NOT LISTED FOR SALE

53 Columbia Ave Rehoboth Beach, DE 19971

Estimated Value: $3,451,727 - $3,953,000

5 Beds
5.5 Baths
3,120 Sq Ft
$1,204/Sq Ft Est. Value

Last Sold October 12, 2018

Last sale price $2,298,000 $737 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $21,026/month

56 Days on Market

Highlights

  • Cabana
  • Heated Floors
  • Vaulted Ceiling
  • Rehoboth Elementary School Rated A
  • Colonial Architecture
  • Main Floor Bedroom

About This Home

As of October 2018

TOTAL RENOVATION and sensitive expansion updates a circa 1926 Pines Cottage for today's lifestyle. The main floor features a spacious open plan with reclaimed white oak floors and walls of new Andersen windows. French doors open to a 35' screened porch. A butlers pantry links the media room to the large kitchen with honed Carrara Marble counters and a built-in banquette. A laundry room, powder room and Private Master Suite complete this level. The second floor features a spacious Master Bedroom plus two additional bedrooms, each with its own bath. The oversized 75x100 lot boasts a new heated concrete swimming pool w/ bluestone coping and separate pool house/guest suite. Extensive landscaping and lighting provide for private and tranquil outdoor living. The Atlantic Ocean is 1.5 blocks away and the shops and restaurants of Rehoboth Avenue just a short walk--if you can tear yourself away from this private oasis. Summer rental of $120,000.

Last Listed By

Randy Mason

Jack Lingo - Rehoboth License #RA-0003542 Listed on: 07/11/2018

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,580

Year Built

  • Built in 1926 | Remodeled in 2017

Lot Details

  • 7,534 Sq Ft Lot
  • Lot Dimensions are 75 x 100
  • Landscaped
  • Sprinkler System
  • Back Yard Fenced
  • Property is in very good condition
  • Property is zoned TOWN CODES

Home Design

  • Colonial Architecture
  • Coastal Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Shake Siding
  • Stick Built Home
  • Cedar

Interior Spaces

  • 3,120 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Heated Floors
  • Marble

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

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

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Stone Driveway
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows

Pool

  • Cabana
  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Screened Patio
  • Exterior Lighting
  • Outbuilding
  • Outdoor Grill
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Air Source Heat Pump
  • Tankless Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.13-131.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,580

Year Built

Built in 1926 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Colonial
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1926
  • Year Renovated: 2017
  • Remarks Public: TOTAL RENOVATION and sensitive expansion updates a circa 1926 Pines Cottage for today's lifestyle. The main floor features a spacious open plan with reclaimed white oak floors and walls of new Andersen windows. French doors open to a 35' screened porch. A butlers pantry links the media room to the large kitchen with honed Carrara Marble counters and a built-in banquette. A laundry room, powder room and Private Master Suite complete this level. The second floor features a spacious Master Bedroom plus two additional bedrooms, each with its own bath. The oversized 75x100 lot boasts a new heated concrete swimming pool w/ bluestone coping and separate pool house/guest suite. Extensive landscaping and lighting provide for private and tranquil outdoor living. The Atlantic Ocean is 1.5 blocks away and the shops and restaurants of Rehoboth Avenue just a short walk--if you can tear yourself away from this private oasis. Summer rental of $120,000.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Refrigerator, Microwave, Oven/Range - Gas, Oven - Wall, Range Hood, Stainless Steel Appliances, Washer - Front Loading, Water Heater - Tankless
  • Flooring Type: Carpet, Hardwood, Heated, Marble
  • Interior Amenities: Kitchen - Eat-In, Kitchen - Island, Entry Level Bedroom, Ceiling Fan(s), Exposed Beams, Wet/Dry Bar, Combination Dining/Living, Recessed Lighting, Walk-In Closet(s), Wood Floors
  • Window Features: Insulated, Screens, Energy Efficient
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Room Count: 10
  • Room List: Dining Room, Primary Bedroom, Kitchen, Family Room, Great Room, Laundry, Additional Bedroom
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3120
  • Living Area Sq Ft: 3120
  • Net Sq Ft: 3120.00
  • Price Per Sq Ft: 768.59
  • Above Grade Finished Sq Ft: 3120
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 53

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Cabana/Pool House
  • Construction Materials: Stick Built, Cedar, Shake Siding
  • Exterior Features: Outside Shower, Exterior Lighting, Bbq Grill, Outbuilding(s), Underground Lawn Sprinkler
  • Pool Features: In Ground
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Parking Features: Stone Driveway
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, Driveway

Utilities

  • Refuse: 275.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s), Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

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

Lot Info

  • Fencing: Rear
  • Lot Features: Landscaping, Rear Yard
  • Lot Size Acres: 0.17
  • Lot Dimensions: 75 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7534.00
  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Very Good
  • Zoning: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 115000.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 2580.00
  • Assessor Parcel Number: 334-14.13-131.00
  • County Tax Payment Frequency: Annually
  • Close Date: 10/12/2018

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2018
Closed on
Oct 11, 2018
Sold by
Columbia Llc
Bought by
Caldwell Phyllis R and Caldwell Barry H
Seller's Agent
Randy Mason
Jack Lingo - Rehoboth
Buyer's Agent
Andy Staton
Monument Sotheby's International Realty
List Price
$2,398,000
Sold Price
$2,298,000
Premium/Discount to List
-$100,000
-4.17%
Total Days on Market
56
Current Estimated Value
$3,756,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,458,909
Avg. Annual Appreciation
4.91%

Purchase Details

Closed on
Dec 30, 2015
Sold by
Spies Timothy C
Bought by
53 Columbia Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 1985
Bought by
Spies Timothy C

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
Caldwell Phyllis R $2,298,000 --
53 Columbia Llc $1,150,000 None Available
Spies Timothy C $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 53 Columbia Llc $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2018 10/12/18 Sold $2,298,000 -4.2% $737 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $2,398,000 -- $769 / 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
2024 $2,368 $48,050 $12,950 $35,100
2023 $2,366 $48,050 $12,950 $35,100
2022 $2,284 $48,050 $12,950 $35,100
2021 $2,263 $48,050 $12,950 $35,100
2020 $2,256 $48,050 $12,950 $35,100
2019 $2,259 $48,050 $12,950 $35,100
2018 $2,110 $48,050 $0 $0
2017 $2,021 $48,050 $0 $0
2016 $1,001 $25,050 $0 $0
2015 $956 $25,050 $0 $0
2014 $949 $25,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002022172

Bright MLS

APN: 334-14.13-131.00