Seller's Agent in 2021
Bryce Lingo
Jack Lingo - Rehoboth
(302) 226-6417
167 in this area
314 Total Sales
61 Ocean Dr Rehoboth Beach, DE 19971
Estimated Value: $4,372,367 - $6,023,000
7
Beds
5.5
Baths
6,000
Sq Ft
$833/Sq Ft
Est. Value
Highlights
- Marina
- Ocean View
- Water Oriented
- Rehoboth Elementary School Rated A
- Spa
- Building is oceanfront but unit may not have water views
About This Home
As of November 2021Modern Masterpiece describes this distinguished home located at 61 Ocean Drive in the prestigious North Shores community. This property features a superb location offering the utmost convenience to the community’s private beach, community pool, marina, tennis courts and to the popular Gordon’s Pond Trail. Situated on a spacious perimeter parcel adjacent to Cape Henlopen State Park allows for extreme privacy and views for miles. Originally built in the 60’s and completely revamped between 2001 and 2006, this home leaves little to the imagination. Designed by architect John Mateyko and built by Ocean View based builder, Jelock Builders, this 7-bedroom 5.5 bath home is like no other in the area. Attention to design offers endless views of the ocean and state park from almost every room and living space of this +/- 6,000 square foot home. Soaring ceilings, exposed beams, many windows, maple floors, cabinetry, built-ins, and contemporary lines compliment this unique floor plan complete with a private guest wing. Multi-levels of balconies, screened porches and sundecks offer space for all guests. The spacious yard offers fun and entertainment for all complete with a hot tub, Bocce Ball court, horseshoe pit, and badminton court. This home was featured in the 2018 Delaware Beach Life as “Modernism and Maple”.
Last Agent to Sell the Property
(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 11/09/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,040
Year Built
- Built in 1962 | Remodeled in 2003
Lot Details
- 0.52 Acre Lot
- Lot Dimensions are 160.00 x 144.00
- Building is oceanfront but unit may not have water views
- Landscaped
- Corner Lot
- Partially Wooded Lot
- Backs to Trees or Woods
- Property is in very good condition
- Property is zoned AR-1
HOA Fees
- $200 Monthly HOA Fees
Property Views
- Ocean
- Woods
Home Design
- Coastal Architecture
- Contemporary Architecture
- Architectural Shingle Roof
- Wood Siding
- Piling Construction
- Stick Built Home
- Cedar
Interior Spaces
- 6,000 Sq Ft Home
- Property has 2 Levels
- Cathedral Ceiling
- Ceiling Fan
- 2 Fireplaces
- Includes Fireplace Accessories
- Gas Fireplace
- Window Screens
- Insulated Doors
- Great Room
- Home Office
Kitchen
- Built-In Oven
- Cooktop with Range Hood
- Extra Refrigerator or Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Slate Flooring
- Ceramic Tile
Bedrooms and Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Home Security
- Intercom
- Storm Windows
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 16 Parking Spaces
- 8 Driveway Spaces
- Gravel Driveway
Accessible Home Design
- Accessible Elevator Installed
Eco-Friendly Details
- Solar owned by a third party
- Heating system powered by active solar
Pool
- Spa
- Outdoor Shower
Outdoor Features
- Water Oriented
- Property is near an ocean
- Sport Court
- Multiple Balconies
- Deck
- Screened Patio
- Exterior Lighting
- Shed
- Wrap Around Porch
Location
- Flood Risk
- Property is near park
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Powered By Leased Propane
- Vented Exhaust Fan
- Electric Baseboard Heater
- Geothermal Heating and Cooling
- 220 Volts
- Propane
- Electric Water Heater
- Multiple Phone Lines
- Cable TV Available
Listing and Financial Details
- Tax Lot 119
- Assessor Parcel Number 334-08.17-40.00
Community Details
Overview
- Association fees include common area maintenance, management, pool(s)
- North Shores Board Of Governors HOA
- Built by James Lockhard
- North Shores Subdivision, Custom Floorplan
- Property Manager
Recreation
- Marina
- Beach
- Tennis Courts
- Community Pool
Additional Features
- Common Area
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2021
Closed on
Nov 2, 2021
Sold by
Robert E Gallamore Ret
Bought by
Hamid Reza Moinamin Ret
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Tjark Bateman
Jack Lingo - Rehoboth
List Price
$4,200,000
Sold Price
$4,000,000
Premium/Discount to List
-$200,000
-4.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$998,092
Avg. Annual Appreciation
5.24%
Original Mortgage
$2,000,000
Outstanding Balance
$1,809,079
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$3,189,013
Purchase Details
Closed on
Aug 2, 2021
Sold by
Gallmore Robert E
Bought by
Suellen Gallamore Ret
Purchase Details
Closed on
Apr 5, 1996
Bought by
Gallamore Robert E and Suellen Gallam
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hamid Reza Moinamin Ret | $4,000,000 | None Available | |
| Suellen Gallamore Ret | -- | None Available | |
| Gallmore Robert E | -- | None Available | |
| Gallamore Robert E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hamid Reza Moinamin Ret | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2021 11/09/21 | For Sale | $4,200,000 | +5.0% | $700 / Sq Ft |
| 11/06/2021 11/06/21 | Sold | $4,000,000 | -- | $667 / Sq Ft |
| 11/06/2021 11/06/21 | Pending | -- | -- | -- |
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 | $8,882 | $64,550 | $10,000 | $54,550 |
| 2024 | $3,396 | $64,550 | $10,000 | $54,550 |
| 2023 | $3,179 | $64,550 | $10,000 | $54,550 |
| 2022 | $3,068 | $64,550 | $10,000 | $54,550 |
| 2021 | $2,640 | $64,550 | $10,000 | $54,550 |
| 2020 | $2,631 | $64,550 | $10,000 | $54,550 |
| 2019 | $2,635 | $64,550 | $10,000 | $54,550 |
| 2018 | $2,435 | $64,550 | $0 | $0 |
| 2017 | $2,715 | $64,550 | $0 | $0 |
| 2016 | $2,078 | $64,550 | $0 | $0 |
| 2015 | $1,964 | $64,550 | $0 | $0 |
| 2014 | $1,946 | $64,550 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bryce Lingo
-
Shaun Tull
Seller Co-Listing Agent in 2021
Shaun Tull
Jack Lingo - Rehoboth
(302) 226-6417
170 in this area
268 Total Sales
-
Tjark Bateman
Buyer's Agent in 2021
Tjark Bateman
Jack Lingo - Rehoboth
(302) 745-0018
42 in this area
81 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2008882
APN: 334-08.17-40.00
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