Seller's Agent in 2020
Carla Campbell
OCEAN ATLANTIC SOTHEBYS
(302) 542-5534
21 in this area
56 Total Sales
508 Lee St Rehoboth Beach, DE 19971
Estimated Value: $1,933,000 - $2,334,000
5
Beds
3
Baths
2,717
Sq Ft
$796/Sq Ft
Est. Value
Highlights
- Eat-In Gourmet Kitchen
- Commercial Range
- Deck
- Rehoboth Elementary School Rated A
- Open Floorplan
- 5-minute walk to Rehoboth Canal Walk
About This Home
As of September 2020Situated on a rare double lot located just four blocks to the ocean, this coastal modern farmhouse is an architectural gem. Completely renovated in 2018, this home now boasts an open floorplan with sun-filled rooms, gleaming hardwood floors, shiplap walls and luxury finishes throughout. The gourmet kitchen features an oversized granite-topped island surrounded by custom cabinetry, professional range, double wall ovens and quartz countertops. The open great room has two seating areas with a wood-burning fireplace and custom built-in shelving. A large dining room adjoins double doors leading out to the expansive outdoor paver patio with fenced yard, built-in grill, seating, with room to add a pool if desired. Custom tilework and vanities are found in each bath, while the five bedrooms offer room for family and friends to visit. A full basement, attached garage, and outdoor shower add to the list of amenities found at this charming beach house. This in-town location offers just a short walk across Silver Lake at Turtle Bridge into the heart of South Rehoboth.
Last Agent to Sell the Property
(302) 227-6767 justin.healy@msir.net Monument Sotheby's International Realty License #RA-0003577 Listed on: 11/02/2019
Last Buyer's Agent
(302) 645-6661 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,857
Year Built
- Built in 1973 | Remodeled in 2018
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 100.00 x 100.00
- Vinyl Fence
- Landscaped
- Extensive Hardscape
- Level Lot
- Cleared Lot
- Back Yard Fenced and Side Yard
- Property is in very good condition
- Property is zoned TN
Parking
- 1 Car Direct Access Garage
- Front Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Contemporary Architecture
- Frame Construction
- Architectural Shingle Roof
- Shingle Siding
- HardiePlank Type
- Stick Built Home
Interior Spaces
- 2,717 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Partially Furnished
- Built-In Features
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Living Room
- Dining Room
- Den
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Commercial Range
- Six Burner Stove
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- En-Suite Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Electric Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Basement with some natural light
Outdoor Features
- Outdoor Shower
- Deck
- Patio
- Exterior Lighting
- Shed
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Public Septic
Community Details
- No Home Owners Association
- Schoolvue Subdivision
Listing and Financial Details
- Assessor Parcel Number 334-19.08-96.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 2, 2019
Closed on
Sep 23, 2020
Sold by
Richardson Renee H
Bought by
Vitale Allison K and Vitale Theodore M
Seller's Agent
Carla Campbell
Monument Sotheby's International Realty
Buyer's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,485,000
Sold Price
$1,255,000
Premium/Discount to List
-$230,000
-15.49%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$908,449
Avg. Annual Appreciation
10.61%
Original Mortgage
$1,226,362
Outstanding Balance
$1,088,315
Interest Rate
2.9%
Estimated Equity
$1,075,134
Purchase Details
Closed on
May 16, 2011
Bought by
Richardson Renee H
Purchase Details
Closed on
May 6, 2011
Bought by
Richardson Renee H
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vitale Allison K | $1,255,000 | None Available | |
| Richardson Renee H | $439,000 | -- | |
| Richardson Renee H | $439,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vitale Allison K | $1,226,362 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2020 09/23/20 | Sold | $1,255,000 | +0.5% | $462 / Sq Ft |
| 08/06/2020 08/06/20 | Price Changed | $1,249,000 | -3.9% | $460 / Sq Ft |
| 02/29/2020 02/29/20 | Price Changed | $1,299,999 | -3.7% | $478 / Sq Ft |
| 01/10/2020 01/10/20 | Price Changed | $1,350,000 | -3.5% | $497 / Sq Ft |
| 12/21/2019 12/21/19 | Price Changed | $1,399,000 | -5.8% | $515 / Sq Ft |
| 11/02/2019 11/02/19 | For Sale | $1,485,000 | -- | $547 / 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 |
|---|---|---|---|---|
| 2025 | $3,630 | $32,250 | $12,500 | $19,750 |
| 2024 | $1,590 | $32,250 | $12,500 | $19,750 |
| 2023 | $1,588 | $32,250 | $12,500 | $19,750 |
| 2022 | $1,533 | $32,250 | $12,500 | $19,750 |
| 2021 | $1,519 | $32,250 | $12,500 | $19,750 |
| 2020 | $1,514 | $32,250 | $12,500 | $19,750 |
| 2019 | $1,516 | $32,250 | $12,500 | $19,750 |
| 2018 | $1,416 | $32,250 | $0 | $0 |
| 2017 | $1,356 | $32,250 | $0 | $0 |
| 2016 | $1,288 | $32,250 | $0 | $0 |
| 2015 | $1,231 | $32,250 | $0 | $0 |
| 2014 | $1,222 | $32,250 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Carla Campbell
-
Lee Ann Wilkinson
Buyer's Agent in 2020
Lee Ann Wilkinson
BHHS PenFed (actual)
(302) 205-0392
219 in this area
1,805 Total Sales
Map
Source: Bright MLS
MLS Number: DESU151028
APN: 334-19.08-96.00
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