NOT LISTED FOR SALE

515 New Castle Street Extended Rehoboth Beach, DE 19971

Estimated Value: $1,139,000 - $1,674,000

2 Beds
2 Baths
1,300 Sq Ft
$1,064/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $950,000 $731 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,791/month

55 Days on Market

Highlights

  • Gourmet Kitchen
  • Open Floorplan
  • Deck
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Marble Flooring

About This Home

As of October 2019

This classic 1960's bungalow has been reimagined and tailored for today's casually sophisticated year-round shore life. "Cedar House" is perfectly located just 5 short blocks from the ocean and an 8-minute walk to Rehoboth Avenue in an established tree-lined neighborhood, east of Route 1. Stripped bare to its bones in 2017, this +/- 1,300square feet treasure was rebuilt with exceptional design, master craftsmanship and the highest quality materials. Outside, Cedar House features a classic cedar shake roof and siding, copper guttering, high-end Marvin windows, painted custom cherry wood doors and copper clad shutters. The manicured landscaping includes a raised herb garden, custom cedar privacy fencing and an authentic Belgian block drive leading to a detached garage. Inside, Cedar House is awash with natural light and delivers quiet comfort by its state-of-the-art insulation, custom doors and windows. Throughout, there are reclaimed wide-plank heart pine floors and painted tongue-and-groove heart pine walls. Reclaimed oak ceiling beams provide a warmth in the day room and a meticulously crafted coffered ceiling gives a subtle sophistication to the front room, where a 19th century English Art Nouveau pine and hand molded plaster fireplace surround captures one s attention. German engineered kitchen (and bath) plumbing and fixtures provide unparalleled infrastructure for a chef-inspired kitchen with Thermador appliances and substantial Carrara marble work surfaces, framed by custom cabinetry. The two master bedroom suites are designed for privacy and simple comfort and both include stunningly practical bathrooms (one that can also serve as powder room) with bespoke vanities and classic designer lighting. Cedar House will appeal to a discerning buyer with an appreciation for exceptional design, material and craftsmanship, classic beauty and simple luxury. This is a one-of-a-kind, perfectly situated jewel box.

Last Listed By

Bryce Lingo

Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/19/2019

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,401

Year Built

  • Built in 2017

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 75.00 x 100.00
  • Privacy Fence
  • Landscaped

Parking

  • 1 Car Detached Garage
  • Side Facing Garage
  • Stone Driveway

Home Design

  • Coastal Architecture
  • Cottage
  • Shake Roof
  • Wood Roof
  • Cedar

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Dining Area
  • Crawl Space
  • Attic

Kitchen

  • Gourmet Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Stacked Washer and Dryer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Screened Patio
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Propane
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Schoolvue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-19.08-125.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,401

Year Built

Built in 2017

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2017
  • Year Renovated: 2017
  • Remarks Public: This classic 1960's bungalow has been reimagined and tailored for today's casually sophisticated year-round shore life. "Cedar House" is perfectly located just 5 short blocks from the ocean and an 8-minute walk to Rehoboth Avenue in an established tree-lined neighborhood, east of Route 1. Stripped bare to its bones in 2017, this +/- 1,300square feet treasure was rebuilt with exceptional design, master craftsmanship and the highest quality materials. Outside, Cedar House features a classic cedar shake roof and siding, copper guttering, high-end Marvin windows, painted custom cherry wood doors and copper clad shutters. The manicured landscaping includes a raised herb garden, custom cedar privacy fencing and an authentic Belgian block drive leading to a detached garage. Inside, Cedar House is awash with natural light and delivers quiet comfort by its state-of-the-art insulation, custom doors and windows. Throughout, there are reclaimed wide-plank heart pine floors and painted tongue-and-groove heart pine walls. Reclaimed oak ceiling beams provide a warmth in the day room and a meticulously crafted coffered ceiling gives a subtle sophistication to the front room, where a 19th century English Art Nouveau pine and hand molded plaster fireplace surround captures one s attention. German engineered kitchen (and bath) plumbing and fixtures provide unparalleled infrastructure for a chef-inspired kitchen with Thermador appliances and substantial Carrara marble work surfaces, framed by custom cabinetry. The two master bedroom suites are designed for privacy and simple comfort and both include stunningly practical bathrooms (one that can also serve as powder room) with bespoke vanities and classic designer lighting. Cedar House will appeal to a discerning buyer with an appreciation for exceptional design, material and craftsmanship, classic beauty and simple luxury. This is a one-of-a-kind, perfectly situated jewel box.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Cooktop, Water Heater - Tankless
  • Flooring Type: Hardwood, Marble
  • Interior Amenities: Attic, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Pantry, Recessed Lighting, Upgraded Countertops, Wood Floors, Built-Ins
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Beamed Ceilings
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1420
  • Living Area Sq Ft: 1300
  • Price Per Sq Ft: 834.62
  • Above Grade Finished Sq Ft: 1300
  • Above Grade Unfinished Sq Ft: 120
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 515

