NOT LISTED FOR SALE

Estimated Value: $4,304,000 - $5,363,000

5 Beds
4.5 Baths
3,893 Sq Ft
$1,242/Sq Ft Est. Value

Last Sold July 23, 2020

Last sale price $3,300,000 $848 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $26,112/month

Highlights

  • Ocean Front
  • Water Access
  • New Construction
  • Rehoboth Elementary School Rated A
  • Sandy Beach
  • Commercial Range

About This Home

As of July 2020

Oceanfront, brand new, top-of-the-line, 5 bedroom, 4 1/2 bath home located at 44 Surf Avenue in Rehoboth Beach. Enjoy the ocean views, breezes, sound of waves and sunrises from this unique property that benefits from extremely wide dune protection and is not located in a flood zone. Lot is 18 feet above sea level and no flood insurance is required. The inverted floor plan features a greatroom with beamed & shiplap vaulted ceiling, 2 owner's suites, elevator, office, extensive wainscoting and shiplap millwork, fireplace, gourmet kitchen with huge island, custom cabinets, SubZero and Wolf appliances, Quartz countertops throughout, wide plank hardwood floors in all living areas and bedrooms, custom built-ins, screened porch, deck with cable railing, mudroom, basement with recreation room & lots of storage, detached bike/storage garage, exterior entrance to basement for beach toy storage, outside shower, 2x6 exterior walls, Andersen 400 series stormwatch impact windows & doors, and so much more. See attached list of features and construction specifications. Prime beachfront location and just a short walk to boardwalk, shops, restaurants, nightlife, and everything Rehoboth has to offer. Ready for summer of 2020 enjoyment.

Last Agent to Sell the Property

Joe Reed

(302) 430-4060 joe@reedventures.net Cape Realty Listed on: 05/11/2020

Last Buyer's Agent

Sherri Martin

(302) 226-6622 sherri@sherrimartin.com Jack Lingo - Rehoboth License #RS-0015084

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,071

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50 x 115
  • Ocean Front
  • Sandy Beach
  • Extensive Hardscape
  • Sprinkler System
  • Property is zoned TN

Home Design

  • Coastal Architecture
  • Poured Concrete
  • Spray Foam Insulation
  • Blown-In Insulation
  • Architectural Shingle Roof
  • Cement Siding
  • Shake Siding
  • Stone Siding
  • HardiePlank Type
  • Stick Built Home
  • Asphalt

Interior Spaces

  • Property has 3 Levels
  • 1 Elevator
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Wood Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Marble Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Combination Kitchen and Living
  • Ocean Views
  • Basement

Kitchen

  • Built-In Oven
  • Gas Oven or Range
  • Commercial Range
  • Six Burner Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Electric Dryer
  • Front Loading Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Brick Driveway

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Deck
  • Screened Patio
  • Shed
  • Outbuilding
  • Porch

Schools

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

Utilities

  • 90% Forced Air Heating System
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Yoder & Sons

Listing and Financial Details

  • Assessor Parcel Number 334-14.09-190.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,071

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Expected On Market: 2020-05-22
  • Federal Flood Zone: No
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Oceanfront, brand new, top-of-the-line, 5 bedroom, 4 1/2 bath home located at 44 Surf Avenue in Rehoboth Beach. Enjoy the ocean views, breezes, sound of waves and sunrises from this unique property that benefits from extremely wide dune protection and is not located in a flood zone. Lot is 18 feet above sea level and no flood insurance is required. The inverted floor plan features a greatroom with beamed & shiplap vaulted ceiling, 2 owner's suites, elevator, office, extensive wainscoting and shiplap millwork, fireplace, gourmet kitchen with huge island, custom cabinets, SubZero and Wolf appliances, Quartz countertops throughout, wide plank hardwood floors in all living areas and bedrooms, custom built-ins, screened porch, deck with cable railing, mudroom, basement with recreation room & lots of storage, detached bike/storage garage, exterior entrance to basement for beach toy storage, outside shower, 2x6 exterior walls, Andersen 400 series stormwatch impact windows & doors, and so much more. See attached list of features and construction specifications. Prime beachfront location and just a short walk to boardwalk, shops, restaurants, nightlife, and everything Rehoboth has to offer. Ready for summer of 2020 enjoyment.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Commercial Range, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven - Wall, Oven/Range - Gas, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer - Front Loading, Water Heater - Tankless
  • Flooring Type: Hardwood, Ceramic Tile, Marble
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Combination Kitchen/Living, Crown Moldings, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Recessed Lighting, Walk-In Closet(s), Wainscotting, Wood Floors
  • Fireplace Features: Mantel(s), Marble, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings, Vaulted Ceilings, Wood Ceilings
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Laundry Type: Main Floor, Upper Floor
  • Total Sq Ft: 4624
  • Living Area Sq Ft: 3893
  • Price Per Sq Ft: 1031.77
  • Above Grade Finished Sq Ft: 3368
  • Below Grade Finished Sq Ft: 525
  • Below Grade Sq Ft: 731
  • Total Below Grade Sq Ft: 1256
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 44

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 3
  • Upper Level Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Asphalt, Blown-In Insulation, Hardiplank Type, Cement Siding, Spray Foam Insulation, Shake Siding, Stick Built, Stone
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s), Outside Shower, Underground Lawn Sprinkler, Extensive Hardscape
  • Roof: Architectural Shingle
  • Spa: No
  • View: Ocean
  • Water Access Features: Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Brick Driveway, Concrete Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone Connected
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Size Acres: 0.13
  • Lot Dimensions: 50 x 115
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Outdoor Living Structures: Porch(es), Screened, Deck(s)
  • Year Assessed: 2019
  • Zoning: TN
  • In City Limits: Yes

Building Info

  • Builder Name: Yoder & Sons

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5195281
  • School Tax: 2328.00
  • Tax Annual Amount: 4071.00
  • Assessor Parcel Number: 334-14.09-190.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/23/2020

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Jul 20, 2020
Sold by
Fischer Kristen N and Fischer Ryan T
Bought by
Kevin A Quinn Ret
Seller's Agent
Joe Reed
Cape Realty
Buyer's Agent
Sherri Martin
Jack Lingo - Rehoboth
List Price
$3,475,000
Sold Price
$3,300,000
Premium/Discount to List
-$175,000
-5.04%
Current Estimated Value
$4,833,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,533,500
Avg. Annual Appreciation
7.63%

Purchase Details

Closed on
May 29, 1998
Bought by
Fischer Kristen Nickole and Ryan Thom
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
Kevin A Quinn Ret $3,300,000 None Available
Fischer Kristen Nickole $425,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2020 07/23/20 Sold $3,300,000 +83.3% $848 / Sq Ft
07/23/2020 07/23/20 Sold $1,800,000 -48.2% --
06/27/2020 06/27/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $3,475,000 +93.1% $893 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/30/2018 10/30/18 For Sale $1,800,000 -- --
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 $5,833 $14,350 $13,250 $1,100
2024 $2,696 $14,350 $13,250 $1,100
2023 $2,694 $14,350 $13,250 $1,100
2022 $2,600 $14,350 $13,250 $1,100
2021 $2,576 $14,350 $13,250 $1,100
2020 $2,568 $14,350 $13,250 $1,100
2019 $675 $14,350 $13,250 $1,100
2018 $630 $14,350 $0 $0
2017 $603 $14,350 $0 $0
2016 $573 $14,350 $0 $0
2015 $548 $14,350 $0 $0
2014 $544 $14,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU160626

Bright MLS

APN: 334-14.09-190.00