NOT LISTED FOR SALE

55 Delaware Ave Rehoboth Beach, DE 19971

Estimated Value: $2,305,947 - $4,001,000

8 Beds
7 Baths
3,416 Sq Ft
$858/Sq Ft Est. Value

Last Sold April 11, 2014

Last sale price $1,200,000 $351 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $15,954/month

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • No HOA
  • Rehoboth Elementary School Rated A
  • Victorian Architecture
  • 5-minute walk to Dune Nature Park

About This Home

As of April 2014

Second beach block. Was operating as a successful B&B until 10/13, but would make a great single family home/rental! Old home charm with modern conveniences. Large rooms, 3 zone HVAC, 8 car parking. Partially finished owners suite in basement. A must see home!! Great rental potential!

Last Agent to Sell the Property

Allen Jarmon

(302) 745-5122 ajarmon113@gmail.com NextHome Tomorrow Realty License #RA-0002913 Listed on: 10/22/2012

NextHome Tomorrow Realty

Last Buyer's Agent

Matt Brittingham

(302) 344-9026 Matt@DelawareShoreProperties.com Patterson-Schwartz-Rehoboth License #RA-0003405

Patterson-Schwartz-Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,034

Year Built

  • Built in 1937

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Cleared Lot

Home Design

  • Victorian Architecture
  • Cottage
  • Flat Roof Shape
  • Block Foundation
  • Asbestos Shingle Roof
  • Shake Siding
  • Stick Built Home

Interior Spaces

  • 3,416 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Insulated Windows
  • Window Screens
  • Living Room
  • Dining Room
  • Storm Doors

Kitchen

  • Electric Oven or Range
  • Microwave
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Driveway
  • Off-Street Parking

Pool

  • Outdoor Shower

Utilities

  • Zoned Cooling
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.17-504.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,034

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage, Victorian
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Kitchen - Island, Pantry, Entry Level Bedroom, Ceiling Fan(s)
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block
  • Level Count: 3
  • Levels Count: 3+
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Laundry, Additional Bedroom
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Partially Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 3416
  • Living Area Sq Ft: 3416
  • Net Sq Ft: 3416.00
  • Price Per Sq Ft: 395.20
  • Above Grade Finished Sq Ft: 3416
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 8
  • Total Bathrooms: 7
  • Full Bathrooms: 7

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s), Zoned
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50 x 100
  • Lot Size Units: Acres
  • Possible Use: Commercial, Industrial

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5197013
  • Assessor Parcel Number: 334-14.17-504.01
  • County Tax Payment Frequency: Annually
  • Close Date: 04/11/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2014
Sold by
Rhoads John L and Rhoads Elizabeth G
Bought by
R Delaware Inn Llc A Delaware Limited Li
Current Estimated Value
$2,929,987

Purchase Details

Listed on
Oct 22, 2012
Closed on
Apr 4, 2014
Bought by
Rhoads John L and Rhoads Elizabeth G
Seller's Agent
Allen Jarmon
NextHome Tomorrow Realty
Buyer's Agent
Matt Brittingham
Patterson-Schwartz-Rehoboth
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$960,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
R Delaware Inn Llc A Delaware Limited Li -- --
Rhoads John L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhoads John L $960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2014 04/11/14 Sold $1,200,000 0.0% $351 / Sq Ft
03/05/2014 03/05/14 Pending -- -- --
10/22/2012 10/22/12 For Sale $1,200,000 -- $351 / 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 $5,034 $24,550 $10,000 $14,550
2024 $1,210 $24,550 $10,000 $14,550
2023 $1,209 $24,550 $10,000 $14,550
2022 $1,167 $24,550 $10,000 $14,550
2021 $1,156 $24,550 $10,000 $14,550
2020 $1,153 $24,550 $10,000 $14,550
2019 $1,154 $24,550 $10,000 $14,550
2018 $1,078 $24,550 $0 $0
2017 $1,032 $24,550 $0 $0
2016 $981 $24,550 $0 $0
2015 $937 $24,550 $0 $0
2014 $930 $24,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allen Jarmon

    Seller's Agent in 2014

    Allen Jarmon

    NextHome Tomorrow Realty

    (302) 745-5122

    35 in this area

    76 Total Sales

    Allen Jarmon
    Section Image
  • Matt Brittingham

    Buyer's Agent in 2014

    Matt Brittingham

    Patterson Schwartz

    (302) 344-9026

    24 in this area

    243 Total Sales

    Matt Brittingham
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000969542

Bright MLS

APN: 334-14.17-504.01

Delaware Sussex County Rehoboth Beach 19971

55 Delaware Ave, Rehoboth Beach, DE

This home is located at 55 Delaware Ave, Rehoboth Beach, DE 19971 since 22 October 2012 and is currently estimated at $2,929,987, approximately $857 per square foot. This property was built in 1937. 55 Delaware Ave 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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