NOT LISTED FOR SALE

55 Delaware Ave Rehoboth Beach, DE 19971

Estimated Value: $2,241,000 - $3,422,000

8 Beds
7 Baths
3,416 Sq Ft
$784/Sq Ft Est. Value

Last Sold April 11, 2014

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

Est. 154% increase in value since last sale

Current estimated payment $16,253/month

499 Days on Market

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

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
  • 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

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 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

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

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
$3,049,088

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
7.04%
Original Mortgage
$960,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 List to Sale Price per Sq Ft
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

    30 in this area

    66 Total Sales

    Allen Jarmon
    Section Image
  • Matt Brittingham

    Buyer's Agent in 2014

    Matt Brittingham

    Patterson Schwartz

    (302) 344-9026

    24 in this area

    231 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

Not Listed for Sale

Detached

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