NOT LISTED FOR SALE

531 School Ln Rehoboth Beach, DE 19971

Estimated Value: $1,125,057 - $1,383,000

3 Beds
2 Baths
1,672 Sq Ft
$773/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $675,500 $404 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $7,080/month

Highlights

  • Deck
  • Wood Burning Stove
  • Wood Flooring
  • Rehoboth Elementary School Rated A
  • Rambler Architecture
  • Attic

About This Home

As of April 2017

Walk to the beach... short walk to the beach over the Silver Lake (turtle) bridge. Easy walk to town from State Road. This delightful home boasts beautiful hardwood floors, wood burning fireplace, expansive master bedroom & bath. Large eat-in kitchen w/breakfast nook, partially finished basement, very private courtyard w/outdoor shower. Fenced yard & large driveway. This home is being sold completely furnished, for immediate 2017 summer season use!

Last Agent to Sell the Property

John Black

(302) 249-6922 jblack@psre.com Patterson-Schwartz-Rehoboth Listed on: 02/10/2017

Patterson-Schwartz-Rehoboth

Last Buyer's Agent

Christopher Beagle

(215) 262-6209 christopherbeagle1@gmail.com Compass License #RS-0020683

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,219

Year Built

  • Built in 1956

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 79x18x99x60x103
  • Property is Fully Fenced
  • Landscaped
  • Corner Lot
  • Irregular Lot
  • Zoning described as GENERAL RESIDENTIAL

Home Design

  • Rambler Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,672 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Breakfast Room
  • Dining Room
  • Sun or Florida Room
  • Attic
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Schoolvue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-19.08-106.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,219

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Rambler, Ranch/Rambler
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: No
  • Year Built: 1956
  • Remarks Public: Walk to the beach... short walk to the beach over the Silver Lake (turtle) bridge. Easy walk to town from State Road. This delightful home boasts beautiful hardwood floors, wood burning fireplace, expansive master bedroom & bath. Large eat-in kitchen w/breakfast nook, partially finished basement, very private courtyard w/outdoor shower. Fenced yard & large driveway. This home is being sold completely furnished, for immediate 2017 summer season use!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Attic, Kitchen - Eat-In, Entry Level Bedroom, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Level Count: 1
  • Levels Count: 1
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Breakfast Room, Sun/Florida Room, Additional Bedroom
  • Basement: Yes
  • Basement Type: Partially Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 1672
  • Living Area Sq Ft: 1672
  • Net Sq Ft: 1672.00
  • Price Per Sq Ft: 418.60
  • Above Grade Finished Sq Ft: 1672
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 531

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 6
  • Parking Features: Paved Driveway
  • Number Of Parking Spaces Included: 3+ Car Parking
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Driveway

Utilities

  • Refuse: 275.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Wood Burn Stove, Baseboard, Hot Water, Oil
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895

Lot Info

  • Fencing: Fully
  • Lot Features: Irregular, Landscaping
  • Lot Size Acres: 0.20
  • Lot Dimensions: 79x18x99x60x103
  • Lot Size Units: Acres
  • Lot Sq Ft: 8712.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Enclosed
  • Zoning Description: GENERAL RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5201420
  • Tax Annual Amount: 1219.00
  • Assessor Parcel Number: 334-19.08-106.00
  • County Tax Payment Frequency: Annually
  • Close Date: 04/28/2017

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

Closed on
Apr 28, 2016
Sold by
Amideo Carl P and Melendez Inocencio
Bought by
Lentz Brad Wayne and Clayton Steven D
Current Estimated Value
$1,293,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,125
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2002
Bought by
Armideo Carl P Inocencio Melendez
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 Buyer Sale Price Title Company
Lentz Brad Wayne $675,500 None Available
Armideo Carl P Inocencio Melendez $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lentz Brad Wayne $506,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2017 04/28/17 Sold $675,500 -3.5% $404 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $699,900 -- $419 / 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 $2,672 $23,000 $10,750 $12,250
2024 $1,166 $23,000 $10,750 $12,250
2023 $1,133 $23,000 $10,750 $12,250
2022 $1,093 $23,000 $10,750 $12,250
2021 $1,083 $23,000 $10,750 $12,250
2020 $1,080 $23,000 $10,750 $12,250
2019 $1,081 $23,000 $10,750 $12,250
2018 $1,010 $23,000 $0 $0
2017 $967 $23,000 $0 $0
2016 $919 $23,000 $0 $0
2015 $878 $23,000 $0 $0
2014 $871 $23,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Black

    Seller's Agent in 2017

    John Black

    Patterson Schwartz

    (302) 249-6922

    28 in this area

    49 Total Sales

    John Black
    Section Image
  • Christopher Beagle

    Buyer's Agent in 2017

    Christopher Beagle

    Compass

    (215) 262-6209

    29 in this area

    60 Total Sales

    Christopher Beagle
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001025814

Bright MLS

APN: 334-19.08-106.00

Delaware Sussex County Rehoboth Beach 19971

531 School Ln, Rehoboth Beach, DE

This home is located at 531 School Ln, Rehoboth Beach, DE 19971 since 10 February 2017 and is currently estimated at $1,293,264, approximately $773 per square foot. This property was built in 1956. 531 School Ln 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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