NOT LISTED FOR SALE

Estimated Value: $2,632,125 - $3,394,000

5 Beds
4.5 Baths
3,100 Sq Ft
$984/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $2,450,000 $790 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $16,630/month

6 Days on Market

Highlights

  • Heated In Ground Pool
  • Gourmet Kitchen
  • Coastal Architecture
  • Rehoboth Elementary School Rated A
  • Open Floorplan
  • 3-minute walk to Dune Nature Park

About This Home

As of July 2022

Historic charm and modern-day amenities describe this beautifully appointed 5BR, 4.5BA home on Lake Avenue. Originally built in the early 1900’s and completely rebuilt in 2015, this North Rehoboth home displays the character of Old Rehoboth but features an open and airy floorplan that is sought after in today’s market! The welcoming front porch enhances the curb appeal of this home and offers the ideal setting for relaxation on breezy summer evenings! Upon entry, you will be wowed by the gourmet kitchen with commercial grade stainless appliances, beverage station and the oversized quartz, waterfall island. The dining area and family rooms are open to the kitchen offering the perfect setting for entertaining! The family room is flooded with natural light from the oversized windows and adorned with a gas fireplace and coffered ceilings. The recently added den features ship lapped walls and a separate mini-split system. This space is a great space for a home office, fitness area, or game room, the options are endless! Tasteful finishes include hardwoods throughout, quartz counters, tiled baths with frameless glass doors, oversized primary suite with oversized custom closet and en-suite spa bath complete with a jetted soaking tub. The property also boasts a private rear yard complete with heated pool and paver patio too! Re-built prior to code changes, this home could not be duplicated by today’s building code! All of this and a superb “In-Town” location too. What more could you ask for?

Last Agent to Sell the Property

Bryce Lingo

Jack Lingo - Rehoboth License #RA-0001746 Listed on: 05/20/2022

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Walt Cassel

Dave McCarthy & Associates, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,232

Year Built

  • Built in 1900 | Remodeled in 2015

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 50.00 x 96.00
  • Downtown Location
  • Privacy Fence
  • Landscaped
  • Extensive Hardscape
  • Interior Lot
  • Sprinkler System
  • Back Yard Fenced
  • Property is in excellent condition
  • Property is zoned TN

Home Design

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

Interior Spaces

  • 3,100 Sq Ft Home
  • Property has 2.5 Levels
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • French Doors
  • Family Room
  • Dining Room
  • Wood Flooring
  • Crawl Space
  • Attic

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Private Parking

Outdoor Features

  • Heated In Ground Pool
  • Patio

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Propane
  • 60 Gallon+ Electric Water Heater
  • Municipal Trash
  • Multiple Phone Lines
  • Cable TV Available

Community Details

  • No Home Owners Association
  • North Rehoboth Subdivision

Listing and Financial Details

  • Tax Lot 73
  • Assessor Parcel Number 334-14.17-66.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,232

Year Built

Built in 1900 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Exclusions: Full sized refrigerator in sunroom.
  • Inclusions: All major appliances and fixtures
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1900
  • Year Renovated: 2015
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Historic charm and modern-day amenities describe this beautifully appointed 5BR, 4.5BA home on Lake Avenue. Originally built in the early 1900’s and completely rebuilt in 2015, this North Rehoboth home displays the character of Old Rehoboth but features an open and airy floorplan that is sought after in today’s market! The welcoming front porch enhances the curb appeal of this home and offers the ideal setting for relaxation on breezy summer evenings! Upon entry, you will be wowed by the gourmet kitchen with commercial grade stainless appliances, beverage station and the oversized quartz, waterfall island. The dining area and family rooms are open to the kitchen offering the perfect setting for entertaining! The family room is flooded with natural light from the oversized windows and adorned with a gas fireplace and coffered ceilings. The recently added den features ship lapped walls and a separate mini-split system. This space is a great space for a home office, fitness area, or game room, the options are endless! Tasteful finishes include hardwoods throughout, quartz counters, tiled baths with frameless glass doors, oversized primary suite with oversized custom closet and en-suite spa bath complete with a jetted soaking tub. The property also boasts a private rear yard complete with heated pool and paver patio too! Re-built prior to code changes, this home could not be duplicated by today’s building code! All of this and a superb “In-Town” location too. What more could you ask for?
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Exhaust Fan, Oven/Range - Electric, Refrigerator, Icemaker, Extra Refrigerator/Freezer, Dishwasher, Disposal, Dryer, Microwave, Washer, Water Heater
  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Attic, Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Recessed Lighting, Bathroom - Soaking Tub, Bathroom - Stall Shower, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French
  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2.5
  • Room List: Dining Room, Primary Bedroom, Kitchen, Family Room, Bedroom 1, Laundry, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Upper Floor, Washer In Unit
  • Total Sq Ft: 3100
  • Living Area Sq Ft: 3100
  • Price Per Sq Ft: 806.45
  • Above Grade Finished Sq Ft: 3100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 73

