NOT LISTED FOR SALE

60 Rolling Rd Rehoboth Beach, DE 19971

Estimated Value: $3,926,000 - $4,445,000

0.49 Acre
$8,408,935 Price per Acre
21,344 Sq Ft Lot

Last Sold July 27, 2021

Last sale price $2,160,001

Est. 91% increase in value since last sale

Current estimated payment $22,160/month

8 Days on Market

Highlights

  • Water Oriented
  • Rehoboth Elementary School Rated A
  • 0.49 Acre Lot

About This Lot

As of July 2021

Nice high building lot in sought after Henlopen Acres with older home sitting on property being sold "As Is". One can instantly feel the enchantment that Henlopen Acres offers upon entering this gorgeous community with tree lined streets, gentle rolling roads and beautifully maintained grounds with private security patrol. A marina complete with a kayak launch is just a short stroll as well as the private Beach Club with club house that includes restrooms, kitchen, outdoor shower, expansive deck for sunning or dining plus umbrella and chair service. Take advantage of the many classes/socials offered at the beach club or hit the tennis courts for a friendly game. The community is also home to the Rehoboth Art League that offers classes, studio space and art shows and events open to the public. Just an easy walk to town to take advantage of award-winning restaurants, beautiful boutiques and fun activities for the kids. Bike enthusiasts will enjoy the nearby bike/walking trails transporting you to Lewes and beyond.

Last Agent to Sell the Property

DEBBIE REED

(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 05/22/2021

RE/MAX Realty Group Rehoboth

Last Buyer's Agent

Dave McCarthy

(302) 650-0820 dave@reinrb.com Dave McCarthy & Associates, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,016

Lot Details

  • 0.49 Acre Lot
  • Property is zoned TN

HOA Fees

  • $4 Monthly HOA Fees

Schools

  • Rehoboth Elementary School
  • Beacon Middle School
  • Cape Henlopen High School

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 334-14.09-73.00

Community Details

Overview

  • Henlopen Acres Subdivision

Recreation

  • Water Oriented
  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$3,016

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 93.02

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.49
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21500.00
  • Zoning: TN
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5195373
  • School Tax: 2187.00
  • Tax Annual Amount: 3016.00
  • Assessor Parcel Number: 334-14.09-73.00
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2021
Closed on
Jul 27, 2021
Sold by
Flood Margaret Z and Dover Jennifer F
Bought by
Whang Derek and Whang Elise
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Dave McCarthy
Dave McCarthy & Associates, Inc.
List Price
$2,000,000
Sold Price
$2,160,001
Premium/Discount to List
$160,001
8%
Current Estimated Value
$4,120,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,960,377
Avg. Annual Appreciation
15.36%
Original Mortgage
$1,620,000
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 18, 1984
Bought by
Flood Margaret Z
Source: Public Records
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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
Whang Derek $2,160,001 None Available
Flood Margaret Z $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Whang Derek $1,620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2021 07/27/21 Sold $2,160,001 +8.0% --
05/30/2021 05/30/21 Pending -- -- --
05/22/2021 05/22/21 For Sale $2,000,000 -- --
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
2025 $8,867 $51,450 $24,250 $27,200
2024 $2,854 $51,450 $24,250 $27,200
2023 $2,852 $51,450 $24,250 $27,200
2022 $2,764 $51,450 $24,250 $27,200
2021 $2,741 $51,450 $24,250 $27,200
2020 $2,733 $51,450 $24,250 $27,200
2019 $2,715 $51,450 $24,250 $27,200
2018 $2,259 $51,450 $0 $0
2017 $2,164 $51,450 $0 $0
2016 $2,055 $51,450 $0 $0
2015 $1,964 $51,450 $0 $0
2014 $1,949 $51,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU183686

Bright MLS

APN: 334-14.09-73.00