$1,800,000
SOLD APR 23, 2025

505 King Charles Ave Rehoboth Beach, DE 19971

4 Beds
1.5 Baths
1,100 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$1,636 Per Sq Ft

16% Below List Price

19 Days on Market

Highlights

  • Open Floorplan
  • Coastal Architecture
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Secluded Lot
  • 5-minute walk to Stockley Street Park

About This Home

As of April 2025

Terrific Opportunity. Rare to The Market in a Highly Desirable Location in the Heart of Downtown South Rehoboth One Block from the Beach. Classic 4 Bedroom, 1.5 Bath Charming Cottage in Excellent Condition on a 50X100 Ft. lot with a Quaint Open Floor Plan with Beautiful Wood Flooring, a Brick Fireplace and a Convenient Eat-in Kitchen that Leads to the Quiet & Relaxing Rear Three Season Back Porch with a Private Back Yard and an Additional One Bedroom Charming Cottage for Quests. No HOA fees, City of Rehoboth Sewer & Water and also Convenient Trash Pick-Ups along with a Private Driveway for Parking up to Three Cars and a Great Relaxing Front Porch all located One Block from the Beach and steps to Downtown Rehoboth Beach and all Activities. Being Sold As Is, Fully Furnished with a solid Rental History and the Home is Not in a Flood Zone. Also No Builder Tie-In if being considered. Great Location with a Great Price .

Last Agent to Sell the Property

David T. King

Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Shaun Tull

Jack Lingo - Rehoboth License #RS-0016284

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,466

Year Built

  • Built in 1940

Lot Details

  • 5,000 Sq Ft Lot
  • Downtown Location
  • East Facing Home
  • Secluded Lot
  • Cleared Lot
  • Back Yard
  • Property is in excellent condition

Home Design

  • Coastal Architecture
  • Cottage
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,100 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Non-Functioning Fireplace
  • Window Screens
  • Family Room Off Kitchen

Kitchen

  • Eat-In Country Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Sump Pump

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Private Parking
  • On-Street Parking

Outdoor Features

  • Outdoor Shower
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 38
  • Assessor Parcel Number 334-14.17-610.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,466

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Some personal items and art work.
  • Historic: No
  • Inclusions: All Furnishings
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: Terrific Opportunity. Rare to The Market in a Highly Desirable Location in the Heart of Downtown South Rehoboth One Block from the Beach. Classic 4 Bedroom, 1.5 Bath Charming Cottage in Excellent Condition on a 50X100 Ft. lot with a Quaint Open Floor Plan with Beautiful Wood Flooring, a Brick Fireplace and a Convenient Eat-in Kitchen that Leads to the Quiet & Relaxing Rear Three Season Back Porch with a Private Back Yard and an Additional One Bedroom Charming Cottage for Quests. No HOA fees, City of Rehoboth Sewer & Water and also Convenient Trash Pick-Ups along with a Private Driveway for Parking up to Three Cars and a Great Relaxing Front Porch all located One Block from the Beach and steps to Downtown Rehoboth Beach and all Activities. Being Sold As Is, Fully Furnished with a solid Rental History and the Home is Not in a Flood Zone. Also No Builder Tie-In if being considered. Great Location with a Great Price .
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Water Heater, Dryer, Washer
  • Flooring Type: Hardwood, Vinyl
  • Interior Amenities: Bathroom - Tub Shower, Ceiling Fan(s), Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Country, Kitchen - Eat-In, Wood Floors
  • Window Features: Screens
  • Fireplace Features: Non-Functioning
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Outside Entrance, Partial, Sump Pump, Unfinished
  • Laundry Type: Main Floor
  • Total Sq Ft: 1100
  • Living Area Sq Ft: 1100
  • Price Per Sq Ft: 1954.55
  • Above Grade Finished Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Stick Built
  • Exterior Features: Outside Shower, Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Roof: Asphalt
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway, Private
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Fixed Wireless

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
  • Additional Parcels: No
  • Lot Features: Cleared, Rear Yard, Secluded
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Total Actual Rent: 30000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 1466.49
  • Assessor Parcel Number: 334-14.17-610.00
  • Tax Lot: 38
  • Tax Year: 2024
  • Close Date: 04/23/2025

MLS Schools

  • School District Name: CAPE HENLOPEN

Map

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
04/23/2025 04/23/25 Sold $1,800,000 -16.3% $1,636 / Sq Ft
02/06/2025 02/06/25 For Sale $2,150,000 -- $1,955 / Sq Ft
Source: Bright MLS

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 $715 $14,500 $9,350 $5,150
2023 $714 $14,500 $9,350 $5,150
2022 $689 $14,500 $9,350 $5,150
2021 $683 $14,500 $9,350 $5,150
2020 $681 $14,500 $9,350 $5,150
2019 $682 $14,500 $9,350 $5,150
2018 $637 $14,500 $0 $0
2017 $610 $14,500 $0 $0
2016 $579 $14,500 $0 $0
2015 $553 $14,500 $0 $0
2014 $549 $14,500 $0 $0
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed -- None Available
Deed -- None Available
Deed -- --
Deed -- --
Source: Public Records

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Source: Bright MLS

MLS Number: DESU2078306

Bright MLS

APN: 334-14.17-610.00