NOT LISTED FOR SALE

5 Marshall Rd Rehoboth Beach, DE 19971

Estimated Value: $624,019 - $2,665,000

5 Beds
6 Baths
5,000 Sq Ft
$303/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $2,350,000 $470 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $8,731/month

Highlights

  • 150 Feet of Waterfront
  • Primary bedroom faces the bay
  • Pier
  • Rehoboth Elementary School Rated A
  • 1 Dock Slip
  • Home Theater

About This Home

As of April 2022

Experience the natural elegance of living on the water. It doesn’t get any better than this…direct bayfront with a Southern Exposure boasting 150 feet of waterfront on Rehoboth Bay. Ready for immediate occupancy; this 5- bedroom showplace offers delightful bay views from nearly every room to take in sunrises, sunsets and experience the abundance of the natural surroundings. A sense of calm is noticed throughout this elegantly renovated home with its soft hues and sounds of water makes for a sublime lifestyle. There is room for all with 2 comfortable living areas with 2 gas fireplaces, a master suite on both the first and second floors plus 3 additional bedrooms, one with a separate entrance perfect for in-laws or a nanny. Any chef would delight in this smartly designed kitchen with handsome cabinetry, gleaming stainless-steel appliances, and granite countertops. No expense was spared with attractive updates both inside and out with new riprap, new dock and boat lift complete with lighting, new hardscape patio, up lighting plus exterior paint and stonework. Come see this Rehoboth Beach waterfront gem and learn why this secluded community is a best-kept secret among the locals. Elegant shops, popular restaurants and the beach are just a short drive away.

Last Agent to Sell the Property

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 03/16/2022

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Zachary Foust

Myers Realty License #rs0024322

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,545

Year Built

  • Built in 1971 | Remodeled in 2018

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 141.00 x 170.00
  • 150 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Extensive Hardscape
  • Property is in excellent condition

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Bay
  • Panoramic

Home Design

  • Coastal Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,000 Sq Ft Home
  • Property has 2 Levels
  • Partially Furnished
  • Bar
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Open Floorplan
  • Living Room
  • Breakfast Room
  • Home Theater
  • Den

Kitchen

  • Gourmet Kitchen
  • Built-In Double Oven
  • Cooktop
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Cedar Closet
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Pier
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Bulkhead
  • Rip-Rap
  • Electric Hoist or Boat Lift
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Deck
  • Exterior Lighting

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Vented Exhaust Fan
  • Propane
  • Tankless Water Heater

Additional Features

  • Level Entry For Accessibility
  • Flood Risk

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 334-22.00-37.00

Community Details

Overview

  • No Home Owners Association
  • Old Landing Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,545

Year Built

Built in 1971 | Remodeled in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: List provided/uploaded in documents
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Experience the natural elegance of living on the water. It doesn’t get any better than this…direct bayfront with a Southern Exposure boasting 150 feet of waterfront on Rehoboth Bay. Ready for immediate occupancy; this 5- bedroom showplace offers delightful bay views from nearly every room to take in sunrises, sunsets and experience the abundance of the natural surroundings. A sense of calm is noticed throughout this elegantly renovated home with its soft hues and sounds of water makes for a sublime lifestyle. There is room for all with 2 comfortable living areas with 2 gas fireplaces, a master suite on both the first and second floors plus 3 additional bedrooms, one with a separate entrance perfect for in-laws or a nanny. Any chef would delight in this smartly designed kitchen with handsome cabinetry, gleaming stainless-steel appliances, and granite countertops. No expense was spared with attractive updates both inside and out with new riprap, new dock and boat lift complete with lighting, new hardscape patio, up lighting plus exterior paint and stonework. Come see this Rehoboth Beach waterfront gem and learn why this secluded community is a best-kept secret among the locals. Elegant shops, popular restaurants and the beach are just a short drive away.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Oven - Double, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Water Heater - Tankless
  • Flooring Type: Luxury Vinyl Plank, Carpet, Ceramic Tile
  • Interior Amenities: Cedar Closet(s), Ceiling Fan(s), Entry Level Bedroom, Kitchen - Island, Kitchen - Gourmet, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Combination Kitchen/Living, Combination Kitchen/Dining, Bar
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Beamed Ceilings
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Primary Bedroom, Kitchen, Den, Foyer, Breakfast Room, Laundry, Mud Room, Media Room, Primary Bathroom, Half Bath
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 5000
  • Living Area Sq Ft: 5000
  • Price Per Sq Ft: 445.40
  • Above Grade Finished Sq Ft: 5000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Extensive Hardscape, Outside Shower, Exterior Lighting
  • View: Bay, Panoramic, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Rehoboth Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 150

