$1,000,000
SOLD FEB 14, 2025

510 Rehoboth Ave Unit 510C Rehoboth Beach, DE 19971

3 Beds
2.5 Baths
1,500 Sq Ft
$292/mo HOA Fee

Recently Sold

$667 Per Sq Ft

20% Below List Price

171 Days on Market

Highlights

  • Water Oriented
  • Open Floorplan
  • Deck
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • 3-minute walk to Grove Park

About This Home

As of February 2025

Motivated Seller! Welcome to Flip Flop Central, a unique semi-detached home in the heart of downtown Rehoboth. Set among mature trees in a hidden enclave, this convenient location provides great access to dining, shopping, the beach, boardwalk, the farmers market, Grove Park, the bike trail and more. Enjoy a relaxed beach lifestyle in a care-free home with 3 bedrooms, 2.5 baths, a gas fireplace, and a large eat in kitchen with tile floors, stainless appliances and a subway tile back splash. Curl up with a good book in one of the 3 outdoor living spaces, a spacious front screened porch, a quiet sun deck off the primary suite and a side porch off the kitchen. Being sold furnished, this turn key property also features a new HVAC in 2022, and a full basement with room to grow as partial framing & plumbing rough in are already in place. There is also attic storage, a separate storage shed for bikes, parking for 2 cars and 2 City of Rehoboth parking passes. Only 6 blocks to the beach, this charming getaway is the next best thing to a single family home. Short term rentals permitted.

Last Agent to Sell the Property

DEBBIE REED

RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 07/26/2024

RE/MAX Realty Group Rehoboth

Co-Listed By

AMY WARICK

RE/MAX Realty Group Rehoboth License #RS-0016761

Last Buyer's Agent

Carrie Lingo

Jack Lingo - Lewes License #RS-0017885

Jack Lingo - Lewes

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,747

Year Built

  • Built in 2005

Lot Details

  • Partially Fenced Property
  • Wooded Lot

HOA Fees

  • $292 Monthly HOA Fees

Home Design

  • Semi-Detached or Twin Home
  • Coastal Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Living Room
  • Screened Porch
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

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

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Deck
  • Screened Patio

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • $500 Capital Contribution Fee
  • Association fees include common area maintenance, sewer, trash, water
  • Encampment Grounds Subdivision

Amenities

  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,747

Year Built

Built in 2005

Lot Details

0

HOA Fees

$292 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Personal items
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Upper 1, Upper 2
  • Expected On Market: 2024-07-26
  • Federal Flood Zone: No
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Motivated Seller! Welcome to Flip Flop Central, a unique semi-detached home in the heart of downtown Rehoboth. Set among mature trees in a hidden enclave, this convenient location provides great access to dining, shopping, the beach, boardwalk, the farmers market, Grove Park, the bike trail and more. Enjoy a relaxed beach lifestyle in a care-free home with 3 bedrooms, 2.5 baths, a gas fireplace, and a large eat in kitchen with tile floors, stainless appliances and a subway tile back splash. Curl up with a good book in one of the 3 outdoor living spaces, a spacious front screened porch, a quiet sun deck off the primary suite and a side porch off the kitchen. Being sold furnished, this turn key property also features a new HVAC in 2022, and a full basement with room to grow as partial framing & plumbing rough in are already in place. There is also attic storage, a separate storage shed for bikes, parking for 2 cars and 2 City of Rehoboth parking passes. Only 6 blocks to the beach, this charming getaway is the next best thing to a single family home. Short term rentals permitted.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Refrigerator, Microwave, Oven/Range - Electric, Washer, Water Heater, Extra Refrigerator/Freezer, Stainless Steel Appliances
  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Ceramic Tile
  • Interior Amenities: Attic, Ceiling Fan(s), Window Treatments, Floor Plan - Open, Kitchen - Eat-In, Primary Bath(s), Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Basement, Laundry, Primary Bathroom, Full Bath, Screened Porch
  • Basement: Yes
  • Basement Type: Full, Sump Pump
  • Laundry Type: Main Floor
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 683.33
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 510C

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 2.00
  • Upper Level 2 Full Bathrooms: 2
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Roof: Architectural Shingle
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Gravel Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3500.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Reserved/Assigned Parking, Extra Storage
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 500.00

Schools

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

Lot Info

  • Fencing: Partially
  • Land Use Code: 999
  • Lot Features: Trees/Wooded
  • Lot Size Acres: 0.41
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17860.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Year Assessed: 2024
  • Zoning: GR
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1116.00
  • Tax Annual Amount: 1747.00
  • Assessor Parcel Number: 334-13.20-174.00-510C
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 02/14/2025

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Feb 14, 2025
Sold by
Kelly Mary E
Bought by
Thompson James Alan and Fusco Georgeann Rita
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%
Views
682
Current Estimated Value
$1,036,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,863
Avg. Annual Appreciation
10.58%
Original Mortgage
$750,000
Outstanding Balance
$748,745
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$288,118

Purchase Details

Closed on
Feb 4, 2019
Sold by
Rees Mary E
Bought by
Kelly Mary E

Purchase Details

Listed on
Oct 2, 2013
Closed on
Oct 2, 2015
Sold by
Hilt Arthur L and Cummins Eloise M
Bought by
Rees Mary E
Seller's Agent
JOSEPH CHOMA
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
DERRICK LINGO
Jack Lingo - Rehoboth
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $1,000,000 None Listed On Document
Deed $1,000,000 None Listed On Document
Quit Claim Deed -- --
Deed $600,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Closed $750,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2025 02/14/25 Sold $1,000,000 -2.4% $667 / Sq Ft
01/14/2025 01/14/25 Pending -- -- --
01/11/2025 01/11/25 Price Changed $1,025,000 -2.4% $683 / Sq Ft
10/24/2024 10/24/24 Price Changed $1,050,000 -4.5% $700 / Sq Ft
09/04/2024 09/04/24 Price Changed $1,099,000 -4.0% $733 / Sq Ft
08/27/2024 08/27/24 Price Changed $1,145,000 -4.2% $763 / Sq Ft
08/07/2024 08/07/24 Price Changed $1,195,000 -4.4% $797 / Sq Ft
07/26/2024 07/26/24 For Sale $1,250,000 +108.3% $833 / Sq Ft
10/02/2015 10/02/15 Sold $600,000 0.0% --
08/31/2015 08/31/15 Pending -- -- --
10/02/2013 10/02/13 For Sale $600,000 -- --
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
2024 $1,227 $21,700 $0 $21,700
2023 $1,226 $21,700 $0 $21,700
2022 $1,183 $21,700 $0 $21,700
2021 $1,173 $21,700 $0 $21,700
2020 $1,169 $21,700 $0 $21,700
2019 $1,171 $21,700 $0 $21,700
2018 $1,093 $24,900 $0 $0
2017 $1,047 $24,900 $0 $0
2016 $995 $24,900 $0 $0
2015 $950 $24,900 $0 $0
2014 $943 $24,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2067038

Bright MLS

APN: 334-13.20-174.00-510C