NOT LISTED FOR SALE

56 Ocean Dr Rehoboth Beach, DE 19971

Estimated Value: $792,540 - $6,079,000

5 Beds
5.5 Baths
6,848 Sq Ft
$521/Sq Ft Est. Value

Last Sold March 02, 2013

Last sale price $5,500,000 $803 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $20,330/month

282 Days on Market

Highlights

  • Ocean View
  • 1 Dock Slip
  • Water Access
  • Rehoboth Elementary School Rated A
  • Beach
  • Deck

About This Home

As of March 2013

Spectactular Oceanfront Estate in North Shores. Masterful custom architecture blended with extrordinary ocean views.5 Ensuite bedrooms, gourmet kitchen,theater room,dramatic out door living spaces, a 21 ft radius stone fireplace. Too many great features to list them all.

Last Agent to Sell the Property

Kathleen Schell

Monument Sotheby's International Realty Listed on: 05/24/2012

Monument Sotheby's International Realty

Co-Listed By

Justin Healy

Monument Sotheby's International Realty License #RB-0003444

Last Buyer's Agent

Babs Morales

Berkshire Hathaway HomeServices PenFed Realty License #RS-0016340

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,409

Year Built

  • Built in 1999

Lot Details

  • 0.43

Parking

  • Gravel Driveway

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Piling Construction
  • Stick Built Home
  • Dryvit Stucco

Interior Spaces

  • 6,848 Sq Ft Home
  • Property has 2 Levels
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Insulated Doors
  • Ocean Views

Kitchen

  • Built-In Self-Cleaning Oven
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Whirlpool Bathtub

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • 1 Dock Slip
  • Balcony
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Hookup Available For Sewer

Additional Features

  • Lot Dimensions are 75 x 246
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 334-08.17-9.00

Community Details

Overview

  • No Home Owners Association
  • North Shores Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Additional Features

  • Security Service
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,409

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1999
  • Remarks Public: Spectactular Oceanfront Estate in North Shores. Masterful custom architecture blended with extrordinary ocean views.5 Ensuite bedrooms, gourmet kitchen,theater room,dramatic out door living spaces, a 21 ft radius stone fireplace. Too many great features to list them all.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Electric, Oven - Self Cleaning, Oven - Wall, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Elevator, Skylight(s), Whirlpool/Hottub
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Pilings
  • Level Count: 2
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 6848
  • Living Area Sq Ft: 6848
  • Net Sq Ft: 6848.00
  • Price Per Sq Ft: 875.44
  • Above Grade Finished Sq Ft: 6848
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 56

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Dryvit
  • Construction Completed: Yes
  • Exterior Features: Outside Shower
  • Roof: Metal
  • View: Ocean
  • Water Access: Yes
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway, Under Home Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Wood Burn Stove, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Tennis Courts, Swimming Pool, Security
  • HOA: No
  • Community Pool Features: In Ground

Schools

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

Lot Info

  • Lot Dimensions: 75 x 246
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es), Screened

Building Info

  • Building Features: Elevator

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5211401
  • Assessor Parcel Number: 334-08.17-9.00
  • County Tax Payment Frequency: Annually
  • Close Date: 03/02/2013

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2020
Sold by
Edmondson-Dodge Paul and Mccarley-Dodge Emily
Bought by
Edmondson-Dodge Paul
Current Estimated Value
$3,568,385

Purchase Details

Listed on
May 24, 2012
Closed on
Feb 6, 2013
Sold by
Ballenger Family Investments Llc
Bought by
Dodge Paul Edmondson and Mccarley Dodge Emily
Seller's Agent
Kathleen Schell
Monument Sotheby's International Realty
Buyer's Agent
Babs Morales
Berkshire Hathaway HomeServices PenFed Realty
List Price
$5,500,000
Sold Price
$5,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.21%
Original Mortgage
$1,500,000
Interest Rate
3.54%

Purchase Details

Closed on
Feb 6, 2012
Sold by
John G John G
Bought by
Ballenger Family Investment Llc

Purchase Details

Closed on
Dec 30, 2011
Sold by
John G John G
Bought by
Ballenger Family Investment Llc
Source: Public Records

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Range of Values:

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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
Edmondson-Dodge Paul -- None Available
Dodge Paul Edmondson $5,500,000 --
Ballenger Family Investment Llc -- --
Ballenger Family Investment Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dodge Paul Edmondson $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2013 03/02/13 Sold $5,500,000 0.0% $803 / Sq Ft
03/02/2013 03/02/13 Pending -- -- --
05/24/2012 05/24/12 For Sale $5,500,000 -- $803 / 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 $5,409 $109,750 $37,500 $72,250
2023 $5,405 $109,750 $37,500 $72,250
2022 $5,216 $109,750 $37,500 $72,250
2021 $5,168 $109,750 $37,500 $72,250
2020 $5,153 $109,750 $37,500 $72,250
2019 $5,160 $109,750 $37,500 $72,250
2018 $4,820 $109,750 $0 $0
2017 $4,615 $109,750 $0 $0
2016 $4,384 $109,750 $0 $0
2015 $4,145 $108,600 $0 $0
2014 $4,115 $108,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Schell

    Seller's Agent in 2013

    Kathleen Schell

    OCEAN ATLANTIC SOTHEBYS

    (302) 841-0549

    9 in this area

    20 Total Sales

    Kathleen Schell
    Section Image
  • Justin Healy

    Seller Co-Listing Agent in 2013

    Justin Healy

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-6610

    10 in this area

    22 Total Sales

    Justin Healy
    Section Image
  • Babs Morales

    Buyer's Agent in 2013

    Babs Morales

    BHHS PenFed (actual)

    (302) 841-0797

    40 in this area

    63 Total Sales

    Babs Morales
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000966442

Bright MLS

APN: 334-08.17-9.00

Delaware Sussex County Rehoboth Beach 19971

56 Ocean Dr, Rehoboth Beach, DE

This home is located at 56 Ocean Dr, Rehoboth Beach, DE 19971 since 24 May 2012 and is currently estimated at $3,568,385, approximately $521 per square foot. This property was built in 1999. 56 Ocean Dr 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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