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Side Entry, Garage Door Opener, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: RS
  • Lot Features: Bulkheaded, Rip-Rapped
  • Lot Size Acres: 0.61
  • Lot Dimensions: 141.00 x 170.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 26571.60
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5205287
  • School Tax: 2305.00
  • Tax Annual Amount: 2545.00
  • Assessor Parcel Number: 334-22.00-37.00
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 2219
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/11/2022

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2017
Closed on
Sep 28, 2017
Sold by
Central Penn Capital Management Llc A Pe
Bought by
Kramarski Venise
Seller's Agent
VINCENT MAVIGLIA
Weichert Realtors Cornerstone
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$995,500
Sold Price
$965,000
Premium/Discount to List
-$30,500
-3.06%
Total Days on Market
0
Current Estimated Value
$1,515,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$550,755
Avg. Annual Appreciation
6.07%
Original Mortgage
$772,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2017
Sold by
Sheriff Of Sussex County
Bought by
Central Penn Capital Management Llc

Purchase Details

Closed on
Dec 6, 2010
Bought by
Hadley Stephen B and Hadley Donna L

Purchase Details

Closed on
Oct 21, 2010
Bought by
Hadley Stephen B and Hadley Donna L
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
Kramarski Venise $965,000 None Available
Central Penn Capital Management Llc $618,000 None Available
Hadley Stephen B $725,000 --
Hadley Stephen B $725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kramarski Venise $730,000
Closed Kramarski Venise $772,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2022 04/11/22 Sold $2,350,000 +5.5% $470 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $2,227,000 +130.8% $445 / Sq Ft
10/06/2017 10/06/17 Sold $965,000 -3.1% --
06/02/2017 06/02/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $995,500 +3.2% --
06/02/2017 06/02/17 Off Market $965,000 -- --
05/18/2017 05/18/17 For Sale $995,500 -- --
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
2024 $2,664 $54,050 $11,400 $42,650
2023 $2,662 $54,050 $11,400 $42,650
2022 $2,569 $54,050 $11,400 $42,650
2021 $2,545 $54,050 $11,400 $42,650
2020 $2,538 $54,050 $11,400 $42,650
2019 $2,541 $54,050 $11,400 $42,650
2018 $2,374 $54,050 $0 $0
2017 $2,273 $54,050 $0 $0
2016 $2,159 $54,050 $0 $0
2015 $2,063 $54,050 $0 $0
2014 $2,048 $54,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBBIE REED

    Seller's Agent in 2022

    DEBBIE REED

    RE/MAX

    (302) 227-3818

    302 in this area

    896 Total Sales

    DEBBIE REED
    Section Image
  • Zachary Foust

    Buyer's Agent in 2022

    Zachary Foust

    Myers Realty

    (302) 331-6200

    2 in this area

    244 Total Sales

    Zachary Foust
    Section Image
  • VINCENT MAVIGLIA

    Seller's Agent in 2017

    VINCENT MAVIGLIA

    Weichert Corporate

    (302) 604-2216

    36 Total Sales

    VINCENT MAVIGLIA
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2018066

Bright MLS

APN: 334-22.00-37.00

Delaware Sussex County Rehoboth Beach 19971

5 Marshall Rd, Rehoboth Beach, DE

This home is located at 5 Marshall Rd, Rehoboth Beach, DE 19971 since 16 March 2022 and is currently estimated at $1,515,755, approximately $303 per square foot. This property was built in 1971. 5 Marshall Rd is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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