48 Maryland Ave Rehoboth Beach, DE 19971
5
Beds
4.5
Baths
2,999
Sq Ft
5,000
Sq Ft Lot
Highlights
- Newly Remodeled
- Coastal Architecture
- Wood Flooring
- Rehoboth Elementary School Rated A
- Vaulted Ceiling
- 5-minute walk to Dune Nature Park
About This Home
As of August 2022No details overlooked in this new construction! Builder is renowned for remarkable coastal style homes at the beach with incredible flow, natural light, and space. Embrace this newest project, right here. Energy efficient and maximized for outdoor living in the SECOND BEACH BLOCK! This home is a work of art and will exceed your expectations, featuring gourmet kitchen, open porches, 2 master bedrooms, coffered ceilings, gas fireplace, and premium finish work throughout. Potential rental income: $7,500 WEEK in season and $4,500 off season, $100,000 +/-!!
Last Agent to Sell the Property
Jack Lingo - Rehoboth License #RA-0031023 Listed on: 10/29/2015
Last Buyer's Agent
DERRICK LINGO
Jack Lingo - Rehoboth
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $696
Year Built
- Built in 2015 | Newly Remodeled
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50x100
- Cleared Lot
- Zoning described as TOWN CODES
Home Design
- Coastal Architecture
- Architectural Shingle Roof
- Concrete Perimeter Foundation
- Stick Built Home
Interior Spaces
- 2,999 Sq Ft Home
- Property has 2 Levels
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Insulated Windows
- Window Screens
- Insulated Doors
- Wood Flooring
- Crawl Space
- Attic
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Gas Oven or Range
- Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Electric Dryer
- Washer
Parking
- Stone Driveway
- Off-Street Parking
Outdoor Features
- Outdoor Shower
- Porch
Utilities
- Forced Air Zoned Heating and Cooling System
- Cooling System Utilizes Bottled Gas
- Heating System Uses Propane
- Tankless Water Heater
- Propane Water Heater
Community Details
- No Home Owners Association
- North Rehoboth Subdivision
Listing and Financial Details
- Assessor Parcel Number 334-14.13-378.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2022
Closed on
Aug 10, 2022
Sold by
Stmb Llc
Bought by
Rachuba Rehoboth Llc
Seller's Agent
Steve Allnutt
RE/MAX Advantage Realty
Buyer's Agent
Steve Allnutt
RE/MAX Advantage Realty
List Price
$3,500,000
Sold Price
$3,600,000
Premium/Discount to List
$100,000
2.86%
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$95,483
Avg. Annual Appreciation
-1.75%
Purchase Details
Listed on
Nov 3, 2017
Closed on
Feb 23, 2018
Sold by
Thomas O Zupon Ret
Bought by
Stmb Llc
Seller's Agent
David Green
Monument Sotheby's International Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$2,195,000
Sold Price
$2,025,000
Premium/Discount to List
-$170,000
-7.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%
Purchase Details
Listed on
Oct 29, 2015
Closed on
Jan 5, 2017
Sold by
Lisa M Gamuciello Rev Trust
Bought by
Thomas O Zupon Rev Trust Dated Dec 21 20
Seller's Agent
Tracy Kelley
Jack Lingo - Rehoboth
Buyer's Agent
DERRICK LINGO
Jack Lingo - Rehoboth
List Price
$1,995,000
Sold Price
$1,860,000
Premium/Discount to List
-$135,000
-6.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$800,000
Interest Rate
4.13%
Mortgage Type
New Conventional
Similar Homes in Rehoboth Beach, DE
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $3,600,000 | Law Office Of Saagar B Shah | |
| Deed | $1,925,000 | -- | |
| Deed | $1,860,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $800,000 | New Conventional | |
| Previous Owner | $2,680,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2022 08/17/22 | Sold | $3,600,000 | +2.9% | $1,200 / Sq Ft |
| 07/17/2022 07/17/22 | Pending | -- | -- | -- |
| 07/08/2022 07/08/22 | For Sale | $3,500,000 | +72.8% | $1,167 / Sq Ft |
| 03/04/2018 03/04/18 | Sold | $2,025,000 | -6.9% | $675 / Sq Ft |
| 02/13/2018 02/13/18 | Pending | -- | -- | -- |
| 12/21/2017 12/21/17 | Price Changed | $2,175,000 | -0.9% | $725 / Sq Ft |
| 11/03/2017 11/03/17 | For Sale | $2,195,000 | +18.0% | $732 / Sq Ft |
| 01/06/2017 01/06/17 | Sold | $1,860,000 | -6.8% | $620 / Sq Ft |
| 08/30/2016 08/30/16 | Pending | -- | -- | -- |
| 10/29/2015 10/29/15 | For Sale | $1,995,000 | -- | $665 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,238 | $45,400 | $12,500 | $32,900 |
| 2023 | $2,236 | $45,400 | $12,500 | $32,900 |
| 2022 | $2,158 | $45,400 | $12,500 | $32,900 |
| 2021 | $2,138 | $45,400 | $12,500 | $32,900 |
| 2020 | $2,131 | $45,400 | $12,500 | $32,900 |
| 2019 | $2,135 | $45,400 | $12,500 | $32,900 |
| 2018 | $1,994 | $45,400 | $0 | $0 |
| 2017 | $1,909 | $45,400 | $0 | $0 |
| 2016 | $1,814 | $45,400 | $0 | $0 |
| 2015 | $477 | $12,500 | $0 | $0 |
| 2014 | $474 | $12,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
Steve Allnutt
RE/MAX
(410) 336-7787
4 in this area
265 Total Sales
-
D
Seller's Agent in 2018
David Green
OCEAN ATLANTIC SOTHEBYS
(302) 245-4794
2 in this area
13 Total Sales
-
D
Seller Co-Listing Agent in 2018
Dale Brown
NextHome Tomorrow Realty
(302) 381-2598
5 in this area
17 Total Sales
-
d
Buyer's Agent in 2018
datacorrect BrightMLS
Non Subscribing Office
-
Seller's Agent in 2017
Tracy Kelley
Jack Lingo - Rehoboth
(302) 227-3883
26 in this area
41 Total Sales
-
D
Buyer's Agent in 2017
DERRICK LINGO
Jack Lingo - Rehoboth
Map
Source: Bright MLS
MLS Number: 1001011564
APN: 334-14.13-378.00
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