NOT LISTED FOR SALE

510 Rehoboth Ave Unit 510B Rehoboth Beach, DE 19971

Estimated Value: $664,000 - $1,034,000

2 Beds
2 Baths
1,400 Sq Ft
$606/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $662,800 $473 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,798/month

Highlights

  • Deck
  • Wood Flooring
  • Upgraded Countertops
  • Rehoboth Elementary School Rated A
  • Attic
  • 3-minute walk to Grove Park

About This Home

As of February 2022

IS IT A HOUSE OR A CONDO? It's both! This relocated mill house is 1 of 3 freestanding structures at 510 Rehoboth Ave and is ready to be your weekend beach place, year round home, or investment income generator. Dine and relax on the huge screened porch and work on your tan on the 2nd level sun deck. Recently refreshed with new LVP flooring on the main level, new stainless steel kitchen appliances and granite countertops, new carpet and fresh paint making this charming cottage "move-in ready". The 2nd level flex room could be a home office, exercise room, nursery or dressing room. In-unit laundry, outside storage closet for bikes and beach gear, ample parking, and a shared outdoor shower to rinse off after a day at the beach. Walk to literally EVERYTHING downtown!

Last Agent to Sell the Property

Lee Ann Wilkinson

(302) 278-6726 leeann@leeanngroup.com Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 12/10/2021

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Hugh Fuller

(302) 745-1866 Hugh.fuller@exprealty.com EXP Realty, LLC License #0025314

EXP Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,301

Year Built

  • Built in 2005

Lot Details

  • Partially Fenced Property

HOA Fees

  • $183 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Block Foundation
  • Architectural Shingle Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • 1,400 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Living Room
  • Dining Room
  • Attic

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Home Security

Parking

  • Gravel Driveway
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Deck
  • Screened Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-13.20-174.00-510B

Community Details

Overview

  • Association fees include trash, lawn maintenance, insurance, pier/dock maintenance, sewer, water
  • Encampment Grounds Subdivision

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,301

Year Built

Built in 2005

Lot Details

0

HOA Fees

$183 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: IS IT A HOUSE OR A CONDO? It's both! This relocated mill house is 1 of 3 freestanding structures at 510 Rehoboth Ave and is ready to be your weekend beach place, year round home, or investment income generator. Dine and relax on the huge screened porch and work on your tan on the 2nd level sun deck. Recently refreshed with new LVP flooring on the main level, new stainless steel kitchen appliances and granite countertops, new carpet and fresh paint making this charming cottage "move-in ready". The 2nd level flex room could be a home office, exercise room, nursery or dressing room. In-unit laundry, outside storage closet for bikes and beach gear, ample parking, and a shared outdoor shower to rinse off after a day at the beach. Walk to literally EVERYTHING downtown!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Luxury Vinyl Plank
  • Interior Amenities: Attic, Ceiling Fan(s), Window Treatments, Upgraded Countertops
  • Window Features: Insulated, Screens, Storm
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry, Bathroom 1, Bathroom 2, Additional Bedroom
  • Basement: No
  • Total Sq Ft: 1400
  • Living Area Sq Ft: 1400
  • Price Per Sq Ft: 449.29
  • Above Grade Finished Sq Ft: 1400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 510

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Cedar
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Gravel Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2200.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Trash, Lawn Maintenance, Insurance, Pier/Dock Maintenance, Sewer, Water
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Fencing: Partially
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1301.08
  • Assessor Parcel Number: 334-13.20-174.00-510B
  • County Tax Payment Frequency: Annually
  • Close Date: 02/11/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2021
Closed on
Mar 16, 2022
Sold by
Kannan Menon
Bought by
Finishing Line Llc
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Hugh Fuller
EXP Realty, LLC
List Price
$629,000
Sold Price
$662,800
Premium/Discount to List
$33,800
5.37%
Current Estimated Value
$849,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,200
Avg. Annual Appreciation
7.04%
Original Mortgage
$563,380
Outstanding Balance
$523,204
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$325,796

Purchase Details

Listed on
Dec 10, 2021
Closed on
Feb 11, 2022
Sold by
Enslen Jr Bruce D
Bought by
Menon Kannan and Foster Lynne
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Hugh Fuller
EXP Realty, LLC
List Price
$629,000
Sold Price
$662,800
Premium/Discount to List
$33,800
5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,380
Outstanding Balance
$523,204
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$325,796
Source: Public Records

Range of Values:

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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
Finishing Line Llc -- Tunnell & Raysor Pa
Menon Kannan $662,800 Tunnell & Raysor Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menon Kannan $563,380
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $662,800 +5.4% $473 / Sq Ft
12/19/2021 12/19/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $629,000 -- $449 / Sq Ft
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 $1,362 $3,450 $0 $3,450
2024 $328 $3,450 $0 $3,450
2023 $328 $3,450 $0 $3,450
2022 $316 $3,450 $0 $3,450
2021 $313 $3,450 $0 $3,450
2020 $312 $3,450 $0 $3,450
2019 $313 $3,450 $0 $3,450
2018 $292 $6,650 $0 $0
2017 $280 $6,650 $0 $0
2016 $266 $6,650 $0 $0
2015 $254 $6,650 $0 $0
2014 $252 $6,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lee Ann Wilkinson

    Seller's Agent in 2022

    Lee Ann Wilkinson

    BHHS PenFed (actual)

    (302) 278-6726

    221 in this area

    1,883 Total Sales

    Lee Ann Wilkinson
    Section Image
  • Hugh Fuller

    Buyer's Agent in 2022

    Hugh Fuller

    EXP Realty, LLC

    (302) 745-1866

    23 in this area

    54 Total Sales

    Hugh Fuller
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2010746

Bright MLS

APN: 334-13.20-174.00-510B

Delaware Sussex County Rehoboth Beach 19971

510 Rehoboth Ave Unit 510B, Rehoboth Beach, DE

This home is located at 510 Rehoboth Ave Unit 510B, Rehoboth Beach, DE 19971 since 10 December 2021 and is currently estimated at $849,000, approximately $606 per square foot. This property was built in 2005. 510 Rehoboth Ave Unit 510B 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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