Seller's Agent in 2021
Kathy Newcomb
Coldwell Banker Premier - Rehoboth
(302) 542-4255
25 in this area
177 Total Sales
7 Olive Ave Rehoboth Beach, DE 19971
Estimated Value: $2,645,000 - $3,303,216
5
Beds
4.5
Baths
2,958
Sq Ft
$1,027/Sq Ft
Est. Value
Highlights
- Ocean View
- Water Oriented
- Coastal Architecture
- Rehoboth Elementary School Rated A
- Open Floorplan
- Cathedral Ceiling
About This Home
As of April 2021Your sand castle awaits in North Rehoboth. Looking for an oceanblock rental investment property, look no more. This single family home had rental income exceeding $100,000 in 2018. Owner has kept property in immaculate condition and the returning guests come again and again. This inverted floor plan offers four bedrooms and three baths on the first floor and a second floor with master bedroom and bath, dining area, open kitchen, family room and enclosed porch with ocean views. Being just steps to Rehoboth's boardwalk and beach is a tenant and owner must. North Rehoboth keeps you far enough away from the commercial area yet close enough to easily walk to all of Rehoboth's main attractions. Capitalize on today's low interest rates and this property's successful income stream. A winning combination! Global Luxury!
Last Agent to Sell the Property
(302) 227-5000 rehobothde@premiermove.com Coldwell Banker Premier - Rehoboth License #RA-0003510 Listed on: 05/20/2019
Co-Listed By
(302) 227-5000 rehobothde@premiermove.com Coldwell Banker Premier - Rehoboth
Last Buyer's Agent
(302) 227-4800 debbie@debbiereed.com RE/MAX Realty Group Rehoboth License #RS-0010229
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,400
Year Built
- Built in 1999
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50.00 x 100.00
- Downtown Location
- Sprinkler System
Home Design
- Coastal Architecture
- Entry on the 1st floor
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 2,958 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- 1 Fireplace
- Window Treatments
- Family Room Off Kitchen
- Combination Kitchen and Dining Room
- Ocean Views
Kitchen
- Built-In Oven
- Electric Oven or Range
- Built-In Range
- Built-In Microwave
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
Laundry
- Laundry on main level
- Electric Dryer
- Washer
Parking
- 4 Open Parking Spaces
- Driveway
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Outdoor Grill
Schools
- Cape Henlopen High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Municipal Trash
- Public Septic
- Multiple Phone Lines
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 7
- Assessor Parcel Number 334-14.14-27.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 20, 2019
Closed on
Apr 23, 2021
Sold by
J A Moore & Sons Inc
Bought by
Shidul Llc
Seller's Agent
Kathy Newcomb
Coldwell Banker Premier - Rehoboth
Buyer's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
List Price
$2,499,000
Sold Price
$2,100,000
Premium/Discount to List
-$399,000
-15.97%
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
$938,804
Avg. Annual Appreciation
7.67%
Original Mortgage
$950,000
Outstanding Balance
$859,105
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$2,179,699
Purchase Details
Closed on
Mar 21, 1984
Bought by
J A Moore & Sons Inc
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 |
|---|---|---|---|
| Shidul Llc | $2,100,000 | None Available | |
| J A Moore & Sons Inc | $265,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shidul Llc | $950,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2021 04/23/21 | Sold | $2,100,000 | -7.7% | $710 / Sq Ft |
| 02/25/2021 02/25/21 | Pending | -- | -- | -- |
| 08/27/2019 08/27/19 | Price Changed | $2,274,900 | -9.0% | $769 / Sq Ft |
| 05/20/2019 05/20/19 | For Sale | $2,499,000 | -- | $845 / Sq Ft |
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 | $5,720 | $42,150 | $13,750 | $28,400 |
| 2024 | $2,078 | $42,150 | $13,750 | $28,400 |
| 2023 | $2,076 | $42,150 | $13,750 | $28,400 |
| 2022 | $2,003 | $42,150 | $13,750 | $28,400 |
| 2021 | $1,985 | $42,150 | $13,750 | $28,400 |
| 2020 | $1,979 | $42,150 | $13,750 | $28,400 |
| 2019 | $1,982 | $42,150 | $13,750 | $28,400 |
| 2018 | $1,851 | $42,150 | $0 | $0 |
| 2017 | $1,773 | $42,150 | $0 | $0 |
| 2016 | $1,684 | $42,150 | $0 | $0 |
| 2015 | $1,609 | $42,150 | $0 | $0 |
| 2014 | $1,597 | $42,150 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Newcomb
-
Elizabeth Dorman
Seller Co-Listing Agent in 2021
Elizabeth Dorman
Coldwell Banker Premier - Rehoboth
(302) 381-2777
29 in this area
182 Total Sales
-
DEBBIE REED
Buyer's Agent in 2021
DEBBIE REED
RE/MAX
(302) 227-3818
237 in this area
758 Total Sales
-
Jessica Harrison
Buyer Co-Listing Agent in 2021
Jessica Harrison
Patterson Schwartz
(302) 858-2021
41 in this area
144 Total Sales
Map
Source: Bright MLS
MLS Number: DESU140752
APN: 334-14.14-27.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc.
Nearby Homes
- 10 Virginia Ave
- 8 Olive Ave Unit 111
- 29 Maryland Ave Unit 101
- 527 North Boardwalk Unit 202
- 527 North Boardwalk Unit 205
- 49 Maryland Ave Unit A
- 45 Baltimore Ave
- 58 Maryland Ave Unit 5
- 40 Park Ave
- 16 Delaware Ave
- 28 Delaware Ave
- 50 Wilmington Ave Unit 103
- 19 Brooklyn Ave
- 307 South Boardwalk Unit 605
- 307 S Boardwalk Unit 510
- 118 Philadelphia St
- 3 Laurel St
- 52 Henlopen Ave
- 4 Laurel St Unit 219B
- 69 Henlopen Ave
- 9 Olive Ave
- 5 Olive Ave
- 11 Olive Ave
- 3 Olive Ave
- 10 Virginia Ave Unit 1
- 8 Virginia Ave
- 201 Patrician Towers Unit 201
- 210 Patrician Towers
- 8 Olive Ave Unit 202
- 8 Olive Ave Unit 502
- 8 Olive Ave Unit 405
- 8 Olive Ave Unit 301
- 8 Olive Ave Unit 201
- 8 Olive Ave Unit 210
- 8 Olive Ave Unit 402
- 8 Olive Ave Unit 309
- 8 Olive Ave Unit 302
- 8 Olive Ave Unit 208
- 8 Olive Ave Unit 103
- 8 Olive Ave Unit 403
Your Personal Tour Guide
Ask me questions while you tour the home.