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Cedar
  • Exterior Features: Exterior Lighting, Outside Shower
  • Roof: Wood, Shake
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Stone Driveway
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Central
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane, Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Privacy
  • Land Use Code: RS
  • Lot Features: Landscaping
  • Lot Size Acres: 0.17
  • Lot Dimensions: 75.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Year Assessed: 2018
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 1401.00
  • Assessor Parcel Number: 334-19.08-125.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 10/18/2019

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2024
Sold by
Lynch George Thomas
Bought by
Lynch George Thomas and Ligas Michael Scott
Total Days on Market
55
Current Estimated Value
$1,382,652

Purchase Details

Closed on
May 13, 2020
Sold by
Lynchi George T and Ligas Michael S
Bought by
Lynch George T

Purchase Details

Listed on
Jul 19, 2019
Closed on
Oct 18, 2019
Sold by
Preston Donald G and Torres Frank C
Bought by
Lynch George T and Ligas Michael S
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Carrie Lingo
Jack Lingo - Lewes
List Price
$1,085,000
Sold Price
$950,000
Premium/Discount to List
-$135,000
-12.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$650,000
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

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
Lynch George Thomas -- None Listed On Document
Lynch George Thomas -- None Listed On Document
Lynch George T $10,825 None Available
Lynch George T $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lynch George T $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $950,000 -12.4% $731 / Sq Ft
07/19/2019 07/19/19 For Sale $1,085,000 +110.7% $835 / Sq Ft
06/23/2015 06/23/15 Sold $515,000 0.0% --
06/23/2015 06/23/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $515,000 -- --
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 $1,067 $21,650 $9,350 $12,300
2023 $1,066 $21,650 $9,350 $12,300
2022 $1,029 $21,650 $9,350 $12,300
2021 $1,020 $21,650 $9,350 $12,300
2020 $1,016 $21,650 $9,350 $12,300
2019 $1,018 $21,650 $9,350 $12,300
2018 $951 $21,650 $0 $0
2017 $910 $21,650 $0 $0
2016 $781 $19,550 $0 $0
2015 $746 $19,550 $0 $0
2014 $741 $19,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2019

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    204 in this area

    393 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull

    Seller Co-Listing Agent in 2019

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    182 in this area

    296 Total Sales

    Shaun Tull
    Section Image
  • Carrie Lingo

    Buyer's Agent in 2019

    Carrie Lingo

    Jack Lingo - Lewes

    (302) 500-0825

    163 in this area

    952 Total Sales

    Carrie Lingo
    Section Image

  • M

    Seller's Agent in 2015

    MARY LOU SHEEHAN

    Jack Lingo - Rehoboth

  • HENRY BARLOW

    Buyer's Agent in 2015

    HENRY BARLOW

    Jack Lingo - Rehoboth

    (302) 226-6656

    2 in this area

    11 Total Sales

    HENRY BARLOW
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Map

Source: Bright MLS

MLS Number: DESU140772

Bright MLS

APN: 334-19.08-125.00

Delaware Sussex County Rehoboth Beach 19971

515 New Castle Street Extended, Rehoboth Beach, DE

Homes for Sale in Rehoboth Beach, DE

This home is located at 515 New Castle Street Extended, Rehoboth Beach, DE 19971 since 19 July 2019 and is currently estimated at $1,382,652, approximately $1,063 per square foot. This property was built in 2017. 515 New Castle Street Extended 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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