NOT LISTED FOR SALE

5 New Castle St Rehoboth Beach, DE 19971

6 Beds
4.5 Baths
3,000 Sq Ft
5,000 Sq Ft Lot

Last Sold July 30, 2021

Last sale price $3,500,000 $1,167 Per Sq Ft

17 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Building is oceanfront but unit may not have water views
  • Deck

About This Home

As of July 2021

Welcome to 5 New Castle Street! This ocean block home with garage apartment in South Rehoboth is just steps to the beach, boardwalk and Rehoboth Avenue and includes a total of 6 bedrooms, 4.5 bathrooms. Numerous features could not be duplicated under today's building code. The first floor of the main house includes a large front porch, eat-in kitchen with granite counters and stainless steel appliances, spacious living room, den, and first floor master bedroom with adjacent full bath. Step upstairs to find a master suite with private deck that overlooks the ocean, plus two additional guest bedrooms and full bath. In the rear of the property sits a 2-car garage with a 2 bedroom, 1 bath apartment on the second floor and includes a living room, kitchen, and hardwood floors. Exterior features include an outdoor shower and three off-street parking spaces. This home offers excellent rental history and produces over $100,000 of income each summer. Unique opportunity to rent one unit and enjoy the other for yourself. Don’t miss this opportunity to own an investment property or summer beach retreat!

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 05/29/2021

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Elizabeth Dorman

(302) 381-2777 beth@bethdorman.com Coldwell Banker Premier - Rehoboth

Coldwell Banker Premier - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,885

Year Built

  • Built in 2001

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Building is oceanfront but unit may not have water views
  • Partially Fenced Property
  • Property is zoned TN

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Coastal Architecture
  • Architectural Shingle Roof
  • Shake Siding
  • Cedar

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Window Screens
  • Ocean Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Balcony
  • Deck
  • Patio
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.18-127.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,885

Year Built

Built in 2001

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Inclusions: All appliances, fixtures and furnishings
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 5 New Castle Street! This ocean block home with garage apartment in South Rehoboth is just steps to the beach, boardwalk and Rehoboth Avenue and includes a total of 6 bedrooms, 4.5 bathrooms. Numerous features could not be duplicated under today's building code. The first floor of the main house includes a large front porch, eat-in kitchen with granite counters and stainless steel appliances, spacious living room, den, and first floor master bedroom with adjacent full bath. Step upstairs to find a master suite with private deck that overlooks the ocean, plus two additional guest bedrooms and full bath. In the rear of the property sits a 2-car garage with a 2 bedroom, 1 bath apartment on the second floor and includes a living room, kitchen, and hardwood floors. Exterior features include an outdoor shower and three off-street parking spaces. This home offers excellent rental history and produces over $100,000 of income each summer. Unique opportunity to rent one unit and enjoy the other for yourself. Don’t miss this opportunity to own an investment property or summer beach retreat!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Icemaker, Built-In Microwave, Oven/Range - Electric, Washer, Dryer, Disposal, Dishwasher, Exhaust Fan, Water Heater
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 1250.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar, Shake Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Ocean
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street, Detached Garage, Driveway
  • Off Street Parking Spaces: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Propane - Leased, Electric
  • Heating Type: Heat Pump(s), Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Horses: No
  • Fencing: Partially
  • Land Use Code: RS
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Porch(es), Patio(s), Deck(s), Balcony
  • Year Assessed: 2020
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 110000.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 2885.00
  • Assessor Parcel Number: 334-14.18-127.00
  • Tax Total Finished Sq Ft: 1184
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/30/2021

Multi Family

  • Federal Flood Zone: X

MLS Schools

  • School District Name: CAPE HENLOPEN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $3,500,000 -6.7% $1,167 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $3,750,000 -- $1,250 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2021

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    184 in this area

    345 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull

    Seller Co-Listing Agent in 2021

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    175 in this area

    274 Total Sales

    Shaun Tull
    Section Image
  • Elizabeth Dorman

    Buyer's Agent in 2021

    Elizabeth Dorman

    Coldwell Banker Premier - Rehoboth

    (302) 381-2777

    26 in this area

    193 Total Sales

    Elizabeth Dorman
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU183862

Bright MLS
Delaware Sussex County Rehoboth Beach 19971

5 New Castle St, Rehoboth Beach, DE

This home is located at 5 New Castle St, Rehoboth Beach, DE 19971 since 29 May 2021. This property was built in 2001. 5 New Castle St 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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