$2,025,000
SOLD MAR 4, 2018

48 Maryland Ave Rehoboth Beach, DE 19971

5 Beds
4.5 Baths
2,999 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$675 Per Sq Ft

8% Below List Price

Highlights

  • Coastal Architecture
  • Deck
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • 5-minute walk to Dune Nature Park

About This Home

As of August 2022

Beauty & The BEACH! 1,350 feet to The Atlantic Ocean! Amazing coastal themed home built by one of Rehoboth's most revered builders. This magnificent home boasts 5 bedrooms, two of which are master suites plus 4.5 bathrooms. The interior finishes far exceed similarly priced homes in the area. Hardwood & tile floors, custom cabinets, granite countertops and coffered ceilings are just a few of the many upgrades you will find in your new home away from home. 48 Maryland Ave will be sold completely furnished, so if you choose to tap into the $100k rental income potential, you can hit the ground running! The home is less than one year old & is still under warranty by the builder. A must see if you're in the market for quite coastal living at the beach!

Last Agent to Sell the Property

David Green

(302) 245-4794 davidgreen@remax.net Monument Sotheby's International Realty License #RS-0014032 Listed on: 11/03/2017

Monument Sotheby's International Realty

Co-Listed By

Dale Brown

dale.brown@oasir.net NextHome Tomorrow Realty License #RS-0017270

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,128

Year Built

  • Built in 2016

Lot Details

  • 5,000 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped
  • Cleared Lot
  • Zoning described as TOWN CODES

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Metal Roof
  • Concrete Perimeter Foundation
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 2,999 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Window Screens
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Laundry

  • Washer
  • Gas Dryer

Home Security

  • Surveillance System
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Brick Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Outbuilding
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Heating System Uses Propane
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.13-378.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,128

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 2016
  • Remarks Public: Beauty & The BEACH! 1,350 feet to The Atlantic Ocean! Amazing coastal themed home built by one of Rehoboth's most revered builders. This magnificent home boasts 5 bedrooms, two of which are master suites plus 4.5 bathrooms. The interior finishes far exceed similarly priced homes in the area. Hardwood & tile floors, custom cabinets, granite countertops and coffered ceilings are just a few of the many upgrades you will find in your new home away from home. 48 Maryland Ave will be sold completely furnished, so if you choose to tap into the $100k rental income potential, you can hit the ground running! The home is less than one year old & is still under warranty by the builder. A must see if you're in the market for quite coastal living at the beach!
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Gas, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Oven - Double, Washer, Water Heater - Tankless
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Attic, Breakfast Area, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter, Crawl Space
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2999
  • Living Area Sq Ft: 2999
  • Net Sq Ft: 2999.00
  • Price Per Sq Ft: 725.24
  • Above Grade Finished Sq Ft: 2999
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 48

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Composition
  • Construction Completed: Yes
  • Exterior Features: Outbuilding(s)
  • Roof: Architectural Shingle, Metal
  • 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: 4
  • Parking Features: Brick Driveway
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air, Propane
  • Heating: Yes
  • Hot Water: Tankless
  • Security: Security System, Smoke Detector, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Fencing: Partially
  • Lot Features: Cleared, Landscaping
  • Lot Size Acres: 0.11
  • Lot Size Area: 5000
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5195817
  • Tax Annual Amount: 2128.00
  • Assessor Parcel Number: 334-14.13-378.00
  • County Tax Payment Frequency: Annually
  • Close Date: 03/04/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

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
$3,348,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$251,979
Avg. Annual Appreciation
-2.30%

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
Source: Public Records

Range of Values:

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Average Value
Not Available
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 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
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

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 $6,545 $45,400 $12,500 $32,900
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

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Map

Source: Bright MLS

MLS Number: 1001200532

Bright MLS

APN: 334-14.13-378.00