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar, Shake Siding, Stick Built
  • Exterior Features: Extensive Hardscape, Lawn Sprinkler
  • Pool Features: Heated, In Ground
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Private, Concrete Driveway
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ductless/Mini-Split, Zoned
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric, 60+ Gallon Tank
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Multiple Phone Lines, Phone Connected, Propane
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • 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
  • Fencing: Rear, Privacy
  • Land Use Code: RS
  • Lot Features: Interior, Landscaping, Rear Yard
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 96.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4800.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: TN
  • 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

  • School Tax: 1473.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2232.46
  • Assessor Parcel Number: 334-14.17-66.00
  • Tax Lot: 73
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/01/2022

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 1, 2022
Sold by
Ricky Winston
Bought by
I C Read Llc
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Walt Cassel
Dave McCarthy & Associates, Inc.
List Price
$2,500,000
Sold Price
$2,450,000
Premium/Discount to List
-$50,000
-2%
Current Estimated Value
$3,049,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,708
Avg. Annual Appreciation
6.93%

Purchase Details

Listed on
Feb 24, 2018
Closed on
Feb 1, 2019
Sold by
Niemann Ronald and Mccracken Jeffrey P
Bought by
Winston Ricky and Winston Shannon
Seller's Agent
Jeff McCracken
McWilliams/Ballard Inc.
Buyer's Agent
Bryce Lingo
Jack Lingo - Rehoboth
List Price
$1,730,000
Sold Price
$1,617,500
Premium/Discount to List
-$112,500
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.95%

Purchase Details

Closed on
Sep 30, 2015
Bought by
Niemann Mccraken Jeffrey P Ronald

Purchase Details

Closed on
Sep 25, 2015
Bought by
Niemann Mccraken Jeffrey P Ronald

Purchase Details

Closed on
Apr 15, 2014
Bought by
Mccracken Jeffrey P

Purchase Details

Closed on
Dec 10, 2012
Sold by
Dennard F Dennard F
Bought by
73 Lake Avenue Llc
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
I C Read Llc $2,450,000 None Listed On Document
Winston Ricky $1,617,500 --
Niemann Mccraken Jeffrey P Ronald -- --
Niemann Mccraken Jeffrey P Ronald -- --
Mccracken Jeffrey P -- --
73 Lake Avenue Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccracken Jeffrey P $815,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $2,450,000 -2.0% $790 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $2,500,000 +54.6% $806 / Sq Ft
02/01/2019 02/01/19 Sold $1,617,500 -4.8% $568 / Sq Ft
12/14/2018 12/14/18 Pending -- -- --
10/16/2018 10/16/18 Price Changed $1,699,000 -1.8% $596 / Sq Ft
02/24/2018 02/24/18 For Sale $1,730,000 -- $607 / 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
2024 $1,703 $34,550 $14,700 $19,850
2023 $1,701 $34,550 $14,700 $19,850
2022 $1,642 $34,550 $14,700 $19,850
2021 $1,627 $34,550 $14,700 $19,850
2020 $1,622 $34,550 $14,700 $19,850
2019 $1,624 $34,550 $14,700 $19,850
2018 $1,517 $34,550 $0 $0
2017 $1,453 $34,550 $0 $0
2016 $1,380 $34,550 $0 $0
2015 $1,319 $34,550 $0 $0
2014 $798 $21,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2019928

Bright MLS

APN: 334-14.17-66.00