NOT LISTED FOR SALE

7 Broad Hollow Rehoboth Beach, DE 19971

Estimated Value: $500,681 - $3,091,000

4 Beds
2 Baths
2,090 Sq Ft
$1,026/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $3,200,000 $1,531 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $11,800/month

Highlights

  • Water Oriented
  • 0.53 Acre Lot
  • Rambler Architecture
  • Rehoboth Elementary School Rated A
  • Traditional Floor Plan
  • Wood Flooring

About This Home

As of October 2023

Situated on over a half acre in the highly sought after Henlopen Acres, 7 Broad Hollow is a charming rancher in a prime location. Just two blocks from the private beach, this corner lot includes beautiful mature trees creating a serene setting. Step inside this recently updated rancher to find hardwood floors, freshly painted paneled walls, exposed beams, and a brick surround wood burning fireplace. Additional features include 4 bedrooms, 2 full baths, an updated kitchen with granite countertops and stainless steel appliances, wet bar, and a spacious screened porch. Enjoy walking to all the restaurants and shops that downtown Rehoboth has to offer, the Henlopen Acres Beach Club, marina and Rehoboth Art League.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 10/08/2023

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 10/08/2023

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,255

Year Built

  • Built in 1960

Lot Details

  • 0.53 Acre Lot
  • Corner Lot
  • Property is zoned TOWN CODE

HOA Fees

  • $6 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 3 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Architectural Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,090 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Paneling
  • Beamed Ceilings
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Screens
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Front Loading Washer

Unfinished Basement

  • Exterior Basement Entry
  • Crawl Space

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Screened Patio
  • Porch

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Wall Furnace
  • Propane
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Henlopen Acres HOA
  • Henlopen Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 334-14.09-38.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,255

Year Built

Built in 1960

Lot Details

0

HOA Fees

$6 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1960
  • Building Winterized: No
  • Remarks Public: Situated on over a half acre in the highly sought after Henlopen Acres, 7 Broad Hollow is a charming rancher in a prime location. Just two blocks from the private beach, this corner lot includes beautiful mature trees creating a serene setting. Step inside this recently updated rancher to find hardwood floors, freshly painted paneled walls, exposed beams, and a brick surround wood burning fireplace. Additional features include 4 bedrooms, 2 full baths, an updated kitchen with granite countertops and stainless steel appliances, wet bar, and a spacious screened porch. Enjoy walking to all the restaurants and shops that downtown Rehoboth has to offer, the Henlopen Acres Beach Club, marina and Rehoboth Art League.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Gas, Range Hood, Refrigerator, Washer - Front Loading, Water Heater, Disposal, Microwave
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Floor Plan - Traditional, Upgraded Countertops, Wood Floors, Kitchen - Eat-In, Ceiling Fan(s)
  • Window Features: Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: Beamed Ceilings, Paneled Walls
  • Foundation Details: Crawl Space, Concrete Perimeter
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Laundry Type: Main Floor
  • Total Sq Ft: 2090
  • Living Area Sq Ft: 2090
  • Price Per Sq Ft: 1531.10
  • Above Grade Finished Sq Ft: 2090
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned, Wall Unit
  • Electric Service: Circuit Breakers
  • Heating Fuel: Propane - Leased, Electric
  • Heating Type: Central, Heat Pump(s), Zoned, Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane, Cable Tv
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fees: 75.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: HENLOPEN ACRES
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396895
  • School District Source: Listing Agent
  • Elementary School: REHOBOTH
  • High School: CAPE HENLOPEN
  • Middle Or Junior School: BEACON

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: RS
  • Lot Features: Corner
  • Lot Size Acres: 0.53
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23256.00
  • Outdoor Living Structures: Porch(es), Screened
  • Year Assessed: 2018
  • Zoning: TOWN CODE
  • 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

  • Tax Annual Amount: 2255.00
  • Assessor Parcel Number: 334-14.09-38.00
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 10/02/2023

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2023
Closed on
Oct 2, 2023
Sold by
Lyons Garrett B and Lyons Patricia M
Bought by
Dougherty Thomas
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$3,200,000
Sold Price
$3,200,000
Current Estimated Value
$2,143,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,056,080
Avg. Annual Appreciation
-18.15%

Purchase Details

Listed on
Mar 7, 2019
Closed on
Oct 18, 2019
Sold by
John E Morris Ret
Bought by
Lyons Garrett B and Lyons Patricia M
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.09%
Original Mortgage
$1,200,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Dougherty Thomas $3,200,000 None Listed On Document
Dougherty Thomas $3,200,000 None Listed On Document
Lyons Garrett B $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lyons Garrett B $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2023 10/08/23 For Sale $3,200,000 0.0% $1,531 / Sq Ft
10/02/2023 10/02/23 Sold $3,200,000 +113.3% $1,531 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
10/18/2019 10/18/19 Sold $1,500,000 -8.8% $718 / Sq Ft
08/19/2019 08/19/19 Pending -- -- --
08/13/2019 08/13/19 Price Changed $1,645,000 -2.9% $787 / Sq Ft
03/07/2019 03/07/19 For Sale $1,695,000 -- $811 / 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 $5,140 $32,150 $18,000 $14,150
2024 $1,903 $32,150 $18,000 $14,150
2023 $1,902 $32,150 $18,000 $14,150
2022 $1,847 $32,150 $18,000 $14,150
2021 $1,833 $32,150 $18,000 $14,150
2020 $1,827 $32,150 $18,000 $14,150
2019 $1,808 $32,150 $18,000 $14,150
2018 $1,412 $32,150 $0 $0
2017 $1,352 $32,150 $0 $0
2016 $1,284 $32,150 $0 $0
2015 $1,227 $32,150 $0 $0
2014 $1,218 $32,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2038746

Bright MLS

APN: 334-14.09-38.00