NOT LISTED FOR SALE

7 Park Ave Rehoboth Beach, DE 19971

Estimated Value: $3,341,792 - $4,672,000

4 Beds
5.5 Baths
4,800 Sq Ft
$849/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2014

Last sale price $3,050,000 $635 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $22,108 / mo

20 Days on Market

Highlights

  • Beach
  • Coastal Architecture
  • Great Room
  • Rehoboth Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of October 2014

Exceptional Home w/ Coveted Park Avenue Address! Located Ocean Block, This Spacious Home Has Been Tastefully Renovated & Decorated. Pine Floors Thru-Out, Gourmet Kitchen w/ High-End Appliances & Granite Counters, Front & Rear Porches, 4BRs, Rec Room, Den, Outside Shower & More, Just Steps To Ocean!

Last Agent to Sell the Property

Bryce Lingo

(302) 227-3883 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 07/23/2014

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 227-3883 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Allison Bateman

(302) 227-3883 allison@jacklingo.com Jack Lingo - Rehoboth License #RA-0001921

Jack Lingo - Rehoboth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,478

Year Built

  • Built in 1990

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Landscaped
  • Sprinkler System

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • 4,800 Sq Ft Home
  • Property has 2 Levels
  • Partially Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Great Room
  • Family Room
  • Sitting Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Game Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Screened Patio
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Tankless Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 334-14.09-167.02

Community Details

Overview

  • No Home Owners Association
  • North Rehoboth Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,478

Year Built

Built in 1990

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Partially Furnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1990
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Microwave, Oven/Range - Gas, Range Hood, Refrigerator, Washer, Water Heater - Tankless
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Kitchen - Eat-In, Kitchen - Island, Combination Kitchen/Dining, Pantry, Ceiling Fan(s), Window Treatments
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Foundation Details: Block
  • Level Count: 2
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Kitchen, Game Room, Family Room, Den, Great Room, Laundry, Additional Bedroom
  • Basement: Yes
  • Basement Type: Interior Access, Partial, Partially Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 4800
  • Living Area Sq Ft: 4800
  • Net Sq Ft: 4800.00
  • Price Per Sq Ft: 656.25
  • Above Grade Finished Sq Ft: 4800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Cedar
  • Construction Completed: Yes
  • Exterior Features: Lawn Sprinkler, Outside Shower
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Type Of Parking: Off Street, Driveway, On Street

Utilities

  • Refuse: 255.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Zoned
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach
  • HOA: No

Lot Info

  • Lot Features: Landscaping
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50 X 100
  • Lot Size Units: Acres
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Porch(es), Screened
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3478.00
  • Assessor Parcel Number: 334-14.09-167.02
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2014
Closed on
Oct 1, 2014
Sold by
Ferdinand J Ferdinand J and Crovato Elizabeth A
Bought by
Michael Boyd Harter Revocable Trust
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Allison Bateman
Jack Lingo - Rehoboth
List Price
$3,050,000
Sold Price
$3,050,000
Current Estimated Value
$4,073,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,023,264
Avg. Annual Appreciation
2.54%
Original Mortgage
$1,999,999
Outstanding Balance
$1,532,725
Interest Rate
4.09%
Mortgage Type
Unknown
Estimated Equity
$2,540,539
Source: Public Records
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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
Michael Boyd Harter Revocable Trust $3,050,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael Boyd Harter Revocable Trust $1,999,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2014 10/01/14 Sold $3,050,000 0.0% $635 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $3,050,000 -- $635 / 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 $6,145 $73,750 $12,500 $61,250
2024 $3,635 $73,750 $12,500 $61,250
2023 $3,632 $73,750 $12,500 $61,250
2022 $3,505 $73,750 $12,500 $61,250
2021 $3,473 $73,750 $12,500 $61,250
2020 $3,463 $73,750 $12,500 $61,250
2019 $3,468 $73,750 $12,500 $61,250
2018 $3,239 $73,750 $0 $0
2017 $3,101 $73,750 $0 $0
2016 $2,946 $73,750 $0 $0
2015 $2,815 $73,750 $0 $0
2014 $2,794 $73,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2014

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    160 in this area

    301 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull

    Seller Co-Listing Agent in 2014

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    168 in this area

    264 Total Sales

    Shaun Tull
    Section Image
  • Allison Bateman

    Buyer's Agent in 2014

    Allison Bateman

    Jack Lingo - Rehoboth

    (302) 226-6616

    10 in this area

    15 Total Sales

    Allison Bateman
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000984304

Bright MLS

APN: 334-14.09-167.02

Delaware Sussex County Rehoboth Beach 19971

7 Park Ave, Rehoboth Beach, DE

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