NOT LISTED FOR SALE

Estimated Value: $2,894,000 - $4,104,000

4 Beds
6 Baths
4,800 Sq Ft
$691/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2020

Last sale price $2,630,000 $548 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $17,907 / mo

65 Days on Market

Highlights

  • Canoe or Kayak Water Access
  • Fishing Allowed
  • Lake View
  • Rehoboth Elementary School Rated A
  • Gourmet Kitchen
  • Open Floorplan

About This Home

As of February 2020

Beautifully designed and masterfully crafted waterfront home in Rehoboth Beach. Welcome to 6 Silver Lane, with serene views from every angle. This one of a kind, custom home was designed to showcase the natural beauty of Silver Lake on every level. Colorful sunrises and picturesque sunsets greet from every room. A spacious, open living area is the perfect backdrop, featuring stunning hardwood floors, sleek and modern gas fireplace and tray ceilings. Enter into a gourmet kitchen with top of the line appliances, island and additional space for a bistro dining area with amazing views. A lakefront sunroom with deck access makes for a flexible dining area with plenty of room for entertaining guests or relaxing to the tranquil sound of wildlife on Silver Lake. The private 1st floor master bedroom features his & her closets, gas fireplace, and a beautiful bay window rising up above the lake. The lower level features a sizable bar, wine fridge, designer lighting and custom floors, with substantial unfinished space for storage. A full-sized elevator provides convenience with access to all 3 levels. The lower-level walkout patio features a leveled paver seating area with custom strand lighting. . All just steps to the beautiful Silver Lake bridge and downtown Rehoboth Beach.

Last Agent to Sell the Property

Cheryl Lynn Crowe

(302) 227-3883 cheryl@jacklingo.com Jack Lingo - Rehoboth License #RS-0020914 Listed on: 11/16/2019

Jack Lingo - Rehoboth

Last Buyer's Agent

Tyson Mayers

(302) 360-0300 tysonmayers@gmail.com Keller Williams Realty

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,727

Year Built

  • Built in 2013

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60.00 x 123.00
  • East Facing Home
  • Extensive Hardscape
  • No Through Street
  • Cleared Lot
  • Property is in very good condition
  • Property is zoned TN

Parking

  • 1 Car Attached Garage
  • 4 Open Parking Spaces
  • Rear-Facing Garage
  • Brick Driveway
  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Entry on the 1st floor
  • Combination Foundation
  • Block Foundation
  • Stone Foundation
  • Architectural Shingle Roof
  • Stone Siding
  • Concrete Perimeter Foundation
  • HardiePlank Type
  • Stick Built Home
  • Masonry

Interior Spaces

  • 4,800 Sq Ft Home
  • Property has 3 Levels
  • 1 Elevator
  • Open Floorplan
  • Built-In Features
  • Bar
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Fireplace With Glass Doors
  • Insulated Windows
  • Window Screens
  • Family Room Off Kitchen
  • Dining Area
  • Game Room
  • Lake Views

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Microwave
  • Extra Refrigerator or Freezer
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry on main level
  • Front Loading Dryer
  • Front Loading Washer

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Shelving
  • Space For Rooms
  • Basement Windows

Home Security

  • Exterior Cameras
  • Alarm System
  • Storm Windows

Accessible Home Design

  • Accessible Elevator Installed
  • Wheelchair Height Shelves
  • Mobility Improvements
  • Modifications for wheelchair accessibility

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Rip-Rap
  • Shared Waterfront

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Propane Water Heater
  • Municipal Trash
  • Public Septic

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 334-20.05-330.00

Community Details

Overview

  • No Home Owners Association
  • Silver Lake Shores HOA
  • Silver Lake Shores Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,727

