NOT LISTED FOR SALE

54 Sussex St Rehoboth Beach, DE 19971

Estimated Value: $3,289,156

5 Beds
4.5 Baths
2,997 Sq Ft
$1,097/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $2,100,000 $701 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $18,122/month

167 Days on Market

Highlights

  • Newly Remodeled
  • In Ground Pool
  • Main Floor Bedroom
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • 3-minute walk to Deer Park

About This Home

As of April 2018

This 5 BR custom home with 22' heated swimming pool was newly constructed in 2017 and offers an exciting blend of coastal beach charm and contemporary style. It is well located in the Pines section of North Rehoboth, walking distance to the beach, boardwalk, restaurants and shops. The open floor plan is flooded with light as the walls of windows look out onto the pool and yard offering spacious indoor and outdoor living. A state-of-the-art kitchen with polished quartz counters and Bosch appliances opens to the living space. Special features include 10' ceilings, 2 zone audio and a private, first floor MBR with direct pool access. Climb the floating staircase to find 4 more BRs (including 2 masters), and a second washer/dryer for convenience. Bonus is an easy-access storage basement (or let the kids play there on a rainy day) and the oversized lot (84x84) allows parking for 6 cars. Never rented but amazing rental potential for this home--or just keep it for family and friends.

Last Agent to Sell the Property

Randy Mason

Jack Lingo - Rehoboth License #RA-0003542 Listed on: 10/02/2017

Jack Lingo - Rehoboth

Co-Listed By

Shirley Kalvinsky

Jack Lingo - Rehoboth License #RA0001681

Last Buyer's Agent

Steven Rowan

Jack Lingo - Rehoboth

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,761

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 7,056 Sq Ft Lot
  • Lot Dimensions are 84x84
  • Property is Fully Fenced
  • Landscaped
  • Sprinkler System
  • Property is zoned TOWN CODES, TOWN CODES

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Metal Roof
  • Concrete Perimeter Foundation
  • HardiePlank Type
  • Stick Built Home

Interior Spaces

  • 2,997 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Skylights
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Great Room
  • Open Floorplan
  • Dining Room
  • Storage Room
  • Home Security System
  • Attic

Kitchen

  • Gas Oven or Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Stacked Electric Washer and Dryer

Basement

  • Partial Basement
  • Interior Basement Entry

Parking

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

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Heating System Uses Propane
  • Tankless Water Heater
  • Propane Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.17-57.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,761

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Furnished
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2017
  • Remarks Public: This 5 BR custom home with 22' heated swimming pool was newly constructed in 2017 and offers an exciting blend of coastal beach charm and contemporary style. It is well located in the Pines section of North Rehoboth, walking distance to the beach, boardwalk, restaurants and shops. The open floor plan is flooded with light as the walls of windows look out onto the pool and yard offering spacious indoor and outdoor living. A state-of-the-art kitchen with polished quartz counters and Bosch appliances opens to the living space. Special features include 10' ceilings, 2 zone audio and a private, first floor MBR with direct pool access. Climb the floating staircase to find 4 more BRs (including 2 masters), and a second washer/dryer for convenience. Bonus is an easy-access storage basement (or let the kids play there on a rainy day) and the oversized lot (84x84) allows parking for 6 cars. Never rented but amazing rental potential for this home--or just keep it for family and friends.
  • Special Features: 4098
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Oven/Range - Gas, Washer, Washer/Dryer Stacked, Water Heater, Water Heater - Tankless
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Attic, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Ceiling Fan(s), Skylight(s), Window Treatments
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated
  • Foundation Details: Concrete Perimeter
  • Level Count: 2
  • Levels Count: 2
  • Room Count: 11
  • Room List: Dining Room, Primary Bedroom, Kitchen, Great Room, Laundry, Storage Room, Additional Bedroom
  • Basement: Yes
  • Basement Type: Partial, Interior Access
  • Living Area Units: Square Feet
  • Total Sq Ft: 2997
  • Living Area Sq Ft: 2997
  • Net Sq Ft: 2997.00
  • Price Per Sq Ft: 750.42
  • Above Grade Finished Sq Ft: 2997
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 54

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Hardiplank Type
  • Construction Completed: Yes
  • Exterior Features: Lawn Sprinkler
  • Pool Features: In Ground
  • Roof: Metal
  • 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: 6
  • Parking Features: Concrete 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 Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air, Propane, Zoned
  • Heating: Yes
  • Hot Water: Propane, Tankless
  • Security: Security System
  • 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: Fully
  • Lot Features: Landscaping
  • Lot Size Acres: 0.16
  • Lot Size Area: 7056
  • Lot Dimensions: 84x84
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7056.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: TOWN CODES
  • Zoning Description: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2761.00
  • Assessor Parcel Number: 334-14.17-57.00
  • County Tax Payment Frequency: Annually
  • Close Date: 04/27/2018

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2019
Sold by
Lee James M
Bought by
Lee James M and Lee Carrie M
Current Estimated Value
$3,289,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,300
Outstanding Balance
$1,111,758
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$2,100,807

Purchase Details

Listed on
Oct 2, 2017
Closed on
Apr 6, 2018
Sold by
Mcnichol Christopher W
Bought by
Lee James M
Seller's Agent
Randy Mason
Jack Lingo - Rehoboth
Buyer's Agent
Steven Rowan
Jack Lingo - Rehoboth
List Price
$2,249,000
Sold Price
$2,100,000
Premium/Discount to List
-$149,000
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$1,680,000
Interest Rate
4.44%
Mortgage Type
Unknown

Purchase Details

Listed on
Aug 1, 2015
Closed on
Sep 12, 2016
Sold by
Sussex 2 Inc
Bought by
Mcnichol Christopher W
Seller's Agent
CHRISTINE MOORE
Monument Sotheby's International Realty
Buyer's Agent
Shirley Kalvinsky
Jack Lingo - Rehoboth
List Price
$999,000
Sold Price
$930,000
Premium/Discount to List
-$69,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.33%

Purchase Details

Closed on
Jun 4, 1998
Bought by
Sussex 2 Inc
Source: Public Records

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
Lee James M -- --
Lee James M $2,100,000 --
Mcnichol Christopher W $930,000 None Available
Sussex 2 Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee James M $1,250,300
Previous Owner Lee James M $1,680,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $2,100,000 -6.6% $701 / Sq Ft
03/18/2018 03/18/18 Pending -- -- --
10/02/2017 10/02/17 For Sale $2,249,000 +141.8% $750 / Sq Ft
09/12/2016 09/12/16 Sold $930,000 -6.9% --
08/26/2016 08/26/16 Pending -- -- --
08/01/2015 08/01/15 For Sale $999,000 -- --
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 $2,415 $49,000 $13,450 $35,550
2023 $2,413 $49,000 $13,450 $35,550
2022 $2,329 $49,000 $13,450 $35,550
2021 $2,307 $49,000 $13,450 $35,550
2020 $2,301 $49,000 $13,450 $35,550
2019 $2,304 $49,000 $13,450 $35,550
2018 $2,152 $49,000 $0 $0
2017 $2,061 $49,000 $0 $0
2016 $537 $13,450 $0 $0
2015 $513 $13,450 $0 $0
2014 $409 $10,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001033700

Bright MLS

APN: 334-14.17-57.00