Seller's Agent in 2019
DEBBIE REED
RE/MAX
(302) 227-3818
273 in this area
834 Total Sales
7 Lake Ave Rehoboth Beach, DE 19971
Estimated Value: $286,638 - $2,843,000
6
Beds
3
Baths
--
Sq Ft
4,996
Sq Ft Lot
Highlights
- Building is oceanfront but unit may not have water views
- No HOA
- Forced Air Heating System
- Rehoboth Elementary School Rated A
- Cottage
- 1-minute walk to Lake Gerar Park
About This Home
As of July 2019Excellent opportunity to own this seaside cottage beach block with amazing ocean views. The welcoming front porch leads to 6 bedrooms and 3 full baths, living room with fireplace, dining room, butler's pantry, kitchen, sun room, screened porch and more! Second floor deck to enjoy the amazing ocean views! Excellent Value! Sold As Is!
Last Agent to Sell the Property
(302) 227-3818 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229 Listed on: 01/22/2019
Co-Listed By
(302) 363-5734 cyndi@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0016264
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,548
Lot Details
- 4,996 Sq Ft Lot
- Building is oceanfront but unit may not have water views
Parking
- Driveway
Home Design
- Cottage
Bedrooms and Bathrooms
Utilities
- Forced Air Heating System
- Heating System Powered By Leased Propane
Additional Features
- Property has 2 Levels
- Flood Risk
Community Details
- No Home Owners Association
- North Rehoboth Subdivision
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 334-14.14-4.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2019
Closed on
Aug 16, 2019
Sold by
Nrt Holdings Llc
Bought by
7 Lake Llc
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Russell Stucki
RE/MAX Realty Group Rehoboth
List Price
$1,800,000
Sold Price
$1,500,000
Premium/Discount to List
-$300,000
-16.67%
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
$462,879
Avg. Annual Appreciation
4.41%
Purchase Details
Listed on
Jan 22, 2019
Closed on
Jul 9, 2019
Sold by
Royal Cabana Llc
Bought by
Nrt Holdings Llc
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Russell Stucki
RE/MAX Realty Group Rehoboth
List Price
$1,800,000
Sold Price
$1,500,000
Premium/Discount to List
-$300,000
-16.67%
Purchase Details
Closed on
Feb 13, 2017
Sold by
Patterson Thomas Edward
Bought by
Royal Cabana Llc A Delaware Limited Liab
Purchase Details
Closed on
Oct 4, 1990
Bought by
Patterson Thomas Edward
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 7 Lake Llc | -- | -- | |
| Nrt Holdings Llc | $1,500,000 | -- | |
| Royal Cabana Llc A Delaware Limited Liab | -- | None Available | |
| Patterson Thomas Edward | $225,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2019 07/09/19 | Sold | $1,500,000 | +1.7% | -- |
| 06/20/2019 06/20/19 | Pending | -- | -- | -- |
| 05/16/2019 05/16/19 | Price Changed | $1,475,000 | -15.7% | -- |
| 02/19/2019 02/19/19 | Price Changed | $1,749,999 | -2.8% | -- |
| 01/22/2019 01/22/19 | For Sale | $1,800,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,780 | $22,650 | $15,000 | $7,650 |
| 2024 | $1,116 | $22,650 | $15,000 | $7,650 |
| 2023 | $1,115 | $22,650 | $15,000 | $7,650 |
| 2022 | $1,077 | $22,650 | $15,000 | $7,650 |
| 2021 | $1,067 | $22,650 | $15,000 | $7,650 |
| 2020 | $1,063 | $22,650 | $15,000 | $7,650 |
| 2019 | $1,065 | $22,650 | $15,000 | $7,650 |
| 2018 | $995 | $22,650 | $0 | $0 |
| 2017 | $953 | $22,650 | $0 | $0 |
| 2016 | $905 | $22,650 | $0 | $0 |
| 2015 | $865 | $22,650 | $0 | $0 |
| 2014 | $858 | $22,650 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
DEBBIE REED
-
Cyndi Marsh
Seller Co-Listing Agent in 2019
Cyndi Marsh
RE/MAX
(302) 363-5734
25 in this area
71 Total Sales
-
Russell Stucki
Buyer's Agent in 2019
Russell Stucki
RE/MAX
(302) 228-7871
14 in this area
101 Total Sales
Map
Source: Bright MLS
MLS Number: DESU129740
APN: 334-14.14-4.00
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