Seller's Agent in 2023
Bryce Lingo
Jack Lingo - Rehoboth
(302) 226-6417
204 in this area
395 Total Sales
3 Laurel St Rehoboth Beach, DE 19971
Estimated Value: $578,623 - $3,785,000
0.11
Acre
$20,926,418
Price per Acre
5,000
Sq Ft Lot
Highlights
- Ocean View
- Water Oriented
- No HOA
- Rehoboth Elementary School Rated A
- Building is oceanfront but unit may not have water views
About This Lot
As of May 2023Build the home of your dreams in the ocean block South Rehoboth with potential for ocean views and breezes! This rarely available 50'x 100' building lot on Laurel Street has already been cleared, graded and ready for construction. Just one lot off the beach, this property is less than 150 feet to the boardwalk and beach, and within walking distance to the many shops and restaurants that line Rehoboth Avenue.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,504
Year Built
- 2023
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50.00 x 100.00
- Building is oceanfront but unit may not have water views
- Cleared Lot
- Property is zoned TN
Property Views
- Ocean Views
Schools
- Rehoboth Elementary School
- Beacon Middle School
- Cape Henlopen High School
Utilities
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 334-14.18-95.01
Community Details
Overview
- No Home Owners Association
- South Rehoboth Subdivision
Recreation
- Water Oriented
- Property is near an ocean
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2022
Closed on
May 16, 2023
Sold by
Revocable Trust
Bought by
3 Laurel Revex Llc
Seller's Agent
Bryce Lingo
Jack Lingo - Rehoboth
Buyer's Agent
Jordan Geyer
Jack Lingo - Rehoboth
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%
Total Days on Market
202
Views
170
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
$601,906
Avg. Annual Appreciation
16.91%
Original Mortgage
$2,800,000
Outstanding Balance
$2,735,619
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
-$433,713
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 |
|---|---|---|---|
| 3 Laurel Revex Llc | $1,700,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 3 Laurel Revex Llc | $2,800,000 | |
| Previous Owner | Emmalane R Ewing Ret | $285,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/18/2023 05/18/23 | Sold | $1,700,000 | -5.3% | -- |
| 01/20/2023 01/20/23 | Pending | -- | -- | -- |
| 11/17/2022 11/17/22 | Price Changed | $1,795,000 | -5.3% | -- |
| 09/23/2022 09/23/22 | Price Changed | $1,895,000 | -5.0% | -- |
| 07/02/2022 07/02/22 | For Sale | $1,995,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,395 | $16,600 | $12,500 | $4,100 |
| 2023 | $817 | $16,600 | $12,500 | $4,100 |
| 2022 | $789 | $16,600 | $12,500 | $4,100 |
| 2021 | $782 | $16,600 | $12,500 | $4,100 |
| 2020 | $779 | $16,600 | $12,500 | $4,100 |
| 2019 | $773 | $16,600 | $12,500 | $4,100 |
| 2018 | $729 | $16,600 | $0 | $0 |
| 2017 | $698 | $16,600 | $0 | $0 |
| 2016 | $663 | $16,600 | $0 | $0 |
| 2015 | $634 | $16,600 | $0 | $0 |
| 2014 | $629 | $16,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bryce Lingo
-
Shaun Tull
Seller Co-Listing Agent in 2023
Shaun Tull
Jack Lingo - Rehoboth
(302) 226-6417
183 in this area
297 Total Sales
-
Jordan Geyer
Buyer's Agent in 2023
Jordan Geyer
Jack Lingo - Rehoboth
(302) 745-8286
5 in this area
12 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2024544
APN: 334-14.18-95.01
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 2025 Bright MLS, Inc.
Nearby Homes
- 19 Laurel St
- 24 Brooklyn Ave Unit E
- 1 New Castle St
- 106A Philadelphia St
- 108 Philadelphia St Unit B
- 108 Laurel St
- 505 South Boardwalk
- 50 Wilmington Ave Unit 103
- 203 Bayard Ave
- 30 Maryland Ave
- 209 New Castle St
- 8 Olive Ave Unit 102
- 8 Olive Ave Unit 205
- 200 Norfolk St
- 205 Norfolk St
- 51 Maryland Ave
- 0 2nd St Unit DESU2079832
- 1 Virginia Ave Unit 217
- 109 Country Club Dr
- 63 Lake Ave