NOT LISTED FOR SALE

704 King Charles Ave Rehoboth Beach, DE 19971

Estimated Value: $309,340 - $2,293,000

2 Beds
2 Baths
1,200 Sq Ft
$1,323/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $1,950,000 $1,625 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $8,691/month

Highlights

  • No HOA
  • Cottage
  • 4-minute walk to Stockley Street Park
  • Rehoboth Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

Welcome to 704 King Charles Ave. This 2 bedroom, 2 bath home sets on a 38 x 100 lot on a prime beach block in South Rehoboth. The existing house has been used as a vacation rental and second home, but the lot has great development potential.

Last Agent to Sell the Property

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office Listed on: 05/16/2024

Last Buyer's Agent

Scott Wagner

(302) 727-1981 scottwagnerhomes@gmail.com Keller Williams Realty License #RS-0022935

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,337

Year Built

  • Built in 1960

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 38.00 x 100.00
  • Property is in average condition
  • Property is zoned TN

Home Design

  • Cottage
  • Block Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 2 Levels
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 334-20.06-35.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,337

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1960
  • Remarks Public: Welcome to 704 King Charles Ave. This 2 bedroom, 2 bath home sets on a 38 x 100 lot on a prime beach block in South Rehoboth. The existing house has been used as a vacation rental and second home, but the lot has great development potential.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 1625.00
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 704

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Frame
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: CAPE HENLOPEN
  • School District Key: 300200396895
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 999
  • Lot Size Acres: 0.08
  • Lot Dimensions: 38.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Average
  • Year Assessed: 2023
  • Zoning: TN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 697.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1337.00
  • Assessor Parcel Number: 334-20.06-35.00
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/16/2024

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2024
Sold by
Gomes Raymond and Gomes Joann M
Bought by
Gomes Raymond and Gomes Joann M
Current Estimated Value
$1,587,585

Purchase Details

Listed on
May 16, 2024
Closed on
May 16, 2024
Sold by
Trust Of Barbara J Hutton and Hutton James Edward
Bought by
Gomes Raymond and Gomes Joann M
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Scott Wagner
Keller Williams Realty
List Price
$1,950,000
Sold Price
$1,950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.01%

Purchase Details

Closed on
Sep 28, 2015
Sold by
Hutton Barbara J
Bought by
Barbara J Hutton Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Gomes Raymond -- None Listed On Document
Gomes Raymond -- None Listed On Document
Gomes Raymond $1,950,000 None Listed On Document
Barbara J Hutton Revocable Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $1,950,000 0.0% $1,625 / Sq Ft
05/16/2024 05/16/24 For Sale $1,950,000 -- $1,625 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
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 $3,282 $15,550 $9,250 $6,300
2024 $766 $15,550 $9,250 $6,300
2023 $766 $15,550 $9,250 $6,300
2022 $739 $15,550 $9,250 $6,300
2021 $732 $15,550 $9,250 $6,300
2020 $730 $15,550 $9,250 $6,300
2019 $731 $15,550 $9,250 $6,300
2018 $683 $15,550 $0 $0
2017 $654 $15,550 $0 $0
2016 $621 $15,550 $0 $0
2015 $594 $15,550 $0 $0
2014 $589 $15,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Wagner

    Buyer's Agent in 2024

    Scott Wagner

    Keller Williams Realty

    (302) 727-1981

    24 in this area

    83 Total Sales

    Scott Wagner
    Section Image

  • R

    Buyer Co-Listing Agent in 2024

    Robert Spinazzola

    Keller Williams Realty

    6 in this area

    7 Total Sales

    Robert Spinazzola
    Section Image
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Map

Source: Bright MLS

MLS Number: DESU2062704

Bright MLS

APN: 334-20.06-35.00

Delaware Sussex County Rehoboth Beach 19971

704 King Charles Ave, Rehoboth Beach, DE

This home is located at 704 King Charles Ave, Rehoboth Beach, DE 19971 since 16 May 2024 and is currently estimated at $1,587,585, approximately $1,322 per square foot. This property was built in 1960. 704 King Charles Ave is a home located in Sussex County with nearby schools including Rehoboth Elementary School, Mariner Middle School, and Cape Henlopen High School.

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