NOT LISTED FOR SALE

509 Lee St Rehoboth Beach, DE 19971

Estimated Value: $299,115 - $2,465,000

0.19 Acre
$7,000,153 Price per Acre
8,466 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $630,000

Est. 111% increase in value since last sale

Current estimated payment $7,642/month

14 Days on Market

Highlights

  • Corner Lot
  • Rehoboth Elementary School Rated A
  • No HOA

About This Lot

As of December 2020

Rare opportunity to build a custom home on this oversized, vacant corner lot available in Rehoboth with potential for views of the canal. Great location for walking and biking to shops, restaurants, beach, state park, and everything Rehoboth has to offer. Survey attached in MLS documents.

Last Listed By

Elizabeth Barnhart

Monument Sotheby's International Realty License #RS-0022510 Listed on: 11/18/2020

Monument Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $720

Year Built

  • 2022

Lot Details

  • 8,466 Sq Ft Lot
  • Lot Dimensions are 80.00 x 159.00
  • Corner Lot
  • Property is zoned TN

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 334-19.08-89.01

Property Details

Property Type

Land

Est. Annual Taxes

$720

Year Built

2022

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to build a custom home on this oversized, vacant corner lot available in Rehoboth with potential for views of the canal. Great location for walking and biking to shops, restaurants, beach, state park, and everything Rehoboth has to offer. Survey attached in MLS documents.
  • Special Features: None
  • Year Built (Public Record): 2022

Interior Features

  • Price Per Sq Ft: 82.67
  • Street Number Modifier: 509

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 Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

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

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: RV
  • Lot Features: Corner
  • Lot Size Acres: 0.19
  • Lot Dimensions: 80.00 x 159.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8466.00
  • Year Assessed: 2020
  • Zoning: TN
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5805396
  • School Tax: 489.00
  • Tax Annual Amount: 720.00
  • Assessor Parcel Number: 334-19.08-89.01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/30/2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Dec 28, 2020
Sold by
Lee Street 507 Llc
Bought by
Falcone Frank and Rocanelli Linda
Seller's Agent
Elizabeth Barnhart
Monument Sotheby's International Realty
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$699,900
Sold Price
$630,000
Premium/Discount to List
-$69,900
-9.99%
Total Days on Market
14
Current Estimated Value
$1,330,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$700,029
Avg. Annual Appreciation
20.07%

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 Buyer Sale Price Title Company
Falcone Frank $630,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falcone Frank $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $630,000 -10.0% --
11/18/2020 11/18/20 For Sale $699,900 -- --
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 $2,787 $11,500 $11,500 $0
2023 $2,785 $11,500 $11,500 $0
2022 $547 $11,500 $11,500 $0
2021 $542 $11,500 $11,500 $0
2020 $540 $11,500 $11,500 $0
2019 $541 $11,500 $11,500 $0
2018 $505 $11,500 $0 $0
2017 $484 $11,500 $0 $0
2016 $459 $11,500 $0 $0
2015 $439 $11,500 $0 $0
2014 $436 $11,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Barnhart

    Seller's Agent in 2020

    Elizabeth Barnhart

    OCEAN ATLANTIC SOTHEBYS

    (302) 236-3696

    16 in this area

    50 Total Sales

    Elizabeth Barnhart
    Section Image
  • Carrie Lingo

    Buyer's Agent in 2020

    Carrie Lingo

    Jack Lingo - Lewes

    (302) 500-0825

    163 in this area

    952 Total Sales

    Carrie Lingo
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU173470

Bright MLS

APN: 334-19.08-89.01

Delaware Sussex County Rehoboth Beach 19971

509 Lee St, Rehoboth Beach, DE

Homes for Sale in Rehoboth Beach, DE

This home is located at 509 Lee St, Rehoboth Beach, DE 19971 since 18 November 2020 and is currently estimated at $1,330,029. This property was built in 2022. 509 Lee St 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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