See Home Value
$2,200,000
House - Off Market

15 LAKE AVE

REHOBOTH BEACH, DE 19971
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1775 Sqft
$2,504,192
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Unrivaled Atlantic Ocean and Lake Gerar Park views from this ocean block classic North Rehoboth Beach home just a few hundred feet from the beach and boardwalk. All the heavy lifting is done, including new windows, new roof and new HVAC.  Add some cosmetic touches and this home would be a fabulous rental.  First floor features a bedroom with a half- bath/laundry that could be expanded to the adjoining utility room. Second floor has two more bedrooms, a full bathroom with skylight, a living room with wood-burning fireplace and custom built-in shelving with two full sliding glass doors leading to a covered porch that can't be replicated with today's code.  The working galley kitchen opens to a dining area that easily seats 8 with bench storage and leads to a bright tiled sun room and rear deck.  Private third floor is a primary bedroom and full bath with its own personal deck overlooking  paradise.  Outdoor features include two outdoor showers, two storage sheds and a storage closet for all the beach essentials, a rear porch (easily screened) on first floor, a rear upper deck, a second floor large covered porch (also easily screened) and a third floor deck for some of the best orchestra seats in town. Improvements in 2022 to this well-cared-for home include new windows  (cranks and screens in shed),  new siding, new hot water heater & new fireplace cap.   Operational exterior elevator lift installed that goes from first to second floor.   Knotty pine walls, open staircases and coastal furnishings  - this property exudes cherished memories.  The Boardwalk, Rehoboth Beach activities, the recently renovated playground, dining and more are so conveniently close. Original owners never rented and enjoyed the home's amazing location for years. Rental estimates up to $8,500-$9,000 per week.
Unit Size
1,775Ft²
Days on Market
60 days
Land Size
0.11 acres
Price per sqft
$1,408
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
-
Last updated: 2 years ago (Bright MLS #DESU2039148)

Price History

Date / Event Date Event Price
Jun 8, 2023 Sold $2,200,000
Sold
May 30, 2023 In contract -
In contract
Apr 8, 2023 Listed by Jack Lingo - Rehoboth $2,500,000
Listed by Jack Lingo - Rehoboth

Property Highlights

Air Conditioning
Fireplace
Elevator
With View

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REHOBOTH BEACH
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKE AVE LOT 15 REH BCH CP MTG ASSN

Ownership

  • Current Owner : CLAVIER PROPERTY HOLDINGS LLC
  • Previous Owner : 15 LAKE PROPERTIES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cape Henlopen School District
  • School Tax School District: CAPE HENLOPEN
  • Census Tract: 051101

Zoning

  • Zoning: TN

Geography

  • District: CAPE HENLOPE
  • Parcel: 334-14.13-323.00
  • Lot: 15
  • Municipality: 19971
  • Latitude: 38.7221
  • Longitude: -75.0785

    Address

  • Full Address: 15 Lake Ave
  • Address - House Number: 15
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 2822
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,002

    Appraisal Valuation

  • Standard Deviation: 0.2117
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 71
  • Final Value: 1,854,293
  • High Value: 2,246,934
  • Low Value: 1,461,652

    Market Valuation

  • Market Total Value: $81,300
  • Market Land Value: $30,000
  • Market Improvement Value: $51,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,650
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $25,650

    Sales

  • Current Sale Contract Date: Jun 07, 2023
  • Current Sale Recording Date: Jun 08, 2023
  • Current Sale Transaction ID: 11907652854
  • Current Sale Price: $2,200,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20071



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
2,500 ft²
$880/ft²
$2,200,000 Mar 25, 2022
$2,200,000 May 26, 2023
-
House
4 Beds
4 Baths
2,108 ft²
$1,233/ft²
$2,600,000 Dec 5, 2022
$2,600,000 Mar 31, 2023
-
House
4 Beds
4 Baths
2,899 ft²
$1,147/ft²
$3,325,000 Feb 24, 2023
$3,325,000 Mar 24, 2023
-
House
3 Beds
3 Baths
2,420 ft²
$806/ft²
$1,950,000 Jan 13, 2023
$1,950,000 Mar 21, 2023
$30/mo
House
4 Beds
2 Baths
-
$2,500,000 Feb 8, 2023
-
-
In Contract
House
7 Beds
6 Baths
3,777 ft²
$794/ft²
$2,999,000 Feb 17, 2023
-
-
House
9 Beds
5 Baths
3,500 ft²
$713/ft²
$2,497,000 Oct 7, 2022
-
-
Commercial
Loft
-
-
$2,695,000 Apr 5, 2023
-
$3,083/mo
In Contract
Commercial
Loft
-
-
$2,999,000 Mar 7, 2023
-
$2,721/mo

About Rehoboth Beach


Similar Homes for Sale

Unit for sale at 200 Rehoboth Avenue, REHOBOTH BEACH, DE 19971

$2,695,000

  • Commercial
200 Rehoboth Avenue, REHOBOTH BEACH, DE 19971 Listing by BRYCE LINGO
Unit for sale at 54 Kent Street, REHOBOTH BEACH, DE 19971

$2,500,000

  • 4 Beds
  • 2 Baths
54 Kent Street, REHOBOTH BEACH, DE 19971 Listing by BRYCE LINGO

Nearby Rentals

Unit for rent at 6 Gordons Pond Drive, REHOBOTH BEACH, DE, 19971

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 2,245 ft²
6 Gordons Pond Drive, REHOBOTH BEACH, DE, 19971 Listing by Lauren Price
Unit for rent at 37530 Worcester Drive, REHOBOTH BEACH, DE, 19971

$2,800 /mo

  • 3 Beds
  • 2 Baths
37530 Worcester Drive #K, REHOBOTH BEACH, DE, 19971 Listing by Lauren Price
Unit for rent at 20364 Blue Point Dr #2202, REHOBOTH BEACH, DE, 19971

$2,600 /mo

  • 4 Beds
  • 3.5 Baths
20364 Blue Point Dr #2202, REHOBOTH BEACH, DE, 19971 Listing by Kyle Kilgo


Frequently Asked Questions

When was property at 15 Lake Avenue built and last sold?
The property at 15 Lake Avenue was built in and last sold on Jun 7, 2023 for $2,200,000.
How much is this home worth?
The estimated value of the home located at 15 Lake Avenue is $2,525,000.
What are some comparable homes to 15 Lake Avenue?
Homes that are comparable to 15 Lake Avenue include a house property at 54 Kent Street, a commercial property at 200 Rehoboth Avenue, a house property at 11 6th Street.

Quantcast