Year Built

Built in 2013

Lot Details

6,970 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Accessibility Features: Elevator, Mobility Improvements, Wheelchair Height Shelves, Wheelchair Mod
  • Ownership: Fee Simple
  • Exclusions: Fleur de Lis chandelier in 1st floor MBR. Select furnishings may be sold or included with acceptable offer.
  • Inclusions: All major appliances & fixtures.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2019-11-20
  • Federal Flood Zone: No
  • Year Built: 2013
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Front Loading, Extra Refrigerator/Freezer, Freezer, Microwave, Oven/Range - Gas, Stainless Steel Appliances, Washer - Front Loading, Water Heater
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Bar, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Elevator, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Pantry, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Insulated, Screens, Storm
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Block, Concrete Perimeter, Stone
  • Levels Count: 3+
  • Room List: Game Room
  • Basement: Yes
  • Basement Type: Walkout Level, Unfinished, Combination, Fully Finished, Improved, Interior Access, Outside Entrance, Shelving, Space For Rooms, Windows
  • Laundry Type: Main Floor
  • Total Sq Ft: 4800
  • Living Area Sq Ft: 4800
  • Price Per Sq Ft: 582.29
  • Above Grade Finished Sq Ft: 4800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Hardiplank Type, Masonry, Stick Built, Stone
  • Exterior Features: Extensive Hardscape, Outside Shower
  • Roof: Architectural Shingle
  • Spa: No
  • View: Lake
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Private Access
  • Water Access: Yes
  • Water Body Name: Silver Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Parking Features: Private, Brick Driveway
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane
  • Security: Exterior Cameras, Electric Alarm
  • Sewer/Septic System: Public Septic
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Name: SILVER LAKE SHORES
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: No Thru Street, Rip-Rapped, Cleared
  • Lot Size Acres: 0.16
  • Lot Dimensions: 60.00 x 123.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Property Condition: Very Good
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 3167.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4727.00
  • Assessor Parcel Number: 334-20.05-330.00
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Shared

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Riesco Family Revocable Living Trust and Riesco Luis A
Bought by
Riesco Family Revocable Living Trust and Riesco
Current Estimated Value
$3,317,328

Purchase Details

Closed on
Apr 16, 2020
Sold by
Riesco Luis A and Riesco Melissa K
Bought by
Riesco Ret

Purchase Details

Listed on
Nov 16, 2019
Closed on
Feb 13, 2020
Sold by
A Joseph Levy Ret
Bought by
Riesco Luis A and Riesco Melissa K
Seller's Agent
Cheryl Lynn Crowe
Jack Lingo - Rehoboth
Buyer's Agent
Tyson Mayers
Keller Williams Realty
List Price
$2,795,000
Sold Price
$2,630,000
Premium/Discount to List
-$165,000
-5.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Original Mortgage
$1,972,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2010
Bought by
Levy A Joseph (Trustee) Veda J Levy (Trustee)

Purchase Details

Closed on
Mar 19, 2009
Bought by
Levy A Joseph (Trustee) Veda J Levy (Trustee)
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Riesco Family Revocable Living Trust -- None Listed On Document
Riesco Ret -- None Available
Riesco Luis A $2,630,000 None Available
Levy A Joseph (Trustee) Veda J Levy (Trustee) $1,175,000 --
Levy A Joseph (Trustee) Veda J Levy (Trustee) $1,175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riesco Luis A $1,972,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $2,630,000 -5.9% $548 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
11/16/2019 11/16/19 For Sale $2,795,000 -- $582 / Sq Ft
Source: Bright MLS

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 $3,832 $74,400 $10,600 $63,800
2024 $3,667 $74,400 $10,600 $63,800
2023 $3,664 $74,400 $10,600 $63,800
2022 $3,536 $74,400 $10,600 $63,800
2021 $3,504 $74,400 $10,600 $63,800
2020 $3,493 $74,400 $10,600 $63,800
2019 $3,498 $74,400 $10,600 $63,800
2018 $3,267 $74,400 $0 $0
2017 $3,129 $74,400 $0 $0
2016 $2,972 $74,400 $0 $0
2015 $2,840 $74,400 $0 $0
2014 $2,819 $74,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DESU151406

Bright MLS

APN: 334-20.05-330.00

Your Personal Tour Guide

Ask me questions while you tour the home.