505 King Charles Ave Rehoboth Beach, DE 19971
4
Beds
1.5
Baths
1,100
Sq Ft
5,000
Sq Ft Lot
Highlights
- Hot Property
- Open Floorplan
- Secluded Lot
- Rehoboth Elementary School Rated A
- Coastal Architecture
- 5-minute walk to Stockley Street Park
About This Home
As of April 2025Terrific 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
Berkshire Hathaway HomeServices PenFed Realty Listed on: 02/06/2025
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2025
Closed on
Apr 23, 2025
Sold by
J & C Beach Property Llc
Bought by
Garrison Homes Llc
Seller's Agent
David T. King
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Shaun Tull
Jack Lingo - Rehoboth
List Price
$2,150,000
Sold Price
$1,800,000
Premium/Discount to List
-$350,000
-16.28%
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.54%
Purchase Details
Closed on
May 10, 2017
Sold by
Nilan James A
Bought by
J And C Beach Property Llc
Purchase Details
Closed on
Aug 18, 2011
Bought by
Nilan James A and Nilan Evelyn Mackie
Purchase Details
Closed on
Aug 17, 2011
Bought by
Nilan James A and Nilan Evelyn Mackie
Similar Homes in Rehoboth Beach, DE
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,800,000 | None Listed On Document | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,350,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | For Sale | $4,195,000 | +133.1% | $1,678 / Sq Ft |
| 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 Compared to Growth
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
Agents Affiliated with this Home
-
S
Seller's Agent in 2025
Shaun Tull
Jack Lingo - Rehoboth
-
D
Seller's Agent in 2025
David T. King
BHHS PenFed (actual)
-
B
Seller Co-Listing Agent in 2025
Bryce Lingo
Jack Lingo - Rehoboth
Map
Source: Bright MLS
MLS Number: DESU2078306
APN: 334-14.17-610.00
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