NOT LISTED FOR SALE

603 King Charles Ave Rehoboth Beach, DE 19971

Estimated Value: $2,405,888 - $3,136,000

6 Beds
3.5 Baths
1,500 Sq Ft
$1,791/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $1,150,000 $767 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $14,508/month

55 Days on Market

Highlights

  • Coastal Architecture
  • Wood Burning Stove
  • No HOA
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Stockley Street Park

About This Home

As of May 2016

Fantastic property, one block to the boardwalk! This 6 bedroom home with an efficiency backyard cottage is in a great location on King Charles. One block walk to the sands of Rehoboth and just a few blocks from Rehoboth Avenue make this the perfect location for your beach home. Remodel existing home or create your dream beach house!

Last Agent to Sell the Property

DENISE CAIN

(302) 542-5662 denise.cain@oasir.net Monument Sotheby's International Realty Listed on: 02/13/2016

Monument Sotheby's International Realty

Last Buyer's Agent

Dave McCarthy

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

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 5,000 Sq Ft Lot
  • Zoning described as TOWN CODES

Home Design

  • Coastal Architecture
  • Shake Siding
  • Stick Built Home

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 3 Levels
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Electric Oven or Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Heat Pump System

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-20.06-114.00

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Oven/Range - Electric
  • Flooring Type: Hardwood, Vinyl
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Level Count: 3
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Net Sq Ft: 1500.00
  • Price Per Sq Ft: 860.00
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Shake Siding
  • Construction Completed: Yes
  • Roof: Unknown
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Wood Burn Stove, Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 5000
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Zoning Description: TOWN CODES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5202793
  • Assessor Parcel Number: 334-20.06-114.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2019
Sold by
Mullen David T and Okeiff Emily R
Bought by
Rtm Hldg Llc
Current Estimated Value
$2,687,222

Purchase Details

Listed on
Feb 13, 2016
Closed on
May 19, 2016
Sold by
Cross Charles W and Mullen David T
Bought by
Mullen David T and Okeif Emily R
Seller's Agent
DENISE CAIN
Monument Sotheby's International Realty
Buyer's Agent
Dave McCarthy
Dave McCarthy & Associates, Inc.
List Price
$1,290,000
Sold Price
$1,150,000
Premium/Discount to List
-$140,000
-10.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$862,500
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2016
Sold by
The Perl Donahue Cross Revocable Trust
Bought by
Cross Charles W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rtm Hldg Llc -- --
Mullen David T $1,150,000 None Available
Cross Charles W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mullen David T $862,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2016 05/20/16 Sold $1,150,000 -10.9% $767 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
02/13/2016 02/13/16 For Sale $1,290,000 -- $860 / 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 $4,462 $44,900 $10,000 $34,900
2024 $2,213 $44,900 $10,000 $34,900
2023 $2,211 $44,900 $10,000 $34,900
2022 $2,134 $44,900 $10,000 $34,900
2021 $2,114 $44,900 $10,000 $34,900
2020 $2,108 $44,900 $10,000 $34,900
2019 $1,972 $44,900 $10,000 $34,900
2018 $1,972 $44,900 $0 $0
2017 $1,888 $44,900 $0 $0
2016 $879 $22,000 $0 $0
2015 $840 $22,000 $0 $0
2014 $834 $22,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DENISE CAIN

    Seller's Agent in 2016

    DENISE CAIN

    OCEAN ATLANTIC SOTHEBYS

    (302) 542-5662

    12 in this area

    46 Total Sales

    DENISE CAIN
    Section Image
  • Dave McCarthy

    Buyer's Agent in 2016

    Dave McCarthy

    Dave McCarthy & Associates, Inc.

    (302) 650-0820

    21 in this area

    35 Total Sales

    Dave McCarthy
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001014194

Bright MLS

APN: 334-20.06-114.00

Delaware Sussex County Rehoboth Beach 19971

603 King Charles Ave, Rehoboth Beach, DE

Not Listed for Sale

Detached

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