NOT LISTED FOR SALE

43 Olive Ave Rehoboth Beach, DE 19971

Estimated Value: $2,264,139 - $2,950,000

8 Beds
3.5 Baths
-- Sq Ft
5,009 Sq Ft Lot Lot

Sale Details

Date Sold: October 16, 2012

Last sale price $1,115,000

Est. 131% increase in value since last sale

Current estimated payment $13,997 / mo

529 Days on Market

Highlights

  • Lake View
  • Colonial Architecture
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Property borders a national or state park
  • Main Floor Bedroom

About This Home

As of October 2012

The charm of old Rehoboth and room for all. 1 1/2 blocks to the beach. 5 Bdrms 2 baths central heat & air, DR,frplc, main hse. Plus 2+ Bdrm 1 bath garage apt. with Lake view.

Last Agent to Sell the Property

JOY HEARN

(302) 227-5000 rehobothde@premiermove.com Coldwell Banker Premier - Rehoboth Listed on: 05/02/2011

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Sherri Martin

(302) 227-3883 sherri@sherrimartin.com Jack Lingo - Rehoboth License #RS-0015084

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,278

Lot Details

  • Lot Dimensions are 50x100
  • Property borders a national or state park

Property Views

  • Lake
  • Pond

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof
  • Asbestos
  • Stick Built Home
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Living Room
  • Dining Room
  • Stacked Washer and Dryer
  • Attic

Kitchen

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

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom

Parking

  • Detached Garage
  • Gravel Driveway
  • Dirt Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Screened Patio
  • Porch

Utilities

  • Central Air
  • Cooling System Utilizes Bottled Gas
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Propane
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.13-291.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,278

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer/Dryer Stacked
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic, Kitchen - Eat-In, Entry Level Bedroom, Ceiling Fan(s)
  • Fireplace Features: Wood, Insert
  • Fireplace: No
  • Foundation Details: Block
  • Level Count: 2
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Additional Bedroom
  • Basement: No

Beds/Baths

  • Bedrooms: 8
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Construction Materials: Stick Built, Brick, Asbestos, Cedar
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Composite
  • View: Lake, Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Dirt Driveway, Gravel Driveway
  • Type Of Parking: Off Street, Driveway, Detached Garage

Utilities

  • Refuse: 460.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Propane
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 25.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Dimensions: 50x100
  • Outdoor Living Structures: Porch(es), Screened
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5195666
  • Tax Annual Amount: 1278.00
  • Assessor Parcel Number: 334-14.13-291.00
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Total Tax Bill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2023
Sold by
Hastings Matthew T
Bought by
Matthew T Hastings Revocable Trust and Hastings
Current Estimated Value
$2,578,785

Purchase Details

Listed on
May 2, 2011
Closed on
Oct 15, 2012
Sold by
Pelham Peter and Pelham Samuel
Bought by
Hastings Matthew T and Newberry Jerald L
Seller's Agent
JOY HEARN
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Sherri Martin
Jack Lingo - Rehoboth
List Price
$1,115,000
Sold Price
$1,115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$575,000
Interest Rate
3.56%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Matthew T Hastings Revocable Trust -- None Listed On Document
Hastings Matthew T $1,115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hastings Matthew T $575,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2012 10/16/12 Sold $1,115,000 0.0% --
10/12/2012 10/12/12 Pending -- -- --
05/02/2011 05/02/11 For Sale $1,115,000 -- --
Source: Bright MLS

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 $5,020 $28,150 $12,500 $15,650
2024 $1,387 $28,150 $12,500 $15,650
2023 $1,386 $28,150 $12,500 $15,650
2022 $1,338 $28,150 $12,500 $15,650
2021 $1,326 $28,150 $12,500 $15,650
2020 $1,322 $28,150 $12,500 $15,650
2019 $1,324 $28,150 $12,500 $15,650
2018 $1,236 $28,150 $0 $0
2017 $1,184 $28,150 $0 $0
2016 $1,124 $28,150 $0 $0
2015 $1,052 $27,550 $0 $0
2014 $1,044 $27,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    JOY HEARN

    Coldwell Banker Premier - Rehoboth

    (302) 227-5000

    3 Total Sales

    JOY HEARN
    Section Image
  • Sherri Martin

    Buyer's Agent in 2012

    Sherri Martin

    Jack Lingo - Rehoboth

    (302) 226-6622

    5 in this area

    14 Total Sales

    Sherri Martin
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000959178

Bright MLS

APN: 334-14.13-291.00

Delaware Sussex County Rehoboth Beach 19971

43 Olive Ave, Rehoboth Beach, DE

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