$400,000
SOLD FEB 22, 2013

505 Jones Ln Rehoboth Beach, DE 19971

0 Acre
-- Price per Acre
5,584 Sq Ft Lot

Recently Sold

626 Days on Market

About This Lot

As of April 2014

*Sold as a part of a bulk sale of five lots to one purchaser with $51K profit sharing to seller equaling to a sale per lot of $451,000* Build your dream home in this newly created Community of Oak Grove at the Beach, within City Limits of Town just off 6th St.

Last Agent to Sell the Property

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 04/22/2011

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 04/22/2011

RE/MAX Realty Group Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,440

Lot Details

  • 5,584 Sq Ft Lot
  • Lot Dimensions are 53x121
  • Cleared Lot

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-292.00

Property Details

Property Type

Land

Est. Annual Taxes

$1,440

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • Historic: No
  • New Construction: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 80.57

Exterior Features

  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer, Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Lot Features: Cleared
  • Lot Size Area: 5584
  • Lot Dimensions: 53x121
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5584.00

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 334-13.20-292.00
  • Close Date: 02/22/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2013
Closed on
Jan 14, 2015
Bought by
Brady Kevin D and Brady Valerie J
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Joseph Maggio
Dave McCarthy & Associates, Inc.
List Price
$909,000
Sold Price
$1,037,213
Premium/Discount to List
$128,213
14.1%
Current Estimated Value
$1,672,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,900
Avg. Annual Appreciation
5.48%

Purchase Details

Listed on
Apr 22, 2011
Closed on
Feb 22, 2013
Sold by
Jml Beach Resort Properties Llc A Delawa
Bought by
The Evergreen Companies Llc A Virginia L
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.56%
Original Mortgage
$915,000
Interest Rate
3.45%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Interfamily Deed Transfer $1,037,212 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $915,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2014 04/30/14 Sold $938,985 +3.3% --
10/12/2013 10/12/13 Pending -- -- --
02/23/2013 02/23/13 For Sale $909,000 +127.3% --
02/22/2013 02/22/13 Sold $400,000 0.0% --
01/07/2013 01/07/13 Pending -- -- --
04/22/2011 04/22/11 For Sale $400,000 -- --
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 $1,440 $39,350 $7,800 $31,550
2023 $1,438 $39,350 $7,800 $31,550
2022 $1,370 $39,350 $7,800 $31,550
2021 $1,453 $39,350 $7,800 $31,550
2020 $1,447 $39,350 $7,800 $31,550
2019 $1,850 $39,350 $7,800 $31,550
2018 $1,728 $39,350 $0 $0
2017 $1,655 $39,350 $0 $0
2016 $1,572 $39,350 $0 $0
2015 $1,502 $39,350 $0 $0
2014 $296 $7,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000997958

Bright MLS

APN: 334-13.20-292.00