See Home Value
$3,850,000
● House - Off Market

2 PARK AVE

REHOBOTH BEACH, DE 19971
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,552 Ft²
$20,132
Est. Monthly

About This Property

Only Surf Ave is between you and the ocean!  This SOLID classic home was built over a 2+ year period by a prominent local banker who supervised the construction daily!  Situated on an oversized (8,814 sq ft) lot with room for a future swimming pool, or just enjoy the large yard.  Approx 600+ sq ft lot coverage left, and house can be expanded.  The huge kitchen was remodeled in 2020 with custom built cabinets high-end appliances and a walk-in Pantry. There is a wood burning FP in the kitchen with antique built in surrounds that features a hidden compartment.   Entering the spacious Foyer, you will find an elegant turned stairwell and Powder Room, with the formal Dining Room (now set up as 2nd sitting area) straight ahead. The large Living Room features another wood burning FP. Step out from there onto the large wrap-around screened porch and feel the ocean breeze.  Upstairs on the front end of the home you will find 3 BR (one ensuite) and a huge hall bath with tub and tiled shower.  The 2 ocean front BRs have a door that leads to a balcony the same size as the spacious front porch for you to soak up the sun! Up the back stairs in the kitchen you will find 2 more BRs and another bath with new HVAC.  The entire home has real hardwood in all living areas and tile in all baths.  There is an attached 2 car garage (rare in Rehoboth) that gives you access to a partial basement.  There may be potential to expand to the attic for more living space (new Primary BR?) that would have awesome ocean views!  The home is located on an extra wide section of Park Ave to give you the feeling of more space, and all a very short walk to all that Rehoboth Beach has to offer.  Deauville Beach with tennis courts is just a short walk away.  This is a unique property, don't miss the opportunity! Past rental history $110k +/-, but not yet on rental market for 2025.
Unit Size
2,552 Ft²
Days on Market
46 days
Land Size
0.20 acres
Price per sqft
$1,607
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
-

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Last updated: 2 years ago (Bright MLS #DESU2070566)

Price History

Date / Event Date Event Price
Nov 8, 2024 Sold
Sold
Sep 23, 2024 In contract -
In contract
Sep 13, 2024 Listed by NextHome Tomorrow Realty $4,100,000
Listed by NextHome Tomorrow Realty
Jul 31, 2023 Sold
Sold
Jul 4, 2023 In contract -
In contract
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,851
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 1,180
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REHOBOTH BEACH
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: RS
  • Legal Description 1: SURF AVE LOT 46 P/O LOT 45 PARK AVE P/O LOT 2 W/IMP

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: 334-14.09-189.00
  • Lot: 2,45-4
  • Municipality: 19971
  • Latitude: 38.7244
  • Longitude: -75.0789

    Address

  • Full Address: 2 Park Ave
  • Address - House Number: 2
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: DE
  • City Name: Rehoboth Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 2808
  • Zip Code: 19971

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $197,477
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2117
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 71
  • Final Value: 1,472,882
  • High Value: 1,784,706
  • Low Value: 1,161,057

    Market Valuation

  • Market Total Value: $80,200
  • Market Land Value: $39,700
  • Market Improvement Value: $40,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,100
  • Assessed Land Value: $19,850
  • Assessed Improvements Value: $20,250

    Sales

  • Current Sale Recording Date: Apr 29, 1996
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rehoboth Beach


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Nearby Rentals

Unit for rent at 168 Columbia Avenue, REHOBOTH BEACH, DE, 19971

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
168 Columbia Avenue #D, REHOBOTH BEACH, DE, 19971 Listing by Walt D. Cassel
Unit for rent at 1 Virginia Avenue, REHOBOTH BEACH, DE, 19971

$1,712 /mo

  • 2 Beds
  • 1 Bath
  • 712 ft²
1 Virginia Avenue #201, REHOBOTH BEACH, DE, 19971 Listing by Brittany McCunney
Unit for rent at 37286 Martin Street, REHOBOTH BEACH, DE, 19971

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
37286 Martin Street #47, REHOBOTH BEACH, DE, 19971 Listing by Kyle B Kilgo


Frequently Asked Questions

When was property at 2 Park Avenue built and last sold?
The property at 2 Park Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Park Avenue is $0.
What are some comparable homes to 2 Park Avenue?
There are currently no comparable homes to 2 Park Avenue.