48 Park Ave Rehoboth Beach, DE 19971
5
Beds
5.5
Baths
3,000
Sq Ft
5,000
Sq Ft Lot
Highlights
- Coastal Architecture
- Wood Flooring
- Attic
- Rehoboth Elementary School Rated A
- Main Floor Bedroom
- 5-minute walk to Lake Gerar Park
About This Home
As of March 2020Like NEW 5BR, 5.5BA Park Paradise located on coveted Park Ave. & just a block to exclusive Deauville Beach & easy walk to Rehoboth boardwalk, restaurants, shops & bike ride to Lewes, Cape Henlopen State Park. Sip your morning coffee on the front porch, meditate to the sounds of the birds in this unique park Like setting. Have cocktails & barbeque on your private back porch w/ comfy seating & outside shower. Featuring an open floor plan, Fireplace, Gourment kitchen, a chefs delight w Wolf & Sub-Zero, Granite, Hardwoods. 5 En-Suite Bedrooms w Carrera marble bathrooms. 1st Floor MBR, DR, Sunroom. Full Basement. NEMA 14-50 charger for Electric Car. Rental income $115K+
Last Agent to Sell the Property
Jack Lingo - Rehoboth License #RS-0017469 Listed on: 03/31/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,044
Year Built
- Built in 2015
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50x100
- Landscaped
- Property is zoned TOWN CODES
Home Design
- Coastal Architecture
- Contemporary Architecture
- Architectural Shingle Roof
- Shake Siding
- Concrete Perimeter Foundation
- Stick Built Home
- Cedar
Interior Spaces
- 3,000 Sq Ft Home
- Property has 2 Levels
- Beamed Ceilings
- Ceiling Fan
- Gas Fireplace
- Insulated Windows
- Window Treatments
- Window Screens
- Insulated Doors
- Great Room
- Open Floorplan
- Dining Room
- Sun or Florida Room
- Storage Room
- Attic
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
- Six Burner Stove
- Range Hood
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile or Brick
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Electric Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 8 Open Parking Spaces
- Driveway
- On-Street Parking
- Off-Street Parking
Accessible Home Design
- Halls are 48 inches wide or more
Outdoor Features
- Screened Patio
- Porch
Utilities
- Zoned Heating and Cooling System
- Heat Pump System
- 220 Volts
- Tankless Water Heater
- Natural Gas Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- North Rehoboth Subdivision
Listing and Financial Details
- Assessor Parcel Number 334-14.13-248.03
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 31, 2020
Closed on
Mar 20, 2020
Sold by
Allen Steven E and Allen Bina
Bought by
Desmond and Hogan Edward
Seller's Agent
Lucius Webb
Jack Lingo - Rehoboth
Buyer's Agent
Christina Haag
Jack Lingo - Rehoboth
List Price
$2,425,000
Sold Price
$2,425,000
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
$1,582,069
Avg. Annual Appreciation
9.32%
Original Mortgage
$1,040,000
Outstanding Balance
$925,943
Interest Rate
3.2%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$2,984,465
Purchase Details
Listed on
Nov 14, 2015
Closed on
May 21, 2016
Sold by
Park Ave Partners Llc
Bought by
Allen Bina and Allen Steven E
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Lucius Webb
Jack Lingo - Rehoboth
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$1,440,000
Interest Rate
3.59%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 2014
Bought by
Park Ave Partners Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,445,000
Interest Rate
4.16%
Mortgage Type
Construction
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 | $2,425,000 | None Available | |
| Deed | $1,800,000 | None Available | |
| Deed | $1,175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,040,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $1,440,000 | New Conventional | |
| Previous Owner | $1,445,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2020 03/31/20 | Sold | $2,425,000 | 0.0% | $808 / Sq Ft |
| 03/31/2020 03/31/20 | For Sale | $2,425,000 | +34.7% | $808 / Sq Ft |
| 03/30/2020 03/30/20 | Pending | -- | -- | -- |
| 05/21/2016 05/21/16 | Sold | $1,800,000 | -9.8% | $600 / Sq Ft |
| 04/20/2016 04/20/16 | Pending | -- | -- | -- |
| 11/14/2015 11/14/15 | 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 | $2,220 | $45,050 | $10,000 | $35,050 |
| 2023 | $2,219 | $45,050 | $10,000 | $35,050 |
| 2022 | $2,141 | $45,050 | $10,000 | $35,050 |
| 2021 | $2,121 | $45,050 | $10,000 | $35,050 |
| 2020 | $2,115 | $45,050 | $10,000 | $35,050 |
| 2019 | $2,118 | $45,050 | $10,000 | $35,050 |
| 2018 | $1,978 | $45,050 | $0 | $0 |
| 2017 | $1,895 | $45,050 | $0 | $0 |
| 2016 | $1,800 | $45,050 | $0 | $0 |
| 2015 | $1,720 | $45,050 | $0 | $0 |
| 2014 | $379 | $10,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2020
Lucius Webb
Jack Lingo - Rehoboth
(302) 258-4590
36 in this area
99 Total Sales
-
Buyer's Agent in 2020
Christina Haag
Jack Lingo - Rehoboth
(302) 227-3883
24 in this area
37 Total Sales
-
Seller's Agent in 2016
Bryce Lingo
Jack Lingo - Rehoboth
(302) 226-6417
190 in this area
367 Total Sales
-
Seller Co-Listing Agent in 2016
Shaun Tull
Jack Lingo - Rehoboth
(302) 226-6417
178 in this area
287 Total Sales
Map
Source: Bright MLS
MLS Number: DESU159070
APN: 334-14.13-248.03
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