NOT LISTED FOR SALE

9 Hickman St Rehoboth Beach, DE 19971

Estimated Value: $2,837,801 - $3,700,000

8 Beds
4 Baths
3,100 Sq Ft
$1,053/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $1,855,000 $598 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $17,588/month

2 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • Deck
  • Rehoboth Elementary School Rated A
  • Coastal Architecture
  • Wood Flooring

About This Home

As of October 2018

Great investment opportunity! Just steps to the beach from this ocean block location in South Rehoboth. This property consists of two separate structures totaling four charming and well maintained 2 bedroom, 1 bath units situated on an oversized lot (7,075 SF) that is highly desired in Rehoboth Beach. In addition, this property boasts 4 off street rear parking spaces, bike rack, grilling area, outdoor shower, a shared remodeled laundry room and more. 2017 produced $130,000 in weekly rental income.

Last Agent to Sell the Property

Bryce Lingo

(302) 226-6417 bryce@rbre.com Jack Lingo - Rehoboth License #RA-0001746 Listed on: 08/10/2018

Jack Lingo - Rehoboth

Co-Listed By

Shaun Tull

(302) 226-6417 shaun@rbre.com Jack Lingo - Rehoboth License #RS-0016284

Last Buyer's Agent

Joseph Maggio

(302) 381-2268 joe@maggiorealty.com Dave McCarthy & Associates, Inc. License #RA-0020900

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,875

Year Built

  • Built in 1920

Lot Details

  • 7,096 Sq Ft Lot
  • Property is zoned TOWN CODES

Home Design

  • Coastal Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Asbestos

Interior Spaces

  • 3,100 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Window Treatments
  • Ocean Views
  • Storm Doors

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Private Parking
  • Gravel Driveway
  • Parking Lot

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • South Rehoboth Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 334-14.18-108.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,875

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: East of Rt 1
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: All major appliances and fixtures
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Window Treatments, Kitchen - Eat-In, Ceiling Fan(s)
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 3100
  • Living Area Sq Ft: 3100
  • Price Per Sq Ft: 611.29
  • Above Grade Finished Sq Ft: 3100
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 8
  • Main Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Asbestos
  • Exterior Features: Outside Shower, Sidewalks
  • Roof: Asphalt, Shingle
  • Spa: No
  • View: Ocean
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Private, Gravel Driveway
  • Type Of Parking: Driveway, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • 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
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7096.00
  • Outdoor Living Structures: Deck(s), Enclosed, Porch(es), Screened
  • Zoning: TOWN CODES
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 130000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 1874.93
  • Assessor Parcel Number: 334-14.18-108.00
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Expense List: Total Tax Bill

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2018
Closed on
Oct 12, 2018
Sold by
Whaling Cottage Llc
Bought by
Knod George A
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Joseph Maggio
Dave McCarthy & Associates, Inc.
List Price
$1,895,000
Sold Price
$1,855,000
Premium/Discount to List
-$40,000
-2.11%
Current Estimated Value
$3,264,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,409,267
Avg. Annual Appreciation
8.19%
Original Mortgage
$999,999
Outstanding Balance
$865,865
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$2,398,402

Purchase Details

Closed on
Dec 31, 2014
Sold by
Donald J Donald J
Bought by
Whaling Cottage Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Knod George A $1,855,000 --
Whaling Cottage Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knod George A $999,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $1,855,000 -2.1% $598 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $1,895,000 -- $611 / 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
2025 $5,017 $29,100 $14,350 $14,750
2024 $2,312 $29,100 $14,350 $14,750
2023 $2,310 $29,100 $14,350 $14,750
2022 $2,229 $29,100 $14,350 $14,750
2021 $915 $29,100 $14,350 $14,750
2020 $1,366 $29,100 $14,350 $14,750
2019 $1,368 $29,100 $14,350 $14,750
2018 $1,278 $29,100 $0 $0
2017 $1,224 $29,100 $0 $0
2016 $1,162 $29,100 $0 $0
2015 $1,111 $29,100 $0 $0
2014 $1,103 $29,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryce Lingo

    Seller's Agent in 2018

    Bryce Lingo

    Jack Lingo - Rehoboth

    (302) 226-6417

    176 in this area

    325 Total Sales

    Bryce Lingo
    Section Image
  • Shaun Tull

    Seller Co-Listing Agent in 2018

    Shaun Tull

    Jack Lingo - Rehoboth

    (302) 226-6417

    171 in this area

    271 Total Sales

    Shaun Tull
    Section Image
  • Joseph Maggio

    Buyer's Agent in 2018

    Joseph Maggio

    Dave McCarthy & Associates, Inc.

    (302) 381-2268

    38 in this area

    94 Total Sales

    Joseph Maggio
    Section Image
  • Kim Hitchens

    Buyer Co-Listing Agent in 2018

    Kim Hitchens

    Dave McCarthy & Associates, Inc.

    (302) 381-1071

    28 in this area

    90 Total Sales

    Kim Hitchens
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002149072

Bright MLS

APN: 334-14.18-108.00

Delaware Sussex County Rehoboth Beach 19971

9 Hickman St, Rehoboth Beach, DE

Not Listed for Sale

Detached

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