NOT LISTED FOR SALE

502 Scarborough Ave Rehoboth Beach, DE 19971

Estimated Value: $1,422,218 - $2,207,000

4 Beds
2 Baths
1,900 Sq Ft
$1,037/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $1,260,000 $663 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $10,550/month

71 Days on Market

Highlights

  • View of Trees or Woods
  • Craftsman Architecture
  • Wooded Lot
  • Rehoboth Elementary School Rated A
  • Deck
  • 2-minute walk to Stockley St Playground

About This Home

As of August 2020

Classic South Rehoboth cottage located only 3 short blocks to the beach and 4 blocks to the award-winning restaurants, shops, and entertainment. This turn-key 4 bed/2 bath year-round home with central air/heat is freshly painted in coastal colors with newly refinished hardwoods and encapsulated crawl space. Features include a front screened porch, two living rooms, one with a wood-burning fireplace, a bright, updated kitchen with cathedral ceiling, skylight, and pass-through to the dining room, and additional al fresco dining on the wrap-around decks. First-floor en-suite bedroom plus 3 bedrooms, bath, and laundry on the second level. The private fenced yard is surrounded by mature trees and has an outdoor shower and storage shed for your bikes and beach chairs. Plans available upon request for a new build 5 bedroom option on this full-sized, in-town home site. Proformas available upon request for summer weekly rentals projecting $69,000 gross income for current home and $143,000 gross income for new construction with pool. Don't let this one get away! Tour this charming cottage today and start enjoying your beach house this summer.

Last Agent to Sell the Property

Jennifer Lamson

Monument Sotheby's International Realty License #RS-0021142 Listed on: 04/22/2020

Monument Sotheby's International Realty

Last Buyer's Agent

Kim Hamer

Monument Sotheby's International Realty License #RS-0013968

Monument Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,023

Year Built

  • Built in 1932 | Remodeled in 1998

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Downtown Location
  • West Facing Home
  • Picket Fence
  • Privacy Fence
  • Wood Fence
  • Landscaped
  • Level Lot
  • Wooded Lot
  • Back Yard Fenced, Front and Side Yard
  • Property is in very good condition
  • Property is zoned TN 1270

Property Views

  • Woods
  • Garden

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Plaster Walls
  • Blown-In Insulation
  • Shingle Roof
  • Wood Siding
  • Stick Built Home
  • Copper Plumbing

Interior Spaces

  • 1,900 Sq Ft Home
  • Property has 2 Levels
  • Cathedral Ceiling
  • Whole House Fan
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Fireplace Mantel
  • Brick Fireplace
  • Double Hung Windows
  • Window Screens
  • French Doors
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room
  • Screened Porch
  • Crawl Space
  • Storm Windows

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Front Loading Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Public Parking
  • Private Parking
  • On-Street Parking
  • Off-Street Parking

Accessible Home Design

  • Doors swing in
  • Doors with lever handles
  • More Than Two Accessible Exits
  • Level Entry For Accessibility

Outdoor Features

  • Outdoor Shower
  • Deck
  • Screened Patio
  • Shed

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • 150 Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.05-190.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,023

