NOT LISTED FOR SALE

500 3rd St Rehoboth Beach, DE 19971

Estimated Value: $303,070 - $680,000

2 Beds
1 Bath
1,500 Sq Ft
$287/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $135,000 $90 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $2,376/month

Highlights

  • Wood Burning Stove
  • 1 Fireplace
  • 2 Car Detached Garage
  • Rehoboth Elementary School Rated A
  • No HOA
  • Parking Storage or Cabinetry

About This Home

As of January 2020

Being sold for land value! Home is in need of major renovation and does not qualify for financing, cash only. Possible potential to sud-divide into 2 lots.

Last Agent to Sell the Property

Allen Jarmon

(302) 745-5122 ajarmon113@gmail.com NextHome Tomorrow Realty License #RA-0002913 Listed on: 09/12/2019

NextHome Tomorrow Realty

Last Buyer's Agent

ADAM KSEBE

(302) 864-8643 adam.ksebe@longandfoster.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $790

Year Built

  • Built in 1969

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Class C Property
  • Frame Construction
  • Architectural Shingle Roof
  • Plywood Siding Panel T1-11
  • Modular or Manufactured Materials

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Wood Burning Stove

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Electric Baseboard Heater
  • Well

Listing and Financial Details

  • Assessor Parcel Number 334-13.00-67.00

Community Details

Overview

  • No Home Owners Association
  • Tru Vale Acres Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$790

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Manufactured
  • Architectural Style: Class C
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1969
  • Remarks Public: Being sold for land value! Home is in need of major renovation and does not qualify for financing, cash only. Possible potential to sud-divide into 2 lots.
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 116.67
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Modular/Manufactured, T-1-11
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Wood Burn Stove
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

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: RT
  • Lot Size Acres: 0.22
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.00
  • Year Assessed: 2019
  • Zoning: 1162
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5193695
  • School Tax: 715.00
  • Tax Annual Amount: 790.00
  • Assessor Parcel Number: 334-13.00-67.00
  • Tax Total Finished Sq Ft: 756
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 01/24/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2022
Sold by
Patel Tarpan and Patel Anjelie
Bought by
A & T Builders Of Delaware Inc
Current Estimated Value
$429,768

Purchase Details

Closed on
Nov 17, 2020
Sold by
Shugarts Richard
Bought by
Patel Tarpan and Patel Anjelie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 12, 2019
Closed on
Jan 21, 2020
Sold by
Lofland Gary G and Lofland Patricia F
Bought by
Shugarts Richard
Seller's Agent
Allen Jarmon
NextHome Tomorrow Realty
Buyer's Agent
ADAM KSEBE
Long & Foster Real Estate, Inc.
List Price
$175,000
Sold Price
$135,000
Premium/Discount to List
-$40,000
-22.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.61%
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
A & T Builders Of Delaware Inc -- --
Patel Tarpan $245,000 None Available
Shugarts Richard $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Tarpan $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2020 01/24/20 Sold $135,000 -22.9% $90 / Sq Ft
12/01/2019 12/01/19 Pending -- -- --
10/26/2019 10/26/19 For Sale $175,000 0.0% $117 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $175,000 -- $117 / 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 $1,062 $16,800 $3,000 $13,800
2024 $996 $16,800 $3,000 $13,800
2023 $74 $16,800 $3,000 $13,800
2022 $71 $16,800 $3,000 $13,800
2021 $721 $16,800 $3,000 $13,800
2020 $718 $16,800 $3,000 $13,800
2019 $790 $16,800 $3,000 $13,800
2018 $738 $16,800 $0 $0
2017 $707 $16,800 $0 $0
2016 $671 $16,800 $0 $0
2015 $641 $16,800 $0 $0
2014 $637 $16,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allen Jarmon

    Seller's Agent in 2020

    Allen Jarmon

    NextHome Tomorrow Realty

    (302) 745-5122

    34 in this area

    75 Total Sales

    Allen Jarmon
    Section Image
  • ADAM KSEBE

    Buyer's Agent in 2020

    ADAM KSEBE

    Long & Foster

    (302) 864-8643

    7 in this area

    67 Total Sales

    ADAM KSEBE
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU147994

Bright MLS

APN: 334-13.00-67.00

Delaware Sussex County Rehoboth Beach 19971

500 3rd St, Rehoboth Beach, DE

This home is located at 500 3rd St, Rehoboth Beach, DE 19971 since 12 September 2019 and is currently estimated at $429,768, approximately $286 per square foot. This property was built in 1969. 500 3rd 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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