NOT LISTED FOR SALE

51 Ocean Dr Rehoboth Beach, DE 19971

Estimated Value: $1,083,000 - $2,992,000

0.36 Acre
$5,920,369 Price per Acre
15,682 Sq Ft Lot

Last Sold June 19, 2020

Last sale price $1,600,000

Est. 33% increase in value since last sale

Current estimated payment $11,775/month

465 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • Side Yard
  • Rehoboth Elementary School Rated A
  • Corner Lot

About This Lot

As of June 2020

Rarely Available Ocean Block Corner Lot in North Shores! Wake up to glorious sunrises from this Southern Exposure lot. Build your dream home on one of the few remaining lots in this special community! Leave your car parked and walk everywhere! Short stroll to the beach from this oversized 106 X 150 lot, located ocean block, that will offer potential ocean views! Hear the ocean sounds as you ride your bike to downtown Rehoboth, boardwalk and Gordons Pond State Park. Community pool, marina, private beach, tennis, and security! Concierge beach services available: reserve your beach umbrella, chairs and more. The best part is having access to the Atlantic Ocean and Lewes-Rehoboth Canal, all in this fabulous neighborhood.

Last Agent to Sell the Property

Tracy Kelley

(302) 227-3883 tracy@jacklingo.com Jack Lingo - Rehoboth License #RA-0031023 Listed on: 01/26/2019

Jack Lingo - Rehoboth

Last Buyer's Agent

Tracy Kelley

(302) 227-3883 tracy@jacklingo.com Jack Lingo - Rehoboth License #RA-0031023 Listed on: 01/26/2019

Jack Lingo - Rehoboth

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $823

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 106x150
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Side Yard
  • No Building Permits

HOA Fees

  • $188 Monthly HOA Fees

Utilities

  • Water Service Lateral Not Installed
  • Water Tap or Transfer Fee
  • Public Hookup Available For Sewer
  • Lateral or Tap Off Main

Additional Features

  • Ocean Views
  • Flood Risk

Listing and Financial Details

  • Tax Lot 124
  • Assessor Parcel Number 334-08.17-31.00

Community Details

Overview

  • North Shores Subdivision

Recreation

  • Water Oriented
  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$823

Lot Details

0

HOA Fees

$188 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only, Residential, Vacant
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: Rarely Available Ocean Block Corner Lot in North Shores! Wake up to glorious sunrises from this Southern Exposure lot. Build your dream home on one of the few remaining lots in this special community! Leave your car parked and walk everywhere! Short stroll to the beach from this oversized 106 X 150 lot, located ocean block, that will offer potential ocean views! Hear the ocean sounds as you ride your bike to downtown Rehoboth, boardwalk and Gordons Pond State Park. Community pool, marina, private beach, tennis, and security! Concierge beach services available: reserve your beach umbrella, chairs and more. The best part is having access to the Atlantic Ocean and Lewes-Rehoboth Canal, all in this fabulous neighborhood.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 115.90
  • Street Number Modifier: 51

Exterior Features

  • Construction Completed: No
  • View: Ocean
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap Off Main, Public Hook/Up Avail, Public Sewer
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public Hook-Up Available, Tap Fee

Condo/Co-op/Association

  • HOA Fees: 2250.00
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared, Corner, Level, Road Frontage, Sideyard(s)
  • Lot Size Acres: 0.36
  • Lot Dimensions: 106x150
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15747.00
  • Year Assessed: 2019
  • Zoning: A
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 745.00
  • Tax Annual Amount: 823.00
  • Assessor Parcel Number: 334-08.17-31.00
  • Tax Lot: 124
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 06/19/2020

Multi Family

  • Federal Flood Zone: ae

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2019
Closed on
Jun 18, 2020
Sold by
Janann Llc
Bought by
Nitsche Gary S
Seller's Agent
Tracy Kelley
Jack Lingo - Rehoboth
Buyer's Agent
Tracy Kelley
Jack Lingo - Rehoboth
List Price
$1,995,000
Sold Price
$1,600,000
Premium/Discount to List
-$395,000
-19.8%
Current Estimated Value
$2,131,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$531,333
Avg. Annual Appreciation
5.57%
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
Nitsche Gary S $1,600,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2020 06/19/20 Sold $1,600,000 -12.3% --
05/05/2020 05/05/20 Pending -- -- --
04/06/2020 04/06/20 Price Changed $1,825,000 -3.7% --
11/11/2019 11/11/19 Price Changed $1,895,000 -5.0% --
01/26/2019 01/26/19 For Sale $1,995,000 -- --
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 $3,448 $17,500 $17,500 $0
2024 $863 $17,500 $17,500 $0
2023 $862 $17,500 $17,500 $0
2022 $832 $17,500 $17,500 $0
2021 $824 $17,500 $17,500 $0
2020 $821 $17,500 $17,500 $0
2019 $823 $17,500 $17,500 $0
2018 $769 $17,500 $0 $0
2017 $736 $17,500 $0 $0
2016 $699 $17,500 $0 $0
2015 $668 $17,500 $0 $0
2014 $663 $17,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy Kelley

    Seller's Agent in 2020

    Tracy Kelley

    Jack Lingo - Rehoboth

    (302) 227-3883

    22 in this area

    35 Total Sales

    Tracy Kelley
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Map

Source: Bright MLS

MLS Number: DESU130036

Bright MLS

APN: 334-08.17-31.00

Delaware Sussex County Rehoboth Beach 19971

51 Ocean Dr, Rehoboth Beach, DE

This home is located at 51 Ocean Dr, Rehoboth Beach, DE 19971 since 26 January 2019 and is currently estimated at $2,131,333. 51 Ocean Dr 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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