NOT LISTED FOR SALE

5 Madaket Ct Rehoboth Beach, DE 19971

Estimated Value: $313,954 - $575,000

3 Beds
2 Baths
1,472 Sq Ft
$332/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $326,000 $221 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,752/month

Highlights

  • Parking available for a boat
  • Open Floorplan
  • Rambler Architecture
  • Rehoboth Elementary School Rated A
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of September 2020

Rare one owner home in Rehoboth Beach that would make a great rental property, second home, or permanent residence. The home is being sold mainly turn key. It was built by Gemcraft and is the Bethany model with 3 bedrooms and 2 full bathrooms and an unfinished basement with 2 car garage. The kitchen has beautiful Merillat maple cabinets and is open to the dining room and living room. A very nice sized pantry off of the kitchen. There is an awesome screened in porch to sit and enjoy our beautiful weather with views of gorgeous sunsets. The screens were just replaced in 2019. You will like the nice sized master bedroom with an attached master bathroom with a walk in shower with a bench seat. It also has a nice sized closet. Then you have two spare bedrooms. There is an irrigation system that will keep your yard looking great. The community has a clubhouse with an in ground outdoor pool. There is also a storage lot for your boat or RV. A low yearly HOA fee of $1,000 for those great amenities! The home has been freshly painted and carpets have been cleaned. You will be very impressed how well this home shows, it looks hardly lived in! Finish off the basement and double your square footage. For the investor there is a great year round rental potential.

Last Agent to Sell the Property

Melissa Rudy

(717) 805-8937 mrudy@kw.com Keller Williams Realty License #RS-0024423 Listed on: 03/08/2020

Keller Williams Realty

Last Buyer's Agent

Gary Desch

(302) 947-9100 garydesch@northroprealty.com Northrop Realty License #RS0025597

Northrop Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,139

Year Built

  • Built in 2003

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 71.00 x 95.00
  • Sprinkler System
  • Property is in good condition
  • Property is zoned MR

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway
  • On-Street Parking
  • Parking available for a boat

Home Design

  • Rambler Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,472 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • 200+ Amp Service
  • Propane Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-18.00-421.00

Community Details

Overview

  • $1,000 Capital Contribution Fee
  • Association fees include common area maintenance
  • Hps Management HOA, Phone Number (302) 227-7878
  • Built by Gemcraft
  • Villages Of Old Landing II Subdivision, Bethany Floorplan

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,139

Year Built

Built in 2003

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: Some furniture included please see furniture addendum
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: Rare one owner home in Rehoboth Beach that would make a great rental property, second home, or permanent residence. The home is being sold mainly turn key. It was built by Gemcraft and is the Bethany model with 3 bedrooms and 2 full bathrooms and an unfinished basement with 2 car garage. The kitchen has beautiful Merillat maple cabinets and is open to the dining room and living room. A very nice sized pantry off of the kitchen. There is an awesome screened in porch to sit and enjoy our beautiful weather with views of gorgeous sunsets. The screens were just replaced in 2019. You will like the nice sized master bedroom with an attached master bathroom with a walk in shower with a bench seat. It also has a nice sized closet. Then you have two spare bedrooms. There is an irrigation system that will keep your yard looking great. The community has a clubhouse with an in ground outdoor pool. There is also a storage lot for your boat or RV. A low yearly HOA fee of $1,000 for those great amenities! The home has been freshly painted and carpets have been cleaned. You will be very impressed how well this home shows, it looks hardly lived in! Finish off the basement and double your square footage. For the investor there is a great year round rental potential.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Pantry, Walk-In Closet(s), Window Treatments, Tub Shower
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 1472
  • Living Area Sq Ft: 1472
  • Price Per Sq Ft: 233.63
  • Above Grade Finished Sq Ft: 1472
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding
  • Exterior Features: Sidewalks, Underground Lawn Sprinkler, Boat Storage
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane, Electric Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 1000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA Name: HPS MANAGEMENT
  • HOA Phone: 302-227-7878
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Fenced, In Ground

Fee Information

  • Capital Contribution Fee: 1000.00

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 18800.00
  • Land Assessed Value: 5450.00
  • Land Use Code: RS
  • Lot Size Acres: 0.19
  • Lot Dimensions: 71.00 x 95.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Outdoor Living Structures: Screened, Porch(es)
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: MR
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: Gemcraft

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5198065
  • School Tax: 1031.00
  • Tax Annual Amount: 1139.00
  • Assessor Parcel Number: 334-18.00-421.00
  • Tax Total Finished Sq Ft: 1472
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/04/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2020
Closed on
Sep 4, 2020
Sold by
Mosher Patricia M
Bought by
Rodriguez-Knotts Yaritza
Seller's Agent
Melissa Rudy
Keller Williams Realty
Buyer's Agent
Gary Desch
Northrop Realty
List Price
$349,900
Sold Price
$326,000
Premium/Discount to List
-$23,900
-6.83%
Current Estimated Value
$488,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,739
Avg. Annual Appreciation
8.33%

Purchase Details

Closed on
Apr 15, 2003
Bought by
Mosher Patricia M
Source: Public Records

Range of Values:

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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
Rodriguez-Knotts Yaritza $326,000 None Available
Mosher Patricia M $213,100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $326,000 -5.2% $221 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
06/20/2020 06/20/20 Price Changed $343,900 -1.7% $234 / Sq Ft
03/08/2020 03/08/20 For Sale $349,900 -- $238 / 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 $933 $24,250 $5,450 $18,800
2024 $1,264 $24,250 $5,450 $18,800
2023 $1,194 $24,250 $5,450 $18,800
2022 $1,153 $24,250 $5,450 $18,800
2021 $1,142 $24,250 $5,450 $18,800
2020 $1,139 $24,250 $5,450 $18,800
2019 $1,140 $24,250 $5,450 $18,800
2018 $1,065 $24,250 $0 $0
2017 $1,020 $24,250 $0 $0
2016 $969 $24,250 $0 $0
2015 $926 $24,250 $0 $0
2014 $919 $24,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU152688

Bright MLS

APN: 334-18.00-421.00