NOT LISTED FOR SALE

506 Jones Ln Unit 14 Rehoboth Beach, DE 19971

Estimated Value: $407,950 - $2,785,000

0.17 Acre
$10,269,047 Price per Acre
7,381 Sq Ft Lot

Last Sold November 23, 2016

Last sale price $620,000

Est. 182% increase in value since last sale

Current estimated payment $9,573/month

Highlights

  • Cul-De-Sac
  • Rehoboth Elementary School Rated A
  • 1-minute walk to Rehoboth Canal Walk

About This Lot

As of November 2016

Rare opportunity to build new on this oversized, 7,381 square foot lot in the City of Rehoboth! This Oak Grove lot offers a private, park-like setting at the end of cul-de-sac. Walk to everything Rehoboth has to offer. This lot is large enough for a 3,714 square foot home or 3,095 square foot home with a pool. Select your own builder as there is no builder tie-in and no demolition required for an existing structure. Must see private location to appreciate value. Priced to sell!

Last Agent to Sell the Property

Elizabeth Barnhart

(302) 236-3696 liz.barnhart@oasir.net Monument Sotheby's International Realty License #RS-0022510 Listed on: 09/11/2016

Monument Sotheby's International Realty

Last Buyer's Agent

Andy Meddick

(302) 381-6182 andymeddick@kw.com Keller Williams Realty

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $503

Lot Details

  • 7,381 Sq Ft Lot
  • Lot Dimensions are 52x113x116x83
  • Cul-De-Sac
  • Zoning described as GENERAL RESIDENTIAL

HOA Fees

  • $33 Monthly HOA Fees

Utilities

  • Public Hookup Available For Sewer

Community Details

  • Oak Grove At The Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-294.00

Property Details

Property Type

Land

Est. Annual Taxes

$503

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Remarks Public: Rare opportunity to build new on this oversized, 7,381 square foot lot in the City of Rehoboth! This Oak Grove lot offers a private, park-like setting at the end of cul-de-sac. Walk to everything Rehoboth has to offer. This lot is large enough for a 3,714 square foot home or 3,095 square foot home with a pool. Select your own builder as there is no builder tie-in and no demolition required for an existing structure. Must see private location to appreciate value. Priced to sell!
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 87.93
  • Street Number Modifier: 506

Exterior Features

  • Construction Completed: No
  • 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, Public Hook-Up Available

Condo/Co-op/Association

  • HOA Fees: 400.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.17
  • Lot Size Area: 7381
  • Lot Dimensions: 52x113x116x83
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7381.00
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 503.00
  • Assessor Parcel Number: 334-13.20-294.00
  • County Tax Payment Frequency: Annually
  • Close Date: 11/23/2016

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2016
Closed on
Nov 29, 2016
Sold by
Jml Beach Resort Properties Llc
Bought by
Sellman Eileen M and Sellman Jeffrey H
Seller's Agent
Elizabeth Barnhart
Monument Sotheby's International Realty
Buyer's Agent
Andy Meddick
Keller Williams Realty
List Price
$649,000
Sold Price
$620,000
Premium/Discount to List
-$29,000
-4.47%
Current Estimated Value
$1,745,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,125,738
Avg. Annual Appreciation
9.19%

Purchase Details

Listed on
Sep 11, 2016
Closed on
Nov 23, 2016
Sold by
Jml Beach Resort Properties Llc
Bought by
Sellman Eileen M and Sellman Jeffrey H
Seller's Agent
Elizabeth Barnhart
Monument Sotheby's International Realty
Buyer's Agent
Andy Meddick
Keller Williams Realty
List Price
$649,000
Sold Price
$620,000
Premium/Discount to List
-$29,000
-4.47%

Purchase Details

Closed on
Apr 15, 2011
Bought by
Jml Beach Resort Properties Llc

Purchase Details

Closed on
Apr 8, 2011
Bought by
Jml Beach Resort Properties Llc
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
Sellman Eileen M $620,000 None Available
Sellman Eileen M $620,000 None Available
Jml Beach Resort Properties Llc -- --
Jml Beach Resort Properties Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2016 11/23/16 Sold $620,000 -4.5% --
10/20/2016 10/20/16 Pending -- -- --
09/11/2016 09/11/16 For Sale $649,000 -- --
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
2025 $3,409 $7,350 $7,350 $0
2024 $2,196 $7,350 $7,350 $0
2023 $2,194 $7,350 $7,350 $0
2022 $2,117 $7,350 $7,350 $0
2021 $2,098 $7,350 $7,350 $0
2020 $2,092 $7,350 $7,350 $0
2019 $2,095 $7,350 $7,350 $0
2018 $323 $7,350 $0 $0
2017 $309 $7,350 $0 $0
2016 $294 $7,350 $0 $0
2015 $281 $7,350 $0 $0
2014 $278 $7,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Barnhart

    Seller's Agent in 2016

    Elizabeth Barnhart

    OCEAN ATLANTIC SOTHEBYS

    (302) 236-3696

    18 in this area

    52 Total Sales

    Elizabeth Barnhart
    Section Image

  • A

    Buyer's Agent in 2016

    Andy Meddick

    Keller Williams Realty

    (302) 381-6182

    5 in this area

    5 Total Sales

    Andy Meddick
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001021602

Bright MLS

APN: 334-13.20-294.00

Delaware Sussex County Rehoboth Beach 19971

506 Jones Ln Unit 14, Rehoboth Beach, DE

This home is located at 506 Jones Ln Unit 14, Rehoboth Beach, DE 19971 since 11 September 2016 and is currently estimated at $1,745,738. 506 Jones Ln Unit 14 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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