bathrooms: 8
  • Full Bathrooms: 8
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 4
  • Upper Level Full Bathrooms: 4

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Asphalt, Shingle
  • View: Street, City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 7
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Bottled Gas
  • Cooling Type: Central A/C, Window Unit(s), Ceiling Fan(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Solar, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Green Features

  • Efficiency: Home Energy Management
  • Green Power: Pv Solar Array(s) Owned
  • Clean Green Assessed: No

Lot Info

  • Fencing: Board
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50x100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened, Roof
  • Zoning: Q
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Total Actual Rent: 65000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5195814
  • School Tax: 1083.00
  • Tax Annual Amount: 1652.00
  • Assessor Parcel Number: 334-14.13-372.00
  • Tax Lot: 41
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 03/20/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2018
Closed on
Mar 20, 2020
Sold by
Gregory Oliver Ret
Bought by
Smith Timothy D and Rich Melissa R
Seller's Agent
Russell Stucki
RE/MAX Realty Group Rehoboth
Buyer's Agent
Kara Brasure
Patterson-Schwartz-Rehoboth
List Price
$1,395,000
Sold Price
$1,150,000
Premium/Discount to List
-$245,000
-17.56%
Current Estimated Value
$2,026,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$876,802
Avg. Annual Appreciation
10.79%
Original Mortgage
$920,000
Outstanding Balance
$813,238
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$1,213,564

Purchase Details

Closed on
Jul 25, 2017
Sold by
Dorosky Andy and Oliver Gregory P
Bought by
Revo Gregory P Oliver Y F Dorosky

Purchase Details

Closed on
Jul 20, 2017
Sold by
Dorosky Andy and Oliver Gregory P
Bought by
Revo Gregory P Oliver Y F Dorosky

Purchase Details

Closed on
Jun 17, 1998
Bought by
Oliver Gregory P and Andy F Dorosky R
Source: Public Records

Range of Values:

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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
Smith Timothy D $1,150,000 None Available
Revo Gregory P Oliver Y F Dorosky -- None Available
Revo Gregory P Oliver Y F Dorosky -- None Available
Oliver Gregory P $485,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Timothy D $920,000
Previous Owner Oliver Gregory P $109,070
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $1,150,000 -4.2% $383 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
09/06/2019 09/06/19 Price Changed $1,199,995 +0.4% $400 / Sq Ft
09/06/2019 09/06/19 Price Changed $1,195,000 -6.3% $398 / Sq Ft
08/31/2019 08/31/19 Price Changed $1,275,000 -1.5% $425 / Sq Ft
04/18/2019 04/18/19 Price Changed $1,295,000 -3.7% $432 / Sq Ft
03/12/2019 03/12/19 Price Changed $1,345,000 -3.6% $448 / Sq Ft
12/22/2018 12/22/18 For Sale $1,395,000 -- $465 / 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 $4,877 $27,450 $12,500 $14,950
2024 $1,353 $27,450 $12,500 $14,950
2023 $1,352 $27,450 $12,500 $14,950
2022 $1,305 $27,450 $12,500 $14,950
2021 $1,293 $27,450 $12,500 $14,950
2020 $1,289 $27,450 $12,500 $14,950
2019 $1,291 $27,450 $12,500 $14,950
2018 $1,205 $27,450 $0 $0
2017 $1,154 $27,450 $0 $0
2016 $1,096 $27,450 $0 $0
2015 $1,048 $27,450 $0 $0
2014 $1,040 $27,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU128270

Bright MLS

APN: 334-14.13-372.00