Year Built

Built in 1932 | Remodeled in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman, Coastal
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Doors - Lever Handle(s), Doors - Swing In, Level Entry - Main, 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1932
  • Year Renovated: 1998
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: Classic South Rehoboth cottage located only 3 short blocks to the beach and 4 blocks to the award-winning restaurants, shops, and entertainment. This turn-key 4 bed/2 bath year-round home with central air/heat is freshly painted in coastal colors with newly refinished hardwoods and encapsulated crawl space. Features include a front screened porch, two living rooms, one with a wood-burning fireplace, a bright, updated kitchen with cathedral ceiling, skylight, and pass-through to the dining room, and additional al fresco dining on the wrap-around decks. First-floor en-suite bedroom plus 3 bedrooms, bath, and laundry on the second level. The private fenced yard is surrounded by mature trees and has an outdoor shower and storage shed for your bikes and beach chairs. Plans available upon request for a new build 5 bedroom option on this full-sized, in-town home site. Proformas available upon request for summer weekly rentals projecting $69,000 gross income for current home and $143,000 gross income for new construction with pool. Don't let this one get away! Tour this charming cottage today and start enjoying your beach house this summer.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Front Loading, Exhaust Fan, Oven - Self Cleaning, Refrigerator, Washer, Water Heater, Icemaker, Oven/Range - Electric, Freezer
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fan(s), Skylight(s), Recessed Lighting, Soaking Tub, Stall Shower, Tub Shower, Window Treatments, Wood Floors, Entry Level Bedroom
  • Window Features: Double Hung, Screens, Storm, Skylights
  • Fireplace Features: Equipment, Brick, Mantel(s), Screen, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass, French
  • Wall Ceiling Types: Cathedral Ceilings, Dry Wall, Plaster Walls
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room Count: 10
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Laundry, Screened Porch
  • Basement: No
  • Laundry Type: Upper Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1900
  • Living Area Sq Ft: 1900
  • Price Per Sq Ft: 683.68
  • Above Grade Finished Sq Ft: 1900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 502

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Blown-In Insulation, Copper Plumbing, Stick Built, Wood Siding
  • Exterior Features: Outside Shower
  • Road Surface Type: Black Top
  • Roof: Shingle
  • Spa: No
  • View: Garden/Lawn, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Private, Public
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Heat Pump(s), Whole House Fan
  • Electric Service: 150 Amps
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Sewer Available, Water Available, Phone
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Additional Parcels: No
  • Fencing: Fully, Picket, Rear, Privacy, Wood
  • Improvement Assessed Value: 13000.00
  • Land Assessed Value: 8750.00
  • Land Use Code: RS
  • Lot Features: Landscaping, Front Yard, Level, Rear Yard, Sideyard(s), Trees/Wooded
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5001.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened, Wrap Around
  • Property Condition: Very Good, Good
  • Year Assessed: 2019
  • Zoning: TN 1270
  • Zoning Description: Residential
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202434
  • School Tax: 926.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1023.00
  • Assessor Parcel Number: 334-20.05-190.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 08/21/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2022
Sold by
Anderson Paul L
Bought by
Anderson-Fix Family Trust
Total Days on Market
71
Current Estimated Value
$1,970,305

Purchase Details

Listed on
Apr 22, 2020
Closed on
Aug 21, 2020
Sold by
Sweeney Diane C
Bought by
Anderson Paul L and Fix Janet L
Seller's Agent
Jennifer Lamson
Monument Sotheby's International Realty
Buyer's Agent
Kim Hamer
Monument Sotheby's International Realty
List Price
$1,299,000
Sold Price
$1,260,000
Premium/Discount to List
-$39,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$1,008,000
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 29, 1995
Bought by
Sweeney Diane C
Source: Public Records

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Range of Values:

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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
Anderson-Fix Family Trust -- Parsons & Robinson Pa
Anderson Paul L $1,260,000 None Available
Sweeney Diane C $187,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson-Fix Family Trust $400,000
Previous Owner Anderson Paul L $1,008,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $1,260,000 -3.0% $663 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $1,299,000 -- $684 / 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
2024 $1,119 $21,750 $8,750 $13,000
2023 $1,118 $21,750 $8,750 $13,000
2022 $1,072 $21,750 $8,750 $13,000
2021 $1,024 $21,750 $8,750 $13,000
2020 $1,021 $21,750 $8,750 $13,000
2019 $1,023 $21,750 $8,750 $13,000
2018 $955 $21,750 $0 $0
2017 $915 $21,750 $0 $0
2016 $869 $21,750 $0 $0
2015 $830 $21,750 $0 $0
2014 $824 $21,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU157802

Bright MLS

APN: 334-20.05-190.00